2. Suppose Carlo has P34,500 to invest but wants P40,000 for a new pair of branded rubbershoes. He finds a bank offering 5.25% interest per annum, compounded quarterly. How long will he have to leave his money in the account to have P40,000?

Q: Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: The amount of deposit = P 17,000 Rate of interest = 7.5% compounded semi-annually  Time period = 5…

Q: If $400 is invested at 18% compounded quarterly, what is the interest earned after: a) 2 years…

A: Given data: The given principal is P=$400. The given quarterly interest is r=18%=0.18. a) The given…

Q: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

Q: 6. How much more money would you have by investing $100,000 for 1 year into an account paying 4.2%…

A:

Q: /2. Jimmy invests $4,000 in an account that pays 2% annual interest, compounded semi-annually. What…

A: 2. The principal amount, P = $4000 Rate of interest, r=2%=0.02 The number of times the interest…

Q: 1. Mr. Robert deposits P30,000 in National Bank for 3 years which earn him an interest of 2.8% per…

A: The compound interest formula is given by the equation A=P1+rnnt. Here, A is the accrued amount…

Q: Find the years it will take for a principal P to double if invested at a rate of 4% compounded…

A:

Q: 44. If you invest $10,400 in the United States, and the interest is compounded monthly, when, to the…

A:

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

A:

Q: Jim places $10,000 in a bank account that pays 5.8% compounded continuously. After 2 years, will he…

A: Initial amount = P= 10000Interest rate = r= 5.8% = 0.058Time = t= 2 yearsWe use continuous compound…

Q: Suppose that $7,000 is invested at 4%, compounded semiannually. How much is in the account at the…

A: Amount for compound interest:If P amount of money is invested for t years at r% rate of interest…

Q: How much should Rebecca have in a savings account that is earning 3.50% compounded semi-annually, if…

A:

Q: Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is…

A: The principal amount Evelyn is going to invest is:  $3,500 Time period:  t = 16 years Interest is…

Q: Suppose that Charles has $75000 to invest. He finds that Company A is offering a 2.51% APY, Company…

A:

Q: c. Suppose that you had the opportunity of investing $5000 in a business such that the value of the…

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

Q: Assume that you can earn 6% on an investment, compounded daily. Which of the following options would…

A:

Q: Jim places $10,000 in a bank account that pays 8.7% compounded continuously. After 2 years, will he…

A: P0=$10,000t=2 yearsr=8.7100 (first bank)

Q: The AMD investment company has advertised a new Mutual Fund  that has advertised to pay 10 %…

A: new Mutual Fund that has advertised to pay 10 % compounded continuously. Bob invested $ 8,500 in the…

Q: How long was ₱30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

A: Given, P= 30,000 A= 50,000 r=8.25%=0.0825 n=12(compounded monthly)

Q: 1. Ken is paying 2,500 every 3 months for the amount he borrowed at an interest rate of 8%…

A: Let us find the loan amount for the following EMI program in the next steps.

Q: Paul is a retiree living on Social Security and the income from his investment. Currently, his $100,…

A:

Q: 4. What initial investment would result in $20.000 after 12 years if the interest rate is 3.6% and…

A:

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: How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly?…

A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

Q: What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a…

A: Let S be the sum deposited . and Let A be the compound  amount i.e. A=$50,000 Now t=6 years It is…

Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…

A: The initial amount is: $450 The compound interest is: 3.9% The amount interested per annum…

Q: If $1000 is invested at a rate of 5.60% compounded monthly (n = 12), what is the principal after…

A: Given that P=$1000 r=5.60% n=12, t=4 years The formula for Compound interest is A=P1+rnn.t Where, A-…

Q: Suppose you want to accumulate $350,000 for your retirement in 20 years. You find an investment that…

A:

Q: If I make an initial investment of $10,000 in a period of 2 years, what will be the value of my…

A: Answer=$10407.07

Q: What is the value of an investment of $3,500 after 2 years if it earns 1.5% compounded quarterly?

A: Compounded interest for an investment of P done for a period of t years at an interest rate of r…

Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

A:

Q: Jim places $10,000 in a bank account that pays 12.7% compounded continuously. After 2 years, will he…

A:

Q: A1 You hold a short position in an asset with a price of $50 and write a 6-month put (exercise price…

A:

Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

A:

Q: Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% if the…

A:

Q: b. Suppose you as a businessman leave an initial amount of $600 in a savings account at an annual…

A:

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

A:

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

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: you want to retire with $1,500,000 in 40 years and can earn a rate of 10.8% with monthly…

A: We can find pmt using Excel .

Q: Your 6 1/4 year investment of $40,000 at 14% compounded quarterly is worth how

A: We have to find the amount

Q: 4. a. Suppose that betwee 401(k) and your employer 8.3%compounded annually dollar, after 18 years?

A:

Q: 7. If you invest $3200 at 3.5% compounded monthly how much will you have at the end of 4 years?

A:

Q: van wants to put some money into an investment fund that has paid, on average, 13.2% per ar,…

A: Given query is to find the investment amount so that the future value will be 10000

Q: hen I was considering what to do with the $15,000 proceeds from my sale of technology ock, my broker…

A:

Q: If $200 is invested at 14% compounded quarterly, what is the interest earned after: a) 3 years…

A:

Q: 4. Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years,…

A: Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years, compounded…