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
107 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 length of the hypotenuse if the lengths of two sides of a right-angled triangle are 5 and 12?
+
What is the resultant of adding vector A (magnitude 5, angle 30°) and vector B (magnitude 8, angle 60°)?
+
What is the area of a triangle if the base is 8 cm and the height is 12 cm?
+
New questions in Mathematics
Find two natural numbers whose sum is 230 and their difference is 10. Set up the system and solve it.
The patient is prescribed a course of 30 tablets. The tablets are prescribed “1 tablet twice a day”. How many days does a course of medication last?
(x^2+3x)/(x^2-9)=
String x = 5 Int y=2 System.out.println(x+y)
A book is between 400 and 450 pages. If we count them 2 at a time there is none left over, if we count them 5 at a time there is none left over and if we count them 7 at a time there are none left over, how many pages does the book have?
If O(3,-2) is reflected across x = 2. What are the coordinates of O
Margin of error E=0.30 populations standard deviation =2.5. Population means with 95% confidence. What I the required sample size (round up to the whole number)
How many anagrams of the word SROMEC there that do not contain STROM, MOST, MOC or CEST as a subword? By subword is meant anything that is created by omitting some letters - for example, the word EMROSCT contains both MOC and MOST as subwords.
I need to know what 20% or £3292.75
A triangular window has a base of 6 ft. and a height of 7 ft. What is its area?
19) If the temperature of -8°C decreases by 12°C, how much will it be? a)-20°C -4°C c) 4°C d) 20°C
If a two-branch parallel current divider network, if the resistance of one branch is doubled while keeping all other factors constant, what happens to the current flow through that branch and the other branch? Select one: a. The current through the doubled resistance branch remains unchanged, and the current through the other branch decreases. b. The current through the doubled resistance branch decreases, and the current through the other branch remains unchanged. c. The current through the doubled resistance branch increases, and the current through the other branch remains unchanged. d. The current through both branches remain unchanged.
Solve equations by equalization method X-8=-2y 2x+y=7
Find the center coordinates and radius of a circle for an equation written as: 3x2 + 3y2 - 6y = —12× + 24
Next%C3%B3n%2C+we+are+given+a+series+of+Tri%C3%A1angles+Right%C3%A1angles+%3Cbr%2F%3Ey+in+each+one+of+them+ are+known+2%28two%29+measurements+of+sides.+%3Cbr%2F%3Elet's+determine+all+trigonom%C3%A9tric+ratios.
A,B,C and D are the corners of a rectangular building. Find the lengths the diagonals if AB measures 38' - 9" and AD measures 56' - 3"
A hardware bill totals $857.63 with discounts of 5% and 3%. What is the net cost of the Material ?
8/9 divided by 10/6
the length of the fenced in area is to be 5 ft greater than the width and the total amount of fencing to be used is 89 ft find the width and length
Paola went on vacation for 15 days if it rained 20% of the days. How many days did it rain?