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
85 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 length in meters of a 3.5-mile race?
+
What is the resultant displacement when two vectors with magnitudes 4.5 units and 3.2 units, at angles 60° and 120° respectively, are added/subtracted?
+
Math Question: How many ways can a committee of 5 members be formed from a group of 10 people?
+
New questions in Mathematics
A normal random variable x has a mean of 50 and a standard deviation of 10. Would it be unusual to see the value x = 0? Explain your answer.
How much volume of water in MegaLiters (ML) is required to irrigate 30 Hectare crop area with depth of 20mm?
-8+3/5
Calculate the equation of the tangent line ay=sin(x) cos⁡(x)en x=π/2
Express the following numbers in decimal system, where the subscript indicates the base: 110101 (SUBINDEX=2)
Given that y = ×(2x + 1)*, show that dy = (2x + 1)" (Ax + B) dx where n, A and B are constants to be found.
2.5 / 21.85
Suppose the horses in a large stable, have a mean weight of a 807 pounds and a variance of 5776. What is the probability that the mean weight of the sample of horses with differ from the population mean by greater than 18 pounds is 41 horses are sampled at random from the stable round your answer to four decimal places.
How many different ways can a psychology student select 5 subjects from a pool of 20 subjects and assign each one to a different experiment?
A force of 750 pounds compresses a spring 3 inches from its natural length, which is 15 inches. What will be the work done to compress it 3 inches more?
The average number of babies born at a hospital is 6 per hour. What is the probability that three babies are born during a particular 1 hour period?
Primes are numbers divisible only by 1 and themselves; There are infinitely many prime numbers and the first ones are 2, 3, 5, 7, 11, 13, 17, 19, 23, .... Consider a 12-sided die, with the faces numbered from 1 to 12. Out of 4 rolls, the probability that only the first three numbers are primes is:
Exercise 1 An ejidal association wishes to determine the distribution for the three different crops that it can plant for the next season on its available 900 hectares. Information on the total available and how many resources are required for each hectare of cultivation is shown in the following tables: Total available resource Water 15,000 m3 Fertilizer 5,000 kg Labor 125 day laborers Requirements per cultivated hectare Corn Soybeans Wheat Water 15 25 20 Fertilizer 5 8 7 Labor** 1/8 1/5 1/4 *The data in fraction means that with one day laborer it will be possible to care for 8, 5 and 4 hectares respectively. * Sales of crops 1 and 3, according to information from the Department of Agriculture, are guaranteed and exceed the capacity of the cooperative. However, soybeans must be limited to a maximum of 150 hectares. On the other hand, the profits for each hectare of crop obtained are estimated at: $7,500 for corn, $8,500 for soybeans and $8,000 for wheat. The objectives are to determine: • How many hectares of each crop must be allocated so that the profit is maximum. R= • The estimated profits for the ejidal cooperative in the next growing season. R=
Estimate the quotient for 3.24 ÷ 82
Show this compound proposition to be true or false. Paris is the capital of England or Rome is the capital of Italy
4+168×10³×d1+36×10³×d2=-12 -10+36×10³×d1+72×10³×d2=0
Fill in the P(X-x) values to give a legitimate probability distribution for the discrete random variable X, whose possible values are -5 ,3 , 4, 5 , and 6.
Twenty‐five students in a class take a test for which the average grade is 75. Then a twenty‐sixth student enters the class, takes the same test, and scores 70. The test average grade calculated with 26 students will
9/14 x 7/27 carry out indicated operation
Today a father deposits $12,500 in a bank that pays 8% annual interest. Additionally, make annual contributions due of $2,000 annually for 3 years. The fund is for your son to receive an annuity and pay for his studies for 5 years. If the child starts college after 4 years, how much is the value of the annuity? solve how well it is for an exam