A savings account may allow the owner to withdraw ₱30,000 semi-annually for 3 years starting at the end of 3 years. How much is the savings if the interest rate is 4% converted semi-annually?

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: Find the amount and the compound interest on Php 80,000 for 3 years at 10% per annum, compounded…

A: Given, Prinicpal amount = Php 80,000   Time = 3 years Rate of interest = 10% per annum.

Q: What is the simple interest rate of $290, 12.5%, 6 months

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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: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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

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Q: Suppose Ms. Levi would like to save Php 500,000.00 every month in a fund that gives 10% compound…

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Q: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

Q: You have $5,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: It is simple interest formula.

Q: What amount of money will be required to pay back a loan of Php 78,400.00 at 12% compounded…

A: The amount is given by the formula A=P1+rnnt where n is the number of times interest is compounded,…

Q: Find the maturity value and interest if Jacob invested his money Php 150,000 at 6% compounded…

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Q: What discount rate is used if the present value ₱89, 400 amounts to ₱135, 800 for 4 years and 5…

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Q: Calculate the simple interest due on a 45-day loan of $3500 if the annual interest rate is 8%.…

A: Follow the procedure given below.

Q: The buyer of a lot pays Php. 50,000 cash and Php. 14,500 every month for 10 years. If money is 8%…

A: We will find out the required value.

Q: Racho Labs Inc. obtains a loan of 1,500,000 php, with 8% interest rate compounded quarterly, for the…

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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: Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for one year. The…

A: We need to find the present value of the loan. Given: Mrs. Dollie availed a cash loan that gave her…

Q: Mittola just won $383,000 in a state lottery. He invests it in an annuity earning 47% interest in…

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Q: If money is worth 9% compounded annually, find (a) the present value of Php 24,000 due in 8 years…

A: Given that: Money worth 9% compounded annually. Future amount : Php 24000 Time : 8 years

Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: How much should Allyson put into 6% saving account in order to have Php. 100,000.00 in 5 years?

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Q: What is the principal amount invested if the future value is 3,300 php invested at 10% interest…

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Q: Find the interest earned on an investment of Php 10,000 into a money market account that pays a…

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Q: How much is the interest that will be paid on a P25,000 loan that was made on May 1, 2002 and repaid…

A: Given : P=25000 r=8% n=calculated below

Q: You would like to save Php 10,000 for for your debut birthday party. How much should you deposit in…

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Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given: Simple interest I=30000 Time (years) t=5 Principal Value P=15000 We have to find Simple…

Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

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

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Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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Q: Calculate the simple interest due on a 52 day loan of $1500 if the interest is 9%

A: We can calculate the simple interest of the sum $1500 for 52 days in the following step

Q: elena wants to invest in a trust fund. she borrows from a credit cooperative that charges 8% simple…

A: Formula of Simple Interest: A=P1+rt where A= Final amount P= Initial Principal Balance r= Annual…

Q: a.) How much should Mr. and Mrs. Reyes deposit if they want to have Php 800,000 that will be used…

A: As per our guidelines we are supposed to answer only one question. Kindly repost other question as…

Q: What interest will be charged on a $1200 loan for 9 months if the rate is 12% simple interest?

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Q: two

A: This contains two question, only first question is answered. Please refer to the image below

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

A: here annual interest is 5%,. r=5% price of island was $24. time =2005-1626+1=380 year.  compound…

Q: A cellular phone may be purchased at 1,500 php payable monthly for 18 months. The first payment is…

A: Calculate the rate of interest at which the installment is paid. r=12100×18=0.0067%

Q: Calculate the simple interest due on  a 52 day loan of $1500 if the interest rate is 9% round to the…

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Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

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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: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: 1. At 10% interest rate, how much should you invest today to be able to withdraw Php10,000.00…

A: Given Future value=10000 Yearly invest rate (r) =10%=0.10 Total number of years (n) =10

Q: Maria invested php 175,000 in a savings account that pays 0.3% simple interest annually. Assuming…

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Q: A mortgage of $175,000 is offered to you at 5.25% interest rate for 25 years a) find the monthly…

A: Given amount offered(P) = $175, 000 Interest rate(r) = 5.25% = 0.0525 per annum Interest rate for…

Q: Now, a vendor borrowed money to be paid in 10 equal payments for 6 quarters. If the interest rate is…

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