Find the interest rate for each deposit and compound amount. 6) $8000 accumulating to $12,384.48, compounded quarterly for 8 years.

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Given information Future amount A=$43,000 Interest rate r=9% ⇒r=9100=0.09 And time t=3 months that…

Q: Find the future value of an ordinary annuity of $600 paid at the end of each year for 7 years, if…

A: To find the future value

Q: College Tuition A couple wants to establish afund that will provide $3000 for tuition at theend of…

A: From given R=3000,i=0.04,n=8

Q: Find the payment made by the ordinary annuity with the given present value. $231,156; quarterly…

A:

Q: A college plans to set up an endowment fund that will provide a scholarship of $4,000 at the end of…

A: Given that the scholarship a college provides at the end of every quarter year in perpetuity is…

Q: Find the present value P and amount F of the ordinary annuity  1. Quarterly payments of 2000 pesos…

A: Quarterly payments of 2000 pesos for 5 years with an interest rate of 8% compounded quarterly. We…

Q: Find the present value of the given future amount. $83,000 for 20 months at 6% simple interest What…

A: Given: Future amount(F)=$83,000Time(t)=20 months=2012yearsrate of interest=6%=6100=0.06 The future…

Q: Mrs Angngad acquired a loan of P50000 from a credit union that charges interest of 16% compounded…

A: From the given information we find the quarterly payment.

Q: Find the future value of an ordinary annuity of $70 paid at the end of each quarter for 6 years, if…

A:

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: Find the amount necessary to fund the given withdrawals. Quarterly withdrawals of $650 for 3 years;…

A:

Q: Find the present value of the given future amount. $48,000 for 19 months at 9% simple interest What…

A:

Q: Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the…

A:

Q: Ferryland Inc. is leased in perpetuity at $ 11250 due at the beginning of each month. If the money…

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

Q: Mrs. Tan borrowed some money from a bank that offers an interest rate of 9.7% compounded monthly.…

A: Using Excel =FV(9.7%/12,15,8432.25,-PV(9.7%/12,12*5,-8432.25)) =317036.5388 Hence option D is the…

Q: Mr. Eugenio bought a house and lot at a cash value of 12,000,000.00 php. He made a down payment of…

A: Solution: 12,000,000 -2,000,000 = 10,000,000 Loan Amount 10000000 Number of years 20 Interest…

Q: 1. Estimate the monthly payments of a loan for a 2016 Ford Mustang GT. The amount borrowed is…

A: Given: The amount borrowed is $33,000 at a 4.5% yearly interest compounded monthly 72 months.

Q: Find the present value of the given future amount. $96,000 for 15 months at 6% simple interest What…

A:

Q: Determine the accumulated balance: $5000 invested in a bond that earns interest at an APR of 3.9 %…

A:

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

Q: A man is disabled in an accident and wants to receive an insurance payment that will provide him…

A: In this question, we will find the seek payment.

Q: A family purchased a new home for $150,000. They made a down payment of 12% of the purchase price…

A: Given that the total purchasing price for a new home is $150000. The down payment made is 12% of the…

Q: Determine the approximate size of an annual payment needed to retire P60,000,000 in bonds issued by…

A: We have to Determine the approximate size of an annual payment needed to retire P60,000,000 in bonds…

Q: Find the interest rate for each deposit and compound amount.  $8000 accumulating to $11,672.12,…

A:

Q: Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the…

A: find explanation below

Q: Find the ending balance: $1,500 for 22 years at 9% annual compound interest

A: Compound interest is calculate as: A = P(1+r)t A = final amountP = principal amountr = interest…

Q: Find the amount of ordinary annuity based on the information given. R = $12,000, 7% interest…

A:

Q: A loan company offers money at 1.5% per month compounded monthly. What is the nominal interest rate?…

A: According to question given that Loan company offer 1.5% per month compounded monthlyNominal…

Q: Find the amount necessary to fund the given withdrawals. Quarterly withdrawals of $650 for 6 years;…

A: To find the first payment $650(due in first quarter of the year), the present value of $650 at 4.5%…

Q: How much is the amount of an ordinary annuity of which yearly payment of php25,000.00 for 20 years…

A:

Q: $350 is deposited at the end of each month for compounded monthly. What is the amount of the…

A: Introduction: The word "percentage" was derived from the Latin word "per centum," which means "by…

Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

A:

Q: You make a payment of $300 at the beginning of each month into an account that 3.6%annual interest.…

A:

Q: Karen Gaines invested ​$15,000 in a money market account with an interest rate of 3.753.75​%…

A: According to the given information,

Q: c. If you plan to put your graduation money into an account and leave it for 20 years while you go…

A: GivenIf you plan to put your graduation money into an account and leave it for 20 years while you go…

Q: 1. Enrique takes out a student loan to pay for his college tuition this year. Find the interest on…

A:

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: Find the present value of the given future amount $81,000 for 5 months at 6% simple interest What is…

A: Use formula of present value

Q: you want to buy a $14,000 car. The company is offering a 5% interest compounded monthly for 60…

A: Write the loan formula and put the all given information and simply solve for the monthly payment.

Q: How much interest will this account earn, if compound interest is calculated yearly? Principal =…

A:

Q: Find the accumulated amount at the end of 8 months on a $2100 bank deposit paying simple interest at…

A: The solution for the above question is shown below.

Q: An auto repair shop borrowed $12,000 to be repaid by quarterly payments over 4 years. Interest on…

A: given that, P0=12000r=8100=0.08k=4n=4 a. Let R be the periodic payment.…

Q: To offer scholarships to children of employees, a company invests $10,000 at the end of every three…

A: (a) It is given that, P = $10,000, r = 0.09, n = 4 and t = 10. Substitute P = $10,000, r = 0.09, n =…

Q: ats to start saving for a down payment on ccount that pays 3% annual interest, com n Carli's account…

A: Introduction: The formula of a loan of monthly payment A is given by, A=Pr12r12+1nr12+1n-1

Q: Karen Gaines invested ​$10,000 in a money market account with an interest rate of 1.75​%…

A: Given data Principal amount (p) = $10,000 Rate of interest (r) = 1.75%…

Q: Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of $900 for 7 years;…

A:

Q: Calculate the total deposit and amount of each annuity. Which earns more? Annuity 1: $700 deposited…

A: see atttachments

Q: find the compound amount for the deposit and amount of interest earned. 8800 at 3% compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  P=8800 r=3%=0.03 t=9 years…

Q: You purchase an RV by making a down payment of $10,200. The terms of your finance agreement have an…

A: