Given Problem: A woman has deposited Php 60,000 in a savings account. Bank pays an interest at a rate of 9% per year. Compute the future value and the amount of interest earned over 12-year period: (a) if interest is simple? (b) if interest is compounded annually? (c) Simple Annuity

Q: Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly…

A: According to the given information, if a monthly payment P is deposited for 16 years with a return…

Q: e future value of an ordinary annuity of $100 paid at the end of each quarter for 2 years, if…

A: FV=C(1+r)n-1r×(1+r)C=$100  r= 6% = 0.06  n=2 years  compounded quarterly r=0.064  n=2×4=8

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

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Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2028 if…

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Q: In a certain account providing an interest rate of r compounded quarterly, 2500 is deposited every…

A: Given There are 2 cash flows "2500" with each occurring at the end of the quarter. The FV is given…

Q: P7,500.00 earning 9% interest, compounded daily for 3 years

A: Given: P=7500 r=9%=0.09 Compounded daily, n=365 t=3 years

Q: Acme Annuities recently offered an annuity that pays 7.2% compounded monthly. What equal monthly…

A: Formula :-

Q: A loan of ₱72,000 after 3 years will amount of ₱128,600 compounded monthly. What interest rate is…

A: A loan of $72,000 after 3 years will amount of $1,28,600 compounded monthly.

Q: A man receives 125,000.00 credit for his old car when buying a new model costing 375,000.00. What…

A: Given information Buying price=$375,000 Old car exchange value=$125,000 Interest rate r=6% Since,…

Q: 3. Find the future value if 1000 dollars is invested at interest rate 3% compounded semi-annually…

A: Given that $1000 is invested for a 3% compound interest semi-annually for 2 years.

Q: The difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

A: Given the difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

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: Suppose you borrow $7,500 from a bank that charges 4% interest compounded monthly. How much will you…

A: From the given information, it is observed that the Principal is P = $7500, the rate of interest is…

Q: A debt of RM8,000 will mature in four years'time. Find: (a) the present value of this debt (b) the…

A: Given that a debt of RM8,000 will mature in four years' time.

Q: 2. A car is being sold for P15,000 per month for 10 years at a monthly interest rate of 10%. Find…

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Q: How much interest will you owe if you borrow $1200 for 2 years at a simple interest rate of 10%…

A: Equation to be used:A = P(1 + rt) ;        P = Principal Amount = 1200  t = time in years = 2 years…

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

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Q: How much should be deposited in an account paying 6% interest compounded monthly in order to have a…

A: For compound interest, we use this formula: A=P1+rnnt A is the final amount of money P is the…

Q: A loan of P72, 000 after 3 years will amount to P128, 600 compounded monthly. What interest rate is…

A:

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: What is the interest rate compounded quarterly if 2,500,000 pesos is invested and the amount became…

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Q: Find the interest rate required for a principal of 15000 OMR to produce a future value 40000 OMR in…

A: The formula for compound interest is given by A=P1+rnnt, where A is amount, P is principle, r is…

Q: You want to be able to withdraw $3,800.00 from your account each month for 15 years after you…

A: Please check step 2 for the solution.

Q: If you deposit $100 in a bank account that yields an annual percentage rate (APR) of 6%, what will…

A: From the given information, the deposit amount is $ 100.Percentage rate is 6% or 0.06.

Q: The bank is offering a special rate of 4.5% to anyone willing to invest $10,000 for 5 years,…

A: Here, principal (P)=$10,000               Time (t)=5 years rate of interest (r)=4.5%=4.5100=0.045…

Q: How much interest will you owe if you borrow $2700 for 3 years at a simple interest rate of 7%…

A: Given that  principal amount=P=$2700Time =T=3yearsrate of interest=R=7%find interest

Q: 1. If P5,000 is invested in a time-deposit for 2 years in a bank that offers 4% annual interest…

A: Given that principle amount P= 5000 Rate of interest r = 4 Time n= 2 Compounded quarterly Amount A =…

Q: What is the future value if $8300 is invested for 5 years at 10% compounded semiannually?

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Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

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Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

A: Note: Hey there! Thank you for the question. As you have posted multiple questions, we have helped…

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

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Q: 1) Pranav invests $2,310 in a savings account with a fixed annual interest rate of 7% compounded 12…

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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: A 55-year-old man deposits $50,000 to fund an annuity with an insurance company. The money will be…

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Q: At age 25, you start work for a company that deposits $10,000 into a retirement account that pays a…

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Q: In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per…

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Q: If $2000 is invested at 4% interest compounded quarterly, what is the future value in 7 years ?

A: Initial amount =P= 2000 Time = t = 7 years Interest rate = 4% =0.04 Number of times compounded in a…

Q: Question 1 Aldin invests 20% of his 140,000 php monthly salary at the end of each month in a fund…

A: Monthly salary is:  140,000  php Now Adin invest 20% of this amount. Therefore: a=1400005a=28000

Q: In a certain account providing an interest rate of r compounded quarterly, P2,500 is deposited every…

A: P= 2500 Amount after interest =5200 interest rate of r compounded quarterly n=4/yr

Q: What is the future value if $7,000.00 is invested for 3 years at 8% compounded every 2 months?

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Q: 2. ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2133 if…

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Q: Find

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Q: What are the future value and interest earned if $3000 is invested for 5 years at 8% compound…

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