Future Value – NBC Institute

BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculate the amount to set aside annually to accumulate a sum for a car replacement in 5 years.

Question

How much should Mr. Eaglet set aside at the end of each year to replace his motor car in 5 years’ time if the cost of a new car remains at ₦5 million and the rate of interest stays at 7% per annum?
A. N669,349.23
B. N779,349.23
C. N869,349.23
D. N979,349.23
E. N989,349.23

Answer

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Tags: Annuities, Financial planning, Future Value, Savings
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

Question

How much will N22,500 amount to at 8% interest over 15 years compounded annually?

A. N71,337.81
B. N71,373.81
C. N71,378.81
D. N71,387.81
E. N71,733.81

Answer

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Tags: Compound Interest, Financial Mathematics, Future Value, Investment Growth, Time value of money
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2015 – L1 – SB – Q3b – Mathematics

This question involves expressing the interest rate in terms of future value and principal investment for a 3-year investment.

Question

Mr. Taiwo invested a certain amount of money P, at an annual interest rate r, for a period
of 3 years. The future value of this investment is given by

Express r in terms of S and P

Answer

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Tags: Future Value, Interest Rate, Investment
Level: Level 1

Topic: Mathematics
Series: MAY 2015

BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculating the future value of semi-annual savings with compound interest

Question

Larry wishes to save money towards his new-born daughter’s wedding. He intends to save ₦50,000 on the first day of every 6 months for 18 years, starting immediately. The account pays interest of 6% compounded semi-annually. What will be the balance on the account at the end of 18 years?
A. ₦3,258,748.33
B. ₦4,368,748.34
C. ₦5,278,748.33
D. ₦6,588,748.33
E. ₦6,788,748.33

Answer

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Tags: Annuity, Compound Interest, Future Value
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2019

BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Calculating the future value of annual savings of ₦300,000 invested at 6.5% over 9 years.

Question

A savings scheme involves investing ₦300,000 per annum on the last day of the year. If the interest rate is 6.5%, what is the sum to be received at the end of 9 years?
A. ₦3,419,591.31
B. ₦3,519,692.31
C. ₦3,619,793.31
D. ₦3,659,894.31
E. ₦3,719,894.31

Answer

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Tags: Compound Interest, Future Value, Savings
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAR/JULY 2020

FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest

Calculate the balance of an endowment fund at the end of three years with varying annual interest rates.

Question

Joy Mummy Ltd is establishing an endowment fund to finance a scholarship scheme to provide funding for the education of children of its employees. The company plans to make an initial deposit of GH¢500,000 into the fund now. The initial deposit will be invested for three years before any disbursements will be made from the fund. The effective annual rate of return on the fund is expected to be 14% in the first year, 15% in the second year, and 16.5% in the third year.

Required:
Compute the balance of the fund at the end of three years. (4 marks)

Answer

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Tags: Compound Interest, Endowment Fund, Future Value
Level: Level 2

Topic: Simple interest and compound interest
Series: NOV 2019

BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculate the amount to set aside annually to accumulate a sum for a car replacement in 5 years.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Annuities, Financial planning, Future Value, Savings
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2020

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

Question

How much will N22,500 amount to at 8% interest over 15 years compounded annually?

A. N71,337.81
B. N71,373.81
C. N71,378.81
D. N71,387.81
E. N71,733.81

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Financial Mathematics, Future Value, Investment Growth, Time value of money
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2015 – L1 – SB – Q3b – Mathematics

This question involves expressing the interest rate in terms of future value and principal investment for a 3-year investment.

Question

Mr. Taiwo invested a certain amount of money P, at an annual interest rate r, for a period
of 3 years. The future value of this investment is given by

Express r in terms of S and P

Answer

Find Related Questions by Tags, levels, etc.

Tags: Future Value, Interest Rate, Investment
Level: Level 1

Topic: Mathematics
Series: MAY 2015

BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculating the future value of semi-annual savings with compound interest

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Annuity, Compound Interest, Future Value
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2019

BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Calculating the future value of annual savings of ₦300,000 invested at 6.5% over 9 years.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Future Value, Savings
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAR/JULY 2020

FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest

Calculate the balance of an endowment fund at the end of three years with varying annual interest rates.

Question

Required:
Compute the balance of the fund at the end of three years. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compound Interest, Endowment Fund, Future Value
Level: Level 2

Topic: Simple interest and compound interest
Series: NOV 2019

Question Tag: Future Value

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BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculate the amount to set aside annually to accumulate a sum for a car replacement in 5 years.

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

QTB – May 2015 – L1 – SB – Q3b – Mathematics

This question involves expressing the interest rate in terms of future value and principal investment for a 3-year investment.

BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculating the future value of semi-annual savings with compound interest

BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Calculating the future value of annual savings of ₦300,000 invested at 6.5% over 9 years.

FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest

Calculate the balance of an endowment fund at the end of three years with varying annual interest rates.

BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculate the amount to set aside annually to accumulate a sum for a car replacement in 5 years.

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

QTB – May 2015 – L1 – SB – Q3b – Mathematics

This question involves expressing the interest rate in terms of future value and principal investment for a 3-year investment.

BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculating the future value of semi-annual savings with compound interest

BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Calculating the future value of annual savings of ₦300,000 invested at 6.5% over 9 years.

FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest

Calculate the balance of an endowment fund at the end of three years with varying annual interest rates.

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BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculate the amount to set aside annually to accumulate a sum for a car replacement in 5 years.

You're reporting an error for "BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets"

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

You're reporting an error for "QTB – MAY 2017 – L1 – SA – Q1 – Mathematics."

QTB – May 2015 – L1 – SB – Q3b – Mathematics

This question involves expressing the interest rate in terms of future value and principal investment for a 3-year investment.

You're reporting an error for "QTB – May 2015 – L1 – SB – Q3b – Mathematics"

BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculating the future value of semi-annual savings with compound interest

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets"

BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Calculating the future value of annual savings of ₦300,000 invested at 6.5% over 9 years.

You're reporting an error for "BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets"

FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest

Calculate the balance of an endowment fund at the end of three years with varying annual interest rates.

You're reporting an error for "FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest"

BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculate the amount to set aside annually to accumulate a sum for a car replacement in 5 years.

You're reporting an error for "BMF – Nov 2020 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets"

QTB – MAY 2017 – L1 – SA – Q1 – Mathematics.

A multiple-choice question calculating future value based on compound interest over 15 years at 8% annually.

You're reporting an error for "QTB – MAY 2017 – L1 – SA – Q1 – Mathematics."

QTB – May 2015 – L1 – SB – Q3b – Mathematics

This question involves expressing the interest rate in terms of future value and principal investment for a 3-year investment.

You're reporting an error for "QTB – May 2015 – L1 – SB – Q3b – Mathematics"

BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Calculating the future value of semi-annual savings with compound interest

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets"

BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets

Calculating the future value of annual savings of ₦300,000 invested at 6.5% over 9 years.

You're reporting an error for "BMF – Mar July 2020 – L1 – SA – Q11 – Basics of Business Finance and Financial Markets"

FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest

Calculate the balance of an endowment fund at the end of three years with varying annual interest rates.

You're reporting an error for "FM – Nov 2019 – L2 – Q3a – Simple interest and compound interest"

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