Q: Determine the exact simple interest on P 5,000.00 for the period from June 15 2015 to November 28,…
A: There are two parts one is simple interest for years and simple interest for days . Assuming that…
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A:
Q: An amortization of a debt is in a form of a gradient series of P20,000 on the first year, P19,500 on…
A: We have given Year cash flow ( end of the year) 1 20,000 2 19500 3 19000 4 18500 We…
Q: Laura wants to accumulate P150,000 in her bank account by depositing P1000 at the beginning of each…
A: This question is based on Annuities due, Annuities due are annuities that require payments to be…
Q: What is the amount of interest earned on $5,000 for three years at 8% simpleinterest per year?
A: The income earned by labor is wage and the income earned by land is rent. Similarly, the interest is…
Q: If ₱300 is earned in three months on an investment of₱12,000, what is the annual rate of simple…
A: Given that, Investment = ₱12,000 Interest earned = ₱300 in 3 months. Interest type =…
Q: A service car whose cash price was P540,000 was bought with a downpayment of P162,000 and the…
A: Given information: Price of car = P540, 000 Down payment = P162, 000 Monthly instalment = P10,…
Q: In five years, a salary of $56,000 per year with a 5% growth due to cost-of-living adjustment in the…
A: There are two cases, first in which income is received for four years and there is an increment in…
Q: A man borrowed from a bank under a promissory note that he signed in the amount of P60,000 for a…
A: Here the values given are as follows:- Amount Applied = 60000 Amount Received = 50150 Other fees =…
Q: Compare the interest earned from an investment of P50,000 for 15 years at 10% per annum simple…
A: In the question above, it is given that : Amount of Investment (P) = P 50,000 Time period (T) = 15…
Q: If you invest $2,000 every year in an account that pays 7% APR, compounded daily, how much will you…
A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…
Q: If $4,000 is invested now, $ 7,000 two years from now and $7,000 four years from now at an interest…
A: When you earn interest on a balance in an exceedingly savings or investment account, the interest…
Q: Compare the accumulated values at the end of 10 years if P100 is invested at the rate of 12% per…
A: When amount is compounded semi annually, interest rate is r/2 and number of time it is compounded is…
Q: What is the future value when $30,000 is invested for 9 months at an annual simple interest rate of…
A: The future value of an investment is the compounded value of the investment which is compounded on…
Q: At a certain interest rate compounded quarterly, P1k will amount to P5k in 10 years. What is the…
A: The amount is compounded quarterly, so the rate of interest per quarter is r/4 and total number of…
Q: Find the total amount after the investment period in semi-annual payments of 1000 pesos if the first…
A: In economics, the present value refers to the current value of a future stream of cash flow. Future…
Q: Assume that you want to retire 20 years from now. Your objective is to establish a saving fund which…
A:
Q: If ordinary simple interest is Php 2250, what is the equivalent exact simple interest?
A: Ordinary Interest refers to interest calculated at the time taken as 360 days instead of 365 days in…
Q: What is the annual rate of interest (in %) if P732 is earned in 9 months on an investment of…
A: The formula used is: SI=P×R×T100
Q: Find the present worth of perpetuity of P 6,000 annually with an interest rate of 12% annually if…
A: Present value of of perpetuity is calculated by ICFr, where ICF is the identical cash flow and r is…
Q: If you make quarterly deposits for 3 years into an account that compounds interest at 1% per…
A: Compound interest is the addition of interest being made to the principal sum of a deposit or loan.
Q: What is the effective interest rate per 6 months for a nominal interest rate of 12% per year…
A: here we calculate the present worth and effective interest rate by using the given details , so…
Q: Suppose that a man lends P50,000 for four years at 12% per year simple interest. At the end of the…
A: Given that, Initial money (p) = 50,000 Time period (n) = 4 years Simple interest rate (r) = 12%
Q: If you borrow money from your friend with simple interest of 12%, find the present worth of P20,…
A: The present value of a cash flow relies upon the premium or markdown rate and the time allotment…
Q: P10,000 for the period January 12 to September 13,2001 if the interest rate is 15%?
