What is the exact simple interest earned on P 35, 000 for the period from April 3, 2020 to October 14, 2020, if the interest rate is 18%?

Q: he effective annual interest rate is 15%. A) Assume interest is compounded monthly. What is the…

A: The effective annual interest rate is the real return on a savings account or any interest-paying…

Q: A loan is offered with monthly payments and a 17.00 percent APR. What’s the loan’s effective annual…

A: Given; Nominal interest rate (r): 17% Time period (n): 12 months

Q: What is the present value on January 1, 2016, of 40000 due on January 1, 2020 and discounted at 11%…

A: Step 1: This problem involved the concept of how a certain value or amount of money changes due to…

Q: On April 5, 2019, Janeen Camoct took out an 7.75% loan for $22,000. The loan is due March 9, 2020.…

A: solution given Amount borrowed $22000 Interest rate 7.75% Date of borrowing April…

Q: What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6…

A: Interest = Principal * Rate * Time where, Interest = P500.00 Principal = P2,000.00 Time = 6 months =…

Q: What is the maturity value for a discount note of $7,000, 120-day, with a discount rate of 6%?

A: Note discount is the difference between the face value (or principal amount) of a promissory note…

Q: Analyse Time Interest Earned ratio in 2019  is 4.89 and 2020 is 9.9

A: Solution:- We know, Times Interest Earned ratio means that how many times a firm earns its EBDIT to…

Q: Starting at 1 January 2020, the effective rate of interest will be 5% per half-year for 12 months,…

A: This is a question based on the concept of time value of money, a major difference being that…

Q: f a Condura Ref. costs P 24,830 will have an interest of P 2505 monthly that is payable for a year,…

A: The rate of interest is the basis for the calculation of monthly, annual, or quarterly interest. Any…

Q: Considering an interest rate i=14% per year, what is the compound interest rate equivalent to the…

A: Interest rate is 14% per year To Find: Equivalent compounded  interest rate for 45 days Equivalent…

Q: Suppose that a company borrows 20,000 for 1 year at a stated rate of interest of 9 percent. What is…

A: Annual percentage rate (APR) if interest is paid to the lender annually = (1 + Stated rate / Number…

Q: What are the three components of the interest formula?Explain how this formula adjusts for interest…

A: Interest: The money charged by the lender for using lender’s funds is referred to as interest. So,…

Q: Goose Limited took out a loan for £4 million on 1st December 2018. If the interest rate is 3% per…

A: The objective of the question is to calculate the interest due on a loan of 4 million pounds taken…

Q: If the nominal annual interest rate is 15%, what is the effective interest rate when interest is…

A: In this question We require to calculate the effective interest rate from below details: Nominal…

Q: The effective rate of interest is 5% per annum during the calendar years 2016 and 2017, and it is 9%…

A: Future Value = Present Value * (1 +Interest rate)time period

Q: At a certain interest rate cpd. semiannually, P71556 will amount to P138998 after 10 years. What is…

A: This is the problem of the time value of money. First, we will compute the applicable rate to…

Q: installment loan at 18%. The final payment is to be made on $238.42 principal.what is the final…

A: Loan: It refers to the amount of credit given by the lender to the borrower.  The borrower makes…

Q: How much of the P84,000 advanced rental payment will expire or will be expensed at the end of each…

A: If any expenditure is paid in advance, it will be treated as pre-paid expense and reporting it as an…

Q: What interest rate compounded bi-monthly is needed for an amount of P20,679 to increase to P30,550…

A: Using Excel Function:     With Formulas:

Q: What is the maturity value of a 3-year term deposit of $9914.05 at 3.6% compounded monthly? How much…

A: Future value is a financial concept that refers to the projected worth of an investment or asset at…

Q: A debt of 4,400 with interest at 2.5% payable semi annually will be discharged by payment of 600 at…

A: Given information: Debt : 4,400 Interest rate : 2.5% Payments : 600

Q: If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: What would be your annualized discount rate% on the purchase of a 170-day Treasury bill for $4700…

A: Annualized discount rate can be calculated as: = (Maturity amount - Initial amount) / Initial amount…

Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…

A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…

Q: If the spot CAD/USD rate is 1.1239 and the two year interest rates on CAD and USD are 1.75% and 1.4%…

A: Forward Rate can be calculated as follows: Forward rate=Spot rate×1+interest rate of CAD1+interest…

Q: What annual interest rate is earned by a 20​-week T-bill with a maturity value of $2,900 that sells…

A: The time value of money states that the money we have today has more worth than the money we are…

Q: What is the effective rate of 16% interest compounded semiannually?

A: In this question we require to compute the effective rate of 16% interest compounded semi-annually

Q: The discount rate on a T-Bill is always a simple annual interest rate, using the formula, D= PVrt…

A: Treasury bills are the debt instruments issued by the Government for a short period generally for…

Q: Find the APR (true annual interest rate), to the nearest half percent, for the following loan.…

A: The Annual Percentage Rate (APR) represents the yearly cost of borrowing money through loans or…

Q: 4. If Php 35,000 is due on December 16, 2018, find the proceeds on April 20, 2018, if the discount…

A: Discount rate The discount rate in a discounted cash flow  analysis is the interest rate used to…

Q: What is the effective rate (annually compounded rate) of interest corresponding to 9% compounded…

A: The effective annual rate (EAR) is the actual rate of interest that an investment earns over a year,…

Q: Answer the given problem below. Attach a complete solution. Determine the exact simple interest on…

A: Principal amount (P) = P150000 Period from June 25,2005 to September 2,2006 (d) = 434 days Interest…

Q: An obligation will be amortized by quarterly payments of P670 for 10 years, If interest is at 6%…

A: Quarterly payment (P) = P 670 Period = 10 Years Number of monthly payments (n) = 10*12 = 120…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.