Q: Q#1: Calculate (i) the interest rate for the given situations? 1. 8% Monthly 2. 6.4% Quarterly 3. 7%…
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 but third…
Q: If you let your friend borrow Php 50,000 for an interest rate of 5% compounded continuously, when…
A: Given: Amount borrowed=Phop 50000 Interest rate=5% compounded continuously Accumulated amount=Php 1…
Q: .If the rate of interest is 8% compounded quarterly, find the nominal rate of interest.
A: Answer is given below
Q: 3. How much money must be invested in a retirement plan each month to accumulate $500,000 in 20…
A: Answer: Given, Future value FV=$500,000n=20 yearsn1=20×12=240 monthsr=6%r1 interest rate compounded…
Q: If the effective interest rate is 24%, what nominal rate of interest is charged for a continuously…
A: An effective interest rate is defined as the real rate of return on interest-paying investment when…
Q: A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth.…
A: It is given in the question that, Principal amount(P)=5,86,702. Interest rate(i)=1.7% or 0.017…
Q: A bank is advertising 9% accounts that yield 9.344% annually. How often is the interest compounded?…
A: Solving with explanation
Q: Assuming an interest rate of 10% compounded annually, answer the following questions:(a) How much…
A: a.) The number of loans from now can be calculated as follows: Thus, the present worth of an…
Q: 2. How many years are required for your money to triple if it is invested at 9% compounded? a.…
A: Formula for compound interest F=P1+innt Where F is the future amount after time t, n is the…
Q: 7. Consider a cash flow series of 40 payments. The first 20 payments are $1,000 per year and the…
A: In the question above, it is given that : A cash flow series of 40 payments The first 20 payments…
Q: 3. If you deposit $1000 in an account that pays 5% interest, compounded annually, how much will you…
A: Given information: Deposit amount = $1000 Interest rate = 5% Half yearly interest rate = 5%/2 = 2.5%
Q: Albert Einstein once noted that, "Compounding of interest is one of humanity's greatest inventions".…
A: Formula for quarterly compound interest is as follows, F = P * [ { (1 + r/4)n*4 – 1 } / r/4 ]
Q: How much money must initially be deposited in a savings account paying 5% per year, compounded…
A: Answer: Given that: How much money must initially be deposited in a savings account paying 5% per…
Q: The sum of $ 26,000 was deposited in a fund earning interest at 8% per annum compounded quarterly.…
A: Interest is the amount paid in excess of the principal amount by the borrower to the lender. The two…
Q: 2. What is the future worth of #10,000 invested every month for five years at 8% interest rate…
A:
Q: Suppose you take out a $20,000 fixed payment loan to purchase a car. The loan is to be repaid in…
A: The installment payments can be considered as annuities. Annuities are payments made at equal…
Q: 5 You are considering investing $4,000 at an interest rate of 5% compounded annually for five years,…
A: Answer: Option A: 4000 deposit for 5 years at 5% compounded annully D=4000 N=5 r=5% So total amount…
Q: An accountant is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…
A: The payments that are made at equal intervals of times can be considered as annuites. There are…
Q: 4. At what rate of simple interest will the sum of money double itself in 6 years.
