Mrs Smith invests R25 000,00 in an account earning 7,5% interest per year, compounded weekly. After a number of years, she receives double the amount she invested. Determine the period under consideration. Round your answer to the nearest year. [1] 1 years [2] 2 years [3] 9 years [4] 8 years

Q: Jackie deposits GH¢200 at the beginning of each month for 5 years in an account paying nterest at 10…

A: Using excel FV function

Q: Alex invested $10,500 in an account that pays 6 percent simple interest. How much money will he have…

A: Simple interest is the method of calculating interest on the amount of investment. A fixed amount is…

Q: to settle a debt of 40000, Mrs santiago will pay quarterly for 7 years at 14% compounded quarterly.…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Priscilla deposits $200 at the end of each month for seven years at 5% interest compounded monthly.…

A: Future Value = R [ (1+i)n - 1]i   where, R = Monthly deposits n = Number of months i = Interest Rate…

Q: Assume that a couple invests $4000 each year for 4 years in an investment that earns 8% compounded…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Timothy invests $5000 at 17% interest compounded daily for three years. How much does he have in the…

A: 17% interest compounded daily means the interest rate will be divided by 365 and n will be…

Q: Rachael invests $8000 for 7 years and 8 months. The account earns 12% semiannually. A) What is n…

A: Future value of present sum depends on whether it is simple interest or compounded…

Q: Deepika deposits $10000 into her savings account that earns 7% per annum compounded annually for…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Shayla deposited $4,000 into an account earning 5% interest per year, compounded every 6 months.…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: A man wishes to have P350,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: The future value of an annuity due is the total future value of each cash flow which is made at the…

Q: Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded…

A: If money has been deposited in an account at the beginning of every period for a specified duration…

Q: Ron has made deposits of $80.00 into his savings account at the end of every three months for 10…

A: The compound interest is when the interest earned in a period is reinvested thereby earning more…

Q: Belle decided to start a new investment account.  She deposits $1,000 into an account that earns…

A: Using excel FV function

Q: Caroline invest $100 on the last day of each month into an account earning 8% interest, compounded…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Meghan invested his savings in a bank at 3.75% compounded quarterly. How much money did he invest to…

A: To calculate investment value required after 8 years, present value of annuity due formula will be…

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: Hannah plans to invest $125 at the end of each month into an RRSP for the next 5 years. If she earns…

A: We need to use financial calculator to solve this problem. The following inputs need N=Periods…

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A: Amount deposited = OMR 500 Interest Rate = 55 per annum Interest rate (r) half Yearly = 5%/2 = 2.5%…

Q: Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end…

A: Deposit at year-0 = $ 2800 Deposit at year-1 = $ 900 Deposit at year-2 = $ 575 Interest rate = 2.20%…

Q: Steve invests $1,800 in an account that earns 3.7% annual interest, compounded continuously. What is…

A: Present Value = $1,800 Interest rate = 3.7% Time Period = 10 Years

Q: William got a loan for 25,000 dlls to be payable in 19 years with interest rate of 1.7 percent per…

A: Loan amount = 25000 dlls Period = 19 Years Annual interest rate = 1.7%

Q: Chris invests $19,000 at 4% simple interest for 7 year. How much is in the account at the end of the…

A: Investment is the practice of exchanging current revenue for an asset that is expected to provide…

Q: Jianne invested Php 50,000 in a friend's business with a definite annual interest rate of 4%. How…

A: Future value is the value of current asset or investment at a future date. Future value is…

Q: Cardo invested a certain amount at 20% simple interest per year. After 8 years, the interest she…

A: solution concept under simple interest the interest is calculated on the principal amount only .…

Q: Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 10 years…

A: given, pv = $4500 fv = $5600 n =10 years m =4 (quarterly compounding)

Q: Mrs. Carter deposits P 100 in the bank at the end of each month. If the bank pays 6 % per year…

A: Monthly deposit (P) = P100 Interest rate = 6% e = 2.7182818284590452353602874713527 Monthly interest…

Q: Maria invested R15 000 for a period of 5 years at an interest rate of 10% per year compounded semi-…

A: Compounding interest semiannually means that the principal of a loan or investment at the start of…

Q: Mr. Sin borrowed ₱1,000,000 for the expansion of his business. How much will be the yearly payment…

A: The regular payments to be made for the loan taken can be calculated using the PMT function in…

Q: Sally has a sum of $26000 that she invests at 12% compounded monthiy. What equal monthly payments…

A: solution the present value of annuity technique is used for the problem where the equal annual…

Q: Kate owes P120 000 due in 4 years plus the accumulated interest from today at 13% compounded…

A: Loan amount today (L) = P 120000 Loan amount is due in 4 years. r = 13% per annum = 3.25% per…

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: Mrs. Tina bought properties that will amount to P 223,200 in two years and P 450,000 in six years.…

A: Amount in two years is P223,200 Amount in six years is P450,000 Paid Amount today is P340,000…

Q: Sally has a sum of $19000 that she invests at 7% compounded monthly. What equal monthly payments can…

A: Present value (P0) = $19000 Monthly interest rate (r) = 0.00583333333333333 (i.e. 0.07 / 12) Monthly…

Q: how much will she have in her account after 11 years

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: Suzana would like to accumulate RM5,000 in 3 years in a saving account which pays 6% annual interest…

A: A.  Monthly deposit at the end of the month P= PMT * ((1+r)^n-1)/r P= future value of annuity PMT=…

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: Janie deposits $10,000 in the bank today. Starting 3 years from now, she makes equal withdrawals of…

A: The amount at the end of 10 years will depend upon the future values of the deposits and the…

Q: Erica deposits $1,400 at the end of every 3 months in an RRSP that is earning 6.90% compounded…

A: Using excel NPER Function

Q: Jenny has borrowed P 30000 in 1 year and P 80000 due in 5 years. She must pay P 50000 today and the…

A: Interest rate = 6% compounded semiannually Let the amount borrowed in year n = Bn and the amount…

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

A:

Q: blake purchased an annuity that had an interest rate of 2.50% compounded semi- annually. it provided…

A: Solution- 2.50% interest rate semianually=2.52=1.25%=1.25100=1+r6-1=1+r=1.002072Monthly…

Q: Caitlyn has 50,000 in a bank which he invests at 8% compounded semi-annually. What semi-annual…

A: Answer: Calculation of the amount of semi-annual withdrawals for 3 years (Let "P") Formula, we will…

Q: Alex invested a certain amount to a business and promised to pay him back with 2.26 times his…

A: An investor expects that the investment should grow over a period of time to earn returns. The…

Q: 1) Alisha invests 5,000 into an account. The effective monthly interest rate is .25% for the first…

A: Amount available in account after given time period and interest rates is calculated by future value…