Over a period of nine months, $35.67 of simple interest is earned at 1.75% per quarter. Calculate the principal for total amount for this investment. Select one: a. $69.56 b. none c. $77.51 d. $715.10
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- Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal NominalRate (%) InterestCompounded Compound InterestEarned in 1 Year Annual PercentageYield (APY) $6,000 12 semiannually $ %A loan of $2982 is repaid in three years. Find the amount of interest paid on the loan if it is compounded quarterly at 10%. Select one: a. $4010.46 b. $2217.28 c. $894.60 d. $1028.46Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Compound Interest Earned in 1 Year Annual Percentage Yield (APY) Nominal Interest Principal Rate (%) Compounded $32,000 12 monthly 24
- 4.Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal NominalRate (%) InterestCompounded Compound InterestEarned in 1 Year Annual PercentageYield (APY) $35,000 12 monthly $ %You have taken a loan of $150,000 at an interest rate of 6% (annual). If the number of monthly equal instalment is 60, then find the principal paid in 36th instalment. a. $ 339.95 b. $ 2,899.92 c. $ 2,559.97 d. $ 2,839.95 с.Find the amount owed on an investment of $10,000 into a money market account that pays a simple interest rate of 1.75% over a 39 wk period
- Suppose that you deposited $1,000 in a savings account at the beginning of a year where the annual interest rate is 18%, for each month the annual effective rate is: Select one: a. $1195,61 b. $11561.5 c. %19.561 d. $19561.5II.DIRECTION: Compute for the amount of interest for the following; 1. Principal or amount barrowed : Php 10, 000Interest rate : 10% per yearTime : 3 months 2. Principal or amount barrowed : Php 30, 000Interest rate : 6% per yearTime : 60 daysUsing Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Compound Interest Earned in 1 Year Annual Percentage Yield (APY) Nominal Interest Principal Rate (%) Compounded $33,000 12 monthly $ % Need Help? Read It 3 Type here to search
- Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Principal Period (years) Nominal Rate (%) Interest Compounded $26,000 11 5 annually $ Compound Amount $ Compound InterestUsing Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $8,000 4 12 annually Ex Enter a number.Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $6,000 4 12 annually $ $