A: Simple interest is determined by multiplying the day to day interest rate by the principal, by the…
Q: Compute the interest for an amount of P200,000 for a period of 8 years if was made at 16% compounded…
A: Since you have posted 3 different question but as per answering guidelines, we are supposed to solve…
Q: What is the balance in an account at the end of 10 years if $25,000 is deposited today and the…
A: Compound interest is computed on both the principal and the interest earned over a period of time.…
Q: 17. What is the effective annual interest rate if the nominal interest rate is 6%, compounded…
A: Formula used - Effective annual interest rate = (1 + (nominal rate / number of compounding periods))…
Q: 9. Let's suppose there is a cash flow with equal payments (receipts) worth 'C' from year 0 to 5 (6…
A: Given the information: Interest rate, r = 10% Number of payments, n = 6 Annual amount = C
Q: Liz plans to deposit $10,000 in the bank now and another $5,000 two years from now. If she plans to…
A: Deposit = 10,000 deposit after 2 years = 5,000 withdraw after 5 years = 8,000 interest rate = 10%
Q: . What is the current value of a $50 payment to be made at the beginning of each year, for three…
A: In economics, present value refers to the current value of a future stream of cash flow. The future…
Q: If you had BD 4,500 now and invested at 13% interest compounded annually, how much would it be worth…
A: Investment Amount = 4500 r = 13% n = 8
Q: 1.What is the accumulated amount of an annuity paying P30,000 at the end of each year for 7 years…
A: We are authorized to answer one question at a time, since you have not mentioned which question you…
Q: You are given £10,000 as a graduation present and you want to buy a new car in the future. Therefore…
A: Compound interest is calculated by multiplying the initial principal amount by one plus the annual…
Q: Suppose that $1,000 is invested at 7% interest compounded monthly. Use the formula A = (1 +)". (a)…
A: Given: Amount invested=$1000 Interest compounded monthly=7% Formula to be used: A=P(1+r/n)nt
Q: Please show work
A: suppose, the deposit in the account will be $5,000. Additional deposit is $4,000. Interest rate is…
Q: 1. How is the future related to the present value of a single sum? 2. How is the present value of a…
A: Since you have posted multiple questions, we will solve the first answer for you. If you want any…
Q: 3. You just inherited P1,000,000. While you plan to squander some of it away, how much should you…
A:
Q: Which formula is correct for the simple interest calculation? Select one: O a. F = P(1-in) O b. F=…
A: Simple interest considers the overall interest that is earned on a principal amount after a…
Q: A loan of $20,000 is to be repaid in uniform monthly payments over 3 years. If the interest in 9%…
A: Principal value of loan = $2000 interest rate =9% compounded monthly maturity time =3 years Payment…
Q: Suppose that $12,000 is placed in a bankaccount at the end of each quarter over the next 15years.…
A: A. Future value when compounded quarterly=A1+rn-1rInterest rate,…
Q: What payment X 10 years from now is equivalent to a payment of P500,000 7 years from now, if…
A: Given: Payment=P500,000 Number of years=7 Interest rate compounded semi-annually=12% To find:…
Q: Suppose you have the alternative of receiving either $15,000 at the end ofseven years or P dollars…
A: The time period is denoted by n and the interest rate is denoted by i. The value of P can be…
Q: 1) What is the present value of the following series of payments: $500 made at the end of every year…
A: Given an exact rate of come, gift price (PV) is that the current price of a future add of cash or…
Q: Suppose that you invest $1,000 for 1 year at 18% compounded monthly. How much interest would you ear
A: Given information: Investment amount = $1000 Time period = 1 year Interest rate = 18%
Q: Suppose you deposit $1,000 in a bank savings account that pays interest at a rate of 8% per year.…
A: A savings plan usually pays a moderate interest rate, making them a better choice for saving money…
Q: 3.9 For an interest rate of 13% compounded annually, find (a) How much can be lent now if $10,000…
A: Here, it is given that interest rate is 13% that is compounded annually.
Q: Assume that a 24-month CD purchased for $3000 pays an APY of 4.25% (and of course interest is…
A: I have assumed that it is compounded monthly. number of compounding periods: nlength of time: 2 (…
Q: 4) You invest $75,000 into an account and withdraw all funds from the account when it reaches…
A: An effective annual interest rate is the genuine return on a savings account or other…
Q: What is the current value of a P 200.00 annuity be made at the beginning of each year, for 3 years…
A: Since the Annuity is made at the beginning of each year, so the formula for present value is: PV= z…
Q: What interest rate compounded monthly is equivalent to 10% effective rate?
A: Effective rate = 10%
Q: What rate of interest (in %) compounded quarterly will yield an effective interest rate of 4.4%?…
A: Let x% be the rate of interest compounded quarterly Effective interest rate = 4.4% We have to find…
Q: 3. Sarah wants to have $2,000,000 in net worth when he retires. To achieve this goal, she plans to…
A: The time in years is value of N satisfying the equation Future value = Annual deposit x F/A(i%, N),…
Q: How long will it take money to double if it is invested at (A) 11% compounded continuously? (B) 13%…
A: Let P(0) = the amount invested at time 0 P(t) = the total value at time t r = nominal rate of…
Q: se solve in 20 minute Kyle wants to save $15,000 so he can take a trip to Australia when he…
A: Given the future value = $15000 Number of years = 3 years Number of compounding period = 3 years x…
27. How much do eight ₱ 64,055 quarterly payments amount at present, if the interest rate is 2 compounded quarterly?
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- 4. Eleanor makes year-end deposits of 500,000 the first year, 550,000 the second year, 605,000 thethird year, and so on increasing the next year’s deposit by 10% of the deposit in the preceding yearuntil the end of the 10th year. Ronald makes equal year-end deposits of 720,00,000 each year for 10years. A.) Is the gradient of Eleanor’s payments increasing or decreasing?B.) If interest on both funds is 12% compounded annually, who will be able to save more atthe end of 10 years.Pls solve for the ordinary annuity of the following: Joe deposits $22,000 at the end of each year for 7 years, in an account paying 6 % compounded annually, how much will he have on deposit after 7 years? Ans: $184,664.43 Napoleon deposits $1,200 at the end of each quarter for 10 years, in an account paying 8 % compounded quarterly, how much will he have on deposit after 10 years? Ans: $72,482.38 Jose wants to retire in twenty years and for this purpose he is depositing $200 at the end of each month in a sinking fund that pays 7.2% compounded monthly. If he will be doing this for twenty years, then how much money will be there for him when he retires? Ans: $106,752.473. If you deposit $1000 in an account that pays 5% interest, compounded annually, how much will you have at the end of 10 years? 50 years? 100 years? What if this is compounded Semi annually in 10 years? 50 years? 100 years?
- 1. What is the Single Payment Compound Amount factor for an interest rate of 2% over 10 years? 2. What is the Uniform Gradient Future Worth factor for an interest rate of 10% over 10 years? 3. What is the Uniform Series Present Worth factor for an interest rate of 5.5% over 20 years? 4. A bank pays 3% interest per year (compounded annually). a. To what amount will a $5,000 deposit grow if left in the bank for 10 years? b. Draw the Cash Flow Diagram for this problem.9.How much will you accumulate if you invest $800 a year for 10 years at a rate of 8% per year? How much will you accumulate if $200 per quarter is invested at a rate of 8% per year compounded quarterly? 10.You now have $20,000 which can be invested at 9% per year. a.For how many years can you spend $2671? b.What is the most you can spend per year for the next 20 years?Suppose that $12,000 is placed in a bankaccount at the end of each quarter over the next 15years. What is the future worth at the end of 15 yearswhen the interest rate is 8.5% compounded at thegiven intervals?(a) Quarterly(b) Monthly(c) Continuously
- 2 A man borrowed Php 120,000 and promised to pay annually for 5 years. The payment starts at "X' pesos. The man intends to increase his payments by Php 5,000 at the end of each successive year. If the interest rate is 8% compounded annually, how much will the first payment cases be? If the man decides to pay annually with 8 equal payments with the first payment to be madeafter 4 years, what will be the amount of the annual payment? Construct the cash flow diagram for both cases.1. An engineer plans to borrow $25,000 to open his own consulting business. He must repay $500 a month for 5 years. What is the nominal annual interest rate (compounded annually)? 2. An engineer is planning a 15 year retirement. She has decided that she will need to withdraw $4,000 each month from her bank account to live. How much money should she have in the bank at the start of her retirement, if the bank pays 0.25% interest per month (compounded monthly)? Hint: There are 15 x 12 compounding periods.10. The compound interest on a certain sum of money at 25% for 3 years is Php 47,656.25. Its simple interest at the same rate and for the same period is Php Blank 1.
- 1. How much money would you have to deposit for 5 consecutive years starting one year from now if you want to be able to withdraw P 50,000 ten years from now? Assume the interest is 14% compounded annually.9. In how many years will $1,500 yield an interest of 5200 at 2% simple interest?H6. a. what is the present value of a two year income stream $10,000 in year 1 and $10,000 in year 2 assuming a 5% interest rate (assuming one gets paid at the end of the year) b. what is the present value of a $10,000 income stream obtained in every throughout one's life?