A:
Q: Suppose you deposited $5,000 in a bank account that pays 5.25% with daily compounding based on a…
A: Here we calculating the future worth , to know the amount would be in the account after 8 month ,…
Q: Determine the principal that would have to be invested to provide P200 of simple interest income at…
A: The interest rate is the amount charged by a lender to a borrower on top of the principal for the…
Q: What is the present worth of a P1000 annuity starting at the end of the third year and continuing to…
A: annuity amount = 1000 interest rate = 15%
Q: An amortization of a debt is in a form of a gradient series of P5,000 on the first year, P4,500 on…
A: Given: Gradient series: 1st year=P5000 2nd year=P4500 3rd year=P4000 4th year=P3500 Interest rate=5%
Q: The parents of a child decided to make annual deposits into a saving account, with the first deposit…
A:
Q: A company had replace one of its machine every five years with an initial cost of RM 18,000.…
A: Payment each month = ? Time = 5 years Interest rate = 6 % compounded monthly Monthly rate = 6 / 12…
Q: What is the present value of P500,000 to be received 20 years from now, if the principal is invested…
A: P=A(1+R)nwhere P is present value A is future value R is interest rate n is time period
Q: 6. Interest of P1,904 was charged on a loan of P6, 800 for 4 years. What simple annual rate of…
A: We have, (P) Principal = P 6800 (S.I) Interest = P 1904 (T) Time = 4 years We need to calculate (R)…
Q: What is the present value or price of a 10 year P20,000 annuity with an interest rate of 5%
A: Annuity is the series of Equal amount payment in equal interval . And it is not given that annuity…
Q: If an amount of P6,041.72 is deposited into a savings account at an interest rate of 0.187, with 8…
A: Compounding period means the time period that times interest will be calculated in a year . For…
Q: At a simple interest rate of 13% per year, determine how long will it take $7,500 to increase to 4…
A: We want want 7500 to become 30,000. Simple interest = 22,500 SI = P× R×T / 100 22500 = 7500 × 13 ×…
Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…
A: Given that: Future Worth (A) = 25000Interest Rate (r) = 8% or 0.08Time(t) = 10 months or (10/12)…
Q: Suppose that the interest rate is 10% per year, compounded annually. What is the minimum amount of…
A: Compound interest formula: CI = P(1 + r / n)nt - P Where CI is compound interest P is Principal,…
Q: A gasoline engine is available on instalment basis with a down payment of P 11,645 and P 4,158 at…
A: Answering the first one as per the answering guidelines. Formula to calculate is A = P(1+r/n)^n^t
Q: If the nominal interest rate is 5%, how much is P2,000 worth in 10 years in a continuously…
A: A = Pert Where P is principal amount r is interest rate t is time period e ~2.71
Q: The annual cost of a certain service is $41,000 at EOY I which decreases by 7.5% per year for a…
A: Given the annual cost of first-year = $41000 Interest rate, R = 7.5% g = -7.5% Time = 12 years
Q: Suppose that the interest rate is 10% per year, compounded annually. What is the minimum amount of…
A: please find the needed answer below.
Q: What payment ten years from now is equivalent to P1,000 six years from now if the interest rate in…
A: Let P is the unknown amount 10 year from now. A. Compounded Annually. P/(1+0.15)10 = 1000/(1+0.15)6…
Q: Mario borrowed $2 million to sustain his educational needs. In an effort to pay off the loan…
A: Given that Mario borrowed $2 million i.e 2,000,000 To pay off the loan in 4 years, he made 4…
Q: What is the present worth of P100 payments at the end of the third year. The annual interest rate is…
A: Amount of payment at the end of third year (FV)= P100 Annual Interest rate (r)= 8%
Q: How much will be the equivalent worth of P2M invested today for three years at a commercial of 10%…
A: Future value is the future worth of present cash flow at a certain rate of interest and time. The…
Q: If money is worth 6% compounded annually, what payment 12years from now is equivalent to a payment…
A: Given information is: Interest rate: 6% compounded annually Value of payment after 9 years:…
Q: Deposits of P35,000.00, P48,000.00 and P25,000.00 were made in a savings account eight years, five…
A: Given P1=P35000 , started at 8 year so T=8 P2=P48000 , started at 5 year so T=5 P3=P25000 ,…
Q: An individual wants to have P2,000 at the end of three years. How much would the individual have to…
A: The individual wants to have a net of ₱2000 at the end of 3 years from now. He has to pay a ₱250…
Q: Determine the exact simple interest on P 12, 000 for the period from January 16 to November 26, 2004…
A: Simple interest could be fast and straightforward thanks to puzzle out what quantity cash you owe on…
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- A man borrowed P15,000 from his friend and agrees to pay at the end of 90 days under 8% simple interest rate. How much will the man pay at the end of 90 days?A man who won P300, 000 in a lottery decided to place 50% of his winnings in a trust fund for the college education of his son. If the money will earn 14% a year compounded quarterly, how much will the man have at the end of 10 years, when his son will be starting his college education?What interest rate is applied if P34000 becomes P87200 in 300 days?
- You are planning to prepare your child to have a withdrawal of P 20,000 each on his 18th, 19th, 20th and 21st birthday. How much will you deposit as soon as your child is born? Interest rate is 5%An employee obtained a loan of P10,000 at the rate of 6% compoundedannually in order to repair a house. How much must he pay monthly to amortize the loan within a period of 10 years?How much can Sheila borrow on a credit card charging an APR of 17% over a period of 5 years if she wants to keep her payments to not exceed $300 every month end, if the credit card company compounds money on a daily basis?
- For an investment of$800 every 6 months at 6.2%/a compounded semi-annually for 20 years, what is the value of the last investment at the end of 20 years?.Find the present Value in pesos, of an annuity of P 20 000 payable annually for 8 years with the first payment at the end of 10 years if money is worth 5%.Jana invested a hundred thousand pesos in an account now. After eight years, she withdraws the principal. The remaining amount is then left for another eight years. If the interest is 5% semi-annually, what will be the withdrawable amount at the end of the sixteenth year?
- If your grandfather had deposited the money with a monthly interest of 1% instead of 12% per year, would your current money be more or less? Explain. (No Need to Calculate). Çok Satırlı Metin.If the sum P15, 000.00 is deposited in an account earning 4% per annum compounded quarterly, what will be the deposited amount at the end of 5 years?Leon and Heidi decided to invest $32500 annually for only the first nine years of their marriage. The first payment was made at age 20. If the annual interest rate is 8%, how much accumulated interest and principal will they have at age 65?