Mr. Chua invest 45,000 into two different accounts which pay 7% and 8% annual interest. If he earned a total of 45,000 for the year, how much did he invest at each rate?

Q: Carol Jones, a single person, has an annual income of $32,200. The principal and interest payment on…

A: SolutionGiven thatAnnual income of carlo jones=$32,000Loan amount =$25000 30 year at 8%Annual…

Q: An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual…

A: Note: Assuming, the question has repeated rate of return displayed, hence taking 6% and 15%, other…

Q: Walter is investing $5,000in an account paying 6.75 percent annually for three years. What is the…

A: Principal invested, P = $ 5,000Interest rate, R = 6.75%Time, T = 3 yearsAs a first step, we will…

Q: Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money…

A: Solution: Calculating interest rate using future value and present value.

Q: Andrew T. invested $15,000 in a high-yield account. At the end of 30 years he closed the account and…

A: Effective interest rate, also known as the annual equivalent rate is the interest rate which takes…

Q: what is the future value of his investment cash flows at the end of three years? (Round to two…

A: Future value means the value of the assets at a specified time in future. It is very important for…

Q: Mrs Smith invests R25 000,00 in an account earning 7,5% interest per year, compounded weekly. After…

A: given. r = 7.5% m=52 ( compounded weekly) pv = 25000 fv = 25000 x 2 = 50,000

Q: Timothy invests $5,000 at 17% interest compounded daily for three years. How much does he have in…

A: Future value = Present value(1 + Rate)^Time

Q: At the beginning of the year, Mr. Lanier put $50,000 cash into Investment X. At the end of the year,…

A: Capital gain tax is a direct tax that is charged on the capital gains which arise out the sale of a…

Q: Ms. Walsh invested $35,000 in two accounts. one yielding 8% interest and the other yielding 9%. if…

A: Interest rate in account 1 (r1) = 8% Interest rate in account 2 (r2) = 9% Period (t) = 1 year Total…

Q: Jill invested $1,000 each year into an account that earns 10% interest compounded annually to have…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: A person invested two amounts in a bank for a full year. From the first, the rate is 6% annually,…

A: Let the 1st amount be x and 2nd amount be y

Q: Abigail invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 7…

A:

Q: Salma borrowed $600from a bank for 2 years and was charged simple interest. The total interest that…

A: The annual interest rate on the loan is calculated using the simple interest formula given as below:…

Q: Zach depsoits a $38,000 one-time lump sum in an account with an APR of 7% that is compounded…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th…

A: Future Value(FV) is worth of current amount at future point that is computed by compounding current…

Q: Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end…

A: given, pv =  P100,000  A=  P30,000 at end of 5 years for next 4 years R=12% M=4

Q: Mr. N. invests $5,000 in a certificate of deposit (CD) at his local bank. Hereceives 2 percent…

A: RATE 2% YEARS 5 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $5,000

Q: deem invested $800 in an account that pays 4.25% interest compounded annually. Assuming no deposits…

A: Future value of money includes the original deposit and compound interest on the money.

Q: Jim invests $15,000 today into an account, If the amount in the account accumulates to $17,364.37 at…

A: The rate of interest can be computed with the help of future value function.

Q: Fred owes $12000 due in two years and $8,000 due in twelve years. Fred is allowed to pay off both…

A: We have to consider present value and future value of both.

Q: Yoko invested s4000 in a fund for 2 years and was paid simple interest. The total interest that she…

A: Investment (P) = $4000 Period (T) = 2 Years Interest amount (I) = $400

Q: Ryan invests a sum of money in a retirement account with an annual interest rate of 7% compounded…

A: Annual interest rate is 7% Time period is 10 years Future value is 11,008.79   To Find: Initial…

Q: Rapi Tulpo invests Php1,000 in a Bank that doubles his money in five years. To what annual interest…

A: Investment means an asset(financial assets or fixed assets) that is purchased to generate additional…

Q: llaine invested Php 50,000 in a bond fund for 3 years that pay 2.75% annually.  If interest will be…

A: The bonds are paid coupon payment each period but there is withholding tax to be paid on the coupon…

Q: how much did she invest in each account? account paying 5% $________ account paying 11%…

