What would be the amount of Peter's deposit today if he put in P1.0 million in a bank three and a half years ago in a bank that gives 8 ¾% interest compounded quarterly?

Engr. Marquez wants to get from her bank account P29,120.84, 12 years from now. How much should she invests for three consecutive years (annually) starting this year if the interest rate is 0.23? "Use 4 decimal places

You have $10,000 in the bank today.  Your only deposit was $6,700 exactly 4 years ago.  What is the annual interest rate?

< A friend asks to borrow $51 from you and in return will pay you $54 in one year. If your bank is offering a 6.2% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $51 instead? b. How much money could you borrow today if you pay the bank $54 in one year? c. Should you loan the money to your friend or deposit it in the bank?

If you deposit money today in an account that pays 5.5% annual interest, how long will it take to double your money? Round your answer to two decimal places. years

If you deposit money today in an account that pays 10.7 percent annual interest, how long will it take to double your money?   a. 6.82 years   b. 9.35 years   c. 10.70 years   d. 2.73 years   e. The answer cannot be calculated without knowing how much money is initially deposited.

Suppose you deposit $1,093.00 into an account 4.00 years from today that earns 11.00% . It will be worth $1,622.00 years from today.

How much would be in your savings account in 7 years after depositing $350 today if the bank pays 10 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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