Calculate the simple interest and maturity value. Principal is $18,400, Interest rate is 6 1/4% and the Time is 18 months. What is the simple interest. What is the maturity value.

Q: Suppose you borrow $8500 for a term of five years at a simple interest and 8.25% APR. how much is…

A: Interest is the cost of borrowing the money.

Q: Complete the table below giving the principal P that must be invested at interest rate 10.5 %…

A: The Principal value is given as: P = A / (1+r/n)nt where, A = amount after t years r = compounding…

Q: What is the balance after 4 years on a CD with an initial investment of $2,000.00 and a 3.1%…

A: given, pv = $2000r= 3.1%n =4

Q: Find the interest rates in the situation as: The effective annual interest rate is 11.02% and…

A: The nominal interest rate is the rate of interest before considering the inflation. It is also known…

Q: What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6…

A: Interest = Principal * Rate * Time where, Interest = P500.00 Principal = P2,000.00 Time = 6 months =…

Q: Assume that you take out a $7000 loan for 46 months at 7.5% APR. How much total interest will you…

A: Loan: It is the amount of money borrowed from a person or bank or company for a certain period…

Q: What is the balance after 2 years on a CD with an initial investment of $3,500.00 and a 2% interest…

A: FV = PV* (1 + r / n)nt Where, PV = Present value FV = Future value r = Rate of interest (percentage…

Q: What present amount is necessary to attain a future amount of $190 in 9 months, using an annual…

A: The formula used as follows: A=P1+rt

Q: Manually calculate the compound amount and compound interest (in $) for the investment. Time Nominal…

A: The compound amount is the amount that accumulated with the interest rate without paying out. The…

Q: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment.…

A: In finance, the concept of time value states that money today has more purchasing power than the…

Q: What is the simple interest and maturity value if P15,500 is borrowed at 12.5% simple interest for…

A: Here, Borrowed = P15,500 Interest rate = 12.5% simple interest Time period = 15 months To Find:…

Q: What is the simple interest on ₱ 30,000 for six months at a simple interest rate of 12% (b) What is…

A: Investing is a critical component of wealth growth. It enables the investor to fight inflation,…

Q: Suppose an annuity pays $2000 at the end of each 3 month period for 3.5 years at an interest rate of…

A: given, A = $2000 n = 3.5 r = 4% pa but it is compounded quarterly therefore, frequency of…

Q: For the following amount at the given interest rate compounded continuously, find (a) the future…

A: Given, P = $5300 r = 3.4% = 3.4/100 = 0.034

Q: 1. How much was borrowed if a simple interest rate of 7% was offered payable in 12 months with…

A: 1) Simple interest rate (r) = 7% n = 12 months = 1 year Interest = P 150 Let the amount borrowed = X

Q: If the interest rate is 7.5% per year and the principal is 2,500, determine the amount of interest…

A: Interest= 2500 * 7.5% * (20/12) = 312.50 20/12 is done as the interest is for 12 months and we need…

Q: Find the maturity value of a simple interest loan of $4600 taken at 6.75% for a duration of 49 weeks

A: Maturity Value = Principal + interest

Q: What is the interest earned in a savings account after 12 months on a balance of $1000 if the…

A: Because a dollar on hand now is worth more than a dollar promised in the future, the time value of…

Q: If the total interest paid equals the borrowed principal over 25 years, determine the simple…

A: The formula used as follows: Simple interest=P×r×t

Q: The annual interest rate is 12%. Find (a) the semi-annual rate, (b) the quarterly rate, (c) the…

A: semi-annual rate is the rate that is compounded twice a year (i,e) for every six months is called…

Q: What's the maturity value of a $500 loan at an annual simple interest rate of 9% at the end of 6…

A: Future value = Amount * (1+rate*time)

Q: If $900 is borrowed and the interest after 6 months is $63, what is the annual interest rate for a…

A: The term simple interest refers to the borrowing arrangement in which the interest is only charged…

Q: What is the term if the final amount is P7,321 and the principal is P2,500 at 15% compound interest…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: If the nominal annual interest rate is 15%, what is the effective interest rate when interest is…

A: Given, Nominal interest rate = 15% Compounded frequency = Monthly We need to compute the effective…

Q: Find the annual simple interest rate of a loan, where $800 is borrowed and where $904 is repaid at…

A: Interest charged on the principal amount at a fixed rate for a fixed period of time is known as…

Q: Find the effective interest rate of 11% quarterly.