A: Investment refers to those mechanism which is used by the company for the purpose of generating…

Q: Mukesh Ltd has received £65,661 after investing for 6 years at an annual interest rate of 6.5%. What…

A: Solution:- We know, when some amount is invested somewhere, it earns interest on it. The amount…

Q: Matthew has $40,000 invested in a checking account paying 3.7% per year and a savings account paying…

A: The actual interest earned by Matthew during the year is equal to $ 40,000 X 5.5 % = $ 2,200. The…

Q: Frank invests $ 2500 dollars into an account earning interest compounded quarterly. After 13 years…

A: Future Value = Present Value * (1+r)^n Where, r =rate per period n = no. of compounding period i.e.…

Q: Phyllis invested $9,000, a portion earning a simple interes

A: Phyllis invested $9,000, a portion earning a simple interest rate of  4.5 1 2 %  per year…

Q: Phyllis invested $7,500, a portion earning a simple interest rate of 4 1/5 % per year and the rest…

A: Simple Interest = Investment * Rate * Period

Q: nd invests P20,000 for 40 years in an account earning 9% interest per year. How much will she…

A: Future value = Present value (1 + rate)^periods Future value = 20,000 (1 + 0.09)^40 Future value =…

Q: Aimee invested part of Php35,000 in a stock paying 9% interest for 2 years and the balance in a…

A:

Q: Kristina invests a total of $23,000 in two accounts. The first account earned an annual interest…

A: Given that: Total investment = $23000 Interest on first account = 12% Interest on second account =…

Q: Bruno deposited $7,500 into an investment account and seven years later, the balance in the account…

A: The rate of return earned on the account can be computed by using the concept of time value of money

Q: Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and…

A: Given, Amount invested is $49000 Interest earned on both the investments is $2320

Q: Smith invests usd 10.000 in an account that pays interest. After the first year he receives 4.200…

A: Future value is the accumulated sum of money that is invested with the motive to earn a certain…

Q: Wasim invests $220,000 in an annuity that earns 8.50% interest compounded quarterly. It makes…

A: An annuity is referred to lump-sum payment made by you in return for regular disbursements,…

Q: Mr. Velasco got a 700,000 loan for the expansion of his business payable monthly in 4 years. How…

A: The monthly amortization on a loan refers to the monthly payment on the loan, which is needed to be…

Q: Reesha left $5,750 in an account that paid 9% interest compounded annually. How much interest was…

A: Compound interest also called interest on interest. It is the addition of interest in the principal…

Q: Rico invested P5,000 for 3 years at 8%. Find the difference in the interest if the money is invested…

A: Interest as per Simple Interest: = Principal * Interest rate * Number of years = P 5000 * 8% * 3…

Q: Mr. Mañalac invested P 100,000 to a certain business which earns P 10,000 every 2 months for 10…

A: calculation of simple interest rate are as follows

Q: Sam invests $ 3500 into an account earning 9% interest compounded quarterly. How long will it take…

A: We need to use NPER formula in excel to solve this problem.

Q: Travis invested $8000 in an account that pays 4 percent simple interest. How much more could he have…

A: Investment = 8000 Simple Interest Rate = 4% N = 7

Q: Melanie invests a total of $7,000 in two accounts paying 6% and 7% annual interest, respectively.…

A: A given sum of money can be invested in various sources to achieve maximum returns.

Q: An individual has $1,000 to invest and wants to accumulate $1,470 in 5 years. What interest rate,…

A: In this question we need to compute the interest rate from following details : Present value of…

Q: Mrs. Pores invested P150,000 in a bank that pays an 13% interest converted monthly. If her account…

A:

Q: Melanie invests a total of $27,500 in two accounts paying 2% and 14% annual interest, respectively.…

A: Total investment = $27,500 First account interest rate = 0.02 Second account interest rate = 0.14…

Q: Ryan invested 56000 in Koy Rural Bank and Soy Rural Bank. Koy Rural Bank pays 8% interest per year,…

A: formula for interest : interest =principal ×rate×time100

Q: Investments Phyllis invested $12,000, a portion earning a sim- ple interest rate of 4% per year and…

A: Return on capital computes how much amount business generates by using funds of capital providers.