What is the interest rate per conversion period if P29,500.00 was invested at

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: Find the amount and the compound interest on Php 80,000 for 3 years at 10% per annum, compounded…

A: Given, Prinicpal amount = Php 80,000   Time = 3 years Rate of interest = 10% per annum.

Q: What is the simple interest rate of $290, 12.5%, 6 months

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Q: What is the annual opportunity cost of a checking account that requires a $300 minimum balance to…

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Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: What corresponding discount rate equivalent to 10.45% interest rate for 15 months?

A: We can find the answer as below.

Q: The maturity value of $3600 at 5% for 9 months is.

A: we  know  , the maturity  value , V = P( 1+ R)^T V – Maturity Value P – Principal Invested R – Rate…

Q: Find the interest amount of PKR 10 invested at rate of 12% for 12 years under simple interest…

A: First we will recall the simple interest formula and then use this formula to find the interest

Q: a) Nizam borrowed some amount of money from Barjaya Bank to purchase a new car. He has to repay…

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Q: A credit card has an APR of 32.47%, and its billing cycle is 30 days long. What is the credit card's…

A: Given: APR or annual percentage rate = 32.47% billing cycle: 30 days Annual percentage rate means…

Q: 3. Mocca Blanca invested P45, 000 for 2 years and 8 months and earn P12,450 interest. What was the…

A: Mocca Blanca invested P45, 000  for 2 years and 8 months and earn P12,450 interest . We have to find…

Q: Determine the exact simple interest on P150 000 for the period June 25, 2005 to September 2, 2006,…

A: When the interest is simple, the formula that to be used is I=Prt, where I is the simple interest, P…

Q: nds are due December 3: nnual interest rate, pay

A: It is given that brodie corporation acquired bonds with a par value of $600,000 for $628,800 on…

Q: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the…

A: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year.

Q: What is the annual interest rate on an account that earns $948 in simpleinterest over 36 months with…

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Q: 700 TL is borrowed on 01.01.2005 and it is expected to be repaid on 01.01.2006 as 749 TL in total.…

A: Given, Principle amount P = 700 Time period = 01.01.2006  - 01.01.2005 = 1 Year Final Amount A = 749…

Q: Given a principal of Php. 100,000 payable for 2 years at 3% compounded quarterly. What is the…

A: Consider the given principal of Php is 100,000.

Q: In order to purchase a​ home, a family borrows $55,000 at an annual interest rate of 11​%, to be…

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Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

Q: what is the simple interest on $15,000 for 3 years at a rate of 4% per year

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Q: What is the Total Return on a single share of Stock that was purchased for $10, sold 3 years later…

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Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Given Information P=$250,000 R=9% T=120 days=0.33 year we have formula : Interest = PRT100 Ordinary…

Q: Calculate the simple interest earned in 1 year on a deposit of $1900 if the interest rate is 8%.

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: What is the simple interest on ₱12,500 at 8% for 9 months?

A: Formula for simple interest is as follows : I = P×R×T Where , P  is principal amount. R is Interest…

Q: Over the previous period, your company had accounts receivable of $95,800 and credit sales of…

A: Given accounts receivable=$95,800 credit sales= $573,229.51 to find out: average collection period=?…

Q: A man borrowed P10,000.00 from his friend and agrees to pay at the end of 90 days under 8% simple…

A: # Given: principal amount P=10000  rate of interest r=8%   then to find amount to be paid at the end…

Q: What is the monthly payment for $14000 loan for 5 years with an annual rate of 3.6%? Round to the…

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Q: How much is the interest that will be paid on a P25,000 loan that was made on May 1, 2002 and repaid…

A: Given : P=25000 r=8% n=calculated below

Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: the yield to maturity for uired rate of return is 1:

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Q: assume the $11,700 treasury bill, 6% for 12 weeks. calculate the effective rate of interest. (use…

A: Given that, the $11700 treasury bill, 6% for 12 weeks.

Q: What is the total annual dividend received from owning 100 shares of stock A, if Company A issues a…

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Q: What is the actual rate paid by the treasury dep

A: If investing principal amount P, for t years at a discount rate r we get discount value I, then we…

Q: Mr. Uy, an entrepreneur, invested ₱ 5, 000, 000.00 in a financial institution.How long will it take…

A: The principal amount invested is P= 5000000 The amount A= 10000000 Therefore the interest accrued is…

Q: You bought a bond with 8% coupon rate, 10 year maturity, and $1000 par value for $1,039 one year…

A: We have coupon rate =8% Coupon Amount = face value×coupon rate=$1000×0.08=$80 Total return = (Income…

Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Interest = PRT/100 Ordinary interest has 360 days per year.

Q: A payment of R150 000 due in 30 years' time is purchased from a company by means of level monthly…

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Q: Marit Brunsell deposited $60,000 at Bank of America at 16% interest compounded quarterly. What is…

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Q: 2. In what time wilI Php. 875.00 double itself at the rate of 7% simple interest?

A: We will find out the required value.

Q: Chunong ngo borrows 2400 from a bank that advertises a 7% simple interest rate and repays the loan…

A: Let the given values as Principle, P=2400 Number of repayments = 4 Simple interest rate, r=7% Use…

Q: A certain corporation purchased a machine for plastic lamination of posters for 720,000. At the end…

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Q: Rosita earned $ 84.55 interest over the period of 146 days on a term deposit with a principal of…

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Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

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Q: A man is required to pay P57,500 at the end of 15 days and for P60,000 at the end of 60 days.…

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Q: What annual interest rate is earned by a 11-week T-bill with a maturity value of $1,500 that sells…

A: Future  value equation is  F=P(1+i)n, where F stands for future value of a product. P stands for…

Q: to the nearest cent.) $550 is deposited monthly for 14 years at 3% per year

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Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: 1. At 10% interest rate, how much should you invest today to be able to withdraw Php10,000.00…

A: Given Future value=10000 Yearly invest rate (r) =10%=0.10 Total number of years (n) =10