15. How long will it take an initial deposit of $1500.00 to increase in value to $2500.00 in a saving account with an APY of 3.1 %? Assume the interest rate remains constant and no additional deposits or withdrawals are made.

Q: 3. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10%…

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Q: (ii) What would be the annual interest rate needed to triple over ten years an initial $5000…

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

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Q: 4.9 For a Federal Credit Union that offers an interest rate of 8% per year, compounded monthly…

A: Note: Since you have asked multiple question, we will solve the first question for you. If you want…

Q: 3. If P = P85,500, and r = 1.25% compounded monthly for 1 year, find the compound interest. What is…

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Q: 6. How much should you deposit at the end of each month into an IRA that pays 5.5% compounded…

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Q: An investment will pay 5000 dollars at the beginning of 2001, and 3800 dollars at the beginning of…

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Q: A mortgage for a condominium had a principal balance of $45,700 that had to be amortized over the…

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Q: 12. Mr. Cruz plans to invest P45,000 on his son's birth for his son's education 5 years later. If…

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Q: 2. A car is being sold for P15,000 per month for 10 years at a monthly interest rate of 10%. Find…

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Q: 3. What is the present equivalent of a uniform series of annual payments of 53,500 each for five…

A: topic - sum of geometric progression

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

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Q: A loan of $10,000 is to be amortized with 10 equal quarterly payments. The interest rate is 6%…

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Q: 2. What equal payments at the beginning of each 2 months for 4 years will discharge a debt of P 18o,…

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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: 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: Suppose a credit card has an APR of 22.41% and changes its compounding period from daily to monthly.…

A: Suppose a credit card has anAPR of 22.41% and changes itscompounding period from dailyto monthly.…

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: If you deposit $100 in a bank account that yields an annual percentage rate (APR) of 6%, what will…

A: From the given information, the deposit amount is $ 100.Percentage rate is 6% or 0.06.

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: 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: 7. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A: Note: We will answer the first question only as the exact one is not specified. Please resubmit the…

Q: i. How much must you invest today to withdraw P2,000 annually for 10 years if the interest rate is…

A: Amount after 10 years (A)= 2000 rate of interest (r) = 9%= 0.09 time t=10 years To find principle…

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: 1. Find the simple interest earned on a deposit of S5,750 that is left on deposit for 3.5 years and…

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

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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: 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: 1.) Your 3 year investment of $20,000 received 5.2% interested compounded semi annually. What is…

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Q: A debt of $8,800 is to be amortized with 8 equal semiannual payments of $1,417.12. If the annual…

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Q: 2. How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: 2 Given information A=$30,000 APR=6% ⇒r=6100=0.06 Time t=10 years Since, rate of interest compounded…

Q: 1) Suppose a credit card borrower has a debt of $4000 with an interest rate of 24%. Assume the…

A: Formula for the compound interest is given by,

Q: Suppose Billy is carrying forward a $1900 tuition balance from the previous month. His annual…

A: Billy is carrying forward a$1900 tution balance from the previous month. Annual interest rate of…

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

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Q: Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 5%, with…

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Q: 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an…

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Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

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Q: 2. What is the monthly payment for a loan of 100,000 over 5 yea nominal interest rate is 12%…

A: This is a problem of financial math, series.

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

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Q: Compute for the Effective Interest Rate Payment Period = Semi-annual 1. 10% Compounded Yearly =…

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Q: It is desired to make an initial lump sum investment that will provide for a withdrawal of P 5000 at…

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Q: 4. Amal wants to have $40000 available for a down payment on a house in 10 years. How much should…

A: Since you have asked multiple questions in a single request so we will be answering only first…

Q: The price of a new car is $20,000. Assume that an individual makes a downpayment of 25% toward the…

A: Given that The price of a new car is $20,000. Assume that an individual makes a downpayment of 25%…

Q: Suppose that on January 1 you have a balance of ​$3500 on a credit card whose APR is 18​%, which you…

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Q: - Given a nominal interest rate of 5.3%, compounded daily, determine the APY.

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

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Q: 14. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

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Q: 9. (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at…

A: To find how much should a mother invest at the time her son is born to provide himwith $80,000 at…