Chi Tang, a businessperson from Taiwan, deposits 25,000 yuan in a mutual fund with bonds managed by Bank of America that is expected to pay 6% compounded semiannually.  Find the balance in the account after 4 years.

Q: Ava deposited $1,300 in a savings account at her bank. Her account will earn an annual simple…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: Mr. Mendoza wants to know the effective interest rate of his 435,000 bank loan with nominal interest…

A: Loan Amount = 435,000 Nominal Interest Rate = 4.7%  compounded semi-annually

Q: Michael Perez deposited a total of $3000 with two savings institutions. Bank A pays interest at the…

A: Total amount deposited = $3,000Bank ALet Amount deposited in Bank A be P.Annual interest rate = 6%…

Q: vince has just opened an 18-month certificate of deposit on which interest compounds daily. he…

A: Certificate of deposit refers to a savings account that pays a fixed rate of interest for a definite…

Q: John signed a 90-day note with a face value of $6,000 and a discount rate of 14.57%. How much did…

A: Ordinary time means day convention of 360 days. Here, the proceed or amount received from bank is…

Q: A person deposited every 6 months ¢ 50,000.00 in an account that paid him 16% interest, convertible…

A: Semi-annual payment = ¢ 50,000.00 Interest rate = 16%  Time Period = 20 Years

Q: Rosa borrowed P32297 from a bank at 11.93% simple interest for 3 years and 6 months. How much did…

A: Simple interest refers to the interest that does not take into account the factors of compounding.…

Q: On November 1, Suzy made a single deposit of $5,000 into an investment account that earns interest…

A:

Q: Deepika deposits $10000 into her savings account that earns 7% per annum compounded annually for…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Cardo borrowed money from a local cooperative. He received P18,420 but promised to pay P20,000 in…

A: Present Value = 18,420 Future Value = 20,000

Q: Michael Perez deposited a total of $2000 with two savings institutions. Bank A pays interest at the…

A: Interest refers to the cost of borrowing money or the return earned on invested funds. When someone…

Q: A recent college graduate got a good job and began a savings account. He authorized the bank to…

A: Amount of the present cash flows at a given rate when computed by the future value (FV) factor gives…

Q: A woman deposited $ 10,000 into her bank account. The money remained in the account for 10 years.…

A: Compound interest is referred as the interest which is calculated on principal amount which involves…

Q: A friend of yours borrows $19,500 from the bank at 8% annually to be repaid in 10 equal annual…

A: Accumulated interest paid:Accumulated interest paid is the comprehensive sum of interest accrued and…

Q: 1. Buchoy deposits Php10 000 in a bank that pays 4% compound interest annually. How much money will…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Antonio borrows $3,358 from the bank for 4 years at an annual interest rate of 7.08% compounded…

A: Variables in the question:PV= $3358N=4 yearsRate=7.08% (compounded quarterly)

Q: Rahma borrowed OMR 600 at the rate of 12% from Bank Dhofar for 6 years. Find the interest she will…

A: Given taht, Loan amount = OMR600 Rate of interest = 12% Number of year for which loan has taken =…

Q: Anita put up a bank account with an initial deposit of 25, 000. After six months, she deposited…

A: Simple interest is applied directly on the principal amount. The formula for calculating simple…

Q: A year ago your Aunt Sheri deposited $ 1 comma 000 in a bank account. One year later, there was $ 1…

A: To find the Annual Percentage Rate (APR) compounded monthly, we can use the formula for compound…

Q: Dave borrowed $1,300 on January 1, 2022. The bank charged him a $5.00 service charge, and interest…

A: When a borrower takes out a loan from a lender, they are required to pay interest on the borrowed…

Q: Adrian received the proceeds from an inheritance on May 14. He wants to set aside enough on May 15…

A: Simple interest is calculated directly on the given principal amount. The formula for calculating…

Q: Mr. Dalisay applied for a bank loan with a principal of P150,000 to be paid after five years in…

A: The amount of proceedings will be discouraged value of money today of future principal amount to be…

Q: how much money is requested from the bank if the simple interest rate is 9.766% a. 36,857.114 b.…

A: Simple interest refers to the amount paid by the borrower to bank on the amount borrowed at a fixed…

Q: Joaquin deposits $400 at the end of each month into his bank account. The bank account pays 13.2%…

A: The difference between the future value and present value of money refers to the concept of the time…

Q: On April 1, 1998, John opened a savings account with a nominal interest rate of 3.4% payable monthly…

A: Quaterly deposit in investment fund is $400 Interest rate of quaterly fund is 4.6% payable quaterly…

Q: John deposits $2,000 in the first year, $800 in the second year and $600 in the third year to WMW…

A: future value formula: future value = present value×1+rateyear

Q: Avril deposited $800 in his bank at 1.5% for five years. Use the simple interest formula to…

A: INTRODUCTION Simple interest is calculated by multiplying the interest by the Principal amount.…

Q: Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past…

A: Interest charges are the amount of cost and charges paid for the amount borrowed either for personal…

Q: eila borrowed PhP 60,000 with an interest of 3% from her collegue on January 15 and then she agreed…

A: Simple interest is the interest calculated on the principal portion of a loan.

Q: Will borrowed$1205 from his bank for 16 months using a 4.1%discount note. Determine how much…

A: The amount of money invested over a period of time with the assumption of investment growth at a…

Q: Jason borrowed $2,500 on March 1 from a bank and promised to pay back the money in 90 days at 6%…

A: Amount borrowed “P” = $2500 Number of days “n” = 90 Stated rate of interest = 6%

Q: Mr. N. invests $5,000 in a certificate of deposit (CD) at his local bank. Hereceives 2 percent…

A: RATE 2% YEARS 5 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $5,000

Q: Jennifer deposits $1000 into a bank account. The bank credits interest at a nominal annual rate of i…

A: First we need to calculate interest rate bu using future value formula below.FV = PV*(1 + i)n FV =…

Q: Katie invested $191 for 16 months in a bank and received a maturity amount of $209.50. If she had…

A: Question 1:Interest earned = Maturity amount - Invested amountInterest earned = $209.50 - $191 =…

Q: Ariells borrows 400.000 at i-.03. She repays this loan by paying off only the interest due at the…

A: Annual Equivalent Rate: AER represents the actual interest rate on a savings account or on a loan…

Q: Mark and John started investing at the same time. Mark makes payments of $20 at the end of each week…

A: Future value refers to the value of the investment at a future date. This includes the principal…

Q: Zoey signs a note to repay $10,000.00 plus 8% interest in 1 year. Four months before the note is…

A: Zoey'took debt for a value of $10,000 which he needs to repay with 8% interest. Here, we need to…

Q: Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the…

A: Annuity = a = $1300 Time = t = 26 years Interest rate = r = 8%

Q: Kween Yazmine's mother borrowed Php35,000 to fix their car. The bank charges 5% interest for two…

A: Borrowed amount (PV) = Php 35,000 Interest rate (r) = 5% Period (n) = 2 Years

Q: James deposited $500 in his bank at 4.5% for 90 days. Use the simple interest formula to calculate…

A: Introduction: In simple interest, interest is paid only on the initial investment amount i.e. no…

Q: Mr. Tan call his resident wife and deposited P100,000 to their joint account and the P100,000 is to…

A: NOTE : As per BARTLEBY guidelines, when multiple sub parts of question are given then first three…