Q: How much interest is payable each year on a loan of $2,000 if the interest rate is 10% per year when…
A: Instalments are the payments of equal size paid at the regular interval of time for the repayment of…
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A: Given that, Starting value = $ 8500 Ending value = $ 38000 Time period = 20 years Calculation…
Q: If you invest $150,000 at an interest rate of 10% (annual rate) compounded monthly, what is your…
A: Answer - $150,000(1.0083)24
Q: You have a strict linear gradient series, with the amount of +537 Euros that is starting with the…
A: Given Information Number of compounding period (N) = 12 / 6…
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A: Here, we calculate the given as follow;
Q: At what annual interest rate will $1,200 invested today be worth $2,500 in 12 years?
A: We have: Annual interest rate = $1,200 Time= 12 years
Q: A company sets aside P200,000 at the end of each year for plant expansion. If the fund draws 8%…
A:
Q: How many years will it take for an initial investment of $25820 to grow to #43448? Assume a rate of…
A: Introduction Compound interest is when you earn interest from interest by reinvesting the money you…
Q: A zero-coupon bond is a bond that is sold for less than its face value (that is, it is discounted)…
A: Compound annual growth rate is a business and investing specific term for the geometric progression…
Q: The present worth of a deposit of $1000 now and $1000 every 6 months for 10 years at an interest…
A:
Q: The present worth of a deposit of $1000 now and $1000 every 6 months for 10 years at an interest…
A: Answer: option c Explanation: In option c the first term shows the present worth of 1000 for 21…
Q: Suppose an investment is project to generate income at the rate of R(t) = 200, 000 dollars per year…
A: * SOLUTION :-
Q: A condominium unit can be bought at a down payment of ₱150,000 and a monthly payment of ₱ 23,347 for…
A: Given Down-payment of a condominium unit =₱150,000. The monthly payment for 10 years =₱23,347 and…
Q: Sarah is going to borrow money for her college expenses. Her local credit union will lend Sarah…
A: The future value is the accumulated value of the series of cash flows which is accumulated by using…
Q: 2.From the given cash flow diagram below, find the future value of the geometric. gradient with…
A: Time Value of money refers to the sum of money whose value of more now then the same sum in future…
Q: What effective interest rate per year is equivalent to 17.6% per year compounded quarterly. (Give…
A: Here we calculate the interest rate per year compounded quarterly so the calculation of the…
Q: How much can Wells Fargo lend to a developer who will repay the loan by selling 6 view lots at…
A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: Refer to the accompanying cash-flow diagram (see Figure), and solve for the unknown quantity in If F…
A: Future value(FV) is the value of an asset(A) after 6 years in this question. The future value(FV)…
Q: P10,000 for the period January 12 to September 13,2001 if the interest rate is 15%?
A:
Q: (a) semiannual period, (b) year, (c) 2 years.
A: Nominal interest rate is the interest rate in will the complete affect of the compounding over small…
Q: Compare the accumulated values at the end of 10 years if P100 is invested at the rate of 12% per…
A: We need to find futute value when present value is compounded at the rate of 12% for 10 years.
Q: Charlie Cai promises to deposit a sum of $120,000 for his granddaughter's college education 18 years…
A: Given data, FV = 120000 PV = 30000 n = 18 year.
Q: If you want to triple your money at an interest rate of 6% per year compounded annually, for how…
A: Future worth can be calculated as follows: F=P1+in3P=P1+0.6n3=1.06n
Q: 4. Compare the accumulated values at the end of 5 years if P100,000 is invested at the rate of 12%…
A: Interest rate is income earned on the amount invested for certain period compounded. In this case…
Q: If you invest $2,000 today, withdraw $1,000 in 3 years, deposit $3,000 in 5 years, deposit $1,500 in…
A: The concept of “time value of money” says that $1 invested today worth more than the identical…
Q: Mr. and Mrs. Ramirez bought a house and lot with a down payment of P1,000,000.00 and a yearly…
A: In economics, present value refers to the current value of a future stream of cash flwo. Future…
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A: Given: Annual interest rate = 7% Interest is compounded semi-annually. Hence, i (rate per period) =…
Q: For an interest rate of 9% per year, compounded every 4 months, determine the nominal interest rate…
A: If the interest rate is 9% per year and is compounded every 4 months, the interest rate can be…
Q: A bond pays a semiannual coupon, and the last coupon was paid 61 days ago. If the annual coupon…
A: The annual coupon payment = $75 The last coupon paid = 61 days ago Accrued interest =?
