A loan is to be repaid quarterly for 11 years that will start at the end of 4 years. If the interest rate is 5% converted quarterly, how much is the loan if the quarterly payment is 10,000? Round off your answer in two decimal places. Php

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

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Q: The amount after 10years will be what in $ Round to the nearest cent as requested.

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Q: A student borrows $1500 for 1 year at 4% simple interest. What is the interest after 1 year?

A: Given that a student borrows $1500 for 1 year at 4% simple interest. We need to find the interest…

Q: You deposit $ 9,906 in an account earning 4 % interest compounded monthly. How much will you have in…

A: Given Data: The principle investment is: P=9906 $. The interest rate is per month is: r=4% Total…

Q: A mutual fund pays 9% compounded monthly. How much should I invest now so that 3 years from now I…

A: The final amount in the account = $ 5300 Rate of interest = 9% Compounding period monthly Time = 3…

Q: You maintain an average balance of 375.00 on your credit card which carries a 24% annual interest…

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Q: What daily interest rate equals a quarterly interest rate of 8%? Give your answer as a decimal…

A: In this case we have to find out the interest rate using equivalence relationship so I'm providing…

Q: Suppose that you borrow $3000.00 from a friend and promise to pay back $6225.00 in 5 years. What…

A: Using formula A=P+T

Q: A vehicle purchased for $25,000 depreciates at a constant rate of 9% per year. Determine the…

A: To find : Approximate value of the vehicle 12 years after purchase .

Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: You deposit Php 5000 each year into an account earning 8% interest compounded annually. How much…

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Q: Find the cost of a CD in 12 years, assuming and inflation rate of 4.5%, if it’s present cost is…

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Q: What quarterly interest rate equals an annual interest rate of 2 %? Give your answer as a decimal…

A: Given that: Annual interest rate, i=2%

Q: What monthly interest rate equals a quarterly interest rate of 4%? Give your answer as a decimal…

A: First we have to know that number of times intrest applied per year in monthly and quarterly intrest…

Q: A man required to pay 57500 pesos at the end of 15 days of 60000 pesos at the end of 60 days.…

A: The simple interest is given by the formula A=P+I, where I is the interest amount on the principle P…

Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: peso fund that pays 1% interest compounded annually. How much should he deposit if he wants to have…

A: Use compound interest formula

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: We will find out the required value.

Q: A woman deposit $290 of her quarterly checks into an annuity for the education of her child. She…

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Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

Q: John Lee's savings account has a balance of $2685. After 6 months, what will the amount of interest…

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Q: Joe invests $500 into an account earning interest compounded monthly. Determine the rate if there…

A: The formula for the compounded amount is given by A=P1+rnnt where A is the compounded amount, P is…

Q: You deposit Php 1000 each year into an account earning 5% interest compounded annually. How much wi…

A: Formula: F=A×1+rn-1r where A=Deposited amount each time period r= Interest rate n= Number of…

Q: At age 25​, someone sets up an IRA​ (individual retirement​ account) with an APR of 8​%. At the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=30 r=8%=0.08 n=12 for…

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest. How…

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Q: month

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Q: To help pay for a class trip at the end of their senior​ year, the junior class at a high school…

A: Given information:Principal amount (P)= $1700Rate of interest (r)= 4.9% = 0.049Compounded monthly…

Q: Marcos's savings account has a balance of $ 4,643. After 25 years, how much will your profit be at…

A: Compound interest formula:  , where A is amount after t year, P is initial amount, t is number of…

Q: A vendor borrows a certain amount of money at 8% simple interest for 3 months. Determine the…

A: We know that the simple interest formula is I = Prt  P is the principal amount. r is the interest…

Q: A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much…

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Q: Mary bought a bike payable monthly for 9 months starting at the end of the month. How much is the…

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Q: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

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Q: The payment of 500 php is to be made at the end of every 6 months. How much is its future value…

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Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: Let P be the amount deposited in an account having interest r% compounded annually then after t…

Q: Due to a car accident you receive a settlement from insurance of $50 a month for the next ten years.…

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Q: Find the present value of $ 10,000 at a simple interest rate of 5 % in 12 years ? (write the answer…

A: Given: Amount A = $10,000 rate r = 5% no. of years t = 12 To find: present value P=??

Q: Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest…

A: Given that Amount of money Laura invested = $2000 Compound Interest rate = 6.4%  To calculate the…

Q: Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded…

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Q: Please help, Gina invests $1150 in an account earning 6.8% interest that compounds annually. If she…

A: Here we want to Know the amount will be in the account after 5 years.

Q: A credit card bill due on April 5 showed a balance of $263. The card holder forgot to pay the bill…

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Q: An organization loaned $ 14,000.00 from a bank at 95 interest. They will pay a total of $ 20,300.00…

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Q: Find the interest earned after 3 years if P12 000 is deposited a savings account which earns 5%…

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Q: Your favorite snack costs $3.79 per package and a package lasts for one week. If the rate of…

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Q: What monthly interest rate equals a quarterly interest rate of 2%? Give your answer as a decimal…

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Q: A loan worth $5600 collect simple interest each year for 12 years. At the end of the time, a total…

A: The full form of APR is annual percentage rate which is annual rate of interest charged on loan.

Q: ong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How…

A: Given that: Money deposited, P0=10000 Php                     Rate of interest, r=4%…