Lesson: Economic Equivalence As a new engineer, you wanted to earn and availed an investment insurance. Every month you are going to pay ₱ 2,500.00 within five years. What will be its value after you finish the investment plan? The insurance company offers 8% nominal rate compounded monthly.

Q: To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker loans you…

A: Given:To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker…

Q: You have decided to buy a new plasma TV. To do so, you must use your credit card to pay $1500 of the…

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Q: You want to buy a new car. You can afford payments of $375 per month and can borrow the money at an…

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Q: Question Pablo borrowed $50,000 to start a business. Three years later, he repaid the $50,000 along…

A: Here the principal amount is $50,000. Time is 3 years and the final amount repaid is $59,375. Amount…

Q: At age 35, to save for retirement, Rebecca decides to deposit $70 at the end of each month in an IRA…

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Q: Dylan wants to accumulate at least $60,000 by depositing $1,400 at the end of every month into a…

A: Dylan is depositing $1400 per month to get $60000 where interest is compounded monthly formulae for…

Q: 4) Jorge takes out a $185,000 mortgage loan to buy his first home. The mortgage has a 4.5% interest…

A: We will find the monthly payment and intrest amount after 30 years as shown below

Q: Matilda wishes to retire at age 67 with $1,500,000 in her retirement account. When she turns 28, she…

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Q: Melissa agrees to contribute $500 to the alumni fund at the end of each year for the next 9 years.…

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Q: Henry wants to buy a new gaming laptop worth 84,000 php. He is offered 40% of the price as down…

A: Let's find.

Q: gracie shay wants to buy a new hummer in six years. gracie estimates the cost of the hummer will be…

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Q: Help please? I feel like I'm doing this correctly, but making a minor mistake somewhere? Steven…

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Q: Sallie wants to buy a new home.  She will borrow $400,000 at 3% compounded monthly for 30 years.

A: Given, Initial amount: Interest rate: Interest rate for compounded monthly: Number of years:…

Q: Activity Activity 1: What's my future? Directions: Read the problem carefully and then write your…

A: By bartleby rules, only first question has been answered In order to save for her high school…

Q: Henry wants to buy a new gaming laptop worth 84,000 php. He is offered 40% of the price as down…

A: Let's find.

Q: certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of 405…

A: Given query is to find the interest rate charged.

Q: To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you…

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Q: We want to pay our mortgage in 15 years. The annual interest rate is 6 percent. The bank told us we…

A: Hello! As you have posted 2 different questions, we are answering the first question. In case you…

Q: $1,600,000 in her retirement account. When she turns 28, she decides to begin depositing money into…

A: Introduction: The formula of monthly payments is given by, A=PMT×1+rkn-1rk Where PMT is the monthly…

Q: You would like to have $800,000 when you retire in 40 years. How much should you invest each quarter…

A: Given that: Future value of annuity = $800000 Interest rate = 5.2% compounded quarterly. Time = 40…

Q: Vicki takes out a 10-year loan. The loan is repaid by making 10 level annual repayments at the end…

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Q: You want to be able to withdraw $20,000 each year for 20 years. Your account earns 5% interest…

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Q: 6. Ling borrowed $1500 for her university expenses. She plans to pay back the amount owed after 6…

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Q: Matilda wishes to retire at age 67 with $1,500,000 in her retirement account. When she turns 28, she…

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Q: Bianca purchased a car for $26,000; she paid $6500 as a down payment and financed the balance amount…

A: Note: All amounts are in $Amount to be paid = 26,000Amount paid           =   6,500Present loan, PV…

Q: Problem solving: Mrs. Sanchez saved P 20,000 at the end of every 6 months in an education plan that…

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Q: Activity III PROBLEM SOLVING. Solve for the following problems. NO SOLUTION MEANS WRONG. 1. How many…

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

Q: You can afford a $300 month car per payment. You've found a 4 year loan at 2% interest. How big of a…

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Q: Sarah secured a bank loan of $190,000 for the purchase of a house. The mortgage is to be amortized…

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Q: Barrack buys a car costing 25600 $. He agrees to make payment at the end of each monthly period for…

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Q: Question You want to take out a $140,000 mortgage (home loan). The yearly interest rate on the loan…

A: From the given information, The amount of loan P0=140,000The rate of interest r = 6%The length  of…

Q: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

A: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

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Q: 3 (b) Rana wants to pay £6000 for the wedding. She paid £5000 into a savings account 6 years ago.…

A: Introduction: In every financial institution, when someone given or lend money, there is an interest…

Q: You can afford a $350 per month car payment. You've found a 5 year loan at 2% interest. How big of a…

A: Given data- We have to find the future value.

Q: Jessica borrowed $3300 from the bank in order to buy a new piano. She will pay it off by equal…

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Q: To go on a summer trip, Alan borrows $700. He makes no payments until the end of 5 years when he…

A: Here the interest charged is simple interest. So the formula we need to use to compute interest is I…

Q: You can afford a $400 per month car payment. You've found a 4 year loan at 6% interest. How big of a…

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Q: You can afford a $250 per month car payment. You've found a 3 year loan at 3% interest. How big of a…

A: Given: You afford $250 per month for a car. The interest rate is 3%  and repay the loan in 3 years.…

Q: You borrow $5,000 from the bank to pay tuition for your first year of university.  The bank charges…

A: Given: Principal amount, P=$5,000            Rate per annum, R=6% To find: a) Amount to be repayed…

Q: You can afford a $200 per month car payment. You've found a 5 year loan at 5% interest. How big of a…

A: Given, you can afford a $200 per month and you've found a 5 year loan at 5% interest Let the loan…

Q: At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of…

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Q: You want to buy a new car. You can afford payments of $250 per month and can borrow the money at an…

A: We will find out all required values.

Q: You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter…

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Q: upé made a down payment of $5000 toward the purchase of a new car. To pay the balance of the…

A: Let C = the cash price of the carLet A = the cost of the loanThe loan was done after the down…

Q: Sarah wants to save for a car that costs $5000. She has $4250 in a savings account earning 1.49%…

A: The amount invested is $4250 The rate of interest is 1.49% compounded quarterly the cost of car is…

Q: Bob and Liz are buying a house. They have $20,000 for a down payment. The house price is $177,000.…

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Q: Jon borrows $12,000 at 5% compounded monthly. He makes regular loan payments of $350 each month. a)…

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Q: To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you…

A: First of all, consider the given values and the formula for the S.I.The principle amount =…

Q: Nine  years  from  now,  Sam  wants  to  have  an  amount  available  to  deposit  into  an  account…

A: The given data for 10 years. r=6%=0.06R=$10,000n=10 years Now, calculate future value in 10 years by…