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1. A person deposits 20,000 TL into a time deposit account. The maturity is 92 days. Interest rate is...

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1. A person deposits 20,000 TL into a time deposit account. The maturity is 92 days. Interest rate is 10%. What is the amount of interest received in 92 days? 2. A person deposits 25,000 TL into a time deposit account and receives 740 TL interest. Interest rate is 9%. What is the maturity in days? 3. The nominal interest rate of an investment is 15%. Inflation is 11.9%. What is the real rate of interest of this investment? 4. A person deposits 42,000 TL into a three-month time deposit account. Interest rate is 12%. What is the future value in four years compounded three-month? 5. A person deposits 17,000 TL into a six-month time deposit account. Interest rate is 8 %. What is the future value in five years compounded every-six month? 6. What is the present value of 100,000 TL received in 10 years if the interest rate is 10%? 7. A person wants receive 5,000 TL at the end of every three-month for 17 years. If the interest rate is 14%, how much money does he have to invest now? 8. You are working in the treasury department of a bank. Turkish Treasury announced that it would issue discounted bond. Nominal value is 100 TL, maturity is 395 days. If the required rate of return is 10%, how much money do you offer for this bond? (What is the price of the bond?) 9. A business takes out a long-term bank loan amounting 50,000,000 TL. Maturity is 10 years, interest rate is 12 %. The loan will be paid in six-month equal periodic payments. Payments will be made at the end of every six-month. What is the amount of the six-month payments? 10. A person is planning to invest a certain amount of money into a fund every three-month. The first payment will be made now. That person wants to have 100,000 TL in this fund at the end of the fifth year. If the interest rate is 12%, how much money does he have to invest every month beginning now?

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Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: September 05, 2023 08:19:39
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