1.If the nominal rate of interest is 48% compounded bi-monthly, find the rate of interest per period?

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 5…

A: From the provided information is  Present value=Amount*(1+rate)-period  PV=3000*(1+(0.066))-6*5…

Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: Given that, Annual Amount=$31 Annual rate of interest=5.7% r=0.057 Time (T) = 2015-1626 T=389 years…

Q: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly? (Round your…

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Q: If $1500 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of…

A: Here we find the compound interest on investment.

Q: What monthly rate of interest is equivalent to 3.6% p.a. compounding semi-annually?

A: = final amount = Principal = interest rate = number of times interest applied per time…

Q: If the nominal interest rate is 14.5% per year compounded weekly, the effective annual interest…

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Q: 33. What rate of interest compounded annually is required to triple an investment in 5 years?

A: Given, after 5 years investment is triple

Q: How long will it take to save $13,000 by making deposits of $100 at the end of every month into an…

A: Given that        F = future value = $13000      PMT = Periodic payment= $100       r = rate of…

Q: A passbook savings account has a rate of 5%. Find the effective annual​ yield, rounded to the…

A: Consider the provided question, Given, Interest rate(r)  =  5% = 0.05 Compounded periods = 1000 So,…

Q: If $28,000 is invested in an account for 25 years. Calculate the total interest earned at the end of…

A: Given $28,000 is invested in an account for 25 years.  We need to calculate the total interest…

Q: 9. If 8000 dollars is invested in a bank account at an interest rate of 6 per cent per year,…

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Q: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

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Q: lohn and Rosamond want to retire in 10 years and can save $190 every three months. They plan to…

A: Given: Periodic payment (m0=$190Rate(r)=7.72%Time(t)=10 yearsNumber of payments per year(n)=5

Q: If $1,000 is invested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D) monthly;…

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Q: What interest will be earned if $6400 is invested for 4 years at 11% compounded monthly? (Round your…

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Q: What present value amounts to $5,000 if it is invested for 15 years at 8% compounded annually?…

A: When an amount is invested at rate r compounded annually then amount after time t years will be…

Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

A: In this question, the concept of Compound interest is applied. Compound Interest Compound interest…

Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

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Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

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Q: If you deposit $300 each quarter into an account earning 3.2% compounded quarterly, how many years…

A: The future value (FV) of an annuity A with interest rate per period of r, over n periods is given…

Q: Hamed deposit R.O (? + 130) in a ?% account and compounded quarterly. At the same time Ismail…

A: Given that Hamed deposit R.O (A+130) in a B% account and compounded quarterly Ismail deposit R.O…

Q: passbook savings account has a rate of 6%. Find the effective annual​ yield, rounded to the nearest…

A: Given that rate of interest = 6%rate of interest = 6100= .06Compounded monthly i.e n = 12 and t =1

Q: How much do we earn if we invest $1000 at 10% compounded annually for 10 years?  Round to the…

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Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

A: Topic-compound interest

Q: (a) If $1100 is borrowed at 9% interest, find the amounts due at the end of 3 years if the interest…

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Q: At what interest rate must $5600 be compounded annually to equal $13,057.18 after 11 yr? Round to…

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Q: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

Q: If 1800 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: To find the future value of the investment compounded annually, substitute 1800 for P, 0.05 for r, 1…

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

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Q: A house was valued at $120,000 in the year 1994. The value appreciated to $145,000 by the year 2004.…

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Q: How much should a mother invest at the time her daughter is born in order to provide her with…

A: A mother invest at the time her daughter is born in order to provide her with$95,000 at age 18. The…

Q: What interest rate compounded semiannually will yield an effective interest rate of 3%? A rate of %…

A: Rate of interest compounded semiannually

Q: Sumi Kato's savings account has a balance of $1292. After 12 years what will the amount of interest…

A: Compound interest formula

Q: A promissory note will pay $61000 at maturity 6 years from now. If you pay $38125 for the note, what…

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Q: How much should a mother invest at the time her son is born in order to provide him with $100,000 at…

A: Given Rate of interest 3% compounded monthly amount=$100,000 n=21 years   To evaluate Principal…

Q: years

A: Compounded quarterly, i.e. 4 times every year,    Investment  =  $1400  Rate  =  3.75%  =  0.0375…

Q: A passbook savings account has a rate of 10%. Find the effective annual​ yield, rounded to the…

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Q: Write down the formula for B if an annual interest rate of 4. 8% is compounded every second month.

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Q: compounded quarterly.

A: Tom deposited amount (P) = $1000 Interest = 3.5% = 0.035  Compounded quarterly so, (n) = 4 Amount…

Q: How much money must you invest today at 8% compounded quarterly so that your investment will be…

A: Future Value:  F.V. = $ 500,000 Interest Rate:  8% Time Period: 30 years

Q: How much money should be invested in an account that earns 9% interest, compounded quarterly, in…

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Q: How much monthly deposit must be made for 5 years and 5 month in order to acccumulate $120,000 at…

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Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

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Q: 31. What rate of interest compounded annually is required to double an investment in 3 years? How

A: Suppose A be the amount, P be the principal, r be the rate of interest and t be the time for n times…

Q: Entire What interest rate compounded monthly will yield an effective interest rate of 8%? ..... A…

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Q: a. What interest rate compounded monthly is equivalent to 3% compounded quarterly? % Round to four…

A: The solution is given below in the next step:

Q: What lump sum do parents need to deposit in an account

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Q: (a) If $1,500 is borrowed at 5.5% interest, find the amounts due at the end of 3 years if the…

A: Note:- As per our company guidelines we are supposed to answer only first three sub-parts. Kindly…

Q: How much was the initial amount of a loan if ₱ 354,000 was paid after 6 years with 8.5% rate of…

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