Claire has invested ​$11,000 in a 24​-month CD that pays an annualized rate of 3.98​%. How much interest will Claire receive at​ maturity? (Round to the nearest cent)

Q: Suppose Emily invests $2000 at the end of each quarter in an account with nominal interest rate 4%,…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Skeng would like to receive equal instalment of $250,000 at the end of each year for the next 8…

A: FORMULA PVA = P*[1-(1+R)-N]/R Where PVA - Present value of annuity P - Annual payment amount i.e.…

Q: varisto would like to invest N$ 12 500 a month at the beginning of each month at an interest rate of…

A: Investment = $12,500 Interest rate = 12% Compounded = Quarterly  that 4 times in a year

Q: Togo's monthly salary is $1080 and his monthly expenses are on average $750. Togo is looking at some…

A: Investments providing a compounding interest rate calculate interest on the principal as well as…

Q: Mrs. Kinton borrowed $35,000 to be repaid in 3 equal semi-annual payments. If the interest is 8%…

A: Solution:   Amount borrowed = $35,000 Semiannual interest  rate = 8%/2 = 4% Nos of semiannual…

Q: If Rachel obtained a business loan of $205,000.00 at 4.49% compounded semi-annually, how much should…

A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: Julea invests P100 000 in an account earning 10% compounded quarterly. At what nominal rate…

A: The interest rate that did not take inflation, any fees on the loans, and compounding of the…

Q: Tony is converting an RRSP balance of $275,000.00 into a RRIF. Tony wants to receive $1,911.00 at…

A: Time value tells that money received today is of more value than that of receiving the same value…

Q: Ms. Maya Manaco has P2,500,000 to invest for a ear. She can lend it to his brother who has agreed o…

A: Solution Given Alternative 1 Simple interest Rate 10% Present value 2500000…

Q: Diane invested $4500 in an account that pays an annual interest rate of 3.7%, compounded monthly.…

A: Amount in the account after one year= $ 4669.35 Effective rate of interest = 3.76%

Q: Hannah plans to invest $125 at the end of each month into an RRSP for the next 5 years. If she earns…

A: We need to use financial calculator to solve this problem. The following inputs need N=Periods…

Q: Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,320 from…

A: Using excel PV function to calculate the Insurance settlement amount

Q: Interest Earned. Claire has invested $9,000 in a 18-month CD that pays an annualized rate of 5.31%.…

A: Investment (P) = $ 9000 Period (t) = 18 Months = 1.5 Years Annual interest rate (r) = 5.31%

Q: Brian invests $13,500, at 8% interest, compounded semiannually for 2 years. Manually calculate the…

A: Since, more than three sub parts are asked at a time. The answer for first three sub parts is only…

Q: Mariana places the initial amount of $1,000,000 in a CDT at a monthly compound interest of 5% for 3…

A: Future value (FV) is the amount that a present investment will increase in value over time when kept…

Q: Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end…

A: Deposit at year-0 = $ 2800 Deposit at year-1 = $ 900 Deposit at year-2 = $ 575 Interest rate = 2.20%…

Q: Greg owns two debt payments - a payment of $5338 that was due in 11 months ago and a payment of…

A: The concept of the time value of money states that the same amount of money is worth more today than…

Q: Charmaine has just purchased an apartment at a price of $10 million. She made a down- payment of $4…

A: Loan amount (L) = $6 million n = 15 years = 180 months r = 3% per annum = 0.25% per month Let M =…

Q: If Marco invests $800 each year for 16 years at 9.5% interest, compounded quarterly, what is the…

A: Present Value of Ordinary Annuity refers to a concept which determines the value of cash flows at…

Q: Laura has decided to invest $5,000.00 at the beginning of the quarter for 10 years. If the interest…

A: Annuity refers to series of equalized payments that are made either at start or end of specific…

Q: At an interest rate of 7 - %, Karen borrows $4,000 for 13 years. How much interest will she pay?

