Q: A company borrowed P25,601 from Feb. 24, 2019 to May 28, 2023 with 0.12 simple interest. Find the…
A: Loan amount P=25,601 Rate of interest r=0.12 Date of borrowing is Feb 24, 2019 and date of repay the…
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: The payback period analysis fails to recognize the difference between the present and future value…
A: The money was anything which is being accepted by the society and has the characteristics such as…
Q: Question 7 A promissory note to Bobby for $6000 at 7% annual simple interest from May 5 to…
A: According to the question, Face Value = $6000 Bank Discount Rate = 7% = 0.07 Time Period = 123 days…
Q: Which interest rate should be deposited in order to be $ 20000 in 12 years as 5000 TL. Show your…
A: Given Information Principal(A) = 5,000Time(t) = 12 yearsFinal Amount(A) = 20,000 Interest rate(r) =…
Q: 2. Karen loaned P10,000 from a firm with a simple interest of 20%. The interest was deducted right…
A: Interest = Loan x Rate of interest Given-> Loan = P10100 Interest rate - 20%.
Q: Describe what is the Compound-Amount Factor?
A: The money is anything which is accepted by the society as a medium of exchange and has the main…
Q: How long in years will money double its amount if invested at 10% simple interest?
A: Given interest r= 10%
Q: Interest can be computed more frequently than one time a year Select one: O True O False
A: Interest is the price of money that is borrowed.
Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…
A:
Q: Annuity (A/P, 9%,2) = 0.10 (A/F, 6%,15) = 0.06 (P/A, 4.5%,10) = Blank 3 (F/A, 2%,45) = Blank 4…
A: Introduction 1. (A/P, 9%, 2) = I = P. r. t I/P = 0.09 × 2/12 I/P = 0.015 Now A/P = 0.015 + 0.09 A/P…
Q: How long will it take for a money to quadruple itself if invested at 12% simple interest rate.
A: The future value in the case of simple interest is calculated by the following formula. A = P ( 1 +…
Q: How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 5…
A: Future value tells us how much will be the worth of the amount deposited/invested today says after n…
Q: Find FV: You have $2,000 in a savings account that earns 1.5% interest per year. What will be the…
A: Future value is the value of an asset present at a future date based on an expected growth rate…
Q: Fill in the missing interest factor: (A/G, i%, N)(P/A, i%, N) = (———).
A: The present worth of uniform series is given by the formula (P/A, i%, N). On the other hand, the…
Q: This explains the change in the amount of money over time for funds that are owned or owed. a.…
A: Amount of money gets changed by many factors involved. These can be interest rate , inflation etc .…
Q: What is the compound amount factor (CAF) if I is the interest rate per year, m is a number of…
A: Interest rate = INumber of periods per years = mNumber of periods = n
Q: 1. How much would be in your account in 10 years after depositing $2000 now? The annual interest…
A: All the Answers are given below.
Q: A person deposits 2500$ today in the bank and he wants to get double of this amount, if the interest…
A: Simple interest formula : Interest = [Principal * Rate of interest * Number of years] / 100
Q: If marry put $100,000 into an account that pays 4.5% annual interest, and she plan to withdraw…
A: here we calculate the time when account of Marry will empty by calculating the future value so the…
Q: borrowed $25,000 with an add-on rate, 6% for three years, and I have to make veekly payments. Jsing…
A: 8832 would be for 1 year If for one week $184 184*48=8832 For 3 years 8832*3=26496 $26496 is…
Q: A bank loaned out $25,500, part of it at the rate of 12% annual interest, and the rest at 5% annual…
A: Given: Total amount of loan is = $25,500 The annual rate of interest is = 12% Rest is at = 5% Total…
Q: If you deposit 500 pesos at the end of each year for 3 years into an annuity that pays 5% annual…
A: An annuity is a one-time payment that will be made to you every year for the rest of your life.…
Q: 2. is/are repaid in monthly payments. O Bankruptcy Credit O Installment loans IOU's
A: An installment loan is normally a one-time loan that provides amount in a lump sum. Lender…
Q: How can we calculate the effective interest rate, altering the period value?altering the period…
A: The effective interest rate refers to the rate of interest that is paid on an investment or loan or…
Q: Define the term Interest?
A: Interest refers to the amount of money that an individual gets paid for investing or lending money…
Q: Explain what is the Time Value of Money?
