Determine each of the items listed below. Ignore any grace period.   ​(a) the legal due date   ​(c) the amount of interest ​(b) the interest period​ (in days)   ​(d) the maturity value

Q: What is the annual opportunity cost of a checking account that requires a $300 minimum balance to…

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Q: A private school teacher plans to apply for a housing loan in the Home Mutual Development Fund or…

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Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 35000 at the time…

A: Given Total amount payable = 3500 Interest rate = 9% Terms= 10 years

Q: What is the continuous interest rate on a loan for $9,000.00 with a term of 4 months and a future…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: Solution:- use annunity formula

Q: Determine the equivalent effective interest rate of the 20% nominal interest compounding ona monthly…

A: Given, Nominal interest rate( i )=20% =0.2 n=12 ( i.e. monthly compounded in a year means 12…

Q: Sanchez corporation borrowed a working capital from barroga corporation for two consecutive years –…

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Q: Jordan contributed $700 at the end of every 3 months, for 3 years, into a Registered Retirement…

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Q: Compute the yield to maturity of a discount bond selling for $15,000.00 with a face value of…

A: From the given information, it is clear that, Future value FV= $ 18,000 Present value PV = $ 15,000…

Q: At what simple interest rate (in 4 decimals) will you have an interest of PhP 805 and a maturity…

A: Given: Interest Gained is PhP 805 and maturity value is PhP 2321. The term of the investment is 48…

Q: ou plan to withdraw $650 at the end of every 3 months, for 5 years, from an account that earns 6.4%…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=650 n=4 for quarterly…

Q: Businessman has a note of Php. 20,000 dated April 17, 2016. The date is due in 130 days with the…

A: Given : Principal amount =20,000 Interest rate=15% Dated April 17,2016

Q: 7. Calculate the APR for an 8% per annum nominal rate of interest compounded continu- ously.

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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: The interest rate on a GIC is 4.50% compounded quarterly. What is the purchase price of the GIC if…

A: Find purchase price of GIC

Q: What is the cash value of this annuity due at the end of year 11?

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Q: 3. Arian borrowed 5, 000 with an interest rate of 10% per month. What is the simple interest after 8…

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Q: On June 2nd, 2013, Joseph invested $16,000 in a fund that was growing at 4% compounded quarterly. a.…

A: Please refer to the image below

Q: Calculate the missing information for the loan. Round percents to the nearest tenth and days to the…

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Q: Calculate the accumulated value at the end of 3 years of 15,000 payable now assuming an interest…

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Q: A 5-year investment hes a maturity velue of P27, 500.00. if the applied rate is 7.5% simple interest…

A: GIVEN I=27500 r=7.5%=.075 t=5 year P=??

Q: A contract has been signed to leave a building at P200,000 per year with an annual increase of…

A: Solution:-

Q: Anny takes out a loan of $1,600, at 4% interest, for 42 months. Use the formula MV = P + 1 to find…

A: The formula for interest is ptr/100 Variables are defined in next step

Q: find the interest rate needed for the sinking fund to reach the required amount. assume that the…

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Q: Royal Company holds a loan with an interest rate of 11.00% compounded semi-annually. Calculate the…

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Q: Mr. Raf Santillan earned 8,200 interest in a retirement account paying interest at a rate of 0.8%…

A: In the given question, it is not mentioned that whether the interest is simple or compound. So, the…

Q: 6. A smart phone was bought at an amortized loan of P20 000 with 18% annual interest to be paid in 5…

A: as per our guidelines we are supposed to answer?️ only one question. Kindly repost other question as…

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $3,000 at…

A: Given

Q: $12,000 is borrowed for 110 days at a 9% interest rate. Calculate the maturity value by the exact…

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Q: 2. On August 25th, 2013, Joseph invested $15,000 in a fund that was growing at 6% compounded…

A: 2) Formula for compound interest: A=P1+rnnt where A= Matured value P= Initial value r= rate of…

Q: What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?

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Q: Derive the formula of the compound interest for the montly investment plan

A: The annual compound interest is given by  Compound Interest (C.I)=P*(1+R%)t .........(1)  Where P is…

Q: At the beginning of each period for 10 years, Merl Agnes invests $450 semiannually at 4%. What is…

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Q: At what simple interest rate (in 4 decimals) will you have an interest of PhP 756 and a maturity…

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Q: On June 7th, 2013, Joseph invested $16,000 in a fund that was growing at 7% compounded quarterly. a.…

A: Maturity amount=P(1+R/100)n                              p= principle amount…

Q: 1. A bank pays an annual interest rate of 3% compounded quarterty. If the initial deposit (or…

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Q: Calculate the future value of an investment worth $1,800 that pays 1.5% simple interest rate after 5…

A: Given,  Investment amount=$1800 annual rate of interest, r= 1.5%=0.015 time, t= 5 years

Q: Calculate the maturity value of $3,000 placed in a 157-day term deposit paying an interest rate of…

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Q: 3. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10%…

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Q: Identify Future Value 1. Monthly payments of 3,000 for 4 years with interest rate of 3% ompounded…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: Present value of annuity formula PV=PMT1+in-1i where PMT is periodic payment i is periodic interest…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (A $900 per…

A: Given data- PVA = Present value of the annuityA = Monthly payment = $900.i = Interest rate in…

Q: A $120,000 mortgage was amortized over 15 years by monthly repayments. The interest rate on the…

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Q: 1. At 10% interest rate, how much should you invest today to be able to withdraw Php10,000.00…

A: Given Future value=10000 Yearly invest rate (r) =10%=0.10 Total number of years (n) =10

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: 8. What is the annual interest rate earned by a 33-day T-bill with a maturity value of P1,000 that…

A: Solution..

Q: Use MV= P(1+RT) to find the maturity value ( in $) of the loan. Principal: $17,660 Rate( %) :…

A: In this question we have to find the Maturity value.

Q: The formula ______ is used to get the maturity value in a compound interest environment.

A: The amount received on due date or after maturity of security holding by the investor after a period…

Q: What is the necessary amount of monthly payments to an account paying 1.9% compounded monthly in…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.