Question

In a corporation that recognizes interest at 12% per year, compounded every 4 months, a Person saves Q15,000 today, Q8,000 in 2 years and Q9,000 in 7 and a half years. Prepare the time-value graph and indicate how much money you will have saved if you withdraw it everything within 8 years? Step by Step

242

likes
1209 views

Answer to a math question In a corporation that recognizes interest at 12% per year, compounded every 4 months, a Person saves Q15,000 today, Q8,000 in 2 years and Q9,000 in 7 and a half years. Prepare the time-value graph and indicate how much money you will have saved if you withdraw it everything within 8 years? Step by Step

Expert avatar
Lurline
4.6
108 Answers
1. Determine el interés trimestral:

i = \frac{0.12}{3} = 0.04

2. Calcule el valor futuro del primer ahorro (Q15,000 hoy):

FV_{1} = 15000(1+0.04)^{24}

FV_{1} = 15000(1.04)^{24}

FV_{1} \approx 15000 \times 2.563

FV_{1} \approx 38445

3. Calcule el valor futuro del segundo ahorro (Q8,000 dentro de 2 años):

FV_{2} = 8000(1+0.04)^{18}

FV_{2} = 8000(1.04)^{18}

FV_{2} \approx 8000 \times 2.025

FV_{2} \approx 16200

4. Calcule el valor futuro del tercer ahorro (Q9,000 dentro de 7 años y medio):

FV_{3} = 9000(1+0.04)^{1.5}

FV_{3} = 9000(1.04)^{1.5}

FV_{3} \approx 9000 \times 1.061

FV_{3} \approx 9549

5. Sume todos los valores futuros:

FV = FV_{1} + FV_{2} + FV_{3}

FV \approx 38445 + 16200 + 9549

FV \approx 64194

Dinero total ahorrado en 8 años:

\approx Q64,194

Frequently asked questions (FAQs)
What is the mode of the following data set: 12, 19, 24, 18, 19, 20, 19, 17, 21, 19?
+
Math question: "Factorize the expression x^2 - 5x + 6 using the quadratic formula."
+
Math question: What is the derivative of an integral from a to x of a function f(t) with respect to x?
+
New questions in Mathematics
calculate the derivative by the limit definition: f(x) = 6x^3 + 2
Solution of the equation y'' - y' -6y = 0
find the value of the tangent if it is known that the cos@= 1 2 and the sine is negative. must perform procedures.
-8+3/5
The random variable Y is defined as the sum between two different integers selected at random between -4 and 2 (both included). What are the possible values of the random variable Y? What is the value of P(Y=-3)? And whether it is less than or equal to -5?
A drawer contains three pairs of white socks, five pairs of black socks and two pairs of red socks. Caden randomly selects two pairs of socks on his way to the gym. What is the probability that both pairs of socks are black?
A juice shop prepares assorted juices, for their juices they have 5 different types of fruit. How many types of assortments can be prepared in total, if it is considered an assortment to a juice made with two or more fruits?
Find the root of x^4-10x^ 5=0 using Newton's method, with a precision of the smallest positive root.
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)?
Find the equation of the line perpendicular to −5𝑥−3𝑦+5=0 passing through the point (0,−2)
Substitute a=2 and b=-3 and c=-4 to evaluate 2ac/(-2b^2-a)
form a key for your lock containing the numbers 2 2 5 8 How many different keys can you form?
Calculate the boiling temperature and freezing temperature at 1 atmosphere pressure of a solution formed by dissolving 123 grams of ferrous oxide in 1.890 grams of HCl.
How many square feet of floor area are there in three two-storey apartment houses, each of which is 38 feet wide and 76 feet long?
How to do 15 x 3304
At the dance there are 150 boys the rest are girls. If 65% are girls what is the total amount in the room
Determine a general formula​ (or formulas) for the solution to the following equation.​ Then, determine the specific solutions​ (if any) on the interval [0,2π). cos30=0
In poker, a full house consists of five cards, where two of the cards have the same number (or letter) and the remaining three also have the same number (or letter) as each other (but not as the previous two cards). Use a search engine or Wikipedia to understand the concept better if necessary. In how many different ways can one obtain a full house?
7-1=6 6x2=12 Explain that
A grain silo has a height of 8.8m with a 11.4m diameter. If it is filled 0.5% of it's volume, how much grain (m^3) is stored in the silo? (0 decimal places)