A: Concept: The interest is the product of principal, time period and number of years that is divided…

Q: Maria invested R15 000 for a period of 5 years at an interest rate of 10% per year compounded semi-…

A: Compounding interest semiannually means that the principal of a loan or investment at the start of…

Q: Kyle was supposed to pay Erin $6,700 6 months ago and $720 in 5 months. If he wants to repay this…

A:

Q: arwin has a capital of $ 7100.00 which he invests for 3 years at 7.6 % p. a. a)How much will he…

A: Effective annual interest rate is the real return on investments made when the effects of…

Q: Your friend made an investment of P 45,000 for 2 months at 15% simple interest. If withholding tax…

A: Simple interest = Amount x Rate x Time =  P45,000 x 15% x 2 months12 months = P1,125

Q: Ahmed has S2,500 invested at a guaranteed rate of 4.50 percent, compounded annually. What will his…

A: Information Provided: Present value = $2500 Interest rate = 4.50% Term = 5 years

Q: Sally has a sum of $19000 that she invests at 7% compounded monthly. What equal monthly payments can…

A: Present value (P0) = $19000 Monthly interest rate (r) = 0.00583333333333333 (i.e. 0.07 / 12) Monthly…

Q: At the end of each quarter, Patti deposits $1,800 into an account that pays 10% interest compounded…

A: Future Value of Annuity = Present Value x [{(1 + i)n - 1} / i]

Q: Shane was receiving rental payments of $3,000 at the beginning of every month from the tenants of…

A: Solution:- When an equal payment is made each period at beginning of the period, it is called…

Q: Gabrielle obtained a business loan of $245,000.00 at 4.03% compounded semi-annually, how much should…

A: Loans are paid by the periodic payments that carry the payment for interest and payment for…

Q: Dan took a loan of P560,000 from L. A. Finance to purchase a car. If the company charges compound…

A: We need to use compound interest formula to calculate amount payable at the end of year 5.The…

Q: Marek is collecting simple interest on a $1,000 CD with an annual rate of 2.40%. What was his…

A: Simple interest is interest computed on principal amount and not on interest earned during the…

Q: One month from​ now, Kelly will make her first monthly contribution of ​$250250 to a​ Tax-Free…

A: Given information in question monthly contribution is = $250 Expected return = 8% (per annum) Future…

Q: Jill placed ​$11,000 in a 120​-day CD that offered an annualized return of 5​%. How much interest…

A: Certificate of deposit (CD) is a fixed time investment which is offered by banks, credit unions and…

Q: Lisa is depositing $1,600 in a​ six-month CD that pays 2.83​% interest. How much interest will she…

A: A certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed…

Q: Marissa converted an RRSP balance of $125,000 into an RRIF that will pay he $1,850 at the end of…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Maryanne purchases a house for $380,000 and takes a mortage for the full amount. Her mortgage…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Lea buys a sala set. She pays P2, 500 down payment and pays P1, 200 per month for 2 years. If…

A: Cash equivalent of Sala set = Down Payment + Monthly installments

Q: Mr. Nina borrows $425,000 from the bank at 3.5% per year interest over a 30-year period. He can make…

A: Amount borrowed = $425000 Interest rate = 3.5% Period = 30 years  Monthly payment = $1400

Q: Maricar bought a split type inverter aircon which costs P33,500 in an installment basis . How much…

A: It can be calculated using rate formula in excel. =RATE (nper, pmt, pv, [fv], [type], [guess])…

Q: Jacqueline invests $12000 for 8 years and 8 months. The account earns 11% semiannually. What is n…

A: Investment = $12000 Time of Investment = 8 Years and 8 Months Interest Rate = 11% per year…

Q: Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,560 from…

A: Using excel PV function to calculate the insurance settlement

Q: Sabel converted her loan to light payments which give her an option to pay PHP1,500 every quarter…

A: Answer: Calculation of the amount of the loan: Given: Quarterly payment (P) = PHP1,500 Number of…

Q: Ashley borrows Php.75,000 from Stella with interest at 6% compounded quarterly. She agrees to pay…

A: Loan amount (PV) = Php. 75000 First payment period = 3 Years First payment quarterly period (t) =…