13) Under certain conditions, Swiss banks pay negative interest: they charge you. Suppose a bank "pays" -2.3% interest compounded annually. Find the compound amount for a deposit of $110,000 after 2 years.

Q: 18. Rommel borrows P20,700 and promised to pay the principal and interest at 12.5% compounded…

A: The formula for the amount using compound interest is A=p(1+rn)nt. Here, p is the principal, r is…

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: 3. Suppose you deposit $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: From the given information, it is observed that P = $1000, r = 7.2% = 0.072, and t = 5 years. Note…

Q: What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per annum?

A:

Q: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

Q: to have that amouni WiieTL I3 10. Berna borrowed from a cooperative Php 180 000 to be paid in 2 and…

A: Solution:

Q: Someone decides to invest $13,000 in a money market fund that guarantees a 6.3% annual interest rate…

A:

Q: 19. Diana put $8000 in a 10-year CD paying 5% interest compounded monthly. After 2 years, she…

A:

Q: What lump sum must be invested at 8%, compounded quarterly, for the investment to grow to $30,000 in…

A: we will useA =P1+rnntGiven A =$30,000r =0.08n=4      (quaterly)t =12 years

Q: A firm must pay off $40,000 worth of bonds in 7 years.(a) Find the amount of each annual payment to…

A:

Q: What lump sum do parents need to deposit in an account earning 9%, compounded monthly, so that it…

A: The formula to find the amount that aggregates in the account for the principal amount P at a…

Q: 1. Shirly started to deposit 18,000 semi-annually in a fund that pays 5% compounded semi-annually.…

A:

Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…

A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…

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: 2. If P6,780.00 is invested for ten years at an annual rate of 8% compounded semi-quarterly.…

A:

Q: How much should be deposited in an account paying 6% interest compounded monthly in order to have a…

A: For compound interest, we use this formula: A=P1+rnnt A is the final amount of money P is the…

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: 15. How long will it take an initial deposit of $1500.00 to increase in value to $2500.00 in a…

A:

Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: 3. What amount must be invested now in savings account earnings 996 compounded quarterly to…

A:

Q: 4. A consumer loan of P80,000 is obtained that is due 3 months from now. If interest  rate is 8%…

A:

Q: What is the interest rate compounded quarterly if 2,500,000 pesos is invested and the amount became…

A:

Q: 3. At what annual interest rate compounded semi-annually will a certain amouht triple nsen in 20…

A:

Q: 8. What amount of money is equivalent to receiving $5000 two years from today, if interest is…

A: $5000 two years from today, interest is compounded quarterly at the rate of 2.5 per quarter

Q: You want to be able to withdraw $3,800.00 from your account each month for 15 years after you…

A: Please check step 2 for the solution.

Q: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

Q: A company needs $7,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given: Required amount A=7,300,000 Number of years, t=15 Rate of interest, r=4.1% Number of times…

Q: 5. The present value of a perpetuity that will pay out $10 K per year forever is $250 K. Assuming…

A: Given that Present value=$ 250 K    Per year pay-out=$ 10 KAs it is forever paid . it is…

Q: 1. Cara needs $9,000 in11 years. What amount can she deposit at the end of each quarter at 6%…

A: To find: The amount can be deposited at the end of each quarter. Given information: Cara needs $9000…

Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: 3)if a child is given $25,000 at birth and that amount is invested at 9% annual interest, at what…

A:

Q: A $27,000, 7% bond redeemable at par with interest payable annually is bought 9 years before…

A:

Q: A person wants to invest $11,000 for 3 years and is considering two different investments. The first…

A: Given,  a person wants to invest $11, 000 for 3 years and is considering two different investments.…

Q: 2. A man wants to make 14% nominal interest compounded semi-annually on a bond investment. How much…

A: There is no such introduction for the solution.I have explained it within the solution.Please go…

Q: Ten annual installments of 65,000 pesos each starting at the end of the eleventh year from now, is…

A:

Q: 4. How much should be deposited in an account paying 7.5% interest compounded quarterly in order to…

A: Compound interest

Q: How much money has to be invested today in a security that promises to pay 7500 Omani Riyals at the…

A:

Q: 1. SAVINGS BANK OFFERS LON6-TERM SAVINGS CERTIFICATE AT 7/2 7% PER YEAR COMPOUNDED CONTINOUSLY, IF A…

A:

Q: 2. Will wants to set up an account to be used for travel when he retires in 30 years. He is able to…

A: According to the company policy, we can answer only first question

Q: 4. What principal must be deposited in a 4.5% saving account compounded monthly in order to have a…

A:

Q: 9) If Juan invests $7,000 at 6% annual interest rate compounded semi-annually Tor 12 years, how much…

A:

Q: 8. In order to have P50,000 in 5 years, how much should you invest if the compound interest is 5%?

A: Given : Amount=50,000 Time=5 years Rate of interest=5% Formula to calculate the Principal amount…

Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

A:

Q: 14) Southwest Dry Cleaners believes that it will need new equipment in 5 years. The equipment will…

A: Recall the following fact.

Q: 2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: interest rate  r=8%  =0.08 1st year withdrawal=$3000 according to question, subsequent withdrawals…