Aldin invests 20% of his 140,000 php monthly salary at the end of each month in a fund that pays 4% interest compounded monthly. What is the future value of his savings after 15 months? 429,942.98 php B 6,890,533.67 php 6,091,792.90 php 449,041.33 php

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: Jacob already knows that he will have $650,000 when he retires. If he sets up a payout annuity for…

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Q: As part of your retirement planning, you purchase an annuity that pays 5.25 % annual  interest…

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Q: Find the amount of an annuity that consists of 16 quarterly payments of $300 each into an account…

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

A: topic - application of geometric progression

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

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Q: A newly married couple bought a house for P175,000. They paid 20% down and amortized the rest at…

A: A newly married couple bought a house for P175,000. They paid 20% down payment and amortized the…

Q: Jill plans to put her money worth PhP 455,316 in a time deposit paying 2.32% compounded monthly for…

A: This question is related to Compound Interest,  we will solve it using given information.

Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: The annual interest rate on credit card is 24.99%. How long will it take to pay off an unpaid…

A: According to the guidelines I am answering only first question.

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: 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: Jungkook purchased a new car under these terms: 800,000 php downpayment and 17,500 php each month…

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Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: A man bought a lot worth P2026862 if paid in cash. By installment, he paid a down payment of…

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Q: Sophia obtains a loan of php300,000 with interest at 8% compounded semiannually. She will pay her…

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Q: Find the present worth of a future payment of P80,000 to be made in six years with an interest of…

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Q: Find the future value and the interest earned if RM10000 is invested for three years at 6%…

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Q: Find the future value and interest earned when RM6 000 invested for 8 years at 12% compounded…

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Q: 3. Ryza borrows Php150,000. At what rate compounded bi-monthly will her interest be if she agrees to…

A: Given that Ryza borrows Php 150,000. She agrees to pay Php 10,000 more at the end of 2 years. And…

Q: A newly-formed business bought a property worth PHP14.5M. It deposited a down payment of PHP3M with…

A: Given: Cost = 14.5M Replacement = 3M n = 4*10 =40 rate= 12%

Q: If you lend $3300 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given that, Present value, P = $3300 rate, r = 8% annually = 0.08 time, t = 15 months = 15/12 years…

Q: Find the ending balance: $1,500 for 22 years at 9% annual compound interest

A: Compound interest is calculate as: A = P(1+r)t A = final amountP = principal amountr = interest…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

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Q: 4. Mr. Torres plans to invest Php100, 000.00 in a savings account at the time of his son's birth and…

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

Q: Find the amount of an annuity that consists of 24 monthly payments of $500 each into an account that…

A: Monthly payment= R= $500 Number of payments = n= 24   Interest = r=i/n= 8%/12 = 0.08/12

Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

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: Find the future value of Php 2,000 after one year at 3% interest rate compound a. quarterly b.…

A: We can find the answers as below.

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

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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 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: As part of her retirement planning, Mrs. Barth purchases an annuity that pays  17.5% compounded…

A: The quarterly payment is R=$3500 Quarterly interest rate is i=0.1754=0.04375 Number of…

Q: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

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

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Q: Find the total future value for $3200 invested at 3% simple annual interest for 7 years.

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Q: charles lends Php 45,000.00 for 3 years at 5% compound semi-annually. Find the future value and…

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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: Ms Daisy bought a car. After paying the down payment, the amount of the loan is Php 500,000 with an…

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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: $2,000 is invested for 8 months at an annual simple interest rate of 12%. (a) How much interest…

A: Recall the following. I=PnrI is the simple interest obtainedP is the principal amountn is the number…

Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

Q: 2. A Php1,000,000-trust fund was set up and to be used by an 8-year old nephew when he goes to…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: If your monthly payments are $124, how much will you have in your retirement fund after 40 years? $…

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Q: A laptop was bought for 10,000 php plus a monthly installment of 4,500 php scheduled to be paid at…

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Q: Jill plans to put her money worth PhP 463,349 in a time deposit paying 2.27% compounded monthly for…

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