7. Andre De Quadros bought a $1500, 9-month certificate of deposit (CD) that would earn 9% annual simple interest. What is the value of the CD when it matures?

Q: An investor deposits 10,000 into a savings account that sets its interest rate for the year on the…

A: The account balance at end of time can be calculated with the help of future value function

Q: Suppose you currently have $20,000 and plan to purchase a 8-year certificate of deposit (CD) that…

A: Every individual makes some investment of their income or savings just to earn some extra income in…

Q: Mr. Dalisay applied for a bank loan with a principal of P150,000 to be paid after five years in…

A: Principal loan amount = P150,000 Loan period = 5 years Current market rate = 0.10     Principal will…

Q: ou invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for the…

A: Future Value Future value is what a sum of money invested today will become over time, at a rate of…

Q: A man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…

A: Given, Loan borrowed is P150,600 Interest rate is 5.36% compounded annually

Q: 7) Mr. Allan borrowed from Mr. Tan 2k on Jan. 1988 & P5k on Jan. 1989. For 3 consecutive yrs…

A: As per honor code, we’ll answer only one question at a time, we have answered the first question…

Q: JG Asset Services is recommending that you invest $1,400 in a 5-year certificate of deposit (CD)…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Bill Casler bought a $6000, 9-month certificate of deposit (CD) that would earn 9.2% annual simple…

A: Here, To Find: Part A. Value of CD =? Part B. Present value of CD before maturity =? Part C. Annual…

Q: • Determine the exact simple interest on P5,000 for the period from Jan 15 to Nov 28, 1992 if the…

A: Simple interest = Principal * Rate of interest * Period Where, Principal = 5000 Interest = 22%…

Q: Trevor purchased a 90-day interest-bearing note at 4.80% p.a. that has a face value of $25,000.00.…

A: Solution:- When an interest bearing note is purchased, it provides interest to the holder. So,…

Q: 2. A woman invests $5,000 in a 18-month CD (Certificate of Deposit) paying 5.2% compounded…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 0. Dirk Ward borrowed $13,000.00 for investment purposes on May 24 on a demand note providing for a…

A:

Q: Sam borrows RM7000 for 100 days at 9% per annum simple interest. What is the amount at the end of…

A: Simple Interest per annum = Principal amount × Interest rate    Simple Interest for 100 days =…

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

A: Note : All the Given Options are incorrect , so we are solving the correct one for you as per the…

Q: 4. An investor has P 70,000 and places part of it in bonds paying 12% interest per year and the rest…

A: We need to use simple interest formula  Simple interest =principal*rate *time

Q: When you buy a certificate of deposit (CD), you are investing your money in an account that earns…

A: The formula used to compute final worth of CD as follows: A=P1+rnnt

Q: trend has openned an RRSP account by making an initial deposit of $1000. he intends to make annual…

A: Future Value of Growing Annuity helps in ascertaining the total amount accumulated at the end of a…

Q: Give the Given, solution and cash flow diagram Benchie owns a legal instrument, due three years…

A: The value of note refers to the discounting of the maturity value of the note at the compounding…

Q: Mathew takes a loan that charged interest at 3.75% compounded monthly. He repays the loan in 9 years…

A: First of all, we will have to find the loan amount. For that we will use the present value of…

Q: Mr. O got a 5 year, 100,000 dollars balloon commercial loan. The annual interest rate is 6% and the…

A: Loan amount (L) = $100000 r = 6% per annum = 0.5% per month n = 30 years = 360 months Let X =…

Q: o-Fast invests $20,000 in a certificate of deposit that mature safter 7 years and pays 9 percent…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: 4. Leti Fuschia decided to invest P100,000.00 in Road Dirty Inc., for a period of 6 years. Determine…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Andre De Quadros bought a $1500, 9-month certificate of deposit (CD) that would earn 9% annual…

A: Certificate of Deposit is provided by credit unions or banks and which offers an interest rate…

Q: 6. A consumer loan worth 83,000 pesos is to be repaid in 18 months at 8% convertible monthly. How…

A: Here, Details of Ques-6: Mortgage Amount (P) is  83,000 pesos Interest Rate (r) is 8% Compounding…

Q: Lucinda placed $12,000 in a 16-month term deposit paying 5.05% simple interest. How much will the…

A: Deposit amount = $12000 Period = 16 Months Interest rate = 5.05%

Q: If James deposits $2,000.00 in a fixed deposit for 1 year, what will be the difference in the…

A: Simple interest is based only on the principal amount. On the other hand, compound interest is based…

Q: f you invest $5000 in a certificate of deposit that matures after ten years and pays 5% interest,…

A: Amount invested in Corporate Deposit = $5000 Interest Rate (r) = 5% per annum Years(n) = 10

Q: Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 7.6197%…

A: Investment (PV) = $ 1500 Period (t) = 5 Years Interest rate (r) = 7.6197%

Q: Sean purchased an interest-bearing promissory note for $11,000.00 at 5.00% p.a., due in 90 days. If…

A: The promissory note refers to a debt instrument that is issued by a person who writes a note by…

Q: You have $7,000 to invest in a 2-year certificate of deposit (CD) that pays 8% interest compounded…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Kevin received a $1800 bonus. He decided to invest it in a 3-year certificate of deposit (CD) with…

A: In the given question we require to calculate the future value of investment after 3 years and…

Q: Meghan purchased a 90-day interest-bearing note at 5.20% p.a. that has a face value of $5,000.00. a.…

A: The security having short-term maturity with combined payment of principal and face value at…

Q: 9. Jamel has borrowed $8500 today and agreed to repay it in two equa payments to be made in 9 months…

A: Investing is an essential part of wealth-creation, which helps you beat inflation to fulfil your…

Q: Bill Casler bought a $9000, 9-month certificate of deposit (CD) that would earn 8% annual simple…

A: Solution:- Given, Bill Casler bought = $9,000 9-month certificate of deposit (CD) that would earn 8%…

Q: 11. Mr. Agustin applied for a loan from a bank that gave him an option to pay 3,500 monthly for two…

A: 11) Monthly payment (M) = 3500 n = 2 years = 24 payments r = 7.5% per annum = 0.625% per month Let's…

Q: usan bought a 9-month $1400 certificate of deposit. At the end of 9 months, she received $104 simple…

A: Simple interest is the type of interest that does not accumulate at the rate of interest the…

Q: 9. A man borrows Php10,000 from a loan firm. The rate of simple interest is 15%, but the interest is…

A: Par value of borrowing = Php 10,000 Interest rate = 15% Net Borrowing = Par value*(1-Interest rate)…

Q: You invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for…

A: Formula: A = P ( 1 + ( R / N )NT ) P = Principal R = Rate of interest N = Number of times…

Q: Grace borrowed P150,000 payable in 2 years. To repay the loan, she must pay an amount every month…

A: Borrowed amount = P150,000 Time period = 2 years Rate = 6%

Q: interest

A: Introduction: A certificate of deposit can be defined as a savings account which holds a fixed…

Q: You invest $1,000 in a certificate of deposit that matures after ten years and pays 5 percent…

A: The question is based on the concept for calculation of compounding interest, by use of equation as…

Q: 4. Mr. Torres borrows P 150,000 and agrees to pay it with interest at 16 % compounded quarterly…

A: Loan amount (PV) = P150,000 Interest rate = 16% Quarterly interest rate (r) = 16%/4 = 4% Quarterly…

Q: You invest $1,000 in a certificate of deposit that matures after 10 yaers and pays 5 percent…

A: Principal amount (P)=$1,000 No. of years (n)=10  Interest rate (r)=5% (compounded annually) A.…

Q: 4. A man paid 10 % as down payment of P200,000.00 for a house and lot and agreed to pay the balance…

A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…

Q: Vincent Madrigal secured a certificate of deposit for 7 years amounting to USD 100,000 at 4%…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Mr. Santos started to deposit Php 3,500 monthly in his online bank that pays 5% compounded quarterly…

A: Interest rate = 5% quarterly compounded We need to find the monthly interest rate as the deposits…

Q: 1. You invest $1,000 in a certificate of deposit that matures after ten years and pays 5 percent…

A: Principal amount, P = $ 1,000Rete of interest, R = 5%Period, N = Time to maturity = 10 years

Q: 6. A consumer loan worth 83,000 pesos is to be repaid in 18 months at 8% convertible monthly. How…

A: Here, Details of Ques-6: Mortgage Amount (P) is  83,000 pesos Interest Rate (r) is 8% Compounding…

Q: Mr. Sy borrowed money from a bank with an inferest of 6% compounded monthly for 10 years. His…

A: 6. Calculate the interest rate per conversion period by dividing the annual interest rate which is…

Q: John invested Php1000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually,…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Types of Money Market Instruments