Question
1.A person wants to make a living for 10 years with the interest income by depositing 90.000 TL in a bank. He deposited this money
1.A person wants to make a living for 10 years with the interest income by depositing 90.000 TL in a bank. He deposited this money in the bank at an annual interest of 12%. What will be the interest the person in question will receive at the end of each month?
2.If an investor deposits TL 1,000 at the end of each year for 10 years at 15% interest, what would be the investment amount at the end of the 10th year? Answer the question by drawing both the figure and using the annuity factor formula.
3.What is the present value of 100.000 TL obtained at the end of each year for 5 years at 15% interest rate? Answer the question by drawing both the figure and using the annuity formula.
4.If an investor deposits 10,000 TL at the beginning of each year for 5 years at 15% interest, what is the present value of the investment? Answer the question by drawing both the figure and using the annuity factor formula.
5.What is the future value of the investment if an investor deposits 10,000 TL at the beginning of each year for 5 years at 15% interest? Answer the question by drawing both the figure and using the annuity factor formula.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started