Q: If an amount of $9000 is borrowed at an interest rate of 24% per year for 12 years, how much is the…
A: Simple interest is calculated by multiplying the principal by interest and given years.
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A: Number of years refers to the time period for which the investment is paid. Sometimes, the period of…
Q: If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously,…
A: We need to use the formula of continuous compounding belowA=P(e)rn where A=future valueP=present…
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A: FV = PV * (1 + i/n)^(n * Years) Where FV = Future Value = $18276.04 PV = Present Value = $15000 i =…
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A: The amount of investment can be calculated by discounting the future value using the appropriate…
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A: Since compounding is annually and we have to find the interest earned for 12 months, formula would…
Q: calculate the amount of payments
A: Payments: Payments are the amounts that are used to settle the borrowings from any financial or…
Q: "If a loan of 1 million is made for 7 days at a rate of 5% per annum, how much interest would be…
A: p = $1000,000 d = 7 days r = 5%
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A: The Present Value of an investment is the present worth of a future amount to be received at a…
Q: If you deposited $18000 and the bank is paying 7% interest compounded monthly, how much would be…
A: We know that the formula to calculate the accumulated value of cash flow is C*(1+r)n, where C is the…
Q: If you invest $7,500 in an account paying 8.35% compounded continuously, how much will be in the…
A: In the simple interest, we calculate the interest amount which we will receive after the specific…
Q: A sum of P1,000 is invested now and left for eight years at which time the principal is withdrawn.…
A: We will use the concept of time value of money here. The concept says that money earns interest and…
Q: What is the present equivalent of $ 180,000 to be received in 15 years when the interest rate is 7%…
A: Time value of money (TVM) means that the amount of money received in the present period will…
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A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: onths on an inve
A: Given , Earned= 265, Investment= 20,000.
Q: At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years?
A: We use rate function to calculate interest rate
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A: Time value of money (TVM) means the amount of money received in the present period will have more…
Q: If $6000 is invested in an account. After three years, the account has $7500 in it. If money is…
A: Question is based on the concept of Time value
Q: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…
A: Given: Present value = $19,000 Interest rate = 5% Years = 9
Q: What is the annual rate of interest if P265 is earned in four months on an investment of P15, 000?
A: Interest amount = P 265 Period = 4 Months = 4/12 = 1/3 Years Investment = P 15000
Q: Suppose that you can pay 15,000,000 VND per month for the next 30 years. What is the largest loan…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: If a firm borrowed $500,000 at a rate of 10% simple interest withmonthly interest payments and a…
A: Given data; Principal amount = $500,000 interest rate = 10% First we will calculate interest…
Q: At what interest rate must $112,000 be inves that it will be worth $392,000 in 14 years?
A: Future value consist of interest and future value of the investment. Money grow with time and…
Q: What is the effective rate of interest
A: In this case first the quarterly interest rate would be calculated and from quarterly interest rate,…
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A: Given information: Present value $200,000 Annual interest rate is 8.5% Number of years is 1
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A: Hi student ! Requirement is assumed.
Q: If a firm borrowed $500,000 at a rate of 10% simple interest with monthly interestpayments and a…
A:
Q: If you invest $900 in a bank in which it will earn 8 percent compounded quarterly, how much will it…
A: PV = $ 900; r = 8% compounded quarterly; m = frequency of compounding = 4 (as there are four…
Q: How much money should a company deposit into an account now so that they will have $50,000 in 6…
A: The present value of a cash flow is the current worth of a cash flow at a certain rate of interest…
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A: Present Value refers to the value of cash flows today which is to be received at some future time…
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A: Interest is the fee paid to investor for investing funds over a period of time. It is the…
Q: Suppose that a savings account attracts an interest rate of 1.6% per annum. How much would need to…
A: Present value means the current value of future money or cash flow given a specified rate of return.…
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A: We need to use present value of annuity formula to calculate cash payment Cash payment(PV)…
Q: If $5,000 is borrowed today and $8,955 is paid back in 9 years, what interest rate compounded…
A: Here, Borrowed Amount (PV) is $5,000 Paid Back Amount (FV) is $8,955 Time Period is 9 years
Q: If a company invests $10,000 at 7% simple interest for 20 years, how much will it have at the end of…
A: Formula: Future value = Amount + Interest Future value = $10,000 + ($10,000*7%*20) Future value…
Q: You make an investment into a money market account at time T=0. In year T=5, the value of the money…
A: Given: Time period: 5 years Future value: $5000 Rate of interest: 5% compounded quarterly To…
Q: Calculate if $10,000 is invested at interest rate of 12% per annum, what is the amount after 3 years…
A: The provided information are: Present value (PV) = $10,000 Interest rate (r) = 12% = 0.12 Number of…
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A: The present value is the value of the sum received at time 0 or the current period. Given…
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A:
Q: How much would a company have to invest now in order to sufficiently provide for annual payments of…
A: Solution:- Calculation of the How much would a company have to invest as follows under:-
Q: A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.…
A: Invested amount (P) = P 1,000 Period for first withdrawal (N1) = 8 Years After 8 years withdrawal…
Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
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A: The present value of annuity due is the present value of a series of cash payments that are expected…
Q: at is the present worth and future of P6000 deposited at the end of every month for 4 years if the…
A: The more is compounding more is future value and less is the present value of money due to the fact…
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- You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.If the bank quotes a loan APR of 9% per annum, compounded monthly, what do you have to pay back in 1 year if you borrow $100 from the bank?
- Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns 14.00%. How much will the account be worth 14.00 years from today?if you deposit 55,650 in a bank at 12% interest for a period of ten years what will be the feuture value?12. If you borrowed P 10,000.00 from a bank with 8% interest per annum, what is the total amount to be repaid at the end of one year?
- If you deposited $18000 and the bank is paying 7% interest compounded monthly, how much would be your account at the end of two year and 2 months?Suppose you take on a loan that is subject to an annual interest rate of 12%, with the interest rate being calculated at the end of each month. Two years later you pay back the loan in full by making a payment of $1,020. What was the original amount of the loan?If the bank is paying 12% interest compounded semiannually, how much must you deposit today in your account if you wish to have $18,000 at the end of two years?
- How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the discount rate is 9%. How much is the proceeds after deducting the interest?You borrow 112000 for 10 years from a bank in order to renovate your flat. The effective interest rate charged by the bank is 7.6% per annum. The loan is to be repaid by level annual repayments, paid in arrears. Calculate the annual repayment. Give your answer to two decimal places.What is the total interest paid on a loan of $5,000 at APR = 10% for one year.