Q: Find the nominal interest compounded quarterly equivalent to 12.00% effective interest?
A: Effective annual interest rate is rate that is regarded as the real return on a loan or savings for…
Q: 2.5. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4…
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…
Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…
A:
Q: Find the present value of the following future amount. $300,000 at 10% compounded quarterly for 30…
A: Given, FV = $300,000 Rate = 10% Time = 30 year
Q: 5. Find the amount due at the end of 15 months whose present value is $ 2,000 at 5% simple interest.
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: An interest rate is quoted as being 7.5% compounded quarterly. What is the effective annual interest…
A: The effective annual interest rate is the real interest rate on an investment or loan because it…
Q: Compared the interest earned by $13,000 for seven years at 8% simple interest with interest earned…
A: Given: Principal amount ( P) = $13,000 Interest rate(r) = 8% Time(t) = 7 years
Q: How much money will be in your account three years after the previous deposit? If you make six…
A: Total number of years = 6 years Annual deposits = $6000 Interest rate = 15% Half yearly deposits =…
Q: You were entitled to receive $5,000 at the end of six months for the rest of your life. If the…
A: Given: The future value is = $5,000 Years = At the end of 6 months The rate of interest is = 10%…
Q: 3. A father wishes to provide his daughter the amount of P1M twelve years from now. How much should…
A: The value of deposit (X) from the second year can be calculated by using the following formula.
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A: Present value (PV) is the current value of a future sum of money or stream of cash flows given a…
Q: 1. Convert the following rates (a) 10% to compounded daily. (b) 20% simple interest to compounded…
A: Compound Interest refers to the addition of interest to the principal sum of a deposit/loan, or in…
Q: A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at…
A: semi annual payments = 1000 Time = 3 years Interest rate = 12 % Semi annual rate = 12/2 = 6 %…
Q: 5. Find the present value of an annuity of P30,000 payable annually for 10 years with the first…
A: * SOLUTION :- (5)
Q: Tito Ricky borrowed P 500,000 at an interest rate of 12% compounded monthly. Monthly payments of P…
A: In economics, present value refers to the current value of a future stream of cash flow. Future…
Q: Find the equivalent rate of 6% compounded semi-annually in a compounded quarterly.
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: What is the amount of 10 equal annual deposits that can provide five annualwithdrawals, when a first…
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Q: An investment of P2880 is made at the beginning of each month for 9 years and 4 months. How much…
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A: According to the given question:- Future value of the amount will be = R[(1+i)^n -1]/1 R = Regular…
Q: What is the accumulated amount of a 8-year annuity paying ₱ 1,067 at the end of each year, with…
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Q: 18.b
A:
Q: 1. How many years will a deposit triple itself at an interest rate of 7% per annum compounded…
A: Hi! Thank you for the question, but as per the guidelines, we answer only one question at one time.…
Q: Compare the interest earned on $8,000 for 15 years at 8% simple interest with the amount of interest…
A: A fixed percent of interest rate on the principal amount over a specific time period is referred to…
Q: What is the nominal interest rate in continuous compounding that is equivalent to an effective…
A: Considering the period of compounding and also the base (nominal) rate of interest, it is possible…
Q: What single payment at the end of year 5 is equivalent to an equal annual series of payments of 600$…
A: Present value: It means the current value of the future sum of money for a specific rate of return.
Q: 37. Calculate the payment (P) 10 years from now that is equivalent to a payment of P2000 five years…
A: Given payment in 5 years from now = 2000 P Interest rate = 12 % compounded quarterly Quarterly rate…
Q: What is the nominal rate of interest compounded semi annually which is equal to 10,52 % compounded…
A: Ans in step 2
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A: The interest rate is the income earned by the investment in the economy. When the money is invested…
Q: 1.What is the accumulated amount of an annuity paying P30,000 at the end of each year for 7 years…
A: We are authorized to answer one question at a time, since you have not mentioned which question you…
Q: At a certain interest rate compounded quarterly, P1T will amount to $5T in 10 years. What is the…
A: Given Present value P=$1T Future value F= $5T Time = 10 years We have to calculate the rate of…
Q: Use the continuous compound interest formula to find the indicated value A = $7,400; r = 9.77%; t=…
A: Given: A = 7400 r = 9.77% = 0.0977 t = 11
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A: Given Present value P=8000 Value after 5 years =20,000 Compounded period = quarterly. First we will…
Q: 4. Calculate the present value of $8,000 duc in 4 years if interest is compounded annually at 3%.
