Q: Suppose that your salary will increase by 2% per year over the next 4 years. If annual interest rate…
A: As it is mentioned in the question salary increase by 2% for next 4 year annual interest rate =2%
Q: Alex bought a phone at $10,000 and it's salvage value of $1,000 after 9 years. Find the net worth if…
A: Cost of Phone = 10,000 Salvage Value = 1000 Time = 9 years
Q: A student has agreed to purchase a used vehicle for $10,000. He wishes to limit his monthly payment…
A: According to question Interest rate = 6%Per annum Monthly rate of interest (r) = 0.5% =0.005 Used…
Q: An employee is paid TL 48000 per year. 5% of his salary will be cut off for retirement. His salary…
A: Each employee in an economy deserves a post-retirement income in a form of pensions, which is…
Q: Spivey just won the Powerball lottery! The $25,000,000 jackpot will be paid in 10 annual…
A:
Q: Suppose you drive a 2013 model automobile that averages 25 miles per gallon (mpg) for 15,000 miles…
A: It is given that the automobile averages 25 miles per gallon for the 15,000 miles annually. When the…
Q: What is the amount of capital that earns simple interest: a)$1,500 at 18% per year in 10…
A: In the market, the amount of capital is also known as principal amount that is invested today to…
Q: You borrowed P5,000 from a bank and agreed to pay at the end of 9 months. The bank discounted the…
A: The rate tells you just how much interest you'll make or pay on a loan. Rate is the percentage that…
Q: A person earning $50,000 annually wants to save money for a scholarship. He will save 15% of his…
A: Person's earning is 50000 per year and his salary increases 10% annually. And he saves 15% annually…
Q: It is likely that your college tuition will increase an average of 8% per year for the next 4 years.…
A: We will use a gradient, to find the investment amount that is required. g= 8% A1 = $12,000 i = 5% n…
Q: A firm has borrowed $5,000,000 for 5 years at 10% per year compound interest. The firm will make no…
A: Compound interest is the addition of interest to the principal sum of a loan or deposit, here we…
Q: Abbott wants to increase their marketing for Pedialyte leading up to St. Patrick's Day this year.…
A: Given information Ad cost=$5000000 at week 2/13/2022 Ad cost on 3/6=$800,000 Sales on 2/20=$500,000…
Q: If the interest rate is 11%, PHP1500 received at the end of 12 years is worth how much today?…
A: Given information Interest rate (r): 11% Future value (F): PHP 1500 Time period (t): 12 years To…
Q: Mr Joe annual income from an apartment house is $20,000 with an annual expense estimated to be…
A: Net benefit can be calculated as follows: Net benefit=20,000-2,000=18,000 Thus, the net benefit…
Q: Q1): A company is planning to expand its business after 5 years from now. The expected The company…
A: Here we calculate the difference in amounts company arrange after 5 year by using the given…
Q: Assume that 100 Apples cost 100 Liras Today. You have Invested your 500 TL with 1,5% monthly rate of…
A: Future value = present value*(1 + rate of interest)^number of years
Q: An Engineer plans to retire on the day he turns 60-year old. To address his retirement, he wants to…
A: It is possible to save a percentage of one's income for retirement through retirement funds, also…
Q: What is the interest earned on a P100,000 investment if it is held for 20 years at 4.3% simple…
A: Given information, Principal amount (P): P100,000 Time period (t): 20 years Interest rate (r): 4.3%…
Q: Would you undertake the following investment project? Why or why not? Be careful interest rate is…
A: Year Costs, C Revenue, R Net Cash Flow 0 3993 0 -3993 1 4840 3630 -1210 2 3630 4840 1210…
Q: e maintenance for a piece of equipment costs $300 at the end of year 1, and increases by 15% every…
A: Given Information A = Payment at EOY 1 = $300g = Gradient Percent = 15%n = Number of Periods = 5…
Q: Leon and Heidi decided to invest $2,750 annually for only the first eight years of their marriage.…
A: They invested their amount for 8 years but since the first year they started to get interest rate…
Q: What is the annual interest rate if a $15,000 investment receives $365 in 4 months?
A: Annual interest rate is the interest rate which is received on an investment annually.
