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- If you borrowed P10,000 from a bank with 18% interest per annum, what is the total amount to be paid at the end of one year?What is the interest earned on the principle of RM18,000 at the rate of 12% for 1 year and 4 months compounded monthly?What is the present value of an investment at 6% annual simple interest if it is worth $832 in 8 months?
- At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to $18,276.04 in 2 years?What capital must be invested to have $ 1,200.00 for one year, which produces 14.8% annual compounding interest for one month?At what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13 in 6 years
- If $6000 is invested in an account. After three years, the account has $7500 in it. If money is compounded monthly, what is the nominal rate?If $14,000 is borrowed for 2 months and $82 is paid, then the annual simple interest rate is ____Suppose an investment of $5000 is made every month in an account which pays an interest rate of 6% compounded semi-annually. What is the value of the investment after 5 years. $348,850 $370,543 $450,135 $348,190
- In how many months will P10,000 earn a compound interest of P2,000 if money is worth 12% compounded monthly?An investment of $2,500 is made for 8 months at an annual simple interest rate of 2.25%. What is the future value of the investment (in dollars)?If R197 is invested at 11% per annum (pa) compounded quarterly and after 3 months the interest rate changes to 9% per annum compounded monthly, what would the value of the investment be after 3 years?
