The National Savings Fund promises a monthly 0.75% return if you deposit 100 per month for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The National Savings Fund promises a monthly 0.75% return if you deposit €100 per month for 15 consecutive years. What amount will be accumulated after those 15 years? Calculate future value or present value or annuity? (1+i)" -1 (1) (2) Future value = A* Items: - Annuity - n -i = €100 = 15 years ???!! = 0.75% p/m The National Savings Fund promises a monthly 0.75% return if you deposit €100 per month for 15 consecutive years. What amount will be accumulated after those 15 years? Calculate future value or present value or annuity? (1+i)" -1 (1) (2) Future value = A* Items: - Annuity - n -i = €100 = 15 years ???!! = 0.75% p/m
Expert Answer:
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Posted Date:
Students also viewed these mathematics questions
-
On December 1, 2015, Irene turned 71 years old. She is still working for her employer and she participates in her employer's 401(k) plan. Irene is not required to receive a minimum distribution for...
-
What amount will be required to purchase a 20-year annuity paying $2500 at the end of each month, if the annuity provides a return of 6.75% compounded annually?
-
What amount will be required to purchase, on a man's 40th birthday, an annuity to provide him with 30 equal semiannual payments of $1000 each, the first to be received on his 50th birthday, if...
-
The team's velocity has been 20 story points/sprint. They have 200 points remaining in the backlog for this release. The sprint length is two weeks. How many more weeks will it take to complete the...
-
Small companies typically find it more expensive, on a per employee basis, to buy health insurance for their workers, as compared with larger companies. Similarly, it is usually less expensive to...
-
A $245 million stretch of blacktop intended to be the signature goodwill gesture from the American people to the Indonesian survivors of the 2004 tsunami instead became a parable of the problems of...
-
In complexity science, the movement of an organization as it changes from one attractor or mission statement to another is known as: A. Leverage. B. Bifurcation. C. Chaos. D. Order.
-
You have been asked to comment on the covering letter that Zaid prepared. What are your suggestions to improve this covering letter? As an overseas student, Zaid Kilani chose to research downsizing...
-
A bond with6years to maturity and sells at par pays coupons semi-annually at a rate of8.6percent. Another bond of equal risk and maturity pays coupons annually at a rate of8.6percent. Both bonds have...
-
a. What is the maximum amount that Roy should advise his client to withdraw on her 60th birthday? If she lives until age 90, how much should the client expect to leave to her heirs? b. Roy is now...
-
The Organization of the Petroleum Exporting Countries held a meeting due to rising oil prices caused by new sanctions on the Russian invasion of Ukraine. During the meeting, a proposal was introduced...
-
Nettwerk 1. Which marketing processes from music's pre-digital era are now obsolete and which continue to be relevant? 2. How viable is the "long tail" strategy for musicians/artists? 3. What is the...
-
what ways can emerging technologies like blockchain and distributed ledgers be effectively harnessed to revolutionize supply chain management, and what hurdles must be overcome to ensure widespread...
-
Calculate the followings Q#1 Would you accept the project based on VPN, TIR? Explain. Q#2 The Tax Reform Act of 2017 allows equipment expenses to be depreciated in year #1 A) Estimate the VAN, the...
-
Economics and the economic problem 1. What is economics? Both Chang and the MES text define it similarly, but be explicit on both. 2. What is the economic problem as defined by the MES text and how...
-
Rhonda and Kyle leave Kyle's house at the same time. Rhonda drives north and Kyle drives west. Rhonda's average speed is 6 mph slower than Kyle's. At the end of one hour, they are 75 miles apart....
-
In the 2014 NFL season, passing yards per game were approximately normally distributed with a mean of 225 yards per game and a standard deviation of 30 yards per game. What percentage of games would...
-
1A. If the researcher is concerned about the number of variables, the nature of the analysis, and completion rates, then, he/she is at which stage of the sampling design process (Figure 11.1 in the...
-
If a state resident is selected at random, what is the (empirical) probability that the resident is (A) A Democrat or prefers candidate fl? What are the odds for this event? (B) Not a Democrat and...
-
A 3-card hand is dealt from a standard deck. You win $100 for each king in the hand. If the game is fair, how much should you lose if the hand contains no kings?
-
Describe the end behavior of each function in Problem. f(x) = 3x - 7x5 - 2
-
Inventory Turnover Calculate the company's inventory turnover for 2019 and compare the result to the industry average. Use the following financial data for Brenner Instruments Sales revenue.. Cost of...
-
Gross Profit Percentage Calculate the company's 2019 gross profit percentage and compare the L04 result to the industry average. Use the following financial data for Brenner Instruments Sales...
-
Debit-to-Equity Ratio Calculate the company's 2019 debt-to-equity ratio and compare the result to the industry average. Use the following financial data for Brenner Instruments Sales revenue.. Cost...
Study smarter with the SolutionInn App