Q11. Find the principal that will amount to $8,000 in 4 years at 6% p.a. compounded monthly. Q12. Find the principal that will amount to $6,000 in 3 years at 8% p.a. compounded quarterly.
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A: Hi student Since there are multiple questions, we will answer only first question.
Q: Find the principal needed to get $1400 in 5 years at 9% compounded monthly. Principal = $ %3D
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A:
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Q11. Find the principal that will amount to $8,000 in 4 years at 6% p.a. compounded monthly.
Q12. Find the principal that will amount to $6,000 in 3 years at 8% p.a. compounded quarterly.
Step by step
Solved in 2 steps
- Find the principal that will grow to $11 019.45 at 6% compounded semi-annually in 5 years and five months. Select one: A. $8661.65 B. $7980.32 C. $788.57 D. $8000.00 E. $1630.33Q5A principal of $2000 is placed in a savings account at 3% per annum compounded annually. How much is in the account after one year, two years and three years?Find the principal needed to get $1400 in 5 years at 9% compounded monthly. Principal = $ %3D
- II.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 daysFor a repayments schedule that starts at the end of year 5 at $A and proceeds for years 6 through 40 as $2A, $3A...... What is the value A if the principal of this loan is $100,000.00 and the interest rate is 10% compounded annually?Q9. If an amount of $14,000 is deposited into a savings account at an annual interest rate of 5%, compounded quarterly, find the value of the investment after 5 years. Q10. If an amount of $8,000 is deposited into a savings account at an annual interest rate of 7%, compounded semi-annually, find the value of the investment after 5 years. Q11. Find the principal that will amount to $8,000 in 4 years at 6% p.a. compounded monthly. Q12. Find the principal that will amount to $6,000 in 3 years at 8% p.a. compounded quarterly.
- 7.If $1000 is deposited at 12.5% p.a. for one year, what is the effective annual interest rate if interest is compounded quarterly? Select one: a. 13.10% b. 12.50% c. 13.03% d. 13.05%How much principal is needed to accumulate $46,640 in simple interest at 5.8 % for 8 years?H5. A loan of X is repaid with level annual payments at the end of each year for 10 years. You are given: The interest paid in the first year is 3,600 The principal repaid in the sixth year is 4,871. Calculate X. Show proper step by step calculation
- If a $27,000 loan is repaid by end of month payments of $640 and interest is at 9% compounded monthly, how much principal will be repaid during the first year? O $5,472.07 O $2,005.36 O $6,120.06 O $3,986.66 $3,635.456. A loan is to be repaid in 30 years with level annual payments made at the end of each year. The anmual effective rate of the loan is 7%. If the principal repaid in the 3rd year was $400, find the amount of principal repaid from the 11th year to the 15th year (inclusive).14. If a principal of $700 amounts to $11o0 after six years of investment, then what annual interest rate is being received? * O a) 5.7% O b) 3.64% O c) 7.25% O d) 7.82% O e) None of the above