6. Interest of P1,904 was charged on a loan of P6, 800 for 4 years. What simple annual rate of interest was charged on the loan?

Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.

You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the money

You are saving money to buy a car. If you save $290 per month starting one month from now at an interest rate of 6%, how much will you be able to spend on the car after saving for 5 years?

Show Solution. Topic: General Annuity 2. Find the present value of an annuity which pays P2,700 at the end of every 3 months for 6 years, if money is worth 18% compounded monthly?

If a person deposit 2000$ in his saving account for 10 years at interest rate of 10%. How much money he will get after 10 years, calculate the value using compound interest formula.

Q3

If the income in Mexico rises, all else the same, what will happen to the US exports to Mexico? Select the correct answer below: exports will increase exports will decrease exports will remain unchanged it cannot be determined

How much money would you need to deposit today at 6.36% annual interest compounded monthly to have $108778 in the account after 8years?

If a person deposit 5500$ in his saving account for 6 years at interest rate of 9%. How much money he will get after 6 years, calculate the value using compound interest formula. Select one: a. 9450$ b. 9248$ c. 9224$