Q: Nisha takes a loan of $45,000 at 6% per annum for 1^1/2 years. Assuming that the interest is…
A:
Q: Find the time required for an investment of 3,000 dollars to grow to 5,000 dollars at an interest…
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Q: Find the nominal interest rate compounded daily that corresponds to an effective rate of 4 %- 4
A: Effective interest rate=1+rnn-1
Q: sted is compounded monthly rather than compounded annually?
A: We cannot add funds to the present account so annuity will cover the present worth but cannot be…
Q: A student pays back a loan (principal + interest) of $12 344. If it compounded weekly for 4 years,…
A: A=P1+rnnt
Q: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…
A: For compounded monthly, n=12
Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly
A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…
Q: 6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?
A: Since there are multiple questions the first questions is answered as per our guidelines. kindly…
Q: Find the effective rate to the nearest hundredth for nominal interest rate. 7% compounded quarterly
A:
Q: Find the time required for an investment of 4,000 dollars to grow to 6,000 dollars at an interest…
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Q: If Landon invests $3,000 in a 6-year certificate of deposit at the annual rate of 7.75%, compounded…
A: Let A be the amount of future value of investment,then A can be calculated as follows
Q: Alan deposited $6000 into an account with a 5% annual interest rate, compounded semiannually.…
A: A(t)=P1+rnntP is the deposited amountr is the ratet is the timeA is the amount after time ,t
Q: Find the accumulated value of an investment of $20,000 at 5.25% compounded annually for 12 years.…
A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…
Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…
A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…
Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.
A: Given information P=$10,000 Rate of interest r=2% ⇒r=2100=0.02 Time t=10 years For quarterly…
Q: $10,000 is invested for 5 years with an APR of 2.75% and monthly compounding.
A: The complete solutions are given below
Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…
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Q: Evaristo would like to invest N$ 12,500.00 a month at the beginning of each month at an interest…
A: To find the C.I.
Q: Liz wants to accumulate at least $40,000 by depositing $900 at the end of each month into a fund…
A: As the interest rate is compounded monthly: Part (a): Future value for the annuity is computed…
Q: Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate…
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Q: Find the effective rate of interest.For 5% compounded quarterly
A: Effective interest rate is the equivalent annual interest rate compounded annually which is…
Q: If an investment grew to $13,500 in 3 years and the interest amount earned was $1,531.34, calculate…
A: To find out the compound interest.
Q: find the present value of $75,000 if interest is paid at a rate 3% per year, compounded monthly for…
A: Only you have to careful what the question saying...wheather it is compounded yearly or compounded…
Q: Find the compound interest on an investment of $18,000 at 8% compounded quarterly for 15 months.
A: In the given problem the investment is $18,000 , the rate of interest is 8%, the investment…
Q: A principal of $2000 is placed in a savings account at 3% per annum compounded annually. How much is…
A: A principal of $2000 is placed in a savings account at 3% per annum compounded annually.
Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…
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Q: Find the total accumulated amountpresent in an account after investing $42,000 for 8 years at a rate…
A: Given Data: The amount invested is: P=$42000 The time period is: t=8 years The rate of compounding…
Q: What is the annual percentage yield of 5% compounded quarterly?
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Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…
A: An investment of 5000 dollars to grow 6600 dollars at an interest rate of 7.5 percent per…
Q: Find the annual percentage yield (to the nearest 0.01%) in each case. A bank offers an APR of 2.25%…
A: To find the annual percentage yield
Q: Find the annual percentage yield for an investment that earns 5 1/ 2% per year, compounded…
A: Given data: The amount is given by "A" The rate of interest per year is given by…
Q: Find the time required for an investment of 5000 dollars to grow to 7300 dollars at an interest rate…
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Q: Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly,…
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Q: Find the annual percentage yield for an investment that earns 8% per year, compounded monthly.
A: We have to find the percentage yield for an investment that earns 8% per year compounded monthly. We…
Q: Find the annual yield corresponding to a nominal rate of 8 1/2% compounded monthly.
A: Annual yield implies the total amount earned on the investments or deposits done, when the interest…
Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…
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Q: Melissa has an offer from a credit card issuer for 0% APR for the first 60 days and 28.49% APR…
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Q: Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate…
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Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…
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Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…
A: An investment of $5000 to grow to $6300 at an interest rate of 7.5 % per year, compounded quarterly…
Q: Calculate, to the nearest cent, the present value of an investment that will be worth $4,000 after 9…
A:
Q: A credit card had an APR of 23.83% all of last year and compounded interest monthly. What was the…
A: GIVEN APR = 23.83% COMPOUNDED MONTHLY MEANS n = 12 EFFECTIVE INTEREST = ?
Q: Find the required annual interest rate, to the nearest tenth of a percent, for $5200 to grow to…
A: Consider the given information
Q: Findthe present value of $100,000 if interest is paid at a rate of %8 per year, compounded monthly,…
A: Given, Future value, FV = $100,000 Interest rate, R= 8% time, t =10 years. Compounde period…
Q: Find the total investment after the given time. $58,000 at 5.5% compounded quarterly for 2 years.
A: To find the total investment after the given time. Given that , $58,000 at 5.5% compounded quarterly…
Q: Find the interest on P10,000 at 5 ½% for 4 years and 6 months compounded monthly.
A: Given that. Find the interest on P10,000 at 5 %2% for 4 years and 6 months compounded monthly.…
Q: How much did Speedy Movers borrow for a debt that accumulated to $58,040.76 in five years? The…
A: To find out the borrowed amount.
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