Determine the exact simple interest of Php 4,000 for the period of Feb. 14, 1984 to November 30, 1984, if the rate of interest is 18%,

Q: What interest rate was applied if a loan of ₱65,468 will amount to ₱125,000 borrowed for 2.5 years…

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Q: A deposit of Php 1,000/month in a bank giving 6% interest compounded monthly for two years. He…

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Q: A woman plans to place a single sum in a certificate of deposit account with a guaranteed interest…

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: If money is worth 9% compounded annually, find (a) the present value of Php 24,000 due in 8 years…

A: Given that: Money worth 9% compounded annually. Future amount : Php 24000 Time : 8 years

Q: Determine the total accumulated interest of money worth Php100,000.00 borrowed from January 27,…

A: We have to find the total accumulated interest of money.

Q: How much is the total interest on Mr. Marc Pogi's loan? * O 1,476,237.922 O 1,154,024.752 O…

A: answer : option a) 1,476,237.922Note* in solution I have calculated the approximate values so the…

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: e exact simple intere

A: Given,  ¥10,000 for the period of January 25 to June 16, 1997, if the rate of interest is 15%.

Q: Find the future value of Php 2,000 after one year at 3% interest rate compound a. quarterly b.…

A: We can find the answers as below.

Q: Find the compound amount on a loan of php 85,000 at 6% for 5 years compounded quarterly.

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Q: What annuity over a 10-year period at 8% interest is equivalent to a present worth of 100,000.00

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Q: 3. Find the amount of annuity of Php 2,500 payable every end of 6 months for 8 years with an…

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Q: Determine the accumulated amount using exact simple interest on P1,000 for the period from January…

A: Given: P= P1, 000 i=15%

Q: If Php 5, 000 borrowed at an annual simple interest rate at 15% has to be repaid in 12 months, find…

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Q: Suppose that a payment in three years of 11000 dollars has a present value of 8422.34 dollars. What…

A: This is compounding problem

Q: What lump sump of money must be deposited in a bank account at present time so that Php 500 monthly…

A: The complete solutions are given below

Q: Calculate the compounded amount if Miya deposited Php 30,000 in a bank which pays 8% compounded…

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Q: An engineer deposited Php 6,000 every three months at 10% compounded quarterly. Compute the lump sum…

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Q: a) Sara deposited RM2,800 in an account when she was 15 years old. The simple interest rate offered…

A: Given problem Given that   a) Sara deposited RM2,800 in an account when she was 15 years old.…

Q: how much will amortize a product with a down payment of 3,000 Php for a monthly payment payable for…

A: Given Price = 21,000 and 15% discount  time = 2 years

Q: A yearly payment of ₱50,000 is due at the start of each year for 10 years for an insurance worth…

A: Let the yearly rate of interest be r% per annum. It is given that a yearly payment of ₱50000 is made…