Principal: $16,900 Interest rate: 12% Compounded quarterly   Calculate the effective rate (APY) of interest for 1 year.

Q: Accumulate 1,200 for 26 years and 3 months at 5 ½% compounded quarterly

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

Q: The principal amount is P7000 at 6% compounded bi-monthly. Compute for the interest after 9 years.

A: Total interest rate for 9 years= (1+r/n)t*n -1 Where, r = rate of interest = 0.06 n = number of…

Q: At what effective annual rate of interest i will a payment of $7,000 accumulate to $8,179.57 in 4…

A: An effective annual rate is defined as the rate of an interest, which is actually earned on…

Q: Bloom Corporation issued the following Face Value: $12,000,000 Stated Rate: 6.00% Effective Rate:…

A: Given information : Face value  $ 1,20,00,000.00 Stated rate 6% Effective rate 6.25% Term…

Q: # 7 A debt of P10,000 with interest at 6 % payable quarterly will be discharged, interest included,…

A: A loan refers to the amount of money which is being borrowed by one party say borrower  from another…

Q: James's student loan of $28,500 at 3.12% compounded quarterly was amortized over 5 years with…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. If…

A: FV of annuity = P * [(1+r)^n-1] / r Where, P = amount of each deposit r = rate of interest per…

Q: A debt of $13,800 with interest at 4% compounded semi-annually is repaid by payments of $1,950 made…

A: An amortisation plan is a full table of annual loan payments that shows the amount of principal and…

Q: How much interest is earned in 4 years on P8,000.00 deposited in an account paying 6% interest,…

A: Compounded interest is a method of calculating interest on debts where interest is paid on interest…

Q: A 37000 loan at 8.2% compounded semi annually is to be repaid by equal semi annual payment over 10…

A: Amortized Loan is a type of loan in which the borrower would pay periodic payments that are applied…

Q: Quarterly payments of $ 4,000 at the end of each term for 4 years. Interest rate = 7% compounded…

A: Quarterly payment (Q) = $4000 n = 4 years = 16 payments Interest rate = 7% per annum Let's calculate…

Q: 3. P10 000 deposited every quarter for 12 years at 6% per year compounded quarterly. *

A: Quarterly deposit (D) = P 10,000 Period = 12 Years Number of quarterly deposits (n) = 12*4 = 48…

Q: Solve the following problem. 1. Compute for the compound amount and compound interest on 1, 250, 000…

A: We need to use compound interest formula given below to calculate compound amount and compound…

Q: The maturity value of a savings account that belonged to Peach Company was $47,333.50 The interest…

A: Given that: Future value = $47,333.50 Interest rate (First 4 years) = 4% compounded semi annually…

Q: 10) $350 is deposited at the end of each month for 4 months at 8% per year compounded monthly. What…

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

Q: A principal of 2450 Rials is invested at rate 5.25% compounded quarterly. After how many years the…

A: Given in the Question Principal = 2450 Riyals Rate = 5.25% Compounded Quarterly

Q: The monthly payment is $430.33. What is the total interest paid on a loan of $5,000 at APR = 6% for…

A: Monthly payment = $430.33 Number of monthly payments = 12 Loan amount = $5000 Interest rate = 6%

Q: A $33,950 loan at 10.6% compounded semiannually is to be paid off by a series of $4,000 payments…

A: use NPER function in excel.   1. Type =NPER and press tab key. 2. Type 10.6%/2,  (this is the…

Q: Marpole Carpet Cleaning borrowed $7600 from Richmond Credit Union at 8% compounded quarterly. The…

A: Borrowed Amount = $7600 Rate of Interest(r) = 8%  Compunded Quarterly                            =…

Q: periodic deposit at the end of each month if financial goal is 1,000,000 at 6 25% rate compounded…

A: Future value =1,000,000 Rate =6.25% Monthly rate = 0.0625/12 =0.52% Time =40 years So, monthly…

Q: A loan of $28,100 at 4.28% compounded semi-annually is to be repaid with payments at the end of…

A: Present value of annuity Annuity is a series of equal periodic payment at equal interval over a…

Q: 7,500.00 is deposited in a savings account at 6.5% rate of interest compounded quarterly for 25…