Q: The parents of a child decided to make annual deposits into a saving account, with the first deposit…
A:
Q: How long will it take P90.00 to be four times its value if invested at the rate of 11% compounded…
A: Given data: Principal, P=P90.00 Required amount is four times its principal value,…
Q: which will be paid after 10 years at an interest rate of 12% compou
A: Interest rate = 12% compounded annually Debt after 10 years = 300,000 * (1 + 0.12)^10 = 931,754.5…
Q: A house and lot can be acquired to a down payment of P 500,000 and a yearly payment of P 100,000 at…
A: Given:- Yearly payment=100,000 Down payment=500,000 Discount rate=14% To calculate:- Cash price=?…
Q: Juan is 25 years old today. A year from now (i.e., on his 26th birthday) he will deposit $7,000 in a…
A: Compound interest is calculated by multiplying the initial principal amount by one plus the annual…
Q: Compare the accumulated values at the end of 10 years if P100 is invested at the rate of 12% per…
A: Compound interest formula: FV = P * (1 + r/m)nm Where FV is future value P is principal value r is…
Q: What lump-sum amount of interest will be paid on a $20,000 loan that was made on May 1, 2020, and…
A: Given: The principal amount is = $20,000 The ordinary simple interest rate is = 10% per year To…
Q: If P12,500 is invested at 6% from January 1, year 1, how much money accumulated until January 1,…
A: Given that, Initial amount = 12,500 Interest rate = 6% or 0.06 Number of years = 10 years
Q: If a student makes monthly deposits of $1,200 into an account with a nominal annual interest rate of…
A: Student makes monthly deposits of $1,200 into an account with a nominal annual interest rate of 4.5%…
Q: A 20 year loan of $120, 000 at i = 6% is paid off by paying 130% of each year's interest at the end…
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Q: Mr. Smith has saved RM1 800 each year for 20 years in Unit trust account. A year after the saving…
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Q: The nominal interest rate is 4% per year, but compounded quarterly. What is the effective annual…
A: here we calculate the effective annual rate by using the formula and choose the correct option which…
Q: A couple borrowed from a lending company an amount of P 4,000 for 6 years at 12%. At the end of 6…
A: Given Inital loan amount = P4000 of 6 year at 12% compound interest After 6 year, they have taken…
Q: Three months ago, Jim purchased $11,000 of U.S. Treasury bonds. These bonds have a 30-year maturity…
A: by using the present value method we calculate the current value of bond by using the given…
Q: A certain amount is borrowed for 72 days at 17% per annum. Using exact interest, what is that…
A: Given, Time- 72 days ROI- 17% Due amount- 7238
Q: If the VF Corporation deposits $20 million of its retained earnings in an aggressive stock ownership…
A: Deposit (D) is $20,000,000. Interest rate (i) is 18% per year compounded monthly. Compounded…
Q: be paid over the eight-year period? The interest amount is paid at the end of each year. Year.…
A:
Q: The present worth of a deposit of $1000 now and $1000 every 6 months for 10 years at an interest…
A: Answer - Given in the question- The present worth of a deposit $1000 now and $1000 every 6 months…
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- The average growth rate for a certain stock over the last 50 years is reported to be 12% compounded annually. If your grandfather had invested $600 in the stock 50 years ago, what would his investment be worth today?Show complete solution: The maintenance expense on a machine is expected to be $800 during the first year and to increase $150 each year for the following seven years. What present sum of money should be set aside now to pay for the required maintenance expenses over the eight-year period? (Assume 9% compound interest per year.)A man borrowed P300,000 from a lending institution which will be paid after 10 years at an interest rate of 12% compounded annually. If money is worth 8% per annum how much should be deposit to a bank monthly in order to discharge his debt 10 years hence?
- If you want to triple your money at an interest rate of 6% per year compounded annually, for how many years would you have to leave themoney in the account? a. 12 years b. 19 years c. 32 years d. Cannot be determined without knowing the amount invested.If the nominal interest rate is 5%, how much is P2,000 worth in 10 years in a continuously compounding account?PROVIDE THE CASH FLOW DIAGRAM ONLY. Consider an EOY geometric gradient, which lasts for eight years, whose initial value at EOY one is $5,000 and f = 6% per year thereafter. Find the equivalent uniform gradient amount over the same period if the initial value of the cash flows at the end of year one is $4,000. Complete the following questions to determine the value of the gradient amount, G. The interest rate is 8% per year.
- . Suppose an investment is project to generate income at the rate of R(t) = 200, 000dollars per year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6% per year compounded continuously.A man possesses a promissory note, due 3 years hence, whose maturity value is P6,700.48. If the rate of interest is 10% compounded semi-annually, what is the value of this note now?A man took loan of PhP 65,250 from HSBC Bank. If the rate of interest is 9% p.a., then what will be the difference in the amounts he would be paying after 1 year if the interest is compounded quarterly and compounded annually?
- P200, 000.00 was deposited on Jan. 1, 1988 at an interest rate of 24% compounded semi-annually. How much would the sum be on Jan. 1, 1993? a.P628, 170.00 b.P621,170.00 c.P661, 170.00 d.P621, 370.00On Jan. 1, 1965, you purchased a small house in Alameda, California for $20,000. On Jan. 1, 2015, you sold the house for $900,000. What is the effective annual rate of return (compounded annually) on this investment?How much interest is payable each year on a loan of $3,000 if the interest rate is 12% (simple interest) per year when half of the loan principal will be repaid as a lump sum at the end of five years and the other half will be repaid in one lump-sum amount at the end of eight years? How much interest will be paid over the eight-year period? The interest amount is paid at the end of each year. Year. Interest Accrued for Year 1 ? 2 ? 3 ? 4 ? 5 ? 6 ? 7 ? 8 ? Total Interest ?