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
Nash
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 area of a triangle with base 10 cm and height 12 cm?
+
What is the value of f(x) when x=2 for the exponential function f(x) = 10^x compared to f(x) = e^x?
+
What is the area of a parallelogram with base 10 units and height 8 units?
+
New questions in Mathematics
Let f(x)=||x|−6|+|15−|x|| . Then f(6)+f(15) is equal to:
find the value of the tangent if it is known that the cos@= 1 2 and the sine is negative. must perform procedures.
2x-y=5 x-y=4
If O(3,-2) is reflected across x = 2. What are the coordinates of O
3x+5y=11 2x-3y=1
Two numbers differ by 7, and the sum of their squares is 29. Find the numbers.
Equivalent expression of the sequence (3n-4)-(n-2)
Answer the following questions regarding the expression below. 0.1 (a) Write the number as a fraction.
If 0101, what is the binary representation of the 4x16 decoder output?
Let r: x - y 5 = 0. Determine a general equation of the line s parallel to the line r, which forms an isosceles triangle with area 8 with the line x = 5 and the Ox axis.
Solve the following equation for x in exact form and then find the value to the nearest hundredths (make sure to show your work): 5e3x – 3 = 25
Use a pattern to prove that (-2)-(-3)=1
In a company dedicated to packaging beer in 750 mL containers, a normal distribution is handled in its packaging process, which registers an average of 745 mL and a standard deviation of 8 mL. Determine: a) The probability that a randomly selected container exceeds 765 mL of beer b) The probability that the beer content of a randomly selected container is between 735 and 755 mL.
Congratulations, you have saved well and are ready to begin your retirement. If you have $1,750,000.00 saved for your retirement and want it to last for 40 years, and will earn 10.8% compounded monthly: What is the amount of the monthly distribuion? 216.50 How much interest is earned in retirement?
Find the number of pounds of nails required for 17850 square feet of drywall if each thousand square feet requires 4.5 pounds of nails.
A property sold for $745,000 in a co-brokered transaction. The seller has agreed to pay a 7% commission to the listing firm. The listing firm has agreed to equally split the commission with the selling firm. If the buyer’s broker will receive 8% of the selling firm’s commission, how much commission will the buyer’s broker receive? $14,900 $3725 $$37250 $18625
Calculate NPV, IRR and PAYBACK through a cash flow for a period of five years, with discount rate of: a) 10% b) 12% c) 15% initial annual cost $41,400,000
1. The cost to transport 250 packages of cement 120 kilometers is $600. What will be the cost to transport 500 packages 300 kilometers?
How much does 7.2 moles of ammonium dichromate weigh? (NH4)2Cr2O7
An election ballot asks voters to select three city judges from a group of 12 candidates. How many ways can this be done?