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- P863,171 is placed in an account at 3.66% compounded quarterly for 7 years. How much is in the account at the end of the term?Write your answer in two decimal places.SHOW SOLUTIONS AND WRITE NEATLY THE FORMULA Compound Interest Find the amount of interest on P33687 at the end of 6 years and 8 months, if the interest rate is 6.01 compounded quarterly. In 2 decimal values. NO need to input the peso signFind the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period for 7 years if the interest rate is 6% compounded semiannually. (Round your answer to two decimal places.) $
- You obtain a loan 1.5 at the rate of 18% compounded annually in order to build a house. The payment is made at the first day of the mont. How much must you pay monthly to amortize the loan with a period of ten yearsYou borrow $700,000 at 3% interest for 30 years on a mortgage. How much total will you pay back on the loan? Assume monthly compounding and round to two decimal places. Hint: Multiply the number of payments by the amount of the payment.What is the present value of a $750 payment when interest is 6.75% in 2 years? $657.90 $702.58 $447.76 $800.63
- what is the future of P600 deposited at the end of every month for 4 years if the interest rate is 12% compounded quarterly? (Upto 4 decimal places)P89,650 is placed in an account at 5.92% compounded daily for 7 years. How much is in the account at the end of the term?Write your answer in two decimal places.You were entitled to receive $5,000 at the end of six months for the rest of your life. If the interest rate is 10% compounded monthly, what is the present value of perpetuity? can someone explain how come the answer is 97,936.84?
- Money borrowed today is to be paid in 5 equal payments at the end of each quarter. If the interest is 3% compounded quarterly, how much was initially borrowed if quarterly payment is ₱ 21,293?Money borrowed today is to be paid in 6 equal payments at the end of each quarter. If the interest is 2% compounded quarterly, how much was initially borrowed if quarterly payment is 27,928?Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is 12% compounded quarterly. How much was initially borrowed if quarterly payment is ₱ 2,000.00?