Jee Wong deposited RM1 000 in a savings account at 3% compounded monthly. Find the number of months required is he wanted the amount in the account to become RM1 498.54. О 165 O 162 О 160

Q: Suppose you want to have $800,000 for retirement in 35 years. Your account earns 4% interest. How…

A:

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

A:

Q: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How…

A:

Q: AIf $5,000 is invested in as account paying 1% compounded monthly, how much money will be in that at…

A: Since you have asked multiple questions in single request  so we  will be answering only first…

Q: The all - new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: topic - application of geometric progression

Q: Jill plans to put her money worth PhP 455,316 in a time deposit paying 2.32% compounded monthly for…

A: This question is related to Compound Interest,  we will solve it using given information.

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. How…

A:

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 9% interest. How…

A:

Q: The buyer of a lot pays Php. 50,000 cash and Php. 14,500 every month for 10 years. If money is 8%…

A: We will find out the required value.

Q: On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest compounded…

A: Given that, Amount deposited on January 1, 2022 = 15000 rate (r) = 2.5% compounded monthly, So, n=12…

Q: Suppose that you borrow $3000.00 from a friend and promise to pay back $6225.00 in 5 years. What…

A: Using formula A=P+T

Q: Duke invested $12000 into an account earning 7.5% interest compounded quarterly. Find the value in…

A: Given: Principal amountP=$12000, interest rate quarterlyr=7.5%, timet=20 years We know that if…

Q: Daniel saved $260 at the end of every month for 4 years in his bank account that earned 5.60%…

A:

Q: George invested P25,000 at 9% compounded quarterly. After 2 ½ years, the rate changed to 9.6%…

A: Here George initial investment is P25,000 at the compound quarterly interest 9%.

Q: Mark deposited P1,200 in an account that pays 3 ½% compounded monthly. He continues to deposit the…

A:

Q: what lump sum do parents need to deposit in an account earning 7% compound monthly so that it will…

A: Here r=7%=0.07, n=12 ,A=$100000, t=15. Let parents need to deposit the lump sum $P We find P.…

Q: B. Zoe made a fixed deposit of Php 100 000. After 2 years she got an amount of Php 144 000…

A:

Q: 12. Pal's Pizza deposited $4700 in an account paying 3,% compounded daily on April 2 and deposited…

A:

Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

A:

Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her…

A: Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Q: On the 7th birthday of Dane's daughter, he deposited an amount in a bank peso fund that pays 1%…

A:

Q: What is the interest rate compounded quarterly if P 2,500,000.00 is invested and the amount became…

A: Formula: The compound interest formula is given below: A=P1+rnnt, where A-final amount, P-Principle…

Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

Q: there is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

A:

Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

A:

Q: Paula starts a savings account with her tax refund money. Currently, the bank is paying 1.5%…

A: Query- Paula starts a savings account with her tax refund money. Currently, the bank is paying 1.5%…

Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Definition used -           Future value of annuity -                                FV=P(1+r)n-1r…

Q: You deposit Php 4000 each year into an account earning 4% interest compounded annually. How much…

A: Let us consider the principal amount P at the rate of interest R% compounded annually for the period…

Q: You deposited $900 into a savings account paying 2% compounded quarterly. Two years later, you…

A: Given:  You deposited $900 into a savings account paying 2% compounded quarterly. Two years later,…

Q: Ms. Cruz borrowed ₱50, 000 and repaid it 5 years later. If money earns interest at16% compounded…

A:

Q: Find the present value of 370,000 php due in 2 years if the money is invested at 7% compounded…

A: Formula for compound interest : given A = 370000 r = 7% = 0.07 n = 12 ( as it compounded monthly )…

Q: Grandma Riley wants to help Scott while he's in college by giving him a S220 monthly allowance for 5…

A:

Q: Four years ago, Downtown Disco decided to deposit $122,000.00 to build a bigger dance floor. The…

A:

Q: Mr. Uy, an entrepreneur, invested ₱ 5, 000, 000.00 in a financial institution.How long will it take…

A: The principal amount invested is P= 5000000 The amount A= 10000000 Therefore the interest accrued is…

Q: How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42 at the…

A: To find How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42…

Q: You deposit Php 5,000 into an account paying 8.5% annual interest compounded monthly. a. how much…

A: We can solve the given problem using concept of compound interest.

Q: Mary bought a bike payable monthly for 9 months starting at the end of the month. How much is the…

A:

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 8% interest. How…

A: Find the monthly payment.

Q: Za'Dajha deposited $2,500 into an investment account that earns 8% interest compounded annually.…

A:

Q: Two hundred years ago, your great, great, great grandfather deposited P1 in a savings account.…

A: Use the formula: A=P1+r100nwhere P is the principalr is the rate of interest for each time-intervaln…

Q: Ryan deposited ₱ 25,000 in a saving bank on Jan. 13, 2013. At that time the bank was paying 4%…

A: Given: Deposited amount = ₱ 25,000 Rate of interest till July 12, 2015 = 4 % compounded quarterly…

Q: Carla saves RM7.000 into an account that paid 5% compounded semi-annually. Five years later, she…

A: Carla saves RM7.000 into an account that paid 5% compounded semi-annually. Five years later, she…

Q: Hannah expects to receive Php 200,000 five years from now. How much is the money worth now if the…

A: Given Future amount = A = Php 200,000 Time = t = 5 years Interest rate = r = 10% compounded monthly

Q: Four year ago,lsmail deposited RM6 800 in an account that gives 4.55% simple interest per annum.Find…

A: It is given that  Principal amount (p) = RM 6800, Rate r = 4.55% Time t = 4 years

Q: ong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How…

A: Given that: Money deposited, P0=10000 Php                     Rate of interest, r=4%…

Q: Jill plans to put her money worth PhP 463,349 in a time deposit paying 2.27% compounded monthly for…

A: