Q: Find the nominal interest compounded quarterly equivalent to 12.00% effective interest?
A: Effective annual interest rate is rate that is regarded as the real return on a loan or savings for…
Q: If you are investing your money, which is better? 13% compounded quarterly 13% compounded…
A: The answer is given below
Q: How long will it take for $5,000 to double when invested at 8% compounded quarterly?
A: Formula for compound interest is A = P(1=r/n)^(tn) Where n is the compounding frequency P is the…
Q: Compared the interest earned by $13,000 for seven years at 8% simple interest with interest earned…
A: Given: Principal amount ( P) = $13,000 Interest rate(r) = 8% Time(t) = 7 years
Q: Sam promises to pay Sandy $2,000 in four years and another $3,000 four years later for a loan of…
A: Interest rate: The real interest rate is the rate of interest that is being calculated in an economy…
Q: You borrow $700,000 at 3% interest for 30 years on a mortgage. How much total will you pay back on…
A: Compound interest is also referred to as "interest that is not simple." Compound interest does not…
Q: How long will it take for a money to quadruple itself if invested at 12% simple interest rate.
A: The future value in the case of simple interest is calculated by the following formula. A = P ( 1 +…
Q: How long will it take for an investment to double at a 3% per year compound interest rate.
A: Interest is the cost of capital in the context of borrowed funds.
Q: How long should ₱50,000 be invested at 6% compounded semi-annually if it should earn an interes
A: Principal amount is given which is equal to 50,000. We are required to find out the number of years…
Q: Find the annual effective rate of 16% compounded quarterly?
A: Find the annual effective rate of 16% compounded quarterly.
Q: How long will it take money to quadruple itself if invested at 13% compounded annually?
A: Money quadruples meaning current value becomes four time in n years.
Q: Approximately how long will it take a deposit to triple in value if money is worth 12 % compounded…
A: here we can calculate how long will it take a deposit to triple in value as follow
Q: How many years will it take an investment to triple if the interest rate is 8%compounded?
A: The rule of 115 can be used to calculate the number of years that take an investment to triple.
Q: A series fequal quarterly payments of $5,000 for 10 ears is equivalent to what present amount t an…
A: here we calculate the given by following method as follow;
Q: If I loaned an amount of 27,292 with an interest rate of 10% for the three and half years compounded…
A: Present value = 27292 r = 10% Time = 3.5 years
Q: Find the equivalent rate of interest of 9% compounded quarterly to an interest rate compounded…
A: Given interest rate = 9 % compounded quarterly quarterly rate = 9/4 = 2.25 % effective interest rate…
Q: If $2500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…
A: Annuity(A) is the series of regular income(Y) received on an initial investment(I) for a given…
Q: How much loan will be extinguished for a monthly amortization of ₱4,500 at 12% interest compounded…
A: Formula to be used: Compound interest (PN)=PO1+rKNKPN=Balance after n yearsN=YearsPO=Principal…
Q: How much will $4,200 be worth in 10 years with 7% interest compounded continuously? **** The future…
A: Interest is compounded annually when the interest accrued on the initial principal and the…
Q: Which of the following is the preferable interest rate for investing your money? (i) 12% Compounded…
A: Given: Interest rate (r)=12%
Q: ill deposited 100,000 pesos in bank account earning interest at the rate of 10% compounded…
A: Amount deposit = 100,000 r = 10% n = 10
Q: At 8% annual interest compounded monthly, how long will it take to become a millionaire if you…
A: The annual interest rate is 8%, compounded monthly The amount invested is $150,000 We have to find…
Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…
A: We use the rule of 72 here. Rule of 72: Years to double the principal = 72/Interest Rate
Q: What is the accumulated amount of a 10-year annuity paying ₱ 1,744 at the end of each year, with…
A: Given information: Time, n = 10 years Annuity = 1744 Interest amount, r = 4%
Q: A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at…
A: Given: The series of semi-annual payments of = $1,000 Years = 3 The rate of interest is = 12%…
Q: Five annual deposits in the amounts of $5,000, $4,500, $4,000, $3,500 and $3,000 are made into a…
A: Here, we see that every year, there is a decrease of $500 in the installments.
Q: Does the compounding increases the amount of interest paid over a year atthe same nominal interest…
A: The interest rate is the income earned by the investment in the economy. When the money is invested…
Q: If a rate of 3% interest is compounded monthly, the effective rate of interest is somewhat less than…
A: The genuine interest rate attached to an investment or loan is described by the effective yearly…
Q: If P25,000 is invested at 8% interest compounded quarterly, how many years will it take for this…
A: Quarterly nominal interest rate = 8% / 4 = 2% Let number of quarters be N. Then 25,000 x (1.02)N =…
Q: The interest derived from monthly compounding is always __________ that derived from quarterly…
A: Interest is the amount paid in excess of the borrowed amount by the borrower to the lender. The…
Q: Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?
A: P = P3,000 n= 4 (because it is compounded quarterly) t = 9 r = 6% = 0.06 A = P(1+r/n)nt = 3000 x…
Q: How many years will it take an investment to triple if the interest rate is 8% compounded…
A: Compound interest refers to the adding of interest to the principle amount of a loan or deposit, or…
Q: Suppose you make equal quarterly deposit of $ 1,000 into a fund that pays interest rate of 12%…
A: Quarterly deposit = 1000 Interest = 12% Balance at the end of 3 years = ?
Q: the desired accumulated amount is $70,000 after 14 years invested in an account with 2% interest…
A:
Q: How much is accumulated in each of the savings plans over two years? a. Deposit €1300 today at 10…
A: Compounded annually formula: A = P (1 + r)t Where A is the future value P is the principal amount…
Q: Suppose you deposit $35,000 in an account today that pays 3.78% interest, compounded annually. How…
A: The compound interest adds the interest acquired on a time period to the principal amount and the…
Q: How much do you have to deposit now in your savings account that earns a 9% compound annual interest…
A: In economics and finance, present value, also known as present discounted value, is the value of an…
Q: A series of 10 annual payments of $7,500 is equivalent to three equal payments at the end of years…
A:
Q: If you deposit $8,000 into an account paying 8% annual interest compounded quarterly, how…
A:
Q: If the interest rate is 6% compounded quarterly, how long (number of quarters) will it take to earn…
A: The interest income on any instruments such as bank deposits and bonds is the amount received over…
Q: How much money today is equivalent to $10,000 in 12 years, with interest at 10% compounded annually?
A: The present value is the value of future sum of money at the given interest rate.
Q: A trust will pay you $50,000 per year for 30 years starting 1 year from now. Assuming an interest…
A: Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and…
Q: How long will an account invested at 11.5% compounded yearly be tripled?
A:
Q: how long does it take for an investment to double at 1.4% compounded continuously
A: Continuous compounding is the numerical furthest reaches that accruing funds can reach if it's…
Q: What amount a man deposit each year so that he can withdraw P 50 000 at the end of ten years. If the…
A: Given information, Future value (F): P 50,000 Time period (n): 10 years Interest rate (r): 6%…
Q: What interest compounded monthly is equivalent to an interest rate of 78.9% compounded. quarterly?
A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: What interest compounded 10 times a year is equivalent to an interest rate of 5% compounded…
A: Compounding Interest rate = 5% quaterly
Q: Calculate the amount of money that must be deposited today in a savings account that pays 15% annual…
A:
At 10% compounded annually, how long will it take for money to double itself?
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