1. How much interest is earned in 4 years on 12,000 deposited in an account paying 4% compounded semi-annually?
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A: solution Given number of years n = 12 annual payment A = 12000 interest i = 15% = 0.15
Q: 4. Find the effective rate of interest if the nominal rate is 12 % compounded bi - monhtly.
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- How much should be deposited at 6% compounded quarterly tax free for 10 years and 6 months to be able to accumulate 97,180.05 at the end of the period? (Show step by step solutions)7. If Elvira borrowed P 130,000 from Rona with an interest rate of 12% per year compounded quarterly. What is the effective rate?What single payment at the end of year 5 is equivalent to an equal annual series of payment of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 10% compound annualy. Kindly answer this engineering economy problem above. Thank you
- An engineer plans to retire in exactly one year and wants an account that will pay him ₱31,000 a year for the next 14 years. Assuming a 6% annual effective rate, what is the amount he would need to deposit now? (The fund will be depleted after 14 years). Find Peng econ A man has deposited $50 000 in a retirement income plan with a local bank. This bank pays 8.75 % per year, compounded annually, on such deposits. What is the maximum amount the man can withdraw at the end of each year and still have the fundsl ast for 12 years?How much should the engineer borrow from a bank that charges 10% simple discount for 6 months if he received an amount of P14, 500?
- Miw deposited P15, 000 each year for 10 years, how much annuity can Miw get annually from the bank every year for ten years starting one year after his last deposit. Rate of interest is 8%.What lump-sum amount of interest will be paid on a P12,000 loan that was made on May 1, 2021, and repaid on November 1, 2025, with ordinary simple interest at 10% per year? (5 pts) (Show the Cash flow diagram and your solutions).The effective annual interest rate is given to be 19.2%. What is the nominal ineterest rate per year if continuous compounding is being used?
- If P35, 000 is deposited now into a savings account that earns 6% per year, what uniform annual amount could be withdrawn at the end of each year for ten years so that nothing would be left in the account after the 10th withdrawal?With cashflow diagram .PleaseFind the equivalent annual payment of the following obligations at 20% interest rate. End of Year Payment 1 P 8,000 2 P 7,000 3 P 6,000 4 P 5,0006. An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the endof the period. Compute the depreciation charge and its book value after 10 years using the sum of year's digitmethod. with cash flow