By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it amounts to P45, 000. When will the girl receive the money if the fund is invested at 8% compounded quarterly?

Q: Mr. Chua had a P50,000 business loan that is to be paid for 1 year. If the interest rate is 10%…

A: Solution :-

Q: At the time of her​ grandson's birth, a grandmother deposits $3000 in an account that pays 5%…

A: Given P = $3000r = 5% = 0.05t=21n=12A=P1+rnnt

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Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

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

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Q: A man receives 125,000.00 credit for his old car when buying a new model costing 375,000.00. What…

A: Given information Buying price=$375,000 Old car exchange value=$125,000 Interest rate r=6% Since,…

Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…

A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…

Q: Suppose you borrow $7,500 from a bank that charges 4% interest compounded monthly. How much will you…

A: From the given information, it is observed that the Principal is P = $7500, the rate of interest is…

Q: An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

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Q: If Shane deposits 5,000 into an account paying 5% annual interest compounded monthly, how long until…

A: From the given information, it is observed that P = $5,000, r = 5%, that is, 0.05, and A = $8,000.…

Q: How much should be deposited in an account paying 6% interest compounded monthly in order to have a…

A: For compound interest, we use this formula: A=P1+rnnt A is the final amount of money P is the…

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Q: A loan of P72, 000 after 3 years will amount to P128, 600 compounded monthly. What interest rate is…

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Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: The Pierras are planning to go to Europe 3 years from now and have agreed to set aside $180/month…

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A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

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Q: A mutual fund pays 14% compounded monthly. How much should I invest now so that 5 years from now I…

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Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

Q: A mutual fund pays 7% compounded monthly. How much should I invest now so that 2 years from now I…

A: fomula A=P(1+rn)nt

Q: At the time of her grandson's birth, a grandmother deposits $11,000 in an account that pays 6%…

A: At the child's 21 st  birthday total amount in account will be $

Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

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Q: 9. In order to have P1 million in a fund at the end of 15 years, how much must be deposited in the…

A: Solution

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per…

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Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

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Q: At the time of her​ grandson's birth, a grandmother deposits $1000 in an account that pays 5%…

A: The deposit is $1000, compounded monthly is 5%. The value of the account at the​ child's…

Q: What is the future value of $12,000 invested in an account that pays 4.25% compounded quarterly for…

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Q: In a certain account providing an interest rate of r compounded quarterly, P2,500 is deposited every…

A: P= 2500 Amount after interest =5200 interest rate of r compounded quarterly n=4/yr

Q: As a result of a court settlement, an accident victim is awarded $1.2 million. The attorney takes…

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Q: A man pays P 129,254  every end of six (6) months for a car bought on installment terms. If the man…

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Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

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Q: A debt of $9000 is to be amortized with 8 equal semi-annual payments. If the interest rate is 8%,…

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Q: 2. By the condition of a will, the sum of P20,000 is left to a girl to be held in a trust fund by…

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Q: How much will deposits of $35 made at the end of each month amount to after 15 years if interest is…

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Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2133 if…

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Q: A loan of P 50,000 is-to be amortized by paying quarterly in 1 year. If money is worth 10%…

A: Since you have posted multiple questions and we can answer one question. So, answered question…