At what rate(%) of simple interest will a sum of money triple in six years. (Answer in two decimal place) 33.33 23.33 43.33 33.13

Q: 10. How long (approx.) will it take $10,000 to grow to $15,000 if the investment earns an interest…

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Q: What rate of interest (as a percent), compounded monthly, is needed for $1000 to grow to $8500 value…

A: This question is based on Compound interest.

Q: Annual Rate (%) 2.40 4.00 5.25 5.15 5.15 3.50 If the General Electric bonds you purchased had paid…

A: Using the formula            A = (P+(P×R×T))           where, A = amount, P = principle, R= rate of…

Q: A small business owner contributes $4,000 at the end of each quarter to a retirement account that…

A: Consider the given information. (a) The given values are, P=$1,50,000 And, r=0.064=0.015 And,…

Q: E-Loan, an online lending service, recently offered 36-month auto loans at 4.5% compounded monthly…

A:

Q: onin A A. A bank customer puts $150 in an ac (APR) of 12 percent (compounded a the end of five…

A: Solution of the problem as follows

Q: When your first child is born, you begin to save for college by depositing $125 per month in an…

A: Here we find future value.

Q: costs $0.07 per kilowatt-hour and 1 hp = 0.746 kW, which motor should be selected if MARR = 6% per…

A:

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

A: For the given amount of $30,000 if depreciated 5.45% in the first 8 months the investment be worth…

Q: 7. Holden borrowed $450 from his sister and 8 months later paid her $550. If interest was compounded…

A:

Q: 10. You decide to invest $1000 at the beginning of every year. If your rate of return is 3%…

A: here we have PMT=1000 n=1 for annual payment r=3%=0.03 t=5 years

Q: 10. A passbook savings account has a rate of 6%. Find the effective annual yield, rounded to the…

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Q: A house was valued at $110,000 in the year 1992. The value appreciated to $150,000 by the year 2001.…

A: At t=0 that is in 1992 the value is $110,000. At t=9 that is in 2001, the value is $150,000 Just…

Q: 43. Price Appreciation of Homes What will a $90,000 condominium cost 5 years from now if the price…

A: The amount after compounding annually for t years is given by, A=P1+r100t, where r is a rate and P…

Q: If the present value of an item is P and we experience an inflation rate of r for t years, what will…

A: solving the problem by finding the value of the future value.

Q: A student has a savings account earning 9% simple interest. She must pay $1200 for first-semester…

A: Given The simple interest on a savings account of a student is 9% and tuition bill for the first and…

Q: When your first child is born, you begin to save for college by depositing $225 per month in an…

A: Initial amount of investment is $225 per month

Q: Compute the specified quantity. At auction, 5-month T-bills were sold at a discount of 7.410%. What…

A: Consider the formula for the annual yield r. r=1+Rnn−1where r=simple annual yieldR=nominal interest…

Q: A bank offers 0.5% effective monthly interest. What is the effective annual rate compounding? a.…

A: Please refer to the image below

Q: How much interest is earned in 5 years on P50,000 deposited in a bank paying 3% interest per annum,…

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Q: 7. If a $2,500 investment grows to $2,875 in 15 months, what simple interest rate was earned? (Hint:…

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Q: Stocks in a certain industry depreciated by 5.9% in the first 5 months of 1993. Assuming that this…

A: The formula for the amount of depreciation is given by A=V1-rn where A is the amount of…

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

A:

Q: A house was valued at $105,000 in the year 1991. The value appreciated to $175,000 by the year 2001.…

A: The general form for the growth rate is, A=P1+rt Here, P is the initial amount, r is the growth rate…

Q: xytnos.content.blackb Compute the amount in 20 years if a principal P interest rate of r = 6%,…

A: Given  Principal amount = $ 2000 Nominal rate of interest = 6% annual Compounded monthly, n = 12…

Q: A house was valued at $120,000 in the year 1994. The value appreciated to $150,000 by the year 2005.…

A: To find the growth rate

Q: A house was valued at $100,000 in the year 1988. The value appreciated to $175,000 by the year 2008.…

A:

Q: How much should a mother invest at the time her daughter is born in order to provide her with…

A: A mother invest at the time her daughter is born in order to provide her with$95,000 at age 18. The…

Q: What effective rate is equivalent to a nominal rate of 6-% compounded quarterly? 4 Select one: O…

A: we have to find the find the effective rate equivalent to the nominal rate 634% compounded quarterly…

Q: 11. Rabia invested $9000 per year in a mutual fund that averaged 13% net growth per year with…

A: Given information Principal amount P=$9,000 Rate of interest r=13% ⇒r=13100=0.13 Time t=8 years We…

Q: 5. What is the present value of an investment at 15% annual simple interest if it is worth $924.50…

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Q: Stocks in a certain industry depreciated by 5.4% in the first 5 months of 1993. Assuming that this…

A: If rate of depreciation is r % per period Present value is P. Then depreciated value after n periods…

Q: E-Loan, an online lending​ service, recently offered 60-month auto loans at 4.5% compounded monthly…

A:

Q: When your first child is born, you begin to save for college by depositing $275 per month in an…

A: Given data Total money depositing per month is $275. Rate of interest is r=12%=0.12 per year.…

Q: A small business owner contributes $4,000 at the end of each quarter to a retirement account that…

A:

Q: Find the total value TV of the given income stream and also find its present value PV (at the…

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Q: 5. Does the table below show an example of simple interest or compound interest? Justify your…

A: The basic understanding of simple and compound interest is necessary in order to get this problem.

Q: heg How much should a father invest at the time his daughter is born in order to provide her with…

A: Let the amount he needs to invest be P.

Q: Assuming continuous compounding, what will it cost to buy a $10 item in 3 years at the following…

A: The solution as follows:

Q: You would like to retire a millionaire! You plan on retiring in 40 years and using  historical data…

A: Here We want $ 1000000 end of 40 years  Here Suppose P0 amount is invested now which is earning 5 %…

Q: An investment of $6000 is deposited into an account in which interest is compounded monthly.…

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Q: Find the amount that results from the investment. Round the answer to the nearest cent $480 invested…

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Q: You find that the going rate for a home mortgage with a term of 30 years is 7% APR. The lending…

A:

Q: Suppose you have $5200 deposited in an account with interest compounded monthly. After 8 year the…

A: Given query is to find the rate of interest.

Q: 8) You want to deposit $5,000 in an account and have three different options. Complete the table and…

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Q: Use a banker's year described above to answer this question. To complete the sale of a house, the…

A: Given data:- The second person accepts a 260-day note for 8000$ at t10% Simple interest 1st person,…

Q: What effective rate is equivalent to a nominal rate of 5%compounded quarterly? 1 4. Select one: O…

A: Given that a nominal interest rate of 514% compounded quarterly. We have to find the effective rate…

Q: A small business owner contributes $4,000 at the end of each quarter to a retirement account that…

A: Topic - loans and installments

Q: Liz decides to save money to buy an electric car. She invests $500 every 6 months at 6.8% per annum…

A: This question is based on compounding formula.

Q: A credit card offers a borrowing rate of 18% compounded daily. What is the effective rate as a…

A: Note that: Effective rate =1+inn-1 where i is the interest rate and n is the number of periods Here,…