What is the present value of 1700 dollars to be paid in 5 years, if the effective rate of interest is 6.2 percent? Thank you!

Q: John has invested $1200 into an account at 2% interest semiannually, what will his future valu be…

A: topic - compound interest

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

A: If the interest is simple, then the formula used is A=P(1+rt), where A is the final amount, P is the…

Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

A:

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

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Q: w much amount Sara should deposit in an account at 8% to earn an interest of OMR 1200 after 2 years?…

A: Rate of interest =8%, time= 2 years,  S.I.= 1200.  To Find the deposit amount..

Q: what is the 2%interest rate over 5 years

A: here given    carlos has 3000 to open a bank account p =3000 R =2% N = 5 years  I =PRN100

Q: A bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…

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Q: Find the principal if the interest is ₱3500, the rate is 4.5% and the time is 1.75 years.

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Q: Carlos takes out a loan for $10,300, at 8% ordinary interest. If the amount of interest is $329.60,…

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Q: What is the present value if after 6 years the money earns Php85, 200 at 8.25% rate?

A: Note that since we are only given the rate 8.25% and nothing more is specified, the rate is assumed…

Q: You want to be able to withdraw $40,000 from your account each year for 25 years after you…

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Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: A man required to pay 57500 pesos at the end of 15 days of 60000 pesos at the end of 60 days.…

A: The simple interest is given by the formula A=P+I, where I is the interest amount on the principle P…

Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: A $500 bond matures in 25 years. What should you be willing to pay for the bond now if you want an…

A: To calculate the present amount of bond that is willing to pay if amount of bond is $500, the time…

Q: For interest rate i, you are given än+1] = 7.73 and 3-11 = 17.35. Find 11. n- $11

A: For interest rate i, you are given  and .To find the value of .

Q: what is 2% higher than 3.167% interest rate?

A: Please see the answer in Step 2

Q: How much should Allyson put into 6% saving account in order to have Php. 100,000.00 in 5 years?

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Q: Find the annual rate of simple interest if R190 amounts to R240.25 after 18 months.

A: the annual rate is 16.95 %

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

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Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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Q: Suppose you have $2700 in your savings account at the end of a certain period of time. You invested…

A: Given: Principal amount P= $2000 Future value A= $2700  Rate r= 7.47 % annually To find time t (…

Q: Mr. Rashid borrowed Rs. 20000 from Habib Bank to be paid back after 3 years at 6% per annum…

A: Calculate Amount and interest paid