19. The amount of machine worth P2,600 is borrowed 16% simple interest. Find the amount after 10 months. 20. Find the amount of P25,000 after 4 years if simple interest is 14%

Q: A deposit of $495 earns 3% p.a. interest compounded monthly, how much money will be in the bank…

A: Given information, Principal amount (P): $495 Interest rate (r)= 3% Compounding period (m): 12…

Q: Jimmy deposits $ 3,400 now, $ 2,900 3 years from now, and $ 6,000 6 years from now. Interest is 6 %…

A: Ans A) Jimmy deposits $3400 now, $2900 3 years from now, and $6000 6 years from now therefore Future…

Q: Show the steps of your calculation O For example, question: a person deposits $500 to bank now, if…

A: The objective of this question is to calculate the future value of a deposit made today, given the…

Q: As part of your retirement planning, you purchase an annuity that pays 4 % annual interest…

A: Annuity- A regular payment may be a contract between you associate degreed a nondepository financial…

Q: Year End-of-Year Payment 1 2 3 4 5 $1400 a. $7616 b. $7660 c. $7212 d. $5995 $1320 $1240 $1190 $1000…

A: The given series can be represented by the following cash flow diagram:Future value: Future value is…

Q: Annabelle loaned a certain amount from ABC bank. She agrees to pay P5000 at the beginning of each…

A: Pay = 5000 time Period = 6 years. interest rate = 10% compounding quater

Q: If you give $1000 as a deposit for rent and it accumulates at 4% simple interest, how much money in…

A: $1000 is as deposit or securities for rent and it earns 4% simple interest . As long as tenant pay…

Q: Lany borrows money from a bank and promised to pay P5000.00 after 12 months. How much money did he…

A: Part-1) Given that: Future value (FV) = P5000 Time (n) = 1 year (or 12 months) Interest rate (i) =…

Q: A 5-year bond with a yield of 6% (continuously compounded), with a face value of $100, pays an 3%…

A: Bond Price = C(1-(1+r)-n/r ) + F/(1+r)n Here, C = Coupon payment = 3 F = Face value = 100 r = 6% =…

Q: A company plans to buy a new delivery truck for pizza delivery for $30,000 which will generate…

A: Purchase Price = $30000 Revenue per year = $5000 Maintenance every six month after 5th year = $500…

Q: homeowner planning a kitchen remodeling can afford a $700 monthly payment. How much can the…

A: Given,   R = $700  Time = 5 years  Rate (r) = 9%

Q: You purchase a car today using a loan of $19000o APR 6%. plan is to pay during 5 years with equal…

A:

Q: Mr. Cruz invested P 20,000 for 1 year at 12% compounded monthly. At the end of 1 year, he reinvested…

A: P = 20,000 r = 12% = 0.12 t = 1 year n = 12 Compounded monthly = P(1+r/n)nt…

Q: Determine the present worth of annuity consisting of 6 payments of 120,000 each payment are made at…

A: Annuity: An annuity could be a series of payments, or cash flows, paid at regular intervals (e.g.,…

Q: Tom makes annual payments of $12,204.21 per year on a loan. The loan was set at $42,000 at an…

A: Tom makes annual payments of $12,204.21 per year.The initial loan amount is $42,000.The interest…

Q: 500 is invested in an account each month. nonthly, what is the account balance after 3

A: Compound interest is used to calculate loan or deposited amount. Given that, Starting amount is…

Q: If you borrow $12,000 at 20% interest rate for 5 years, what is your ordinary simple interest in…

A: Simple Interest refers to the money that is paid only on principal. Principal is the money that is…

Q: nterest rate... How much do you need to deposit in an account today in order to have $11,000 in…

A: Every commercial bank decides its Annual Percentage Rate (APR) range based on the interest rate set…

Q: Question:   Calculate the compound interest on 30,000 TL at 7% annual interest in 3 years. Find…

A: Given, Principal (P)= 30,000 TL Annual interest rate (i)= 7%  = 0.07 Time (t)= 3 years Compounding…

Q: 3. Find annual payment to extinguish a debt of P10,000 at interest rate of 12% compounded quarterly?…

A: Value of debt (P) = P10,000The rate of interest is 12% compounded quarterly. Required: The value of…

Q: Mia is 27 years old and he saw a bank offering a time deposit plan with 6% interest. Shee does not…

A:

Q: The annual interest rate on a credit card is 13.99%. If the minimum payment of $10 is made each…

A: An intеrеst ratе is thе cost of borrowing monеy or thе rеturn on invеstmеnt еxprеssеd as a…

Q: Money deposited in a certain account for which the interest is compounded continuously. If the…

A: Compound interest means the interest is generating in the previous interest also.    Formula to find…

Q: Example 1: EOY NCF ($) 1 100 2 150 3 200 4 250 Calculate the present worth when interest rate is…

A: Following are the given information: Value of G = $50 Annuity, A= 100 Interest rate = 8%

Q: You are planning to prepare your child to have a withdrawal of P 20,000 each on his 18th, 19th, 20th…

A:

Q: Suppose that Rajiv borrows $50,000 at 5% per year to purchase equipment for his business. Complete…

A: Compound interest is the interest which is calculated on the initial principal, and it also includes…

Q: On June 3, 2022 Fred loaned 198143 in a bank. It was agreed that he will pay the amount with 11.2%…

A: Introduction BANKERS RULE The rule used to calculate simple interest when applying the United…

Q: If you deposit dollar 10000 into a fund paying 6% interest compounded monthly. how much can you…

A: Given the present value in the fund = 10000 Interest rate = 6% Monthly interest rate = 6%/12 = 0.5%…

Q: Edward wants to take a long trip around Europe 7 years from now. He estimates that he will need…

A: To arrange the $12000 for future trip after 7 years if he chooses to invest in stock portfolio that…

Q: At a certain interest rate compounded quarterly, 2500 will amount to 10500 in 7 years. What is the…

A: The formula to calculate the amount is given by: A = P1+r/41004nwe divide the rate of interest by 4…

Q: How many years will it take an investment to double if the interest rate is 8.4% compounded at the…

A: The formula for effective interest rate per year is i=1+rmm-1 where m is the reciprocal of the…

Q: How can we calculate the effective interest rate, altering the period value?altering the period…

A: The effective interest rate refers to the rate of interest that is paid on an investment or loan or…

Q: You want to be able to withdraw $25,000 from your account each year for 20 years after you retire.…

A: Annuity is a series of cash flows (generally equal in nature) made or received at equal intervals,…