2. Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded semi-annually for 5 years while Quezon Premier Bank is offering 7% compounded monthly for 5 years. Which bank should she deposit her money?

Q: Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15% compounded semiannually and…

A: Given: Jomai borrowed P 6666.00 for t=2.5 years and the interest rate 15%(compounded semiannually),…

Q: Suppose mr. Sison would like to save P5,000 every month in a fund that gives 9% compounded monthly.…

A:

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: hoi Home Repair needs to accumulate $26,000 in 6 years to purchase new equipment. What sinking fund…

A: .

Q: A student wants to save up to purchase a P105,000 property in cash at the end of 5 years. If he…

A:

Q: If $90,000 is invested in an annuity that earns 5.9% compounded quarterly, what payments will it…

A: Solution

Q: What offer is more convenient for a factory salesperson, if the money can be invested at 10%…

A: Given:-             Rate of annual interest = 10% compounded monthly            Rate of monthly…

Q: A man receives 125,000.00 credit for his old car when buying a new model costing 375,000.00. What…

A: Given information Buying price=$375,000 Old car exchange value=$125,000 Interest rate r=6% Since,…

Q: . Key has set up a fund in order to have $20,000 in 18 years for his children’s college education.…

A:

Q: What single payment today would replace a payment of $1,250 in 2 years and a payment of $5,500 in 5…

A:

Q: If Nerissa’s savings deposit yields 5%compounded quarterly, should shechange her investment to a…

A: According to the question we have to check the net multiplying factor.

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: 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: )If the same two $15,000 deposits are made (at time 0 and end of year 4) into a different account…

A: Principal amount= 15000$ Intrest = 8.4 Compund intrest quarterly.

Q: 14. Jeanine plans to deposit $875 quarterly for 3 years, into an account. With an interest rate of…

A:

Q: The Pirerras are planning to go to Europe in 3 years, and have agreed to set aside $150 per month…

A:

Q: OHigginsBooks.com can afford to pay only $3,100 per month to service its debt. What, to the nearest…

A:

Q: The Pierras are planning to go to Europe 3 years from now and have agreed to set aside $180/month…

A: Given  The periodic payment $180 per month Periodic interest rate is 2%/year periods per year is 12…

Q: 4. Mr. Torres plans to invest Php100, 000.00 in a savings account at the time of his son's birth and…

A: Given query is to find the rate of interest.pp

Q: 2 Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the…

A: Given:-             Harry paid $250,000 for a 15-year indexed annuity in which the monthlypayments…

Q: The Jones want to save $51,000.00 in 2 years for a down payment on a house. If they make monthly…

A: FV=PMT1+rnnt-1rn FV=51000 t=2 years r=3%=0.03 n=12 for a monthly payment

Q: Luis has $120,000 in his retirement account at his present company. Because he is assuming a…

A: Given that, Luis plans to roll over $120,000 to a new account. Luis also plans to put $3000/quarter…

Q: If an apartment complex will need painting in 2 1 2 years and the job will cost $135,000, what…

A:

Q: 3. Jay just graduated from college and he has decided to open a retirement account that pays 1.75%…

A:

Q: When must an obligation of P3,483 be made  to extinguish a loan of P3,000 which bears interest at 4%…

A: Let x be the number of days after which an obligation of P3,483 is to be made to extinguish a loan…

Q: #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly.…

A: We have to find amount

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

A:

Q: Harry is 30 years old and plans to retire at age 70 years with $1,200,000 in his retirement account.…

A: We have given A=$1,200,000  ,r=2.75% t=70-30=40 years compounded quartly (n)=4we know the formula…

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

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

A: SOLUTION-

Q: Kevin invested $2,500 in an account paying an interest rate of 2.7% compounded daily. Assuming no…

A:

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

A: Compound interest

Q: 4. Brian wishes his son to receive P500,000.00 twenty years from now. What amount should he invest…

A: Brain wishes fis son to receive P500,000.00 twenty years from now.

Q: How much should a $10,000 facevalue, zero-coupon bond, maturing in 10 years, be sold for now if its…

A: Face value =$10000number of years, n=10rate of interest, r=8%=8100=0.08

Q: How much should be invested in an account paying 9% compounded daily for it to accumulate to $5,000…

A: How much should be invested in an account paying 9% compounded daily for it toaccumulate to $5,000…

Q: On January  1,  2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60 interest. If the…

A: Given that, On January 1, 2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60…

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: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

Q: Lauren plans to deposit $7000 into a bank account at the beginning of next month and $250/month into…

A: Let , r=interest rate = 2%=0.02  n = number of interval = 12 t =duration of payment = 4 years…

Q: Five years ago, Diane secured a bank loan of $300,000 to help finance the purchase of a loft in the…

A: We will use the formula,  A=R1-(1+i)-ni where A =300,000, i=12%12=1%=0.01   n= 30*12=360 so,…

Q: 2. A Php1,000,000-trust fund was set up and to be used by an 8-year old nephew when he goes to…

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

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: Bob deposited $4,000 into an account with 5.1% interest compounded quarterly. Assuming that no…

A: Given P=$4000R=5.1%Time=3 yearsn=4 (Quarterly)A(t)=P(1+rn)nt

Q: To prepare for an upcoming equipment purchase, the finance team at Canada Wire Corp. has invested…

A:

Q: You are considering taking out a loan of $10,000.00 that will be paid back over 8 years with monthly…

A: L=PMT1-1+rn-trn PMT=135.84 n=12 for monthly payment r=6.9%=0.069 here we need to find the unpaid…

Q: ou have set up a life annuity with a present value of $250,000. If your life expectancy at…

A:

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…