Q: If $ 5000 shall accumulate for 10 years at 8% compound quarterly. Find the compounded interest at…
A: Given information is: Principal amount (P)= $5,000 Time period (t)= 10 years Interest rate (r)= 8%…
Q: An 8-year annuity due has a future value of $1,000. If the interest rate is 5%, what is the amount…
A: An annuity is a contract between you and an insurance company in which you make a lump-sum payment…
Q: If you invest $300 per month at 5.90% compounded monthly, how much will your investment be worth in…
A: M = P×({[1+i]n-1}i)×(1+i) where, M = amount received upon maturity P = amount invested at regular…
Q: If one makes quarterly deposit of $1250 into an account that pays interest at a rate of 6%…
A: Given, Quarterly Deposit= $1,250 Monthly Interest Rate=6% Therefore, Quarterly Interest Rate=…
Q: As part of your retirement planning, you purchase an annuity that pays 4 % annual interest…
A: Annuity- A regular payment may be a contract between you associate degreed a nondepository financial…
Q: you invest $23,000 at 8% c
A: Given: Present value = $23000 Future value = $72533.36
Q: You have 100 pesos a month you can deposit into an account earning 3.9% APR, compounded monthly. How…
A: The value of an asset at a future date is termed as future value. It calculates the nominal future…
Q: Grandma wants to give you $420 at the beginning of each month while you are at school for 3 years.…
A: Periodic Payment (PMT) = $420 Time period = 3 years or 36 months n = 36 Interest rate = 4.8%…
Q: homeowner planning a kitchen remodeling can afford a $700 monthly payment. How much can the…
A: Given, R = $700 Time = 5 years Rate (r) = 9%
Q: hat is the future worth of P 6000.00 deposited at the end of every month for four years if the…
A: Interest rate is defined as the rate which is paid on the amount of borrowing or buying a fixed…
Q: How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 5…
A: Future value tells us how much will be the worth of the amount deposited/invested today says after n…
Q: Jed opened a savings account and deposited P900.00 as principal. The account earns 15% interest,…
A: Given information: Principal Amount (P): P900.00 Interest rate (r): 15% compounded continuously…
Q: What is the future equivalent of $1,000 invested at 8% simple interest per year of 2.5 years?
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: A car loan requires 30 monthly payments of $199.00 starting today. At an annual rate of 12%…
A: The measure that depicts that the value of money in the present is considered to have much more…
Q: Juan makes 10 bimonthly deposits of $500 beginning one bimonthly after today, if the interest rate…
A:
Q: after 5 years if the account earns 8.0% interest compounded annually? Be sure to include a cash flow…
A: Cash Flow (CF) is the increase or decrease in the amount of money a business, institution, or…
Q: How much money will be in an account in 5 years if $20,000 is deposited now at an interest rate of…
A: Given Principal = 20,000 Interest rate = 1.5% per month compounded yearly therefore Interest rate…
Q: If you deposit dollar 10000 into a fund paying 6% interest compounded monthly. how much can you…
A: Given the present value in the fund = 10000 Interest rate = 6% Monthly interest rate = 6%/12 = 0.5%…
Q: ach year a single payment of ₱1,766.00 is deposited in an account that earns 6% compounded…
A: Compound interest is the interest on a loan or deposit calculated supported each the initial…
Q: Brian borrowed P30,000 from a financing company charging 11 4/5% simple interest for 180 days. How…
A: According to the question brain borrowed P30,000 at the interest rate of 11 4/5(11.8%) for the 180…
Q: At a certain interest rate compounded semi annually P5000 will amount to P20000 after 10 years. What…
A:
Q: Anika wants to invest $200 a month at 4.25%/a compounded monthly for 10 years. a) b) What will be…
A: Regular payments given at the conclusion of each term, such as monthly or quarterly, make up a…
Q: oney is worth 14% compounded quarterly
A: Given : Amount deposited each year=10000 Duration=9 years Rate of interest=14% or 14/4=3.5%
Q: The payment for a certain loan was arranged such that Dino will pay $5,500 every month for the first…
A: Given Data,
Q: What is the ammount of interest earned on $10,000 for 12 years at 9% simple interest per year?
A: Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and…
Q: What is the future worth of these payments for 16 years if interest is 9% in the first year and…
A: The future value if the compounding is done annually is: FV = P (1 + R)t R : Interest rate PA…
Q: The monthly average cable TV bill in 2017 is $71.88. If cable costs are climbing at an annual rate…
A: Monthly average in 2017 = $71.88 Increase in annual rate (r) = 3% per year n= 2020 - 2017 = 3 years
Q: If 10% annual interest rate, considering compounding semiannual rate is __________
A: The data presented to us is as follows:- Annual interest rate = 10% We need to calculate compounding…
Q: You want to invest an amount today that will last for 5 years and allow you to withdraw $555 at the…
A: Given: Time = 5 years Number of compounding periods, n = 5 x 2 = 10 Annuity = $555 Interest rate =…
Q: In how many years will money triple its amount if invested at 8 % compounded semi – annually?
A: Interest is the amount paid for using an amount of money.
Q: A man wishes his son to receive P250,000 ten years from now. What amount should he invest if it will…
A: The present worth technique is very famous in industry since every single future expense and incomes…
Q: Scott deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned…
A: This is the case of ordinary annuity for 8years but we need to calculate for first 4year and then…
Q: f you have only $750 on January 1, 2019, what interest rate, compounded annually for 3 years, must…
A: Given: The amount of initial investment is = $750 Years = 3 The maturity amount is = $1,000 To Find:…
Q: $20,000 for 5 years @ 2.25% annual interest, compounded quarterly.
A: Compounded Quarterly "it is the compound interest payable based on 3 months compounded and it is…
Q: $20,000 for 5 years @ 2.25% annual interest, compounded annually.
A:
Q: An executive invested 1M to an account that earns 8% compounded continuously. Determine the amount…
A: Compounded continuously means interest is calculated continuously for 20 years with 8% per annum .
Q: You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months…
A: The effective annual interest rate is the interest rate that is actually earned or paid on an…
Q: If the nominal annual interest rate is 5% compounded monthly, what is the effective interest rate?
A: Effective annual rate=E Annual percentage rate=APR No. of compounding period=n Given: APR=5%=0.05…
Q: Recently, Money Money 4U offered an annuity that pays 5.4% compounded monthly. If $1,540 is…
A: Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium…
Q: 7) At the end of every 3 months, Teresa deposits $100 into an account that pays 4% compounded…
A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…
Q: What is the future value of $1,540 invested for 5 years at 5% interest compounded monthly? Round…
A: Given: The principal amount is = $1,540 Years = 5 The rate of interest is = 5% compounded monthly To…
Q: A person wishes to have a future sum of $1,00,000 for his son’s education after 10 years from now.…
A: Given the future value = $100000 Number of years = 10 years Interest rate = 15%
Q: A man save P 150,000 in a fund that earns 14% compounded quarterly. This saving for the future…
A: As given present worth = 150000 Interest rate = 14% compounded quarterly Future worth = 594000 P =…
Q: what is the future worth of these payments after 16 years if interest is 9% compounded…
A: The future value formula when the interest rate is compounded semi quarterly (means the compounding…
Q: John is planning to retire in 15 years. Money can be deposited at 8% compounded quarterly. What…
A: Semiannually Withdrawal = 25,940 Interest rate = 8% compound quarterly
Q: An investment company pays 33% compounded semiannually. You want to have$23,000 in the future.…
A:
Q: Lino borrows $600,000 with interest at 14% compounded quarterly. He agrees to settle this obligation…
A: It is given in the question that, Present Value(PV)=600,000 Interest rate(i)=14/4=3.5% or 0.035…
Q: A total of $50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring…
A: Given: The total amount borrowed = $50,000 The amount repaid with = 60 monthly payments The first…
You owe $120,000 from your ex-girlfriend and promise to pay 6% simple interest. How much will you pay at the end of 1 year and 6 months?
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- Bobby was desperate. He borrowed $600 from a pawn shop and understood he was to repay the loan starting next month with $100, increasing by $10 per month for a total of 8 months. Actually, he misunderstood. The repayments increased by 10% each month after starting next month at $100. Use a spreadsheet to calculate the monthly interest rate that he thought he was to pay, and what he actually will pay.How long it take money to triple if it earns 6% compounded continuouslyMr. Benedito, a grocery store owner, borrows $50,000.00 from a loan shark, handing him a $77,000.00 promissory note with a maturity of 6 months. What is the annual and monthly simple interest rate charged by the loan shark?
- How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3 years?Money deposited in a certain account for which the interest is compounded continuously. If the balance doubles in 6 years, what is the annual percentage rate?Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.
- Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?How long your money would double its amount if you invested at 5%compounded annually?How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity if the interest rate is 12%?
- John paid $500 per month for 20 years to pay off a mortgage on his house. If his down payment was $5,000 and interest rate was 6% compounded monthly, what was the purchase price of this house? do it fastb. How much would you expect to pay per month on a $20,000 auto loan if you pay the loan back for 48 month and pay 10% interest?You want to buy a $32,000 car. You can finance the car for 1.5% interest for 6 years. What is your monthly payment? Assume monthly compounding. Do not enter the negative sign from your calculator (if there is one) or the dollar sign. Round to two decimal places.