$MathMaster logo$

MathMaster

Home
general
if an investment is made in a banking entity for an initial amount of 822 000 00 colones in 6 quarters which obtains an an

Question

If an investment is made in a banking entity for an initial amount of 822,000.00 colones in 6 quarters, which obtains an annual return of 11%, but after that period it is decided to carry out a new one investment for 350,000.00 colones additional to the total received from the first investment with a new rate of interest, for 1500 days at a rate of 13%. What amount do you receive at the end of the period in its entirety?

128

likes

641 views

Answer to a math question If an investment is made in a banking entity for an initial amount of 822,000.00 colones in 6 quarters, which obtains an annual return of 11%, but after that period it is decided to carry out a new one investment for 350,000.00 colones additional to the total received from the first investment with a new rate of interest, for 1500 days at a rate of 13%. What amount do you receive at the end of the period in its entirety?

$Expert avatar$

4.9

87 Answers

1. Calculate the future value of the initial investment after 6 quarters with an annual return of 11%:
- The formula for future value is given by

A = P \left(1 + \frac{r}{n}\right)^{nt}

- Here,

P = 822,000 \, \text{colones}

,

r = 0.11

,

n = 4

(since interest is quarterly), and

t = 1.5

years (since 6 quarters = 1.5 years).
- Substitute the values:

A_1 = 822,000 \left(1 + \frac{0.11}{4}\right)^{4 \times 1.5}

A_1 = 822,000 \left(1 + 0.0275\right)^{6}

A_1 = 822,000 \times 1.171958

A_1 = 963,647.076

2. Calculate the future value of the new investment (initial total from step 1 + additional investment) after 1500 days at a rate of 13%:
- Convert 1500 days to years:

t = \frac{1500}{365}

years.
- Additional investment: 350,000 colones.
- New principal

P_2 = A_1 + 350,000

P_2 = 963,647.076 + 350,000

P_2 = 1,313,647.076

colones.
- Annual interest rate

r = 0.13

.
- Substitute the values in the future value formula:

A_2 = P_2 \left(1 + r\right)^t

A_2 = 1,313,647.076 \left(1 + 0.13\right)^{\frac{1500}{365}}

A_2 = 1,313,647.076 \times 1.529152

A_2 = 2,297,473.701

3. The total amount received at the end of the period is

2,297,473.701

colones.

Frequently asked questions (FAQs)

What is the equation of the logarithmic function that passes through the points (1, 3) and (4, 1)?

+

Math question: Find the equation of a parabola that opens downward, has its vertex at (2,3), and passes through the point (-1,7).

+

What is the value of sinh(arcsinh(3) - arccosh(5)) - cosh(arcsinh(3) + arccosh(5))?

+

New questions in Mathematics

A=m/2-t isolate t

a to the power of 2 minus 16 over a plus 4, what is the result?

Convert the following function from standard form to vertex form f(x) = x^2 + 7x - 1

The function g:Q→Q is a ring homomorphism such that g(3)=3 and g(5)=5. What are the values of g(8) and g(9)?

how many arrangements can be made of 4 letters chosen from the letters of the world ABSOLUTE in which the S and U appear together

Let f(x) = x² − 1. Find the equation of the tangent line to the graph of f at the point x0 = 2.

There were no defectives in a sample of 1 light bulb does this sample provide sufficient evidence that in the warehouse with millions of light bulbs fewer than 10% are defective?

6-35 A recent study by an environmental watchdog determined that the amount of contaminants in Minnesota lakes (in parts per million) it has a normal distribution with a mean of 64 ppm and variance of 17.6. Assume that 35 lakes are randomly selected and sampled. Find the probability that the sample average of the amount of contaminants is a) Greater than 72 ppm. b) Between 64 and 72 ppm. c) Exactly 64 ppm. d) Greater than 94 ppm.

The price per night of a suite at the Baglioni Hotel in Venice is 1896 euros, VAT included. The VAT in Italy is 25%. The hotel gets a return of 10% out of the price VAT included. b) What is the profit value made by the hotel for one

The maximum gauge pressure of a hydraulic ramp is 16 atm, with a support area whose diameter is 20 cm. What is the mass of the heaviest vehicle that can be lifted?

Buffalo Company makes and sells shampoo. Each unit requires $1.40 labor costs, material costs per unit are $0.90 and other variable costs are $0.30. It sells shampoo for $4.45 to retailers. Fixed costs are $15,000. It sold 25,000 units in the current month. What is the Break-Even point in units? What is the Break-Even point in dollars? What is the contribution margin of Buffalo Company?

A loan is repaid with payments of $2226 made at the end of each month for 12 years. If interest on the loan is 5.2%, compounded semi-annually, what is the initial value of the loan? Enter to the nearest cent (two decimals). Do not use $ signs or commas.

In a 24 hours period, the average number of boats arriving at a port is 10. Assuming that boats arrive at a random rate that is the same for all subintervals of equal length (i.e. the probability of a boat arriving during a 1 hour period the same for every 1 hour period no matter what). Calculate the probability that more than 1 boat will arrive during a 1 hour period. (P(X>1) ) Give your answers to 4 decimal places and in a range between 0 and 1

1. The cost to transport 250 packages of cement 120 kilometers is $600. What will be the cost to transport 500 packages 300 kilometers?

Marc, Jean and Michelle have traveled a lot. Marc drove twice as much as Jean, but it was Michelle who drove the most with 100km more than Marc. They respected their objective of not exceeding 1350km of distance. How far did John drive?

12[4 + (8 + 7) + 5]

I have a complex function I would like to integrate over. I can use two approaches and they should give the same solution. If I want to find the contour integral ∫𝛾𝑧¯𝑑𝑧 for where 𝛾 is the circle |𝑧−𝑖|=3 oriented counterclockwise I get the following: ∫2𝜋0𝑖+3𝑒𝑖𝑡⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯𝑑(𝑖+3𝑒𝑖𝑡)=∫2𝜋03𝑖(−𝑖+3𝑒−𝑖𝑡)𝑒𝑖𝑡𝑑𝑡=18𝜋𝑖 If I directly apply the Residue Theorem, I would get ∫𝛾𝑧¯𝑑𝑧=2𝜋𝑖Res(𝑓,𝑧=0)=2𝜋𝑖