How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly? ______ ______

Q: .  A population of 30 flies is expected to triple every 2 weeks. When will the population of flies…

A: Since you have posted a multiple question according to guildlines I will solve first(Q3)question for…

Q: Eugene invests a sum of money in a savings account with a fixed annual interest rate of 6.13%…

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Q: Barry made a deposit of 10,000 at time 0 to Fund A, which accumulates at a nominal rate of interest…

A: Given: Barry made a deposit of 10000 at time 0 to Fund A, which accumulates at a nominal rate of…

Q: 5. Betty invests $5700 at 4.25 % annual interest compounded semi- annually for 3 years, and $6000 at…

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Q: A 4% coupon rate bond has a face value of $5000, pays interest semiannually, and will mature in 10…

A: According to the given information, Face value = $5000Annual coupon rate = 4% Semi-annual coupon…

Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…

A: According to the question: Given   that,Rater=18  %=18100=0.18Compounded  monthly⇒n=12A=50000Time…

Q: A $5000 Mauranol, Inc., corporate bond matures in 10 years and has a coupon rate of 7.2% paid…

A: Hi, thank you for the question. Since you have posted a question with multiple sub parts as per our…

Q: You are the finance manager for Olympia Industries. The company plans to purchase $1,000,000 in new…

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Q: How long will it take for payments of $350 to accumulate to $12,000 at 3% compounded monthly if made…

A: a Given information Future value FV=$12,000 Periodic Payment PMT=$350 APR=3% compounded monthly…

Q: Lashonda needs  $4500  for a future project. She can invest  $2500  now at an annual rate of  8%…

A: Lashonda needs $4500 for a future project. Hence amount  = A = $4500. She can invest $ 2500. Hence…

Q: The trustees of a college have accepted a gift of $150,000, but are required to deposit it in an…

A: Given that PV of gift =150000Rate semiannually =10%/2 =5%=0.05Number of Periods =2*8 =16 and…

Q: Josiah invested $7,800 in an account paying an interest rate of 8 7/8% compounded continuously.…

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Q: Eugene began to save for his retirement at age 32, and for 10 years he put $ 275 per month into an…

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Q: How long (in years) will it take to triple your money if it is invested in a certificate of deposit…

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Q: Rose has saved $160,000. If she decides to withdraw $2500 at the beginning of each month knowing the…

A: From the given, Amount (A) = $160,000 Principle amount (P) = $2500 Rate = 5% per annum Then R =0.052…

Q: How much should you invest each month in order to have $800,000 if your rate of return is 4.4%…

A: Assume the principal amount as x.

Q: An investment company pays 9​%compounded semiannually. You want to have $22,000 in the future. ​(A)…

A: Future Amount, A = $22000 Rate of interest, r = 9% = 0.09 The number of times the interest is…

Q: How much would you have to deposit at the end of the year in an account that pays an interest rate…

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Q: You obtain a car loan of $28,500 for 5 years at 4.9% interest compounded monthly. A)You decide to…

A: A)The loan amount on car loan is $28,500 at the interest of 4.9% for 5 years.In order to find the…

Q: An initial deposit of $5,000 is made into a savings account that compounds 7.1% interest annually.…

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Q: 6. A principal of $1600 is invested at 8.25% interest, compounded annually. How much will the…

A: Given question is A principal of $1600 is invested at 8.25% interest, compounded annually. How much…

Q: Suppose that you have opened a saving account with an initial deposit of $10,000. The account offers…

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Q: Joshua invested $99,000 in an account paying an interest rate of 4 1/2% compounded continuously.…

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Q: 51. If you need $30,000 in your bank account in 7 years, to the nearest dollar, how much must you…

A: Let P be the principal amount.Given,

Q: Five years ago, a trust fund amounting to P500,000.00 was invested at 15% compounded semi-annually.…

A: as per our company guideline we are supposed to answer only one qs kindly post remaining qs in next…

Q: How long will it take P8000 to earn P800 interest if invested at 8% ?

A: Note : As per our guidelines we are supposed to answer only one question.  Since you have asked…

Q: The desired accumulated amount is $60,000after 11 years invested in an account with 2.3% interest…

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Q: Jackson deposited $5,000 at 3.6% interest rate, compounded continuously when he was 18 years old.…

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Q: 4. In how many years is required for P4,000 to increase by P9,000 if interest is at 11% compounded…

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Q: A young man executive is going to purchase a vacation property for investment purposes. She needs to…

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Q: Five years ago, Farez invested RM17000 into his account at k% compounded quarterly. Now the account…

A: This problem can be solved using the formula of compound interest.

Q: Suppose that Patty's husband delays starting an IRA for the first 10 years he works but then makes…

A: Solution

Q: How much monthly deposit into a sinking fund at 8.5% compounded monthly will be needed to accumulate…

A: Please check step 2 for solution.

Q: Lauren plans to deposit $7000 into a bank account at the beginning of next month and $400/month into…

A: Given: Principal = $7000 Time = 4years Interest = 5% per year that is compounded monthly. Formula…

Q: 1) How much should you invest at 6% annual interest rate to obtain a simple interest of P72,000 in 3…

A: 1. the rate of interest is 6% the simple interest is P72000. time is T is 3 years  apply the formula…

Q: 1) Janet borrows $4,000 on October 20, 2020. If the simple interest rate is 12%, then how much needs…

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Q: How much should you invest each month in order to have $300,000 if your rate of return is 5.5%…

A: Given Data: Future Value =$300,000 Rate of interest =5.5%=0.055 Time t=40 years n=12 Formula: future…

Q: 9. FINANCING COLLEGE EXPENSES Mrs. Lorez wants all of her grandchildren to go to college and decides…

A: Given,  Amount after 18 years = A = $ 10,000  Time period = t = 18 years  Interest rate = r = 6 %…

Q: want to be able to withdraw $40,000 each year for 20 years. My account earns 4% interest compounded…

A: To determine the amount that needed to invest in the beginning in order to withdraw $40,000 each…

Q: If you were to invest $200 at 4% interest compounded annually or each year, what would be your…

A: We shall use formula for compund interest. P= initial amount A = total amount after t years…

Q: You deposit $2000 in an account that pays 8% interest compounded semiannually. after 5 years , the…

A: Given query is the find the value of 2000 investment after 10 years.

Q: Yohan sold his car and invested P300,000 at 8.5% compounded quarterly. Find the maturity value if he…

A: Given: Investment amount P=300,000 Quarterly Interest Rate =8.5 % To find: Maturity value for 3…

Q: fund

A: Given that: The initial amount is $1,000 simple interest rate is 5% and it take for it to grow to…

Q: On January  1,  2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60 interest. If the…

A: Given that, On January 1, 2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60…

Q: An investment company pays 7% compounded semiannually. You want to have $8,000 in the future.

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Q: P30,000 is invested for a period of 3 years at a rate of 6%, compounded 2 times per year. What will…

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Q: An ordinary annuity pays 6.72​% compounded monthly.   ​(A) A person deposits ​$200 monthly for 30…

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Q: You are considering taking out a loan of $12,000.00 that will be paid back over 8 years with monthly…

A: Given that    Loan value = $ 12000   PMT = periodic payment = $163.60   r = rate of interest= 7% =…

Q: At what interest rate will P120,000 earn P37,800 interest after 3 % years? Discount P9,000 for 9…

A: We need to find interest rate for P120,000 amounting to P37,800 interest after 3.5 years Need to…