A: Present value states that an amount of money today is worth more than the same amount in the future.…
Q: How much do eight P 76,990 quarterly payments amount at present, if the interest rate is 3…
A: Given information, Annuity (A): ₱ 76,990 Interest rate (i): 3% Time period (N): 8 (8 equal…
Q: What annual nominal rate compounded semiannually has the same annual percentage yield as 13%…
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Q: 1) What is the present value of the following series of payments: $500 made at the end of every year…
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Q: If $ 1,000 becomes $ 1,126.49 after 4 years invested at a certain nominal rate of interest…
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Q: 7.Determine the nominal interest rate compounded quarterly if the effective interest rate is 9% per…
A: Compounding quarterly: Compounding interest is the interest on a loan or deposit calculated…
Q: 42. Find the equivalent rate of interest of 9% compounded quarterly to an interest rate compounded…
A: Given interest rate = 9 % compounded quarterly Quarterly rate = 9 % / 4 = 2.25 % Annual effective…
Q: What equal monthly payments will repay an original loan of $10,000 in six months at a rate of 6%…
A: P= $10000 n=6 r=6%
Q: Compare the interest earned by $9,000 for six years at 7% simple interest with interest earned by…
A: Simple interest and compound interest are earned on initial amount deposited but with sufficiently…
Q: What amount a man deposit each year so that he can withdraw P 50 000 at the end of ten years. If the…
A: Given information, Future value (F): P 50,000 Time period (n): 10 years Interest rate (r): 6%…
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A: Given values in the questions: Payment made quaterly = $5000 The time period for which the payment…
Q: What interest compounded monthly is equivalent to an interest rate of 78.9% compounded. quarterly?
A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…
A: Pieces of information given in the question: Annuity = $5000Annuity made = QuarterlyTime = 10…
Q: What is the accumulated amount of a 7-year annuity paying ₱ 1,520 at the end of each year, with…
A: Given: Annuity=1520 Interest rate=2% Number of years=7 To find: Accumulated amount
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A:
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- What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years and a quarterly payments $2,000 of the next 5 years if the interest rate is 8% compounded bimonthly? Note: Round off your interest rate to five decimal places Round your answer to 2 decimal places.Suppose that $5,000 is placed in a bank account at the end of each quarter over the next 9 years. What is the future worth at the end of 9 years when the interest rate is 14 compounded at the given intervals? (a) Quarterly (b) Monthly (c) ContinuouslySuppose that a $100 lump-sum amount is invested for 10 years at a nominal interest rate of 6% compounded quarterly. Howmuch is it worth at the end of the 10th year?
- How much do eight ₱ 76,990 quarterly payments amount at present, if the interest rate is 3 compounded quarterly?What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 7 years and a quarterly payments $2,000 of the next 7 years if the interest rate is 8% compounded bimonthly?What is the amount of 10 equal annual deposits that can provide five annualwithdrawals, when a first withdrawal of $3,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of 6% per year over the previous year's rate if(a) the interest rate is 8% compounded annually?(b) the interest rate is 6% compounded annually?
- If you borrow $4,000, what single payment must you make after 5 years to repay the principal and interest at 10%? Alternatively, what uniform annual payment would be required? 2. The interest rate charged on a small loan is 1.5% per month. What are the corresponding 'nominal' and 'effective' rates per annum? 3. Using the interest rate of 3% compounded annually, what is the amount that will be accumulated in a sinking fund at the end of 15 years if $200 is deposited in the fund at the beginning of each of the 15 years if $200 is deposited in the fund at the beginning of each of the 15 years?What amount a man deposit each year so that he can withdraw P 50 000 at the end of ten years. If the interest rate is 6% compounded continuously?Question 1 Vince loaned a certain amount from a cooperative and promised to pay it back with 2.32 times his original loaned amount. They agreed a nominal interest rate of 9.29% compounded every 4 months every year for n years. How many n years before he pay all his loan with interest? Answer rounded off with two 2 decimal places.
- You want to take a dream vacation in 3.5 years. You plan to save up $5,000 in your vacation sinking fund. Assume an interest rate of 8% compounded annually. How much will you have to save if you make a lump sum deposit to the sinking fund (i) during the year or (ii) at the beginning of the year?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?18% of the nominal interest rate; Calculate the 3-month effective interest rate for a) compounded three months b) compounded monthly.