A man borrowed P50,000.00 and promise to pay the amount after 8 months with 16% interest rate. What is the future amount? If the future is 25% more than the principal after 8 months, determine the simple interest rate.

Q: Amishi deposited $600, at the end of each six months for 19 years in a savings account. If the…

A: Future value annuity is computed as follows. FV=d1+rnnt-1rn where d is the amount deposited per…

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: $500,000 that he would like to invest in a savings account earning 3.15% compunding daily over a 25…

A: Given Principal amount = $500,000 Interest rate = 3.15% compounding daily time = 25 years

Q: Find the future value of a simple interest loan of $18,000 at 6.1% interest for 9 months Give your…

A: As we know that the simple interest on a principle P with interest rate r for t times is(t=years)…

Q: You have found an annuity that will pay 4.75% annually and you plan to put $1,000 into the annuity…

A:

Q: Find the future value of the deposit if the account pays simple interest. Round to the nearest cent.…

A: According to the given information, it is required to find the future value.

Q: Find the future value of this loan. $21,415 at 4.9% for 7 months The future value of the loan is $

A:

Q: If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of…

A:

Q: Amishi deposited $600, at the end of each six months for 19 years in a savings account. If the…

A: Given deposit d=$600, annual interest r=8%, total number of years N=19, Number of compounding…

Q: if jake deposit $5000 at the end of the year for 15 years in an account paying 6% interest…

A: Given: The principal amount is $5000, the time period is 15 years, rate of interest is 6% to find…

Q: Mr. Balmond deposits 5000 pesos at the end of a month in Dias bank in the city of mobile legends…

A:

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: If you lend $7,000 to a friend for 16 months at 9% annual simple interest, find the future value of…

A: given that lend amount, P=$7000 for 16 months,  T=1612years=43 years  rate of interest , R=9% annual…

Q: If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: We know:- Simple interest = PRT ⇒P=initial amount ⇒R=Rate of interest⇒T=Time in years

Q: A man is left with an inheritance from his father. He has an option to receive 2Million at the end…

A: Given information Principal amount P=2,000,000 Interest rate r=8% ⇒r=8100=0.08 Time t=10 years First…

Q: A father opened a savings account for his daughter on the day she was born, depositing $1,000. Each…

A: Given that A father opened a savings account for his daughter on the day she was born, depositing…

Q: Assume that Aliza has a winning lottery ticket and she are the given the option of accepting the…

A: Given,  Assume that Aliza has a winning lottery ticket and she are the given the option of accepting…

Q: Amishi deposited $600, at the end of each six months for 18 years in a savings account. If the…

A:

Q: As part of their financial planning, Janice Garcia's grandparents made monetary gifts to each of…

A: Given information Future Value is $5,000 and rate is r=9% compounded monthly. t=21 months=1.75 years…

Q: Find the future value in 8 years of a $10,000 payment today, if the interest rate is 3% per year…

A: We have PV = $10,000 r = 3% = 0.03 n = 8 years

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

A:

Q: Janet's parents want her to go to the same college that they did. They decided to pay a lump sum…

A: Lump sum payment(P) is $94000 Rate of interest(R) is 5% compounded semiannual Time(T) in which she…

Q: A couple borrows $250,000 to purchase their first home.  If the bank charges the couple 6.0%…

A: Given:    P = 250000   n = 12 ( compounded Monthly )   t = 30    r = 6% = 6/100 = 0.06

Q: Suppose you obtain a $5000 Treasury Note with a 3% annual rate, paid quarterly, with a maturity in 2…

A: See the attachment

Q: The future value of that money is?

A: P = Principal Amount = 6000 R = Rate of Interest = 8% n = no. of interval = 1 year

Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

A:

Q: You want to buy a $25,000 car. You can make a 10% down payment, and will finance the balance with a…

A: To find the monthly payments

Q: In order to start a small​ business, a student takes out a simple interest loan for ​$5000.00 for 3…

A:

Q: Find the future value of amount 100 if interest rate is 10% and number of years is 10

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Q: As a settlement for an insurance​ claim, Craig was offered one of two choices. He could either…

A:

Q: Suppose that you borrow ​$3000.00 from a friend and promise to pay back ​$4845.00 in 3 years. What…

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Q: Find the future value of an account when $2250 is invested at 3.2% simple annual interest for 5…

A: formula:- simple interest(S.I.)= (P×R×T)/100 Then , future value =S.I.+P

Q: How would you receive (future value) after five years if the 10% rate is a simple interest rate?

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Q: What is the present value of a mortgage that costs $2400 per month for 5 years at an annual interest…

A: Given, Monthly payment= PMT= $ 2400 n= terms in months= 5*12= 60 months i= rate of interest per…

Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: Man borrowed $30,000 at a simple interest rate of 12% per year to woman, however Man can only paid…

A:

Q: Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. His…

A: * SOLUTION :-

Q: Rich buys a car for $28,000 and has two options for financing. The dealership offers either…

A: Solution:-. calculate the principal by compounded monthly.

Q: An annuity pays 4400 dollars on January 1 of each year, starting on January 1, 2000. If 21 payments…

A: An annuity pays 4400 dollars on January 1 of each year, starting on January 1, 2000. If 21 payments…

Q: Find the future value, use the future value formula and a calculator. $1000 at 7 3/4% simple…

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Q: Aldin invests 20% of his 140,000 php monthly salary at the end of each month in a fund that pays 4%…

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Q: What will the quarterly deposit be if the fund earns 8% interest

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Q: You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit…

A: Given:

Q: A man pays P 132,097  every end of six (6) months for a car bought on installment terms. If the man…

A: we will use present value formula.

Q: Planning to give his son a car as a gift when he graduates from college 2 years from now, Adam…

A: From the question we know the time(t) is 2 years, n is 12 ( compounded monthly) and rate(r) is…

Q: Willie deposits a fixed monthly amount into an annuity account for his child’s college fund. He…

A: We have to find monthly deposits and interest earned.

Q: What is the future value of P33,000,000 in 1 /4 years with interest rate of 8 1/4

A: