4. Describe the difference between simple and compound interest.
Q: ABC University anticipates additonal expenses of P367,800.00 for a new equipment needed for offering…
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Q: What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 22…
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Q: A financial adviser recommends a client deposit $1500 in a fund that earns 9.5% annual interest…
A: To find the interest rate per month
Q: A guy named Stranger Thing can afford to pay $545 each MONTH for the next 6 years to pay towards a…
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Q: What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per annum?
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Q: at simple what interest rate per annum will P20,000 accumulate to P25,000 in 3 years?
A: Given Amount(A) = 25000 Principle(P) = 20000 Time(T) = 3years
Q: Capitec bank announced that their saving account would pay a nominal interest rate of 11% p.a…
A: The effective interest rate for a period is the interest paid for the specific amount of time or…
Q: Determine the equivalent effective interest rate of the 20% nominal interest compounding ona monthly…
A: Given, Nominal interest rate( i )=20% =0.2 n=12 ( i.e. monthly compounded in a year means 12…
Q: mple mteiest was eanmed of deposit earned an interest rate of %.
A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…
Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…
A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.
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: Find the present value of amount. $2000 if interest is 6% compounded annually for 5 years
A: Compound interest formula is A=P1+rnt Where A=AmountP=Present valuer=interest raten=number of times…
Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years
A: The formula for calculating compound interest when time period is specified in years and interest…
Q: Suppose you deposit $1000 in an account that earns 7% interest compounded annually. What will the…
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Q: Find the effective rate of interest.; For 6% compounded monthly
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Q: Find the effective rate of interest.For 5% compounded quarterly
A: Effective interest rate is the equivalent annual interest rate compounded annually which is…
Q: what is the simple interest on $15,000 for 3 years at a rate of 4% per year
A:
Q: If the difference between ordinary and exact Interest is $ 3, find the ordinary interest?
A: Assume x= number of days in a loan period. So, ordinary and exact interest will be,
Q: Describe the difference between simple and compound interest.
A: We will find out the required solution.
Q: 5a. $10,000 is borrowed at 6% per year compounded monthly. What is the effective annual interest…
A: $10,000 is borrowed at 6% per year compounded monthly.
Q: What is the simple interest on ₱12,500 at 8% for 9 months?
A: Formula for simple interest is as follows : I = P×R×T Where , P is principal amount. R is Interest…
Q: What is the annual effective interest rate of a loan that is the compounded daily, if the nominal…
A: We know, effective interest rate = nominal interest ratenumber of compounding period in a year…
Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?
A: Solution
Q: What is the annual percentage yield of 14% compounded monthly? APY= ________ %
A: Solution: In the given we have to find the annual percentage yield of 14% compounded monthly.
Q: determine the interest rate in % compounded annually if the compound amount factor is 1.069 for a…
A: The formula for compound interest is A= P(1+rn)nt Where A = accumulated amount, P= principal, r =…
Q: Calculate the simple interest earned on a investment of $ 700,000 after…
A:
Q: Derive the formula of the compound interest for the montly investment plan
A: The annual compound interest is given by Compound Interest (C.I)=P*(1+R%)t .........(1) Where P is…
Q: 4. What is the difference between simple interest and compound interest?
A:
Q: Suppose you see a car with a car with an advertised price of $14,500 at $410.83 per month for 4…
A: Given, Advertised price $14,500 at $410.83 per month for 4 years.
Q: What simple interest rate will convert a $200 investment into $220 in one year?
A: we know the formula: simple interest (SI)=P×r×t100 where P is the principle(investment) amount, r is…
Q: If i = .06 what is the equivalent nominal annual rate of interest compounded monthly? the nominal…
A: Here, total number of months is 12. rate of interest, i =0.06.
Q: Suppose you saw a sign at your local bank that said, "5.3% rate compounded semiannually – 5.5%…
A: Given the data :
Q: What is the relationship between the geometric average rate of return and compound interest?
A: The geometric average return formula (also known as geometric mean return) is a formula for…
Q: Determine the amount of an investment if $500 is invested at an interest rate of 4.25% compounded…
A: Use formula of compound interest
Q: What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent.
A:
Q: sam long anticipates he will need approximately $225,300 in 12 years to cover his 3-year-old…
A: We will find out the required value.
Q: Compare the final amounts at the end of a year of $100 invested at 5% in two ways: simple interest…
A:
Q: Analysts at Sky West Airlines did a 3 year projection of expenses. They calculated that the company…
A:
Q: monthly
A:
Q: MA1B What is the difference between simple interest and compound interest?
A: What is the difference between simple interest and compound interest?
Q: mal interest rate compounded
A:
Q: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…
A: Here P=50,000 F V=100,000 r=9%=0.09 n=4
Q: Calculate the present value of a compound interest account that will have $15,000 after 12 years at…
A: To Determine: Calculate the present value of a compound interest account that will have $15,000…
Q: What quarterly interest rate equals an annual interest rate of 15 %? Give your answer as a decimal…
A: Given problem is : What quarterly interest rate equals an annual interest rate of 15 %? Give…
Q: A bank offers 7.5% interest compounded monthly. What is the annual percentage yield (APY)?
A: Given A bank offers a 7.5% interest compounded monthly. Here r=0.075 k=12
Q: On his 7th birthday, Lee was left with an inheritance. The inheritance will be paid in a lump sum of…
A: The value of the inheritance as of Lee’s 7th birthday= 4723.432
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