Which of the two plans it would suit you plus?
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The Bank International of Coast delicious you offers a you the following plans of saving for three years:
- To deposit ¢300 00 each six months a a rate of 14 % annual, payable semi-annually.
- To deposit ¢150 00 each three months a a rate of 12 % annual, payable quarterly basis.
- Which of the two plans it would suit you plus?
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- You are given the option to borrow P5,000 you need for one year. Which of this will you pay lesser interest. To borrow from a friend at an interest rate of 1.5% month or a loan from a bank at a rate 18% per year?How do you calculate the APR given the following parameters: A cash advance on a credit card of $100, with a $5 processing fee up front, and 25% interest on the cash advance balance with monthly compounding. To be paid back over 12 monthly payments of an equal amount as an ordinary annuity.You have approached your bank for a 30 year mortage loan in the sum of $2,160,000. The bank has agreed to lend you the money at the annual rate of 6.32% a Caluate the montly repayment on this loan b Compute the interest payment for the first month of the loan based on the answer in a.
- Prescott Bank offers you a $22,000, 6-year term loan at 10 percent annual interest. What will your annual loan payment be?Dinero Bank offers you a five-year loan for $50,000 at an annual interest rate of 7.5 percent. What will your annual loan payment be?Assume you make a single deposit of $1000 into a savings account that pays interest at 0.5% per month. If you want to know how much the accountwill be worth in 5 years, the only values you can use for i and n area. Effective i per month and n = 60b. Effective i per quarter and n = 30c. Effective i per semiannual period and n = 10d. Either (a) or (c)
- You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar. Regular withdrawal: $1500 Interest rate: Frequency Time: 2.5% quarterly 24 yearsA customer of your bank comes for a car loan 10000 OMR. He is charged with an interest rate of 5% per year. The customer expects a monthly repayment schedule from you, to plan his repayment. Provide a loan amortization schedule for monthly repayment of I year.You open a 90-days Eurodollar time deposit three months from now. You enter into a 3x6 forward rate agreement (FRA). The amount you will deposit is $13,884,503. The six-month Libor rate is 3 The three-month Libor rate is 1 What is your forward rate?
- How much is accumulated in each of the savings plans over two years? a. Deposit €1100 today at 15 percent compounded annually. b. Deposit €700 today at 12 percent compounded monthly. a. The total amount in the savings plan at the end of two years when depositing €1100 today at 15 percent compounded annually will be € (Round to the nearest hundredth as needed.)Pursell Bank offers you a five-year loan for $100,000 at an annual interest rate of 6.8 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual loan paymentIf you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you have in the account after 7 years? Select one: a. RM11,265.90 b. RM41,657.90 c. RM56,962.47 d. RM32,768.89