10. Ruel Dayrit deposited P80,250 in a bank paying 5% simple interest for 4 years. How would he have in his account at the end of four years assuming that no withdrawals were made?
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Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
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- 1- A person deposits 200.00 riyals at the end of each month for a year in a bank, and it has been found that the total of what he is entitled to at the end of the year is 2510.00 riyals. What is the interest rate? 2- A person deposited 900.00 riyals first every two months for a whole year, then began depositing 400.00 riyals at the beginning of each Two months for another year. If the interest rate is 15%, what is his balance at the end of the period? 3- In the first of every two months, a person deposits a certain amount. If it is found that the total of what he is entitled to at the end of the year is EGP 3,920, and if the annual interest rate is 12%, what is the value of the equal payment ? 4- Find a sentence of a semi-annual payment with a periodic value of 300.00 riyals, and it is paid for two years and with simple interest at a rate of 5% annually if the payments are: (a) regular, (b) immediate 5- A person deposited 500.00 riyals in a bank at the beginning and middle of each…An individual makes five annual deposits of P 2,000 in a savings account that pays interest at a rate of 4% per year. One year after making the last deposit, the interest rate changes to 6% per year. Five years after the last deposit the accumulated money is withdrawn from the account. How much is withdrawn? Select one: a. P 16,701 b. P 12,356 c. P 15,824 d. P 14,223**please do not use excelMr. Angel deposited 125,000 in Coconut Bank. After 2 years, he withdrew 13,600. After another 2 years, he again withdrew 9,500. If he wishes to withdraw all his savings after 5 years from the time of his deposit, what amount will he receive if the interest rate is 9% compounded quarterly?
- 26 (a). Samuel Norris deposited $450 in a new regular savings account that earns 4% interest compounded quarterly. He made no other deposits or withdrawals. What is the amount in the account after one year? * Your answer hpAn investor deposits 10,000 into a savings account that sets its interest rate for the year on the first day of the year. For the first five years the investor receives 6% per year. After that, for the next 4 years the investor received 10% per year and after that 8% per year for 6 years. Assuming there were no deposits or withdrawals from the account during this period, how much is in the account at the end of this time? O 31092 O 46951 O 22584 O 50358 O 21577 O 44290A man deposited GH¢14100.00 at 8 % per annum compound interest. If at the end of 4 years, he transfers the total amount to another bank" offering 12% còmpóund interest per annum; a) how much interest did he get at the end of 7 years. b) calculate the total amount he received at the end of seven years.
- 2. Deferred Annuity and Annuity Due 2. Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end of 5 years, he started his annual deposits of P30,000. How much is his future account balance after he made his 4th annual deposit?Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end of 5 years, he started his annual deposits of P30,000. How much is his future account balance after he made his 4th annual deposit?1. Five years ago, a man invested P 80,000 at 5% compounded semi-annually. How much is his money now? a. 92,406.76 b. 98,495.87 c. 102,102.53 d. 102,406.76 2. Mr. Lopez deposited P 120,000 in the bank. How many months did he deposit the money to earn an interest of P 12,000 at 10% rate? a. 1 b. 6 c. 10 d. 12 3. If an investment of P 125,000 accumulates to P 238,000 in 10 years, what is the interest rate? a. 5.04% b. 5.25% c. 7.69% d. 9.04% 4. Two employees, C and D, are to be compared based on their daily routine of work. Employee C can finish his job with an average of 1.35 hours and a standard deviation of 0.09 hour, whereas Employee D can finish the job with an average of 2.7 hours and a standard deviation of 0.04 hour. Who is the more consistent employee? a. Employee C b. Employee 5. Having a balance of P 6,000 in his previous billing statement posted on March 1, Mr. Richards made a purchase of P 25,000 on March 8, and another purchase in the amount of P 10,000 on March 17.…
- 2. Mariano deposited P5,000 today in an account that pays 8% compounded semi-annually. Two P4,000. years later, he deposited P2,000. Four years after Three years after his last deposit, he withdrew years after his first deposit? his second deposit, he deposited P5,000. How much is left in his account twelve24. Francois DuFresne deposits $350.00 in a savings account. The account pays an annual interest rate of 4%. He makes no other deposits or withdrawals. After 3 months, the interest is calculated. How much simple interest did his money earn? $1.17 $3.50 $6.50 $14.0016. SAVINGS ACCOUNTS If Jackson deposits $100 at the end of each month in a savings account earning interest at the rate of 3%lyear compounded monthly, how much will he have on deposit in his savings account at the end of 6 years, assuming that he makes no withdrawals during that period?