A: Time value of money is the concept that shows the difference between the amount of money in present…
Q: Liam borrowed money from a bank worth P15,000.00 on January 11, 2020. They agreed on a simple…
A: Given: The principal amount is = P15,000 The time period is from = January 11, 2020, to March 10,…
Q: Find the interest on the loan if Tim borrows $10,000 for years at a simple interest of 10%.
A: The investors as well as consumers borrow or take loans funds from banks for investment or for…
Q: Please show work
A: The Future value of lottery amount is $500,000 in 35 years.Interest rate is 5%.
Q: Enrico Suarez has decided to purchase a house instead of renting an apartment. He can a ord a…
A: The mortgage is an agreement between a lender and the party taking loan.
Q: You invest $5,850 a year for 10 years. Use i from above. i=10% a. How much will you have after 10…
A: Hi! thanks for the questions but as per the guidelines, we can answer only 3 sub-parts at one time.…
Q: Numeric answer The central bank is selling $100 worth of bonds payable in one year. The price it…
A: PV=FV1+rt where PV= Present Value FV= Future Value r=interest rate t= time period
Q: If the interest rate is 7.0%, what is the present value of a perpetuity paying $210 per year? (A…
A: Present Value of perpetuity-Perpetuity is used in accounting and finance, represents a business or…
Q: If you have 20 notes of prize bond, each hast the worth Rs. 1500. Can we term these prize bond as…
A: If I have 20 notes of prize bond, each hast the worth Rs. 1500. Then YES, these prize bond can be…
Q: What is meant by the present value of money? Choose the correct answer below. O A. The amount…
A: FV = PV1+inor PV = FV1+in where PV = present value FV = future value i =…
Q: Mr. Mallari borrowed P200, 000. The terms of the loan are 10% interest for 10 years with uniform…
A: Borrowed = 200,000 interest rate = 10% time Period = 10 year
Q: What is equal-payment-series present-worth factor?
A: Answer - Equal Payment - Series worth factor - This help investor to calculate how much money need…
Q: If 100,000 is deposited in the bank annually with a 12% per year interest rate. how long will the…
A: There is an annual deposit of 100,000 in a bank with a 12% interest rate per annum. Periodic…
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: You borrowed an amount of $15,000 and paid it $20,223 in 3 years. If the interest rate was…
A: A = P(1+r12)nt P is principal amountA is future amout to be paidr is interst rate n is compounding…
Q: The is an initial payment toward the purchase of the item financed.
A: Credit purchase refers to a type of purchase in which the buyer does not make a payment through cash…
Q: Josie wants to be able to celebrate her graduation from CSULA in 55 years. She found an annuity that…
A: First let us understand the major points in the question briefly: Investment= P500,000 for Auto…
Q: a
A: An income annuity allows for conversion of part of retirement funds into a stream of guaranteed…
Q: b. How much can Tara withdraw at the end of each month for four years?
A: Deposit each month = 490 $ Time = 7 years Interest rate = 4.5 % compounded monthly Monthly rate =…
Q: borrower pays an additional $200 with each payment, how fast will the mortgage be paid off?
A: A mortgage is an agreement between you and a lender that gives the lender the right to take your…
Q: economics A bank pays a nominal annual interest rate of 15%. The effective annual rate if itis…
A: Effective annual rate refers return on saving and investment when compounding interest apply on them…
Explain the terma future amount of money (F)?
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- how you know what c value to look atFill in the missing interest factor: (A/G, i%, N)(P/A, i%, N) = (———).Please answer the correct answer please ASAP Don't answer by pen paper please Bank A offers interest of 13% per year (nominal interest) and interest payments every quarter. The manager at Bank B also wants to provide the same interest as Bank A's effective annual interest, but the interest is paid every month. What nominal interest should Bank B offer?
- What is equal-payment-series present-worth factor?Question 7 A promissory note to Bobby for $6000 at 7% annual simple interest from May 5 to September 5. i) Find the bank discount using exact time and ordinary interest. ii) Find the proceeds using ordinary interest.I want handwritten only once again handwritten otherwise skip
- Explain what is the Time Value of Money?Need hwlp with number 8 and 12! Thanks!Josie wants to be able to celebrate her graduation from CSULA in 55 years. She found an annuity that is paying 2%. Her goal is to have $4,500.00. Assume the interest rate remains the same while the account is open. Round all answers to the nearest penny. How much should be deposited each week?