Q: A deposit of $495 earns 3% p.a. interest compounded monthly, how much money will be in the bank…
A: Given information, Principal amount (P): $495 Interest rate (r)= 3% Compounding period (m): 12…
Q: What is a simple interest rate?
A: Interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan or…
Q: Interest earned with an annuity due is higher than that with an ordinary annuity. Do you agree or…
A: An annuity is a series of payments paid or received over a defined length of time. The timing of the…
Q: Find the value of $5000 five years ago when the interest rate is at 6.5%, compounded semiannually.
A: Present value is equal to PV = FV(1+rn)nt where PV is present value . FV is future Value , t is…
Q: What is the future value of $3,000 saved for 6 years at 4% interest
A: FV = PV ( 1 + r )^t FV = Future value PV = present value i = interest rate compounded annually t =…
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: How long in years will money double its amount if invested at 10% simple interest?
A: Given interest r= 10%
Q: Write the formula developed for calculating compound interest?
A: Compound interest refers to the interest calculated on the principle amount, thus increasing the…
Q: Nicholas made a deposit of $5,000 in a savings account that earns 2% per year. What is the maximum…
A: here we calculate the given by following method as follow;
Q: David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per…
A: In economics, present value refers to the current value of future steam of cash flow. Future value…
Q: 1. What is the amount of interest earned on $5,000 for eight years at 10% simple interest per year?
A: Since we only answer one question at a time, we will answer the first question. Please submit a new…
Q: 1. How many years will a deposit triple itself at an interest rate of 7% per annum compounded…
A: Hi! Thank you for the question, but as per the guidelines, we answer only one question at one time.…
Q: How much money do you need to deposit in a bank each month if you are planning to have $5000 in four…
A:
Q: A businessman needs to have P200,000 in eight years. How much(P) must he put into his 18% savings…
A: Compound interest formula: FV = P (1 + r / m)nm Where FV is the future value P is the principal…
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: How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity…
A: The interest rate is the amount a lender charges a borrower and is a percentage of the principal the…
Q: Rewrite it
A: The article is about the PPF. PPF refers production possibility frontier, which is also known as the…
Q: Importance of saving money
A: Money: It refers to the cash which is available to the people. Money can be used for buying goods…
Q: Suppose you were promised $400 three years from now and $600 at the end of five years. How much is…
A: Here, we calculate the worth at 12% interest as follow;
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: You plan to deposit $300 each year into an IRA earning 4% interest annually. How much will you have…
A: In enginnering economic, all the given information is denoted with specfiic symbols such as: Yearly…
Q: Define the term Interest?
A: Interest refers to the amount of money that an individual gets paid for investing or lending money…
Q: Liz plans to deposit $10,000 in the bank now and another $5,000 two years from now. If she plans to…
A: Deposit = 10,000 deposit after 2 years = 5,000 withdraw after 5 years = 8,000 interest rate = 10%
Q: At 10% compounded annually, how long will it take for money to double itself?
A: Given: Interest rate = 10% (in percentage) To find out how long will it take for money to double…
Q: If an investor invests a sum of $1000 in a bank for 1 year with an interest rate of 10% compounded…
A: Given the invested amount = $1000 The investment made for a time period = 1 year Interest rate = 10%…
Q: Is the cash flow broken into four parts? What are they?
A: Answer - Cash Flow - Cash flow means the amount of cash present at a given time which cash used in…
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: 3. How much will you have in 40 years if you save $3,000 each year and your account earns 8%…
A: Future value is the value of a current resource at a future date in light of an accepted pace of…
Q: How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000…
A: In economics, interest refers to the amount paid in excess of the principal amount by the borrower…
Q: Rashed wants to make his investment triple its value at the end of twelve (12) years’ time. What…
A: We need to assume some terms such as interest rate , principle amount and then nee dto calculate the…
Q: Find the present value of 10% interest of the series of payment starting at year 1 of $100 and…
A: According to the question, Interest rate = 10%, number of years = 10 Cashflows series Year 1…
Q: Lia wishes to have $3000 after 3 years in an account that draws 6% nominal interest compounded…
A: In this question we have to find out the principal value with the help of the above information.
Q: Liz plans to deposit $20,000 in the bank now and another $5,000 two years from now. If she plans to…
A: Introduction: An annuity of payments is made at fixed distances. Examples of annuities are recurring…
Q: Shalika puts $650 into a savings account that pays 3.2% interest per year, compounded annually. What…
A: Given Shalika puts 650 into account today that means present value P= $650 Rate of interest i=3.2%…
Q: QUESTION 4 pu will deposit 18,285 at 10% simple interest rate for 6 years, and then move the amount…
A: Compound interest is calculated by multiplying the initial principal amount by one plus the annual…
Q: accounts. How much will Mr. Jones have in his savings account in thirteen years if $50,000 is put in…
A:
Q: Find the present worth of a perpetuity of 1,000 annual payments with interest of 6%
A: According to the question, perpetuity is of 1000 at the interest rate 1% Present value is the…
Q: How many years would it take to take an investment of $28,000 to double 11% annual interest?
A: Present amount is 28000 and future amount is 2*28000 with rate of interest of 11%
Q: How long would it take an investment to triple if the interest rate is 6% compounded annually?
A: Answer Given in the question - Interest rate = 6% = 0.06 Need to find - Time for investment to…
Q: If $800 is deposited in a savings account at the beginning of each year for 12 years and the account…
A:
Q: Bank A pays 8% compounded continuously, while bank B pays 8.159% compounded daily. Which bank pays…
A: Given that, Bank A pays 8% compounded continuously, while bank B pays 8.159% compounded daily.
Q: How long will an account invested at 11.5% compounded yearly be tripled?
A:
Q: what is the present value of a loan when a monthly payment of ₱3,250 is needed to extinguish for 3.5…
A: Present Value gives the value of a series of cash flows when it has been discounted with the current…
Q: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…
A: Given values in the questions: Payment made quaterly = $5000 The time period for which the payment…
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: How much should you put in a 10% savings account in order to have P20,000 in five years?
A: Given information: Future value (F)= P20,000 interest rate (r)= 10% time period (t)=5 years To…
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- How many years would it take to take an investment of $28,000 to double 11% annual interest?David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per year. If he continues to contribute for the next 10 years, how much would he have in his account?Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.
- How long in years will money double its amount if invested at 10% simple interest?Compare the interest earned by $9,000 for six years at 7% simple interest with interest earned by the same amount for six years at 7% compounded annually. Why does a difference occur? The simple interest earned is $ ?At 1% interest rate, how much should you invest today to be able to withdraw ₱ 3,053 annually for 8 years if payments are done every beginning of the month?