1.Find the present value of $20800 in 4 months at 12% simple interest. a)$200 b)$200,000 c)$2000 d)$20000

Q: 7 years of savings were made in a deposit account that pays 22% compound interest annually. The…

A: Savings are done by individuals in order to earn a benefit in the form of interest rate. The scheme…

Q: A deposit of $1500 is made into a fund on March 28. The fund earns simple interest at 5%. On July…

A: Calculate the days difference between the dates

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: 5. Lerios has a loan business that charges 15% simple interest. Joey borrowed P4000 from Tony; how…

A: Given information, Principal amount (P): P4000 Time period (t): 60 days Interest rate (r): 15% To…

Q: 5. A loan of P5, 000 is made for a period of 15 months, from January 1 to March 31 the following…

A: Given information,  Principal amount (P): P5,000 Interest rate (r): 25% Time period (t): 15 months~…

Q: Find the present value amount that is equivalent to a uniform gradient series in wich the first…

A: In economics, present value refers to the current value of a future stream of cash flows. Future…

Q: If a bank says that it has a 5% nominal interest rate, but money is compounded monthly in that bank,…

A: An effective annual interest rate is basically the actual return on a savings account or on any…

Q: A person borrowed JD50000 , which will be repaid at 20 successive equal annual installments, at an…

A: here we calculate the value of new installments by the following method as follow;

Q: eering Economics   Find the present worth of perpetuity of Php10,000 semi annually with an…

A: Answer is given below

Q: HP borrowed money to do rapid prototyping for a new ruggedized computer EXAMPLE 1.4 that targets…

A: The difference between simple interest rate is that it is calculated only on initial principal…

Q: If $700 is invested at 11% simple interest, calculate its value after 8 years.

A: Below is the given values: Invested money = $700 Simple interest = 11% Time = 8 years

Q: What is the amount of capital that earns simple interest: a) $1500 at 18% per year in 10 months?…

A: In the market, the amount of capital is also known as principal amount that is invested today to…

Q: 6. Southwest Airlines (SWA) signed a contract that allowed it to buy jet fuel at a constant fixed…

A: In the present worth method, we find the present values of all the future cash flows.

Q: Question:   Calculate the compound interest on 30,000 TL at 7% annual interest in 3 years. Find…

A: Given, Principal (P)= 30,000 TL Annual interest rate (i)= 7%  = 0.07 Time (t)= 3 years Compounding…

Q: How much should Jane return at the end of 60 days if she loaned P10,000 from a friend at a simple…

A: Simple interest: It is the amount of interest for a particular principal amount at some rate of…

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: 1. With an annual interest rate of 6%, an account earned $180 of simple interest in one year. How…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Assume that you want to deposit an amount P into an account 2 years from now in order to be able to…

A: Here we calculate the value of P by calculating the present value and choose the correct option , so…

Q: You have borrowed $10,000 from a bank with the understanding that you will pay it off with a lump…

A: The future value of loan = $12000 Present value of loan = $10000 Time period (n) = 2 years

Q: suppose that $2700 is set aside each year and invested in a savings account that pays 8% interest…

A: Answer According to the question, it is given that Amount set aside each year  ( Annuity) = $2700…

Q: EED HELP ASAP FOR BOTH PROBLEM THANK YOU SO MUCH ! Problem 1: An investment earns 20% compounded…

A: Answer is given below

Q: Suppose you have a vehicle, the 1st year maintenance cost is estimated to be $100. The rate of…

A: the value in the presence of a sum of money, in contrast to some future value it will have when it…

Q: The loan was made 3 years and 4 months at 6% simple interest. The principal interest amount of the…

A: We have been given the following information. Time (t) = 3 years and 4 monthst = 3 + (4/12) yearst =…

Q: DRAW CASH FLOW DIAGRAM Suppose that P 4500 is deposited each year into a bank account that pays 8%…

A: A series of money paid at regular intervals is known as an annuity. Monthly savings account…

Q: Sam borrowed money from his friend in the amount of 5,000 birr on January 15, 2018. He is obliged to…

A: here we calculate the simple interest of Sam debts which are as follow-

Q: A student has money given by his grandfather in the amount of P20,000.00. How much money in the form…

