A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018 at 14% converted semi-annually?

Q: Chang borrowed $8000 at a rate of 9%, compounded quarterly. Assuming he makes no payments, how much…

A: Given,           Chang borrowed $8000 at a rate of 9%, compounded quarterly for 5 years.

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: You own a home that was recently appraised for $330,000. The balance on your existing mortgage is…

A: Find potential amount

Q: Jasica Parker would like to have $75,000 to buy a new car in 6 years. To accumulate $75,000 in 6…

A: Solution :-

Q: What is the monthly payment on a 15-year mortgage of $200,000 at 6% interest? What is the total…

A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

A:

Q: A payday loan company charges a $60 fee for a $650 payday loan that will be repaid in 19 days.…

A:

Q: Jamerra receive plans on paying the end of 2 yea $450 in interest interest rate on

A: GIVEN  principal P=$ 3000 time t=2 years interest I=$ 450

Q: What is her monthly payment on a 2005 Jeep priced at $7000 with a 13% interest rate for a 10 year…

A: Given Initial price of jeep P=$7,000Total time t=10 years Monthly interest i=13%

Q: How much will you pay on interest if you buy a $213,000 home on 4.6% interest with monthly payments…

A:

Q: What are the semiannual payments?

A:

Q: If the simple interest on $3,000 for 7 years is $1,050, then what is the interest rate? The rate is…

A: We need to solve it by the basic formula of simple interest.First we need to specify the given…

Q: If you deposit $300 now in a savings account and increase your deposits by 10% each month, how much…

A:

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: You owe $5,000 on your credit card, and you plan to pay it off through monthly payments of $100. If…

A: We use formulas: Simple Interest(SI) = (PRT)/100, where P = Principal Amount, R = Rate and T = Time…

Q: Jasica Parker would like to have $95,000 to buy a new car in 6 years. To accumulate $95,000 in 6…

A: Given data: Amount Jessica would like to have=$95,000 Number of years =6 Annual rate of interest of…

Q: Jasica Parker would like to have $33,000 to buy a new car in 8 years. To accumulate $33,000 in 8…

A:

Q: Suppose you borrow P15,000 and required to pay P15,315 in 4 months to pay off the loan and interest.…

A:

Q: In order to purchase a​ home, a family borrows $55,000 at an annual interest rate of 11​%, to be…

A:

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $361 per month…

A: The future value formula isFV=PMT(1+i)n-1iwhere FV = Future value PMT = Periodic paymenti = rate of…

Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: interest and agreed to pay it off over a 2 year period, how much would your monthly payment be?

A:

Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

Q: if $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate

A:

Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

A:

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A:

Q: What is her monthly payment on a 2010 Honda Civic priced at $4500 with a 15% interest rate for a 10…

A: formula for EMI is as below :

Q: If you made $3,000 a year in contributions to your retirement account starting at the age of 25,…

A: NOTE: Refresh your page if you can't see any equations.   . here we have PMT=3000 n=1 for yearly…

Q: If Sandy can afford car payments of ​$430 per month for 7 ​years, what is the price of a car that…

A: We have to find the price of a car that Sandy can afford​ now.

Q: Sonia received a statement on her Certificate of Deposit showing that her investment had returned…

A:

Q: If $1000 is borrowed and the interest after 24 months is $300, what is the annual interest rate for…

A:

Q: Mrs. Vicky Guevarra deposited P18, 500 in a saving account on June 30, 2017 at a rate of 6%…

A: Given Mrs. Vicky Guevarra deposited P18500 in a saving account on June 30, 2017. She withdraws all…

Q: A certain corporation purchased a machine for plastic lamination of posters for 720,000. At the end…

A:

Q: Martina borrowed $8000 at a rate of 6%, compounded quarterly. Assuming she makes no payments, how…

A: Amount = P(1+r/n×100)nt

Q: Chuong Ngo borrows 3600$ from a bank that advertises a 6% simple interest rate and repays the loan…

A: The formula to calculate the annual percentage rate (APR) for a loan is: APR = Fees+Interest Paid…

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: How much will you pay on interest if you buy a $217k home on 3.5% interest with monthly payments on…

A:

Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

Q: Marie bought a laboratory equipment with P25 000 down payment plus 18 months monthly payment of P2…

A: Given that, the down payment of the equipment is P25,000, monthly instalment is P2500, duration is…

Q: A bank lends $9000 at 7% simple interest. At the end of 1 year, how much interest is owed on the…

A: Given that, P = $9000 r = 7% n = 1 year By formula, Simple Interest = Pnr100

Q: Jasica Parker would like to have $46,000 to buy a new car in 7 years. To accumulate $46,000 in 7…

A: Given that, A=$46,000, t=7 years, n=12, r=3%=0.03 We have to find, how much she must invest monthly…

Q: If Joe Edward earned P1,890.50 in 1 year and 3 months in a mutual fund containing bonds worth…

A: Express the equation for the mutual fund. Future value= Present Value1+r100n Here, r is the rate of…

Q: A man is required to pay P57,500 at the end of 15 days and for P60,000 at the end of 60 days.…

A:

Q: The loan of $ 700 is expected to be paid in one year as a total of $ 749. What is the annual…

A: Solution

Q: The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature?

A: To Determine: The simple interset on a $7600 loan at 7% per year amounted to $4788. When did the…

Q: You are currently making $70,000 a year after taxes and are interested in maintaining your current…

A:

Q: The maturity value of a 50-day loan of $530 is $540. What is the annual simple interest rate (in…

A: