If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00 due in 1 year and P280,000.00 due in 2 years.

Q: By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it…

A: The compound interest is given by:

Q: Jasica Parker would like to have $75,000 to buy a new car in 6 years. To accumulate $75,000 in 6…

A: Solution :-

Q: How much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of…

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

Q: Suppose that you invested in a mutual fund that guaranteed 6.5% annual interest, compounded monthly.…

A: given p=principle=$3500r=rate per annum=6.5%n=4 =time we have find A…

Q: What lump sum must be invested at 8%, compounded quarterly, for the investment to grow to $30,000 in…

A: we will useA =P1+rnntGiven A =$30,000r =0.08n=4      (quaterly)t =12 years

Q: If Karen makes an initial deposit of $200000 into a fund, which offers and annual interest rate of…

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Q: The payment of 500 php is to be made at the end of every 6 months. How much is its future value…

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Q: Suppose you deposit $1, 000 twice a year for 30 years into an account that is compounded…

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Q: Find the principal needed to get $600 after 2 years at 4% compounded quarterly.

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Q: If money earns 3.72% compounded quarterly, what single payment in three years would be equivalent to…

A: topic - compound interest

Q: . With a present value of $135000,what is the size of the withdrawals that can be made at the end of…

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Q: . Find the accumulated value of P12,000 at the end of 5 years and 5 months at 8% compounded…

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Q: A family wants to have a $170,000 college fund for their children at the end of 17 years. What…

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Q: The Pirerras are planning to go to Europe in 3 years, and have agreed to set aside $150 per month…

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

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Q: The Pierras are planning to go to Europe 3 years from now and have agreed to set aside $180/month…

A: Given  The periodic payment $180 per month Periodic interest rate is 2%/year periods per year is 12…

Q: The Jones want to save $51,000.00 in 2 years for a down payment on a house. If they make monthly…

A: FV=PMT1+rnnt-1rn FV=51000 t=2 years r=3%=0.03 n=12 for a monthly payment

Q: If Amy needs $15,000 in years 6 for a down payment on a home how much should be invested today at…

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Q: .A man borrows Rs 8160 from a finance company and has to return it in two equal annual instalments.…

A: Installment = [P x R x (1+R)N]/[(1+R)N-1] where P stands for the loan amount or principal, R is the…

Q: If Juanita invests $1500 in a retire-ment account that earns 8% compounded annually, how long will…

A: Given:Juanita invests $1500 in a retirement account the earns 8% compounded annually, and the amount…

Q: If you invest $10,400 at an interest rate of 2.5% compounded monthly, when will your investment be…

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Q: How much is the original loan if semi-annual payments of $100,000 are used to repay it at 5%…

A: r= 5% A = amount to be paid =$100,000 P = original amount  t= 8 years

Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded monthly.

A: Given:Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded…

Q: What single payment today would replace a payment of $900 in 3 years and a payment of $3,900 in 4…

A: The compound interest formula is A=P1+r100n, where A is the amount, P is the principal, r is the…

Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

Q: A share valued at $256.50 pays quarterly dividends in perpetuity at a rate of return of 3.50%…

A: Given: Dividend:$256.50 i=3.50%  i.e. 0.035 n=2 The effective rate of interest is obtained by the…

Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

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Q: If John invests $2300 in a savings account witha 6% interest rate compounded annually, how long will…

A: To find the no of years

Q: By the conditions of a will, the sum of P25,000 is left to a girl to be held in a trust by her…

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Q: Your RRSP savings of $50,000 are converted to a RRIF at 4.95% compounded monthly that pays $5,220 at…

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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: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: An interest-bearing note for P75,000 requires payment at the end of each quarter for four years. If…

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Q: What is the purchase price on a car that has a $264 monthly payment for 5 years, financed at 8% per…

A: The purchase of a car that has a $264 monthly payment for 5 years, financed at 8% per year,…

Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: Suppose you want to borrow $20,000 for a new car. You can borrow at 6% per year, compounded every…

A: P = monthly payment PV = loan amount r = rate of interest n = number of periods

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

A: Use the formula for the present value is given below A=P1−1+rn−ntrn...….(1) Here, P=$2500 Rate of…

Q: What principal will amount to $7000 if invested at 4% compounded quarterly for 19 years? The…

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Q: Elysa bought a car priced at $8942 for 12% down and equal semi-annual payments for 4 years. If…

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Q: If $5000 is invested for 8 years at 6% compounded monthly, how much interest will be earned?

A: Given that $5000 is invested for 8 years at 6% compounded monthly. It is required to find the amount…

Q: Calculate the amount of money Kayla had to deposit in an investment fund growing at an interest rate…

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Q: How much should you set aside and invest in a fund earning 9% compounded quarterly if you want to…

A: We need to find the amount of money that must be invested to accumulate P200,000 in 3 years and 3…

Q: A recent graduates student loan total $15,000. If these loans are at 4.6%, compounded quarterly, for…

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Q: If a bank pays 16% compounded quarterly, how much should be deposited now to have $1200 in 6 years…

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Q: What is the total interest paid on a 30 year mortgage for $235,000 if it is charged 7% interest,…

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Q: What is the total investment of $3500 compounded quarterly for 8 years at a rate of 5%? And what is…

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Q: A man borrows Rs 8160 from a finance company and has to return it in two equal annual instalments.…

A: sum borrowed = Rs  8160  the loan is to be paid back in 2 equal annual instalments  let each annual…

Q: John makes annual deposits of $1600 to an an IRA earning 7% compounded annually for 16 years. What…

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