Investment 2

Jack invested $5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposit?

Correct answer:

c =  5436.6436 USD

Step-by-step explanation:

a=5000 q1=1+4.7100121.0038 q2=1+7.3100121.0059  b=a q15=5000 1.003855096.6067 USD c=b q211=5096.6067 1.005911=5436.6436 USD



We will be pleased if You send us any improvements to this math problem. Thank you!






avatar




Tips to related online calculators
Do you want to convert time units like minutes to seconds?

Related math problems and questions:

  • Saving 9
    penize An amount of $ 2000 is invested at an interest of 5% per month. If $ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount has accumula
  • Deposit
    ping_bank If you deposit $x euros at the beginning of each year, how much money we have at $p% (compound) interest after $n years?
  • Investment
    penize 1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years?
  • Future value
    penize Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn?
  • Maturity value
    city IKEA Furniture’s can purchase furniture with 3 year simple interest loan at 8% interest per year. What is the maturity value of 3500 loan?
  • If you 4
    exp_growth If you deposit $2500 in an account paying 11% annual interest compounded quarterly, how long until there is the $4500 in the account?
  • Retirement annuity
    bankovka How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th
  • If you 2
    exp_growth If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account?
  • Loan
    loan Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
  • If you 3
    bank2 If you deposit $4500 at 5% annual interest compound quarterly, how much money will be in the account after 10 years?
  • The city
    city At the end of 2010 the city had 248000 residents. The population increased by 2.5% each year. What is the population at the end of 2013?
  • Interest
    dollars Calculate how much you earn for $n years $x deposit if the interest rate is $p% and the interest period is a quarter.
  • Bank
    money Paul put $a in the bank for $r years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is $u%, and the tax on interest is $d%.
  • Suppose 3
    penize Suppose that a couple invested Php 50 000 in an account when their child was born, to prepare for the child's college education. If the average interest rate is 4.4% compounded annually, a, Give an exponential model for the situation b, Will the money be
  • Compound interest 3
    exp_growth2 After 8 years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly? (interest is now dream - in the year 2019)
  • Profitable bank deposit 2012
    eurocoins Calculate the value of what money lose creditor with a deposit € $money for $n years if the entire duration is interest $r% p.a. and tax on interest is 19%. Annual inflation is $i% (Calculate what you will lose if you leave money lying idle at negative in
  • Geometric progression
    exp In geometric progression, a1 = 7, q = 5. Find the condition for n to sum first n members is: sn≤217.