Q: A man deposited ₱2,000 in a bank at a rate of 12% per annum from January 10,1999 to November…
A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: How much should be set aside to pay $5000 per year for perpetual maintenance on a small park if…
A: Given data: Annual payment A=$5000 Rate r=4%=0.04
Q: You are saving money to buy a laptop computer, one with "lots of horsepower" and fast memory so that…
A: Future Value of Annuity: Future value is the value of a current asset at a future date based on a…
Q: The incomes for a business for five years are as follows: $8,250, $12,600, $9,750, $11,400, and…
A: First years income = $8250 Second year income = $12600 Third year income = $9750 Fourth year income…
Q: Maintenance cost of a machine is S 100 during the second year and to increase by $ 100 every year…
A: Maintenance cost is in a form of gradient series which increase at a constant rate of 100 .…
Q: You decide to save slightly less than that and save $600 a month to invest into a retirement account…
A: Annuities are financial instruments that helps people to solve the risk of outliving their savings.…
Q: Suppose that the installation of Low-Loss thermal windows is expected to save $450 per year on your…
A: As it is given save =$450
Q: Spivey just won the Powerball lottery! The $20,000,000 jackpot will be paid in 20 annual…
A: 20 annual installments of $1,000,000 each will be paid to Spivey. One payment was made at time…
Q: Your friend withdrew $630,315 from an account into which she had invested $350,000. If the account…
A: Interest rate is some percentage that an individual earns on the amount he/she invests. It can be…
Q: True or False 1. For any economy study based on our discussions, it is always necessary to…
A: In a market, there are different ways to analyze an investment whether it is feasible or not,…
Q: An investor has £13,000 in a fund generating a 5% return, with a 2.5% initial cost and an annual…
A: Initial cost @ 2.5%=13000*0.025=325 Fund value at the beginning=(13000-325)=12675. Annual…
Q: Should Jim sell his Minivan? Jim's 1998 minivan is quite functional, but it only averages 20 miles…
A: The information given is:- Jim's 1998 minivan is quite functional, but it only averages 20 miles per…
Q: The city council has approved the building of a new bridge over Running Water Creek. The bridge will…
A: The cost on the construction of highly is a one time cost but the cost on maintaining the highly…
Q: graduating highschool student decided to take a year off and work to save money for college. The…
A: * SOLUTION :-
Q: How much should one set aside to pay $5000 per year for maintenance on a small park if interest is…
A: Given, Amount = $5000 Interest = 4%
Q: Nathan and Stephanie are saving for their daughter's college education. Their daughter, Paige, is…
A: In the given question first calculated future worth of present saving and future worth of the…
Q: Problem 3 MOW much money must you depout every year at 8 per year compound in order to accumulate…
A: Given information: Future amount (F)= $1,000,000 Interest rate (i)= 8% Time period (N)= 7 To find:…
Q: 7. You and your wife each contribute $500 per month into your 401(K) plan starting today. You only…
A: Contribution made by the individual and his wife is $500 each. Therefore, their total contribution…
Q: A recent government study reported that a college degree is worth an extra P150,000 per year income…
A: Given information, Extra income per year (A): P150,000 Interest rate (i): 6% Time period (N): 40…
Q: 17) A professional photographer who specializes in wedding-related activities paid $24,800 for…
A: Here we calculate the number of days per year must be employed in order to break even at an…
Q: In 1803, Napoleon sold the Louisiana Territory to the United States for $0.04 per acre. In 2017, the…
A: Average value: The normal of the relative multitude of quick estimations of a rotating voltage and…
Q: Your parents make 20 equal annual deposits of $2,000 each into a bank account earning 3% interest…
A: Interest compounding occurs within one time frame, and can also be measured on a yearly basis.…
Q: Engineering Economy Question is image The construction cost of a hydroelectric power plant is…
A: Answer. Calculation of the selling price per KWH, Let"S": In order to make the power plant viable,…
Q: A man purchased on monthly installment a Php100,000 worth of land. The interest rate is 12% nominal…
A: An equated monthly instalment (EMI) is a pre-determined monthly payment made by a borrower to a…
Q: A couple borrows $4,000 from a lending company for 6 years at 12% At the end of 6 years, it renews…
A: Given : Principal = 4000 R = 12 % N = 6 years We will use the compound interest formula : A = P (…
Q: 1. A certain annuity pays P(80+N) at the end of every 3 months. If the present value of the annuity…
A: As per the guidelines, only first question can be answered. Kindly repost the other questions in a…
Q: Your client is asking you to design a Flux Capacitor. The Flux Capacitor is expected to cost $5,200…
A: Solving questions 1 Flux Capacitor after 5 years?
Step by step
Solved in 2 steps
- 1.Find the present value of $20800 in 4 months at 12% simple interest. a)$200 b)$200,000 c)$2000 d)$20000 2.The simple interest on a $6500 loan at 15% for 9 months is. a)$731.25 b)$7312.50 c)$73.13 d)$2925 3. If we deposit $5000 in an account that pays 9% per year. Find the amount of simple interest earned during 8 months. a)$3000 b)$300 c)$360 d)$3600 4.The simple interest charged on a loan amount of $8500 for 2 years was $1275. What rate of interest was charged a)22.5% b)3.75% c)15% d)7.5% 5.What rate of simple interest will make a principal double itself in 6 years. a)16.67% b)8.33% c)33.33% d)4.16% 6.Find the present value of $20800 in 4 months at 12% simple interest. a)$200 b)$200,000 c)$2000 d)$20000Show the steps of your calculation O For example, question: a person deposits $500 to bank now, if the annual interest rate is 8%, what will be the worth of this deposit after 3 years? You need to write down F = P (F/P, i, n) – 500 (F/P, 8%, 3) memDiscount 1,650 for 4 months at 6% simple interest. What is the discount ?
- riginal price 3. Five years ago, Mary opened a savings account for a condo on the beach that earns 2.6% simple interest each year. She started the account with $550 and has not touched the account since. How much money is in the account now?You want to be able to withdraw $25,000 from your account each year for 20 years after you retire. You expect to retire in 15 years. If your account earns 5% interest, how much will you need to deposit each year until retirement to achie your retirement goals? SDraw cash flow as well !!
- What amount invested in a savings account that pays 8% interest annually is ?worth $215,892.50 after 1O yearsIf you give $1000 as a deposit for rent and it accumulates at 4% simple interest, how much money in total would the landlord have to give back to you in 3 years when you stop renting?If I want to invest my money, how long will it take (in months) $6000 to earn $120 interest (simple) at 6%?
- You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the moneyRecently, a certain bank offered a 5-year CD that eams 2.58% compounded continuously. Use the given information to answer the questions. (a) If $10,000 is invested in this CD, how much will it be worth in 5 years? approximately $ (Round to the nearest cent.)f you loan your friend $1500 today and she gives you $2000 back in four years what is your annual rate of return on this loan.