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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- 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 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?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?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.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 years
- 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 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?A 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.
- 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. RM32,768.89How 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.)