A: The amount of money invested over a period of time with the assumption of investment growth at a…

Q: For 20-year, $100,000 loan at 4.5% APR (same as above) what portion of the monthly payment in Month…

A: A loan is a borrowed amount by one person from another person. The borrower expects to pay a…

Q: At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded…

A: Quarterly deposits (D) = P36,000 Interest rate = 6% Quarterly interest rate (r) =…

Q: Discount 18,600 due at the end of 28 years and 4 months at 9% compounded monthly

A: The discounted value of a future payment can be calculated with the help of present value

Q: Compound Interest If $10,000 is invested at 12%interest, compounded monthly, find the interestearned…

A: Step1: Introduction Compound Interest: It refers to interest payments that are made on the sum of…

Q: A debt of 20,000 with 12% interest compounded semi-annually is to be amortized by semi-annual…

A: Semi-annual payment is the amount of money that is to be received or deposited every six months.

Q: Loan Amortization A debt of $2000 with interest at12%, compounded monthly, is amortized by…

A: Loan amortization: Amortization is the payment of debts over a period in regular installments or…

Q: Principal is $32,000    Interest Rate is 7%    Time is 3 years Total Amount Owed (includes…

A: Interest expense = Principal* Rate* Time

Q: An investment of $4,000 accumulates at a force of interest δt = 0.022t. Calculate the annual…

A: In order to solve for the rate of interest it is important to solve the equation given.

Q: William's student loan of $24,500 at 3.22% compounded quarterly was amortized over 6 years with…

A: The present value of loan is equal to the sum of the present values of all future monthly…

Q: Aaron's student loan of $24,500 at 3.32% compounded quarterly was amortized over 5 years with…

A: Loan Amount is $24,500 Interest rate is 3.32% compounded quarterly Time period of loan is 5 years…

Q: Break down installment No. 3 into principal and interest for a debt of $12,000,000 payable in 16…

A: An amortization table is a schedule that shows periodic lease or loan payments. The periodic payment…

Q: A $14,000 loan at 6% compounded monthly is repaid by monthly payments over four What is the size of…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the…

A: Solution:- When a loan is taken, it is to be repaid in lump sum or in installments. If it is paid in…

Q: A debt of $42 500.00 is repaid by payments of $4850.00 made at 3) the end of each year. Interest is…

A: a) Number of payments can be calculated as follows: The answer would be:

Q: Calculate the annual end‐of‐year loan payment.

A: Loan refers to the net amount of borrowings that a borrower needs from the lender in order to fund…

Q: A Php 111,205 was loaned at an interest rate of 0.06.  7 annual payments has to be settled, the…

A: Here, Loan Amount is Php 111,205 Interest Rate is 6% No. of Annual Payments required is 7 First…

Q: Cameron's student loan of $28,000 at 3.72% compounded quarterly was amortized over 5 years with…

A: We can find the remaining balance on a loan either by creating an amortization table or using a…

Q: Compound Interest If $12,000 is invested at an interest rate of 10% per year, find the amount of the…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: A debt of $13,000 with interest at 5% compounded semi-annually is repaid by payments of $1,850 made…

A: Interest rate is given as 5% compounded semi annually Converting it to compounded quarterly…

Q: A company issues a $10,000 two-year, 4% note payable, repayable in 8 quarterly installments with…

A: Firm issues various securities to collect the funds. Note payable is short term agreement to pay the…

Q: 100 is deposited into an account at the beginning of every 4-year period for 40 years. The account…

A: The question is based on the concept calculation of future value by use of annuity due method.

Q: Deposits of $100 per week are made into an investment account that pays interest of 6% per year…

A: Given information: Deposit amount $100 per week Interest rate is 6% Compounded quarterly

Q: A debt of $22,000 with interest of 10% compounded quarterly is to be amortized by  payments of…

A: Total installment amount includes the interest expense as well as a portion of the principal amount.…

Q: Aubrey Daniel’s savings account has a principal of $5,725. It earns 4% interest compounded quarterly…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Deposit $10,000 in account with 7% annual interest compounded monthly.  What is the balance after 3…

A: Solution:- When some amount is deposited, it earns some interest. The amount at the end along with…