If 5000 dollars is invested in a bank account at an interest rate of 4 percent per year,

Q: If you deposit $4500 at 5% annual interest compounded quarterly, how much m oney will be in the…

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Q: By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it…

A: The compound interest is given by:

Q: Mr. Chua had a P50,000 business loan that is to be paid for 1 year. If the interest rate is 10%…

A: Solution :-

Q: Find the least amount that could be deposited in a bank account today at 10% compounded quarterly to…

A: To  find the present value of the annuity as follows.

Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: What lump sum must be invested at 8%, compounded quarterly, for the investment to grow to $30,000 in…

A: we will useA =P1+rnntGiven A =$30,000r =0.08n=4      (quaterly)t =12 years

Q: The payment of 500 php is to be made at the end of every 6 months. How much is its future value…

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Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

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Q: )If the same two $15,000 deposits are made (at time 0 and end of year 4) into a different account…

A: Principal amount= 15000$ Intrest = 8.4 Compund intrest quarterly.

Q: No payments were made on a $2,598 loan during its three-year term. What was the annually compounded…

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Q: Suppose that the total interest that will be paid on a 25-year mortgage from a home loan of $130,000…

A: The loan = $ 130,000Interest is = $ 380,000Total loan and the interest= ( 130,000 + 380,000)= $…

Q: What is the simple interest rate on a $1350 investment paying $319.82 interest in 10.3 years?  %…

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Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

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Q: How much should be deposited in an account paying 6% interest compounded monthly in order to have a…

A: For compound interest, we use this formula: A=P1+rnnt A is the final amount of money P is the…

Q: If $500 is deposited in an account paying 8.4% annual interest, compounded semiannually, how long…

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Q: If $13,376.39 was the interest earned on lending $87,000.00 for 4 years, what was the quarterly…

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Q: what is the simple interest on $15,000 for 3 years at a rate of 4% per year

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Q: What is the interest rate compounded quarterly if 2,500,000 pesos is invested and the amount became…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $361 per month…

A: The future value formula isFV=PMT(1+i)n-1iwhere FV = Future value PMT = Periodic paymenti = rate of…

Q: A man inherited a regular endowment of ₱ 100,000 every end of 3 months for n years. However, he may…

A: Given Amount A=P100000period n=n years=4n quarters.i=14%=14100×14=0.035 quarterly

Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

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Q: In order to accumulate enough money for a down payment on a home, a couple deposit $300 per month…

A: Given, PMT = 300 r = 6% = 0.06 m = 12 t = 5 i=rm=0.0612=0.005 n = mt = 12(5)=60

Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

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: If John invests $2300 in a savings account witha 6% interest rate compounded annually, how long will…

A: To find the no of years

Q: By the conditions of a will, the sum of P25,000 is left to a girl to be held in a trust by her…

A:

Q: If the interest on an account is compounded monthly for 5 years, how many total times will it be…

A: Given that interest is compounded monthly. Then, for one year it is compounded 12 times. Number of…

Q: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: if $120 double in approximately 11 years, what is the interest rate

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Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

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Q: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

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Q: If $5,700 is loaned for 16 months at a 12% annual rate, how much interest is earned?

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Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

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Q: How much should a $10,000 facevalue, zero-coupon bond, maturing in 10 years, be sold for now if its…

A: Face value =$10000number of years, n=10rate of interest, r=8%=8100=0.08

Q: Suppose that a person deposits $10,000 in a savings account at a bank yielding 11% per year with…

A: The compound interest formula : A=P1+rnnt, where , A= Final amount P=Principal or Initial…

Q: If a credit union awards interest of 8 percent per year compounded semiannually, what amount must be…

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Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: An account starts with $1,000, and pays 100 percent interest per year. If the interest is credited…

A: If the interest is computed and credited more frequently during the year, the value of the account…

Q: If $3,300 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…

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Q: Suppose you deposit $5,000 into an account earning 5% per annum. How many years will it take for…

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Q: If saving account awards interest of 3 percent per year compounded semiannually, what amount must…

A: In case of interest compoundedly semiannual Rate = annual rate/2 Time = 2* annual time Hence rate=…

Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: If you were to invest $400 at 3% interest compounded annually or each year, what would be your…

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Q: How much will deposits of $35 made at the end of each month amount to after 15 years if interest is…

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Q: If 15,000 is to be accumulated to50,000 in 5 years, what is the ratecompounded (A) quarterly? (B)…

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