Question

Question 2: Orange Credit Union expects an average annual growth rate of 16% for the next five years. If the assets of the credit union currently amount to $1.7 million, what will the forecasted assets be in five years? Question 3 A loan for $14320 with interest at 4.75% compounded semi-annually is repaid after 7 years. What is the amount of interest paid? Question 4: An investment of $6300.00 earns interest at 11.96% p.a. compounded monthly for five years. At that time the interest rate is changed to 7% compounded semi-annually. How much will the accumulated value be two and a half years after the change? Question 5: Accumulated $1550.00 at 5.8% p.a. compounded monthly from March 1, 2011, to July 1, 2013, and thereafter at 7.88% p.a. compounded quarterly. What is the amount on April 1, 2015?

PLEASE SOLVE 3 TO 5 QUESTIONS.

Answer 1

Q.3 Son: Principal amant = $14320, Interest - 4. 75% i= 2.3757 , N=14, Time= 7 years Total amant = Principal Ant X (1+i) = 14320 x (1 + 0.02375) - 14320 X 1389 Total amount = 19891.05 Interest = 19891.05 - 1432 0 Interest = 5571 Ans: Amant of interest paid is $5571

Q.5 Given: Value as on find value as on 1107/2013 = $1550.00 114/2015 , Interest - 7.887.p.a. Months = 21, N = 2! - 7 Qucesters i = 7.88% = 1.97% , Amount (principal) = 1550 Total value = Principal x (1 tijn = 1550 x (1 + 0.0197)7 = 15500 114632 Total volve - $ 1776.80 - Ans: Amant as on 114/2015 is $ 1776.8

- 14200 X (1+0.00345) Q.4 Cain of investment value after 5 years at 11.961.pa Companded monthly, f Total investment value = Principal amount X (1+i)N where, i= 11.96 = 0.996666% , N=60 (5yrs +12) 12 in Total investment value = 6300 x (1 +0.00996600 = 6300 x 181303 = 11422.089 Coin of investment value after 2.5 years at 7% Companded semi annually. formula - Total investment value = Poincipal value X (1+i)n where, principal value = 11422.089, i=7% = 3.5% N = 2.5 years X 2 = 5 yrs - Total investment value = 11422.089 X (1+0.0355 = 114 22.089 x 1.1876 = 13565.85 Accamulated value is $13 565.85 . - Dropped