Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five years. However, the payment will start three years after from today. If the payment is 7% compounded monthly. How much is the value of the money today?

Q: If you deposit 9000$ into an account paying 5.5% annual interest compounded semiannually, how much…

A: As we know that the expression for the compound interest is:   A=P1+rnnt   Where P is the principal…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

A: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

Q: By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it…

A: The compound interest is given by:

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: Suppose Ms. Levi would like to save Php 500,000.00 every month in a fund that gives 10% compound…

A:

Q: Determine the amount of money accumulated after 5 years if $2, 000 is invested in an account that…

A:

Q: To buy a house in Auckland, Mr Lim took a loan of $500 000 from a bank which chargers compound…

A: Loan Amount  = P0 = $500,000 Interest Rate , r  = 0.013 Loan term = n = 10 years The CI is…

Q: Sarah deposited $6,800 in an account paying 2.5% per annum compounded semi-annually. How much will…

A:

Q: At the time of her grandson's birth, a grandmother deposits $13,000 in an account that pays 3.5%…

A: Grandmother deposits $13,000. Interest rate is, 3.5%. Number of years is 21.

Q: A bank offers a 12% interest to be compounded annually. How much should a teacher deposit now if he…

A: A bank offers a 12% interest to be compounded annually. The teacher wants to receive Php. 15000 at…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $467 per month…

A:

Q: Neena wants to accumulate 18000 in a fund earning 3.6% compounded semi-annually how m much must she…

A: Consider the provided question,

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $544 per month…

A: Given: p = 544 R = 3 %  n = 12 t = 7

Q: At the time of her grandson's birth, a grandmother deposits $2000 in an account that pays 8.5%…

A: the principal value = $2000 time period is 21 years which when converted into months is…

Q: A P2000 loan was originally made at 8% simple interest for 6years. At the end of this period the…

A: Given that:                  Principal amount, P=P2000Simple interest rate, r=8%Time period, t=6…

Q: if the interest 1,280 has not been paid each year but had been allowed to compound, how much…

A:

Q: No payments were made on a $2,598 loan during its three-year term. What was the annually compounded…

A:

Q: A contractor bought a concrete mixer at P 140,000 if paid in cash. The mixer may also be purchased…

A: Given : Principal = 140000 Time = 5 years Rate per annum = 8%

Q: An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A:

Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

A:

Q: The Pirerras are planning to go to Europe in 3 years, and have agreed to set aside $150 per month…

A:

Q: If $500 is deposited in an account paying 8.4% annual interest, compounded semiannually, how long…

A:

Q: The Pierras are planning to go to Europe 3 years from now and have agreed to set aside $180/month…

A: Given  The periodic payment $180 per month Periodic interest rate is 2%/year periods per year is 12…

Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

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

Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $361 per month…

A: The future value formula isFV=PMT(1+i)n-1iwhere FV = Future value PMT = Periodic paymenti = rate of…

Q: What lump sum do parents need to deposit in an account earning 8% interest compounded quarterly in…

A:

Q: .A man borrows Rs 8160 from a finance company and has to return it in two equal annual instalments.…

A: Installment = [P x R x (1+R)N]/[(1+R)N-1] where P stands for the loan amount or principal, R is the…

Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…

A:

Q: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: Bianca wants to have Php 60,000 in the future. If she decides to deposi 1000 at the end of every…

A: This is the problem of series and financial math.

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $421 per month…

A: Given information Amount deposited per month R=$421 Rate of interest r=3% compounded monthly…

Q: If $5,700 is loaned for 16 months at a 12% annual rate, how much interest is earned?

A:

Q: What is the cash value of a three-year lease of office facilities renting for $1536.50 payable at…

A: givenP=$1536.50R=9%5n=3 yearsusing monthly compound inerest forrmulaA=P(1+R12x100)12n

Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

A:

Q: If I would like to have $250,000 in my savings account after making contributioms for 30 years, what…

A:

Q: 2. Will wants to set up an account to be used for travel when he retires in 30 years. He is able to…

A: According to the company policy, we can answer only first question

Q: A payment of $550 is due in 2 years, and $4,900 is due in 4 years. What single payment made today…

A: topic - compound interest

Q: the

A:

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: Determine the amount of money accumulated after 15 years if $1, 000 is invested in an account that…

A:

Q: If a bank pays 16% compounded quarterly, how much should be deposited now to have $1200 in 6 years…

A:

Q: y payments of ₱3,500.00 for school expenses, if the first payment is to be made on his 16th…

A: Let the amount set aside on a boy's seventh birthday be x. The amount at 16th birthday at a 10%…

Q: What lump sum should be deposited in an account that will earn 8% compounded every 2 months, to grow…

A: Rate of interest, r = 8% = 0.08   Compounded every two month,   :. Number of compounding intervals…

Q: A man borrows Rs 8160 from a finance company and has to return it in two equal annual instalments.…

A: sum borrowed = Rs  8160  the loan is to be paid back in 2 equal annual instalments  let each annual…