Describe the difference between simple and compound interest.
Q: ABC University anticipates additonal expenses of P367,800.00 for a new equipment needed for offering…
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Q: A guy named Stranger Thing can afford to pay $545 each MONTH for the next 6 years to pay towards a…
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Q: What is the annual percentage yield of 14% compounded quarterly? APY= _________%
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Q: What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per annum?
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Q: Karine invests $6,100 in an account with an annual interest rate of 4.5% compounded daily for 2…
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Q: at simple what interest rate per annum will P20,000 accumulate to P25,000 in 3 years?
A: Given Amount(A) = 25000 Principle(P) = 20000 Time(T) = 3years
Q: What is the total compounding period for 3.5 years compounded monthly?
A: Answer : Given, compounded period 3.5 years . Then we have to find compounded…
Q: Determine the equivalent effective interest rate of the 20% nominal interest compounding ona monthly…
A: Given, Nominal interest rate( i )=20% =0.2 n=12 ( i.e. monthly compounded in a year means 12…
Q: A student borrows $1500 for 1 year at 4% simple interest. What is the interest after 1 year?
A: Given that a student borrows $1500 for 1 year at 4% simple interest. We need to find the interest…
Q: Find the effective rate to the nearest hundredth for nominal interest rate. 7% compounded quarterly
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Q: 4. Describe the difference between simple and compound interest.
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Q: What is the present value of an investment at 5% annual simple interest if it is worth $1250 in 18…
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Q: Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…
A: Suppose you deposit $1000 in a college fund that pays 7.2% interest compound annual. Find the…
Q: What are the future value and the interest earned if $3000 is invested for 6 years at 8% compounded…
A: The future value of an amount P invested at interest rate r (in decimals), compounded n times per…
Q: Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…
A: Given: Principle amount (P): $5,000 Rate of interest (R): 6% Time period (t): 5 years Compound…
Q: Use the compound interest formula to compute the total amount accumulated and the interst earned…
A: Effective semi-annual interest is equal to 4% So the total amount after 3 years or 6 semi-annual…
Q: Find the effective rate of interest.; For 6% compounded monthly
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Q: Determine how much time is requiredfor an investment to triple in value if interest is earned at the…
A: Let P be the principal amount, then the triple amount of P is 3P. Given r = 5.75 % = 5.75100 =…
Q: find what simple interest rate will be necessary for sonny to get a 50% return on a $500 investment…
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Q: Find the effective rate of interest.For 5% compounded quarterly
A: Effective interest rate is the equivalent annual interest rate compounded annually which is…
Q: If the difference between ordinary and exact Interest is $ 3, find the ordinary interest?
A: Assume x= number of days in a loan period. So, ordinary and exact interest will be,
Q: Determine the simple interest rate at which $2400 will grow to $2585 in 10 months. (Round your…
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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: What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years?…
A: We have to find the interest rate.
Q: What is the annual percentage yield of 5% compounded quarterly?
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Q: What is the accumulated amount and interest earned if $300 is invested at the end of each month into…
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Q: Find how much should be invested to have $16,500 in 9 months at 9.7% simple interest.
A: It is an important part of statistics . It is widely used .
Q: What is the interest rate compounded quarterly if P 2,500,000.00 is invested and the amount became…
A: Formula: The compound interest formula is given below: A=P1+rnnt, where A-final amount, P-Principle…
Q: What is the annual percentage yield of 14% compounded monthly? APY= ________ %
A: Solution: In the given we have to find the annual percentage yield of 14% compounded monthly.
Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…
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Q: Determine how much time is requiredfor an investment to triple in value if interest is earned at the…
A: Let the initial amount be A0. Let At be the amount of money at a time t. According to the given…
Q: Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…
A: Amount=P1+r100tcompond quarterly t become t/4 and r become…
Q: 4. What is the difference between simple interest and compound interest?
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Q: no given value so i was thinking of doing 1000? =3p a little confused
A: Take the present value as P, so the future value will become 3P. A(t) = P[1+r/n]nt P= present value…
Q: What simple interest rate will convert a $200 investment into $220 in one year?
A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is…
Q: effective interest rate per quarter
A: Effective Rate of interest: This is the total interest urn on Rupee one in a year even though the…
Q: You have an interest rate of 7.25% compounded 2 times per year on an investment. What percentage is…
A: We need to find percentage added per period.
Q: Describe the difference between simple interest and compound interest. As an investor earning…
A: Explanation: A simple interest is the interest that strictly on the principle amount while a…
Q: Suppose you saw a sign at your local bank that said, "5.3% rate compounded semiannually – 5.5%…
A: Given the data :
Q: What is the relationship between the geometric average rate of return and compound interest?
A: The geometric average return formula (also known as geometric mean return) is a formula for…
Q: Compare the final amounts at the end of a year of $100 invested at 5% in two ways: simple interest…
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Q: Determine the simple interest rate at which $1200 will grow to $1276 in 8 months. (Round your answer…
A: Given: -
Q: MA1B What is the difference between simple interest and compound interest?
A: What is the difference between simple interest and compound interest?
Q: Find the present value of $ 10,000 at a simple interest rate of 5 % in 12 years ? (write the answer…
A: Given: Amount A = $10,000 rate r = 5% no. of years t = 12 To find: present value P=??
Q: mal interest rate compounded
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Q: What is the annual percentage yield of 18% compounded daily? APY= _________%
A: In the given we have to find the annual percentage yield of 18% compounded monthly.
Q: Find how much should be invested to have $27,500 in 8 months at 6.7% simple interest.
A: From the given information. The total amount is $27500. The time period is 8 months. The annual rate…
Q: Find the balance in the account after the given period. $2000 principal earning 3% compounded…
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Q: A bank offers 7.5% interest compounded monthly. What is the annual percentage yield (APY)?
A: Given A bank offers a 7.5% interest compounded monthly. Here r=0.075 k=12
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