A man deposited P5,000 on the date his son celebrated his 1st birthday. If money is worth 10% compounded semi-annually, what is the maximum amount the son can withdraw on his 21st birthday? (whole number)

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: A financial adviser recommends a client deposit $1500 in a fund that earns 9.5% annual interest…

A: To find the interest rate per month

Q: Suppose you put a $1000 in a college fund that pays 7.2% interest compounded annually. Find the…

A: In the given problem, The principle amount is p = $1000 The rate of interest is r = 7.2% And, the…

Q: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

A: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

Q: Green Acres Sprinklers, Inc, will receive $185,000 in 3 years as part of a lawsuit settlement. Find…

A: Given query is to find the present value of the money.

Q: 1. Joshua wants to have Php 250,000 at the bank after4 years in time for his graduation. He plans to…

A: Amount after 4 years = Php250000 Interest rate is 12% compounded monthly.

Q: Kaya has made deposits of ​$660 at the end of every six months for eight years. If interest is 5​%…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $467 per month…

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Q: To support his handicapped niece tony made a payment of $1800 at the beginning of every 3 months. If…

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Q: Neena wants to accumulate 18000 in a fund earning 3.6% compounded semi-annually how m much must she…

A: Consider the provided question,

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

A:

Q: Find the interest amount of PKR 10 invested at rate of 12% for 12 years under simple interest…

A: First we will recall the simple interest formula and then use this formula to find the interest

Q: A firm must pay off $40,000 worth of bonds in 7 years.(a) Find the amount of each annual payment to…

A:

Q: A contractor bought a concrete mixer at P 140,000 if paid in cash. The mixer may also be purchased…

A: Given : Principal = 140000 Time = 5 years Rate per annum = 8%

Q: At the time of her grandson birthday a grandmother deposits 10000$ in an account that pays 2.5%…

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Q: 3. What amount must be invested now in savings account earnings 996 compounded quarterly to…

A:

Q: A man borrowed Php 120,000 and promised to pay The payment starts at "X pesos and the succeedin…

A: Introduction: The formula for compound interest is given by, A=P(1+rn)nt Where A is compounded…

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

A:

Q: A father wants to set aside money for his son's future college education. Money can be deposited in…

A: Consider the yearly amount deposit=$x The rate of interest r=8.5%=0.085 The amount of money at the…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: A man inherited a regular endowment of ₱ 100,000 every end of 3 months for n years. However, he may…

A: Given Amount A=P100000period n=n years=4n quarters.i=14%=14100×14=0.035 quarterly

Q: What lump sum do parents need to deposit in an account earning 8% interest compounded quarterly in…

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Q: Accumulate P56, 000 compounded monthly for 2 years and will repay interest of 10.75%

A: To Accumulate P56, 000 compounded monthly for 2 years and will repay interest of 10.75%

Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7%…

A:

Q: The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: Given that, The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his…

Q: Cardo Dalisay borrowed Php 160,000 at 7½% per annum simple interest. On the same day, he lent it to…

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Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

Q: John made periodic deposits of $300 to Floor Bank, which pays 8% interest compounded semiannually.…

A: Given: The value of Periodic Deposit is $300 The value of Annual Interest Rate is 8.00% compounded…

Q: A 43-year-old man puts $2000 in a retirement account at the end of each quarter until he reaches the…

A:

Q: City Wide Delivery Service uses vans costing $24,800 each. How much will the have to invest today to…

A:

Q: You deposited $900 into a savings account paying 2% compounded quarterly. Two years later, you…

A: Given:  You deposited $900 into a savings account paying 2% compounded quarterly. Two years later,…

Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

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Q: In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 25 and…

A:

Q: Mr. Uy, an entrepreneur, invested ₱ 5, 000, 000.00 in a financial institution.How long will it take…

A: The principal amount invested is P= 5000000 The amount A= 10000000 Therefore the interest accrued is…

Q: Bianca wants to have Php 60,000 in the future. If she decides to deposi 1000 at the end of every…

A: This is the problem of series and financial math.

Q: A 55-year-old man deposits $50,000 to fund an annuity with an insurance company. The money will be…

A:

Q: Supposed to deposit $100 every six months into an account that pays 6% compounded semiannually. If…

A: Annuity formula is as below: here,d=100N=3 yearsr=6 %=0.06k=2

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

A:

Q: Every three months, Mahmood deposits $1100 into an account paying 6% compounded quarterly. Find the…

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Q: Mr. Ribiya would like to save 500,000 for his son’s college education. How much should he deposit in…

A: Compound interest formula: P = P0{1+(r/n)}nt ,where P0 = initial principal balance,     P = future…

Q: A recent graduates student loan total $15,000. If these loans are at 4.6%, compounded quarterly, for…

A:

Q: In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 32 and…

A:

Q: If a bank pays 16% compounded quarterly, how much should be deposited now to have $1200 in 6 years…

A:

Q: A couple plans to invest money into an account that earns 9% interest, compounded quarterly, for…

A:

Q: What lump sum should be deposited in an account that will earn 8% compounded every 2 months, to grow…

A: Rate of interest, r = 8% = 0.08   Compounded every two month,   :. Number of compounding intervals…

Q: Determine the interest rate for php 500,000 investment compounded semi-annually if the value of the…

A:

Q: On his 7th birthday, Lee was left with an inheritance. The inheritance will be paid in a lump sum of…

A: The value of the inheritance as of Lee’s 7th birthday= 4723.432

Q: The tree farm deposits $1,300 at the end of each month into an account paying 1.51% ordinary…

A: