Q: Aira has invested $7,000, part at 4% and the remainder at 8% simple interest. How much is invested…
A: * SOLUTION :- Given that , Aira has invested $7,000 at 4% Simple interest is 8% the total…
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A: Answer: option c Explanation: Let us find the present value (value at time zero) of $6800 to see…
Q: ash flow diagram for $10,500 being loaned out at an interest rat ear over a period of six years. How…
A: *Answer:
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A: Withdraw: It means to take out money from the account.
Q: A bank advertises it pays 4% annual interest, compounded daily, on savings accounts, provided the…
A: The effective rate of interest is the return on a savings account or an investment, whose interest…
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A: here we calculate the present worth of the given cashflow so the calculation of the following by…
Q: Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month.…
A: PV=A x (P|A, i, n) A =$500 Interest rate = 0.75% = 0.0075 Number of payments = 12 x 4 =48 PV = $500…
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A:
Q: Which of the following 1-year investments has the highest rate of return: $12,500 that yields $1125…
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Q: To making a robotic hardware for computer integrated manufacturing systems (CIM), Digital Devices…
A: Compound interest is the rate of interest that is calculated on the principal amount by taking into…
Q: Mr. Johnson borrows $100 000 at 10% effective annual interest. He must pay back the loan over 30yrs…
A:
Q: You borrowed P10,000 and committed to pay back the entire principal plus interest of 3.25% per year…
A: Given At present time, borrowed amount P=10,000 Rate of interest i=3.25% n=6
Q: Mr. Albert is planning to adopt a charity foundation once he receives his money. He promised to…
A: Introduction Total amount for the first 6 years is 15,000×6 =90,000 dollar Principal amount for the…
Q: If you wish to have $800 in a savings account at the end of 4 years, and 5% interest will be paid…
A: The rate of interest is the opportunity cost of holding money.
Q: Mr John deposited $450 earning 8% in his account, after 2 years additional $200 was made but…
A: The adding of interest to the principle sum of a loan or deposit, or interest on interest, is known…
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A: The interest rate, as a percentage of the sum loaned, collected or purchased, is the rate of money…
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A: Given that, Loan amount =$5,750. Annual interest rate = 40% Number of Years = 4 Years First we got…
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Q: An employee borrowed P700, 000 with 12% interest compounded semi-annually promised to pay every 6…
A: Compound interest (also known as compounding interest) is the interest on a loan or deposit computed…
Q: a) An individual deposits $8,000 semiannually every six months into a savings account. How much does…
A: the nominal interest rate or nominal rate of interest is either of two distinct things: the rate of…
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A: From and including: 1 January 1990 To, but not incorporating 30 December 1990 Result: 363 days…
Q: How much must be deposited now at 5.875% annual simple interest so that in 2 years and 7 months an…
A: Solution:- Simple interest is calculated with the following formula: S.I. = P × R × T, where P =…
Q: A sum of $1,000 deposited at time "0" at an interest rate of 5.5 % per year compounded quarterly for…
A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…
Q: Edward takes out today a loan of $150,000.00 from a local Bank at 8% Compound Interest for 7 years.…
A: Here we calculate the amount Edward pay back at the end of year 7th by using the given information ,…
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A: The money rate of interest can be any declared interest rate. It is also known as the nominal rate…
Q: Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she…
A: * SOLUTION :-
Q: A man borrowed today an amount of P13000 and P16000 4 yrs from now. He promised to pay all his debt…
A: Interest is the amount paid in excess of the principal amount by the borrowers to the lenders. The…
Q: bank lends $3000 to be paid at the year 4 of the amount of $4500; what is the interest rate?
A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…
Q: a) Cash Flow Diagram b) manual solution Company A wishes to have $100 million available in 5 years…
A: Future value (F) = $100,000,000 Time period (n) = 5 years Interest rate (r) = 10% compounded…
Q: Mr. Ahmed's parents deposit KD 142 at the end of each year into his account for next 11 year . What…
A: Here, given information is: Annual deposits (A)= KD 142 Time period (N)= 11 years Interest rate…
Q: A bank is offering an interest rate of 3.50% per year, compounded every 3 months. What is the…
A: An effective annual interest rate is the genuine profit from a bank account or any interest-paying…
Q: he nominal interest rate is 14.5% per year compounded weekly, the effective annual interest rate
A: Given that, Nominal interest rate (i) = 14.5% or 0.145 Number of compounding period (n) = 52
Q: A man purchased a car with a cash price of P350,000. He was able to negotiate with the seller to…
A: * SOLUTION :- * Given that, Cash price of car = P 350,000 Down-payment = 20% * The Total loan…
Q: a savings account that started with a deposit of $2000 ryear. Using an interest rate of 15% per year…
A: *Answer:
Q: Mr. Cardo Dalisay deposit of Php 3000 earns 2% interest compounded semiannually. He waited years for…
A: Given:- P=3000 r=2% t=4 years n=2(As compounded semiannually) Please find detailed solution from…
Q: A $1000 face-value coupon bond has a current yield of 5.75% and a market price of $1060. What is the…
A: Coupon rate is the rate of interest paid by bond issuers on the bond's face value here we calculate…
Q: Find the present value of $5000, due at the end of 4 years and 6 months, if money earns 4%,…
A: Compound interest refers to the interest that is paid on the principal. It gains interest in…
Q: How much must be deposited at 6% each year in order to accumulate 500,000.00 on the 6th year if…
A: It's a series of fixed-amount payments or receipts made on a regular basis for a set length of time.…
Q: You owe P30,000 due at the end of 3 years without interest. After 2 years, you want to pay the loan,…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: An engineer plans to borrow $25,000 to open his own consulting business. He must repay $500 a month…
A: Given Information: Present value = $25,000 Future value = $25,000 + $500 = $25,500 (at the end of…
Q: Carlos financed a $1250 computer with 24 monthly payments of $56.82. Find the APR (true annual…
A: Given information: Present Value: $1250 Number of payments: 24 Payment amount: $56.82
Q: Mr. Ahmed deposited $200,000 in the Old Third National Bank. If the bank pays 3% interest, how much…
A: Given information Initial deposit=$200,000 r= 3% n=10 Future values are the compounded value of the…
Q: A friend lends you $280 for a week, which you agree to repay with 5% one-time interest. How much…
A: Given question is related to interest rate
Q: )You borrowed $5,000.00 at 2% per month and agreed to repay in equal monthly payments over the next…
A: Lending money to someone else in exchange for a return of that money's value or principal is known…
Q: What will be the interest amount the company will pay if the bank applies a monthly compound…
A: We are authorized to answer one question at a time, since you have not mentioned which question you…
Q: For the following series of income and expenses, find the equivalent value in year 9 at an interest…
A: Here we calculate the Equivalent value in year 9 by using the given interest rate and other data so…
Q: For the cash flow shown below, determine the valup of G that makes the present worth in year 0…
A: A cash flow is a real or virtual movement of money: a cash flow in its narrow sense is a payment,…
Q: What is the present worth of ₱ 500 deposited at the end of every three months for 6 years if the…
A: Present value (PV) of the equivalent quarterly payment can eb calculated by using the following…
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A: Given; Interest rate; i= 12% Amount= 20000 Time; n= 9 months
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- Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. What initial principal or PW will this repay?Mr. Doe borrowed $1000 from his bank at 8% per year, compounded annually. He can (i) repay the$1000 together with the interest at the end of 3 years, or (ii) pay the interest at the end of each year andrepay the $1000 at the end of 3 years. By how much is (ii) better than (i)?An Engineer bought an equipment and have paid P 100,000 cash andagreed to pay P20,000 at the end of each 6 months for 5 years. He failedto pay the first 5 payments. At the end of 3 years, he is required to pay allaccumulated and future liabilities, otherwise the equipment would beretrieved by the seller. What must he pay if money is worth 12%compounded semi-annually?
- 33. A man purchased on monthly instalment at P 100,000 worth of load. The interest rate is 12% nominal and payable in 20 years. What is the monthly amortization?Mr. Ahmed's parents deposit KD 142 at the end of each year into his account for next 11 year . What would be the amount of money accumulate in his account 11 year later ? If the bank interest rate is 7 % yearly.a company will be paying off a loan witj annual payments of $6000 for 8 years assuming 5% annual interest rate, what would be value of this series of payments at 10 years , that is 2 years after the last payment ?
- How much is the cuurent worth of annuity 1000 at discount rate of 10%Leon and Heidi decided to invest $2500annually for only the first nine years of their marriage. The first payment was made at age 25.If the annual interest rate is12%,how much accumulated interest and principal will they have at age65? Please don't handwriting solutionMr. Juan dela Cruz borrowed P 1,000 and was able to sign a promissory note that he would pay P 2,032.79 after 4 years. What is the value of the present worth factor?
- 1. Connie buys a TV set from a merchant who ask for P12500 if paid at the end of 60 days. However, Connie wishes to pay immediately and the merchant offer to compute the cash price now. What is the cash price today if money is worth 8% interest. 2. A P5k loan was originally made at 8% simple interest for 4 yrs. At the end of this period the loan was extended for 6 yrs without the interest being paid, but the new interest rate was made 12% compounded semi-annually. How much should the borrower pay at the end of 10 yrs.A mom would like to open a savings account for her new born son's university education. Her plan is to deposit $5,000 at the end of each year for 18 years. From her job, she is expecting a promotion bonus of $4,000 at the end of 8 years that she can deposit directly to her son's university fund. However, she needs to get a new car 5 years from now with a down payment, so she realizes she cannot save any money for her son's university fund during that year. If the underlying savings account pays 8% interest compounded annually, how much money would her son have in this account at the end of 18 years? Please show all steps!!The buyer of a certain machine may pay either P2000 cash down paymentand P2000 annually for the next 6 years, or pay P3,500 cash and P2000annually for the next 5 years. If money is worth 12% compoundedannually, which method of payment is better for the buyer and by howmuch?