A: Nominal interest rate (r) = 11% Number of compounding per year (m) = 4

Q: The maturity value of a three-month loan of 2,500 dollars is 2,577 dollars. Find the simple annual…

A: Simple interest dose not take compounding into consideration.

Q: What is the maturity value of a 8-year term deposit of $1773.97 at 4.4% compounded quarterly? How…

A: Maturity value is calculated with the Future value formula which is as follows. Please note the…

Q: An interest rate is quoted as 4% per annum with quarterly compounding. What is the equivalent rate…

A: If R and r are the interest rate with compounding frequency of i and j respectively, in a year then:…

Q: Assume a 360 day year, when a 48,000, 90 day, 8% interest bearing note payable matures, the total…

A: Total payment = Note + Interest   Interest = $48,000 * 8% * 90/360 Interest = $960

Q: Calculate the maturity value of a simple interest, 3-month loan of $8000 if the interest rate is…

A: Given: Period = 3 months Loan = $8,000 Interest rate = 5.6%

Q: Suppose the future value of a 7.25% simple interest loan is $3,208.91 at the end of 185 days. Find…

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: What amount will be accumulated by Php 1,520 in 10 semi annuals at 6% compounded bi-monthly? What…

A: Since you have asked multiple questions, we will solve the first question for you as per policy.…

Q: For an interest rate of 1% per quarter, determine the nominal interest rate per (a) semiannual…

A: The nominal rate of interest is the annual rate which is charged on the securities. The nominal…

Q: What is the interest if $200 is borrowed for 24 months at 10% simple interest? Interest = $

A: Given Principal = $200 Rate = 10%

Q: If the total interest paid equals the borrowed principal over 20 years, determine (a) the applied…

A: Assuming Present Value = Interest Paid = 1000 Future Value = Present Value + Total Interest paid…

Q: Calculate the interest and total amount to E Pay attention to the term, sometimes peop equal a whole…

A: The total amount of the loan paid is the sum of interest and principal.

Q: Complete the following using compound future value. Time 2 years, Principal  $15,000, Rate 8%,…

A: Future value: This is the amount of present value accumulated or compounded at a rate of interest…

Q: What nominal interest rate is implied if you borrow 12,500 and repay 21,364.24 in three years with…

A: Using excel RATE function

Q: Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at…

A: Future value = Present value * (1 + rate*time)

Q: If the interest bearing account yielded an effective interest rate of 9% what would nominal rate,…

A: The question is based on the concept calculation of effective interest rate (EIR) of quarterly…

Q: Calculate the simple interest and maturity value. Principal $9,000, Interest rate 2.25% and time is…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: e note has been outstanding 10 months, what is the annual interest rate on that note?

A: Note payable refers to the long term liabilities which reflects the sum value of money a company…

Q: Find the maturity value of a loan of P18,000.00 made for 2 years at 8% simple interest.

A: Maturity Value based on simple Interest: = Principal + Interest  = Principal + ( Principal ×…

Q: What is the simple interest for a principal of 560 dollars invested at a rate of 9% for 5 years?

A: The simple interest rate is calculated by multiplying the principal amount with the annual interest…

Q: .h Find the principal, if the principal plus the interest at the end of one and one-half years is…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: Complete the table below giving the principal

A: Time value of money (TVM ) means that the money received today will  have more than the money…

Q: What is the interest if $200 is borrowed for 24 months at 10% simple interest? Interest = $

A: Given, Principal = $200 Months = 24  Rate = 10%

Q: Complete the following using compound future value. Time 13 years, Principal  $16,800, Rate 2%,…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.