5. Jon invests an unknown amount of money at a monthly compound interest rate of 0.5%. After 6 years Jon has $800. How much did Jon initially invest?

Q: 4. If you pay P50.00 at the end of each month for 40 years on account that pays interest at 10%…

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

Q: 13. Calculate the simple interest on a bank loan of $200,000 for a month, with a quoted rate of 6%…

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: 5. You are the proud parent of a baby girl. You estimate that the cost of her college education 18…

A: You are the proud parent of a baby girl. You estimate that the cost of her college education is…

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

A:

Q: 4.9 For a Federal Credit Union that offers an interest rate of 8% per year, compounded monthly…

A: Note: Since you have asked multiple question, we will solve the first question for you. If you want…

Q: 1. How much is your loan amount today if you are going to repay using 80 equal monthly payments of…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: 1. If a sum of RM4,913 becomes RM12,167 in three years then find the rate of interest per annum…

A: Hi, since you have asked multiple questions, we will solve the first question for you. If want any…

Q: An investment will pay 5000 dollars at the beginning of 2001, and 3800 dollars at the beginning of…

A:

Q: 1.2) You lend a friend RM20,000 for a year at an annual interest rate of 5%. At the end of the year…

A: We have, you lend a friend RM20,000 for a year at an annual interest rate of 5%. We know that,…

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

A:

Q: 4. Amir invests $1000 at an annual compound interest rate of 2% for 10 years. How much is Amir's…

A: If the principal amount is $ P The annual compound rate of interest r%. The time duration t year if…

Q: 12. Mr. Cruz plans to invest P45,000 on his son's birth for his son's education 5 years later. If…

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: 2. Ricky is 35 years old. He plans to retire when he is 63. He has opened a traditional retirement…

A: We will solve the following.

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: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…

Q: 17. Dennis just inherited $10,000 from a distant relative who passed away. After spending $2,000 on…

A:

Q: 15. How long will it take an initial deposit of $1500.00 to increase in value to $2500.00 in a…

A:

Q: 4. Determine the time necessary for $3500 to mature to $22,000 in an account that pays 7.2% annual…

A: we have to define time required

Q: 2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for 1 year. The first…

A: We will find out the required value.

Q: 7. Oluwatoyin buys a $5500 investment certificate that pays 5.35% simple interest per year. How much…

A: Given information Cost of investment certificate=$5500. Rate of interest r=5.35% Time t=3 years…

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: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…

A:

Q: 8. A loan of 67,000 pesos is to be amortized by paying quarterly in 1 year. If the money is worth…

A:

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: 5. The present value of a perpetuity that will pay out $10 K per year forever is $250 K. Assuming…

A: Given that Present value=$ 250 K    Per year pay-out=$ 10 KAs it is forever paid . it is…

Q: i. How much must you invest today to withdraw P2,000 annually for 10 years if the interest rate is…

A: Amount after 10 years (A)= 2000 rate of interest (r) = 9%= 0.09 time t=10 years To find principle…

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: 1. Determine the amount of money invested today at 12% interest can provide the following…

A: Given that, We need P312,000 for 6 year, P227,000 for the next 6 year and P89,000 thereafter. Now…

Q: I An account bcaring interest at 6 percent compounded semiannually was established 10 years ago. The…

A: Given that an account bearing interest at 6 percent compounded semiannually was established 10 years…

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

A:

Q: 13. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

A: Principal : 50,000 Interest amount : 10,000 Rate = 4%=0.04

Q: 11. Mr Alberto expects to have P1 615 200 in his fund at the end of 12 years. How much will he…

A: Let us consider the principal amount be P  Then the amount obtained after t years at the interest…

Q: B 1. A conservative invesment account pays 2% interest. If you deposit 500 a week into this…

A: Let's find.

Q: How much money has to be invested today in a security that promises to pay 7500 Omani Riyals at the…

A:

Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

A:

Q: 4. Sydney is saving for a down payment on a new home. Each month she deposits $150 into an account…

A:

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

A:

Q: 1. Jack buys a furniture set costing $23,845 and chose to finance the money through the store for 18…

A: The formula to calculate the equal monthly installments of a loan is given by the expression: EMI =…

Q: 1. A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is…

A: Multiple questions-"As per our guidelines we are suppose to answer only one question.Kindly re-post…

Q: 13. (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9750.…

A:

Q: 8. In order to have P50,000 in 5 years, how much should you invest if the compound interest is 5%?

A: Given : Amount=50,000 Time=5 years Rate of interest=5% Formula to calculate the Principal amount…

Q: 15. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple…

A:

Q: 1. At 10% interest rate, how much should you invest today to be able to withdraw Php10,000.00…

A: Given Future value=10000 Yearly invest rate (r) =10%=0.10 Total number of years (n) =10

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: 14. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A: