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 sine of an angle A if the cosine of angle B is 0.5? (
+
What is the slope-intercept form of the line passing through (2, 4) with a slope of -3?
+
Find the volume V of a sphere with radius r using the formula V = (4/3)πr³.
+
New questions in Mathematics
Y=-x^2-8x-15 X=-7
The gross domestic product the gdp for the United States in 2017 was approximately $2.05x10^3. If you wrote this number in standard notation , it would be 205 followed by how many zeros
-8+3/5
Karina has a plot of 5,000 square meters in which she has decided that 60% of it will be used to plant vegetables. Of this part, 12% will be dedicated to planting lettuce. How much surface area of the plot will be used for cultivation?
4x567
what is the annual rate on ​$525 at 0.046​% per day for 3 months?
3(2•1+3)4
Identify a pattern in the list of numbers.Then use this pattern to find the next number. 37,31,25,19,13
There are 162 students enrolled in the basic mathematics course. If the number of women is 8 times the number of men, how many women are there in the basic mathematics course?
In a grocery store, when you take out 3 peppers and 4 carrots, there are 26 peppers and 46 carrots left. How many peppers and carrots were there initially?
∫ √9x + 1 dx
Two business partners have a bank balance of $17,942.00. After the first year their interest brings their balance to $18,928.91. What rate of interest is earned?
How to do 15 x 3304
cube root of 56
viii. An ac circuit with a 80 μF capacitor in series with a coil of resistance 16Ω and inductance 160mH is connected to a 100V, 100 Hz supply is shown below. Calculate 7. the inductive reactance 8. the capacitive reactance 9. the circuit impedance and V-I phase angle θ 10. the circuit current I 11. the phasor voltages VR, VL, VC and VS 12. the resonance circuit frequency Also construct a fully labeled and appropriately ‘scaled’ voltage phasor diagram.
2x2
A post office has three categories of letters: 60% are from businesses, 30% are individual mail, and the remaining 10% are government mail. 5% of the letters from businesses have address errors, 10% of the individual mail has address errors, while 1% of the government mail has address errors. If we receive a letter with an address error, what is the probability that it is individual mail?"
question 1 Consider a sample space S, and two events A and B such that P(A ∩ B) = 0.2, P(A ∪ B) = 0.6, P(B ∪ ̄A) = 0.8 (a) [0.5 points] Calculate P (A). (b) [0.5 points] Calculate P (B)
A gas is leaking at 3.5ft3/min in a room of 2.9m by 6.9ft by 15.7m. How long would it take (in seconds) for 22% of the room to reach the LFL, if the gas has a LFL of 2.51%?
An invoice for €2,880 plus default interest of €48.40 was paid on October 28th. Interest rate 5.5%. When was the bill due?