30. A business barrows $80,000 at 9.42% interest compounded weekly for 8 years. (a) What is the weekly payment? (b) What is the unpaid balance at the end of the second year? (c) How much interest was paid during the first 2 years?

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: 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: 5. A car may be purchased with a $3500 down payment now and 72 monthly payments of $480. If the…

A: Monthly payment of the loan is A=$480 and number of monthly payments is 72  Monthly rate of interest…

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

A: .

Q: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

Q: 2. Roel purchased a car from a financial institution. If the cost of the car is Php1,250,000.00 and…

A: The formula for amount when interest is compounded quarterly is A=P1+r44t Here, P= Prinicipal amount…

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

A: please comment if you need any clarification. If you find my answer useful please put thumbs up.…

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

A:

Q: HOW IS THE MONTHLY PAYMENT OF 350,00 LOÀN WHICH IS TO BE REPAID MONTHLY FOR 1 YEAR WITH AN INTEREST…

A: This is a compound interest problem and I solved it in the next steps.

Q: 7.) Imani is investing $25000 in a mutual fund that pays 2.3% interest compounded weekly. How much…

A: Given  Principal = $25000 rate = 2.3% compounded weekly time=10 years

Q: Suppose Joe places $4000 in an account that pays 8% interest compounded each year. Assume that no…

A: Here we are finding the amount after 1 year..

Q: 19. Diana put $8000 in a 10-year CD paying 5% interest compounded monthly. After 2 years, she…

A:

Q: At the end of the year, how much would an account worth in a banking institution when quarterly…

A: To find the amount in account Given nominal rate = 12.5 % per annum compounded quarterly

Q: Suppose you wish to retire at the age of 60 with $70,000 in savings. Determine your monthly payment…

A: Future Value of an Annuity Due-C = C*[(1+i)^n-1]/i] * (1+i)

Q: 1. Shirly started to deposit 18,000 semi-annually in a fund that pays 5% compounded semi-annually.…

A:

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: A company wants to have $200,000 available in 3 years for new construction. How much should be…

A: topic - application of geometric progression

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

A:

Q: 14. If Tanisha opens an account with $5000 at an interest rate of 7% compounded weekly (Use 52…

A:

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: What is the accumulated value of periodic deposits of $4,000 made into an investment fund at the…

A:

Q: . What is the monthly payment on a 30 year, $250,000 mortgage, with an interest rate of 4%,…

A: here n = 30*12 = 360 month  i = 4 = 4/12 = 1/3% monthly P = $250000 monthly payment =…

Q: A man inherited a regular endowment of ₱ 100,000 every end of 3 months for n years. However, he may…

A: Given Amount A=P100000period n=n years=4n quarters.i=14%=14100×14=0.035 quarterly

Q: 6. Find the amount necessary to fund yearly withdrawals of $3000 for 12 years with interest rate…

A: Compound interest problem......

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

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

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

A:

Q: mpounding interest and an APR of 4.5% in sume no additional deposits are made.

A: Given as, 8 years is $25,000 and APR of 4.5%.

Q: What is the accumulated value of periodic deposits of $3,500 made into an investment fund at the…

A: Given problem:- What is the accumulated value of periodic deposits of $3,500 made into an investment…

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: 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: 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: 1. Cara needs $9,000 in11 years. What amount can she deposit at the end of each quarter at 6%…

A: To find: The amount can be deposited at the end of each quarter. Given information: Cara needs $9000…

Q: 3. I want to save $5,000 for a down payment on a car. To the nearest dollar, how much will I need to…

A:

Q: What is the accumulated value of periodic deposits of $4,500 made into an investment fund at the…

A:

Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

A:

Q: 8. The Bagel Bank pays 9.1% interest compounded monthly. What is the effective annual percentage…

A:

Q: What is the cash value of a lease requiring payments of $1,362.00at the beginning of every year for…

A:

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

A: Compound interest

Q: 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years…

A:

Q: 4. What principal must be deposited in a 4.5% saving account compounded monthly in order to have a…

A:

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…

A:

Q: 3. Find the present value of 10 semi-annual payments of P 3, 000 each if the first payment is due 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: 14) Southwest Dry Cleaners believes that it will need new equipment in 5 years. The equipment will…

A: Recall the following fact.

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: 2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: 2. Determine the regular monthly deposit required to accumulate $10,000 in 5 years at an annual…

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…