1. If you borrow Pho 30,000 at 7.5% simple interest annually for 10 years, how much will you have to repay at the end of 10 years?
Q: Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15% compounded semiannually and…
A: Given: Jomai borrowed P 6666.00 for t=2.5 years and the interest rate 15%(compounded semiannually),…
Q: Suppose mr. Sison would like to save P5,000 every month in a fund that gives 9% compounded monthly.…
A:
Q: 2. If you borrow $5000 and, after 9 months, pay off the loan in the amount of $5500, what per annum…
A:
Q: 4. If you pay P50.00 at the end of each month for 40 years on account that pays interest at 10%…
A: *** This is the problem related to financial mathematics and we are advanced math expert and have…
Q: 1. Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the…
A:
Q: What is the equivalent annual cost in years 1 through 10 of a contract that has a first cost of…
A: Consider the equation
Q: Suppose that a 20-year government bond has a maturity value of $1000 and a coupon rate of 9%, with…
A: For 20 years, the government bond has a mutual value of $1,000 at a coupon rate of 9%…
Q: A sailboat costs $19,286. You pay 25% down and amortize the rest with equal monthly payments over a…
A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…
Q: You receive a loan of $22,000 for 24 months at 5.2% compounded semiannually? How much interest is…
A:
Q: (b) If $2000 is invested today at 8% compounded quarterly, how much would it be worth in 2030? 2022…
A: b) Given : r=8% = 0.08 P = $2000 n = 4 ( quarterly ) t = 2030 - 2022 = 8 years So…
Q: 6. How much should you deposit at the end of each month into an IRA that pays 5.5% compounded…
A:
Q: A man receives 125,000.00 credit for his old car when buying a new model costing 375,000.00. What…
A: Given information Buying price=$375,000 Old car exchange value=$125,000 Interest rate r=6% Since,…
Q: The interest rate on a GIC is 4.50% compounded quarterly. What is the purchase price of the GIC if…
A: Find purchase price of GIC
Q: 5. What principal you have to deposit in a 4.5% saving account compounded monthly in order to have a…
A: Step 1: The equation for amount accumulated after n years with compound interest i is,…
Q: Suppose you borrow $7,500 from a bank that charges 4% interest compounded monthly. How much will you…
A: From the given information, it is observed that the Principal is P = $7500, the rate of interest is…
Q: 14. Jeanine plans to deposit $875 quarterly for 3 years, into an account. With an interest rate of…
A:
Q: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…
A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…
Q: A debt of $9000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…
A: Note that, here P = $9000, r = 0.05, and t = 5 years (since 10 equal semiannual payments).…
Q: What amount will be paid at the beginning of every month for 10 years if the present value is 200,…
A:
Q: If you want to be paid from a 10-year ordinary annuity with a guaranteed rate of 4.012% compounded…
A: Given: Rate of interest compounded annually is 4.012% Total payment to receive is $7,000.00 Time =…
Q: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…
A:
Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…
A:
Q: 8. A loan of 67,000 pesos is to be amortized by paying quarterly in 1 year. If the money is worth…
A:
Q: 1) At what simple interest rate per annum will P35,500 accumulate to P61,000.00 in 6 years and 9…
A: Since you have posted a multiple question according to guildlines I will solve first question for…
Q: At what simple interest rate per annum will ₱20,000 accumulate to ₱25,000 in 3 years?
A: Solution:-
Q: 7. An investment account pays 3.9% interest compounded semi-annually. If $4,000 is invested in this…
A: We are given,Principal P = $4000Rate , r = 3.9% = 0.039Interest is compounded semi-annually then ,…
Q: #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly.…
A: We have to find amount
Q: You are considering taking out a loan of $8,000.00 that will be paid back over 11 years with every 2…
A: Use the following formula to calculate the amount A on principal P when the annual rate of interest…
Q: How much interest will be charged on ₱7,300 borrowed for three (3) years at a simple interest rate…
A: To find Interest charged charged on 7,300 borrowed for three (3) years at a simple interest rate of…
Q: A debt of $8000 is to be amortized with 10 equal semiannual payments. If the interest rate is 9%,…
A: Given the debt amount $8,000. Number of payments is 10 equal payments (Semiannually). Rate of…
Q: 1. If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual interest…
A: Given that principle amount P= 5000 Rate of interest r = 4 Time n= 2 Compounded quarterly Amount A =…
Q: 9. In order to have P1 million in a fund at the end of 15 years, how much must be deposited in the…
A: Solution
Q: What is the cash value of a lease requiring payments of $1,362.00at the beginning of every year for…
A:
Q: 7. How much interest do you earn by investing $375,500 for six months into an account paying 4.0%…
A: Given, P= $375500 t= 6 months= 0.5 years r= 4%= 0.04 Compounded monthly Therefore, n= 12
Q: Checking Homework. Show Work.
A:
Q: 1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When should the…
A: Given that, 1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When…
Q: In order to have a fund of 1,000,000 at the end of 12 years, equal deposits every six months must be…
A:
Q: If you have R.O. 9275 and you want to make a small business that will provide you a steady income…
A: Compound interest =p1+R100t p=9275 t=1,2,3,....19 ,R=19 =92751+19100t
Q: A debt of $8,800 is to be amortized with 8 equal semiannual payments of $1,417.12. If the annual…
A: SOLUTION-
Q: 4. How much should be deposited in an account paying 7.5% interest compounded quarterly in order to…
A: Compound interest
Q: 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How…
A: There are multiple question, As per company policy ask other question separately . P = initial…
Q: If you want to be paid from a 10 year ordinary annuity with a guaranteed rate of 7.01% compounded…
A: We have , Given t = 10 years and r = 7.01% compounded annually Received amount A = $2000 We know…
Q: 1. How much do you need to deposit into an account with 5.4% interest compounded monthly if you want…
A:
Q: 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years…
A:
Q: 1. A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is…
A: Multiple questions-"As per our guidelines we are suppose to answer only one question.Kindly re-post…
Q: 9) If Juan invests $7,000 at 6% annual interest rate compounded semi-annually Tor 12 years, how much…
A:
Q: (b)Given the current interest rate of 6 percent compounded annually, find the present value of…
A: Let rate of interest is r% Present value is equal to P Then Amount = A after T years is, A…
Q: A $5,500 bond that carries a 3.00% coupon rate payable semi-annually is purchase years before…
A: We will find the required.
Q: 4. Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years,…
A: Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years, compounded…
Step by step
Solved in 2 steps with 2 images
