Levi is planning to invest 100,000 php. Bank A is offering 5% compounded semi - annually while Bank B is offering 4.5% compounded monthly. If he plans to invest this amount for 5 years, in which bank should Levi invest? A Bank B There's no difference in the future value of the products offered by B both banks. Bank A

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Q: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and the…

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Q: The trustees of a college have accepted a gift of $150,000, but are required to deposit it in an…

A: Given that PV of gift =150000Rate semiannually =10%/2 =5%=0.05Number of Periods =2*8 =16 and…

Q: Suppose that you had the opportunity of investing 5000$ in a business such that the value of the…

A: Given  that Investing 5000$ in a business increases the value to 6300$ after 5 years.

Q: Jon Deposits $4,500 into an account paying 7% annual interest compounded quarterly and Sara deposits…

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Q: (b) If $2000 is invested today at 8% compounded quarterly, how much would it be worth in 2030? 2022…

A: b) Given : r=8% = 0.08     P = $2000     n = 4 ( quarterly )     t = 2030 - 2022 = 8 years  So…

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Q: The adult children of a college professor are endowing a scholarship fund in their father’s name.…

A: Given that, Present value = P = $1000 Interest rate = r = 6% = 0.06 Time = n = 3years

Q: a wants to have $200,000 to buy a smaller retirement home in 20 years. If they can earn 4.5%…

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Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

A: The value of r compounded monthly , r=4% compounded monthly=412%  Number of months in each quarter =…

Q: As part of their financial planning, Janice Garcia's grandparents made monetary gifts to each of…

A: Given information Future Value is $5,000 and rate is r=9% compounded monthly. t=21 months=1.75 years…

Q: Olivia invested $1000 in an account that pays 2.5% interest compounded annually. Assuming no…

A: Olivia invested $1000 in an account that pays 2.5% interest compounded annually. Assuming no…

Q: Paul is a retiree living on Social Security and the income from his investment. Currently, his $100,…

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Q: How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly?…

A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

Q: If an apartment complex will need painting in 2 1 2 years and the job will cost $135,000, what…

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Q: Robin wishes to accumulate a sum of $450,000 in a retirement account by the time of her retirement…

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Q: An investment company pays 4% compounded semi annually. Do you want to have 24,000 in the future.…

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Q: P1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: We have to find the balance at the end of 17 years.

Q: Amy won a lottery that would pay her $42,000 in 2 years and $10,200 in 5 years. The lottery company…

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Q: The bank is offering a special rate of 4.5% to anyone willing to invest $10,000 for 5 years,…

A: Here, principal (P)=$10,000               Time (t)=5 years rate of interest (r)=4.5%=4.5100=0.045…

Q: If OMR 5420 is invested at 8% compounded quarterly,what will be the future value after 5 years? a.…

A: Given, PV=OMR 5420,r=8%t=5n=4 To find the future value.

Q: A father opened a savings account for his daughter on the day she was born, depositing $1,000. Each…

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Q: Jane Roznowski wants to invest some money now to buy a tractor in the future. If she wants to have…

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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: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

A: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

Q: Harry is 30 years old and plans to retire at age 70 years with $1,200,000 in his retirement account.…

A: We have given A=$1,200,000  ,r=2.75% t=70-30=40 years compounded quartly (n)=4we know the formula…

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: If you were to invest $200 at 4% interest compounded annually or each year, what would be your…

A: We shall use formula for compund interest. P= initial amount A = total amount after t years…

Q: In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per…

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Q: Man borrowed $30,000 at a simple interest rate of 12% per year to woman, however Man can only paid…

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Q: Kevin invested $2,500 in an account paying an interest rate of 2.7% compounded daily. Assuming no…

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Q: You are considering investing $5,400 at 9% peryear simple interest for five years or investing the…

A: The formula for simple interest is : S.I=P×r× t100…

Q: With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but…

A: Given, P = 25,000 Rate of interest = 4% compounded monthly Time = 1 year To calculate compounded…

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Q: Ahmed invested $1,542 in a savings account, and three and a half years later his investment amounted…

A: This question is related to compound interest, We will solve it using given information.

Q: A man living abroad for 2 years wants to buy an ordinary annuity that will provide monthly payments…

A: The parents will receive  $750 each monthover the 2 years his parents receive the money…

Q: At the time of her​ grandson's birth, a grandmother deposits $1000 in an account that pays 5%…

A: The deposit is $1000, compounded monthly is 5%. The value of the account at the​ child's…

Q: A debt of $5000 is to be amortized with 12 equal semiannual payments. If the interest rate is 7%,…

A: Debt amount=$5000/-  interest rate=r=0.072=0.035 compounded twice a year n=12…

Q: Five years ago, Diane secured a bank loan of $300,000 to help finance the purchase of a loft in the…

A: We will use the formula,  A=R1-(1+i)-ni where A =300,000, i=12%12=1%=0.01   n= 30*12=360 so,…

Q: Amanda is going to invest. Assuming an interest rate of 1.66% compounded annually, how much would…

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Q: In a certain account providing an interest rate of r compounded quarterly, P2,500 is deposited every…

A: P= 2500 Amount after interest =5200 interest rate of r compounded quarterly n=4/yr

Q: After graduating with a master's degree, Naomi combined all of her student loans into a single loan…

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Q: To prepare for an upcoming equipment purchase, the finance team at Canada Wire Corp. has invested…

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Q: Maryam is planning to invest P150,000. Bank A is offering 7.5% compounded semi- annually while Bank…

A: The principal will be equal to 1,50,000 . From bank A , The rate = r               =7.5%…