If P12900 is invested for 5 years in a bank that pays 3% compounded semi annually, what sum will the investor receive after 5 years? A P13226.15 B P14954.64 c) P11127.65 D) P12581.89
Q: CBG pays 10 percent per annum simple interest on its savings account balances, GCB pays 8 percent…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: Suppose you borrowed $80,000 at a rate of 8.5% and must repay it in 5 equal installments at the end…
A: Given data; borrowed amount = $ 80,000 rate of interest = 8.5% number of payments = 5 First we…
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A: In the given question, $ 500,000 are invested at 8% compounded quarterly for 10 years. Since…
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A: Given, Repayment in 5 years = $50,000 Present value of 1 at 8% = 0.6806
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A: 1) Simple interest rate of First City Bank (r) = 7% Compound interest rate of Second City Bank (i) =…
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A: Future value required (FV) = P 500,000 Period = 6 Years Annual interest rate = 14% Semi annual…
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A: Deposit amount (D) = $235000 n = 3.5 years r = 8% Let annuity at the end of each year = A
Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…
A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…
Q: 1. If PS00,000 is deposited at rate of 11.25% compounded monthly, determine the compounded interest…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
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A: Given: Years = 5 Amount = 160,000 Interest rate = 15%
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A: Loan amount (PV) = P 50,000 Period = 3 Years Number of semi annual payments (n) = 3*2 = 6 Annual…
Q: 2. Jenny is planning to deposit P17,000 Quezon Metropolitan Bank is offering 7.5% compounded…
A: Time value of money- It is based on the concept that money earned today is worth more than similar…
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A: In finance, the term annuity represents a stream of cash flows that contain an equivalent periodic…
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A: Using the future value function
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A:
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A: Using excel FV function
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A: Given:
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A: In finance, the term loan shows an amount borrowed by one person from another to support the…
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A: Bank A: Simple Interest Rate (r) = 6% or 0.06 (Annually)Time Period (t) = 10 years…
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A: Following is the answer to the question
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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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A: Introduction Note: “Since you have asked multiple questions, I will solve the first question for…
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264
- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?