15. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple annual interest for 10 years?

Q: How much money should be deposited in an acciunt today that earns simple interest 4% compounded…

A: We are given interest, r = 4%, t = 5 years and the final amount(A) = $10,000. Now, we need to find…

Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

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: Suppose that a person deposits 10.000 dollars in a savings account at a bank yielding % 11 per year…

A: Given information P=$10,000 r=11% ⇒r=11100=0.11 Since, interest is compounded annually Hence, n=1 We…

Q: 5. Suppose that $4100 is invested at 2.3 % compounded quarterly. How much will be in the account…

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Q: 14. If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would to save…

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Q: You want to be able to withdraw $50,000 from your account each year for 30 years after you retire.…

A: We will solve the problem.

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: What is the present value of an investment at 5% annual simple interest if it is worth $1250 in 18…

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Q: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

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

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Q: 7. Catherine has invested $25,000 in an account that pays 8.4% compounded monthly. How long will it…

A: Principal (P)= $25000 Rate of interest (r)= 8.4%= 0.084 n=12 (since compounded monthly) Let time be…

Q: 7. Suppose you found a CD that pays 4.1% interest compounded monthly for 6 years. If you deposit…

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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: You want to be able to withdraw $35,000 from your account each year for 15 years after you retire.…

A: We have to find how much will we need to deposit each year until retirement to achieve our…

Q: 11. A company invests Php10,000 today to be repaid in 5 years in one lump sum at 12% compounded…

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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: You want to be able to withdraw $50,000 from your account each year for 25 years after you retire.…

A: Given that, You want to be able to withdraw $50,000 from your account each year for 25 years after…

Q: 4. You put 5000 dollars in a saving account that pays 2.5 percent interest annually. What is the…

A: From the given information, the principal is P=5000, interest rate 2.5% and the time is n years.…

Q: Faber castle, A manufacturer of pencils, invest P82,000 with interest compounded quarterly for six…

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Q: Suppose that $7,100 is invested at 4.5% annual interest​ rate, compounded monthly. How much money…

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Q: You

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Q: 3.An amount of 1000 becomes 1608.44 after 4 yrs compounded bi monthly determine the nominal and…

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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: Suppose you want to accumulate 120,00 for your retirement in 30 years. Make a single deposit into an…

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Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: How much interest was earned by an investment that earns at a rate of 9% compounded semi-annually…

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Q: 1) Pranav invests $2,310 in a savings account with a fixed annual interest rate of 7% compounded 12…

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Q: In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 25 and…

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Q: How much money should you deposit in a bank so that it will accumulate to ₱100,000 at 1% simple…

A:

Q: 13. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

A: Principal : 50,000 Interest amount : 10,000 Rate = 4%=0.04

Q: 5 How many years will it take to be able to accumulate P20,000 to P32,427.25 at 1.75% simple…

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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: How much money should be deposited today in an account that earns 7% compounded semiannually so that…

A: Let $x should be deposited today that earns 7y.Compound semi annually. So that it will accumulate…

Q: At what interest rate will ₱120,000 earn ₱37,800 interest after 3 ½ years?

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Q: What is the balance and amount of interest earned if $1000 is invested at the end of each quater…

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Q: 3. What is the amount in the RRSP after 5.5 years? 4. How much interest will the RRSP have earned in…

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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: 4. How long will 1 million pesos earn a simple interest of 200.000 at 2% per annum?

A: Since you have asked multiple questions, we will solve the fourth question for you simple interest…

Q: In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 32 and…

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Q: 2.A man is required to pay 57500 at the end of 15 days or 60000 at the end of 60 days. Determine the…

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Q: Is it true that if maxine deposited 1000 dollars into an account that pays 4.5% intrest , compounded…

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Q: What lump sum should be deposited in an account that will earn 8% compounded every 2 months, to grow…

A: Rate of interest, r = 8% = 0.08   Compounded every two month,   :. Number of compounding intervals…

Q: 2. Sonia invested P 2,100 and left it for 9 years where the time in which the principal was…

A: Given that Principal amount = 2100 Rate of interest = 8.5% (compounded annually) Time period = 20…

Q: Suppose that $600 are deposited at the beginning of each quarter for 10 years into an account that…

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Q: How much money should be deposited today in an account that earns 8% compounded semiannually so that…

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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: 17. An account with an initial deposit of $ 6,500 earns 7.2% annual interest, compounded annually.…

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Q: 18. Alphonse is going to put $2500 in an interest bearing account that pays 3% interest and leave it…

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