A: Given information: Present Value (PV)= P20,000.00 Interest rate (r)= 8% Time period (t)=7 years.…

Q: 2) An annuity due in perpetuity pays X at the beginning of each year for 10 years and starting at…

A: Given the information: Present value = $3000 g = 2% i = 5% time, t= 10

Q: 2. A loan of $25,000 was repaid at the end of 9 months with $28,500. What annual rate of interest…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: If $5 is invested at 45% simple interest, its value after 13.1 years is

A: The investment amount is = $5 Simple interest = 45% Time period = 13.1 years

Q: Mr Chen wants to get a lumpsum of 3.5 million pesos when he retires at the end of 20 years. How much…

A: Given, Amount- 3.5 m or  3500000 Time- 20 years Interest 12%

Q: If I want to invest my money, how long will it take (in months) $6000 to earn $120 interest (simple)…

A: Simple interest is a method of investment an amount on which an investor get interest on his…

Q: 3. If you borrow $24,000 now at an interest rate of 10% per year and promise to repay the loan with…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: Liam borrowed money from a bank worth P15,000.00 on January 11, 2020. They agreed on a simple…

A: Liam borrowed P15,000 on January 11, 2020, at a simple interest rate of 8% per annum.  The loan will…

Q: If you deposited 6,000 SR before 3 years and now the bank gives you 7,500 SR, what is the interest…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: If $3000 invsted in a compound interest account for 4 years, amounts to $3612, what is the annual…

A: Given, P+I = A = 3612 P = 3000 n = time = 4 years Compound interest Rate = r = ??

Q: Gabe purchases a $600 bond that has 6 remaining semi-annual 7% coupon payments for $510. What would…

A: Semi-Annual: is an adjective that describes one thing that's paid, reported, published, or otherwise…

Q: Question 3 Edward takes out today a loan of $150,000.00 from a local Bank at 8% Simple Interest for…

A: Simple interest is a method of calculating the interest that is charged on a given amount of loan…

Q: 3. What would $1000 become in a saving account at 3% per year for 3 years when the interest is not…

A: In simple interest rate, interest rate is charged on fixed initial value and in compounding interest…

Q: 4. An engineering consultant wants to withdraw $16,000 per year for each of the next 10 years to…

A: Answer: The following formula to find the present value that will be deposited is given below:…

Q: B// Which of the following 1-year investments has the highest rate of return? (a) $12,500 that…

A: Interest: It means the monetary charge for borrowing the money.

Q: $20,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest…

A: The simple interest formula is as below: S.I=C.i.nwhere S.I=amount of simple…

Q: You decide to repay a small loan of P1,000,500.00. What would be the size of the amount to be repaid…

A: The amount of loan = P1000500 Time period = 20 years Interest rate = 2%

Q: 1. Many small companies use accounts receivable as collateral to borrow money for continuing…

A: The amount of interest that is payable every period, expressed as a percentage of the principal that…

Q: 2. How much is the exact simple interest of P 6000 from February 28, 2000 to December 31, 2001 with…

A: Given information:  Principal amount (P): P 6000 Interest rate (r): 8% Time period (t): 731 days…

Q: Engineering Economy A man made a loan of $300 to be repaid with $325 at the end of 85 days. What…

A: Amount = Principal + Simple Interest 325 = 300 + 300*r*85/365 25 = 300*r*85/365 r = 25*365/300*85 =…

Q: Your mortgage compounds interest annually at an interest rate of 3.1%. If your loan was for…

A: Interest paid after 5 years= 115438.789

Q: r, you move to another job and start a new 401(k) plan. You never get around to merging the funds in…

A: Given : Deposit each year=$5000 Interest rate=8% After switching job,amount invested for time…

Q: Engr Mazon borrows P 100,000 at 10% effective annual interest. He must ay back the loan over 30…

A: Given: Amount borrowed=P 100000 Interest rate=10% Period of loan=30 years To find: Monthly payment

Q: 1. A person is saving $1000 per year for the next 10 years except for year 5 in which his saving is…

A: When comparing financial products, the annual interest rate, also known as the standard annual…