Discount Interest Solve the following. Show solutions. Round off answers up to 2 (two) decimal places. Find the amount due at the end of 9 months on a present value of Php24,600 at 12% discount interest. ASAP ONLY ROUND OFF ON FINAL ANSWER. DO NOT ROUND OFF ON SOLVING
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- Use Future Value and Present Value Tables to Apply Compound Interest to Accounting Transactions Kristen Quinn makes equal deposits of $500 semiannually for 4 years. Required: What is the future value at 8%? (Note: Round answers to two decimal places.)Discount InterestSolve the following. Show solutions. Round off answers up to 2 (two) decimal places.Find the discount interest rate if Php15,000 is the present value of Php20,000 which is due at the end of 7 months.ASAPONLY ROUND OFF ON FINAL ANSWER. DO NOT ROUND OFF ON SOLVINGDiscount InterestSolve the following. Show solutions. Round off answers up to 2 (two) decimal places.Find the discount interest on Php35,500 for 130 days at a discount interest rate of 13.78%.ASAPONLY ROUND OFF ON FINAL ANSWER. DO NOT ROUND OFF ON SOLVING
- Your company will generate $64,000 in annual revenue each year for the next seven years from a new information database. If the appropriate discount rate is 7.25 percent, what is the present value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)For numbers 1 to 3, calculate the simple interest earned. Round to the nearest centavo.1. P = Php 2,500.00, r = 6%, t = 1 year2. P = Php 9,000.00, r = 5.6%, t = 6 months3. P = Php 22,000.00, r = 7.2 %, t = 120 days4. The simple interest charged on a 60 – day loan of Php 8,400.00 is Php 119. Find the simple interest rate.5. If Php 12,000.00 is deposited for 5 years in an account that earns 9%, calculate the simple interest earnedCompute the present value of $1,000 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
- Find the amount due at the end of 8 months whose present value Php 80,000. a) when the discount is 9%; b) when the interest rate is 12%Use an amortization table to solve the problem. Round to the nearest cent. A 7000 debt is to be amortized in 15 equal payments of 504.87 at 1% interest per month on the unpaid balance. What is the unpaid balance after the second payment? Show your table belove include columns for each of the following Loan Balance Payment Interest amount amount principle decrease new balanceWhat is the present value of a $1,500 payment made in nine years when the discount rate is 8 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
- You plan on withdrawing monthly payments for the next ten years and have deposited $100,000 inan account. If the rate of return is 8% compounded monthly, determine the value of the monthlywithdrawals.Possible answers: A) $1,613.28 B) $1,413.28 C) $1,213.28 D) $2,013.28 E) $1,813.28You invest $5,000 into a money market account that pays interest monthly (e.g., interest is compounded monthly). After three-year the value of the account is $6,800. What is the annual and monthly interest rate? please use excel and show what step by step how you did it. Also, use formula ? = n ∙ ((????)^1/(?∙?)− 1) -1 is not squared See highlited formulaFind the present value of Php 20,000 due at the end of 6 months if the discount rate is 5%. What is the discount?