Richard has P 7000 invested in a bank, it is compounded bimonthly at 12% on average per annum, find the compounded interest at the end of 8 years.

Q: Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: The amount of deposit = P 17,000 Rate of interest = 7.5% compounded semi-annually  Time period = 5…

Q: Five years ago,Austin invested $7000 at an annual interest rate of 6%, compounded quarterly. He now…

A: Five years ago, Austin invested $7000 at an annual interest rate of 6%, compounded quarterly. He now…

Q: 19. Heather invests $4,900 in an account with a 3.5% interest rate, making no other deposits or…

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Q: Mastura wishes to invest RM8,000 in a fixed deposit account for one year. She has two options:…

A: According to the given information, it is required to tell which bank Allan should choose.

Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: The difference between the future values of a deposit accumulated for 15 years at a rate of 9.5%…

A: Let the amount for the first condition be A1 and for second condition be A2 and let the deposit be…

Q: 13. Prianka invests $5000 at 4% interest compounded annually for 7 years. How much will she have…

A: Given  Principal value   P = $ 5000    , intrest rate   r = 4%   compound annualy      and    time…

Q: 1. Mr. Robert deposits P30,000 in National Bank for 3 years which earn him an interest of 2.8% per…

A: The compound interest formula is given by the equation A=P1+rnnt. Here, A is the accrued amount…

Q: 13. How long will it take for P6,000 to accumulate to P11,300 at 6% compounded semiannually 14. How…

A: The compound interest formula is defined as A=P1+rnnt, where A is the total amount accrued so far, P…

Q: Alexandra invested $1,100 at the end of every month into an investment fund that was earning…

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Q: Rose has saved $160,000. If she decides to withdraw $2500 at the beginning of each month knowing the…

A: From the given, Amount (A) = $160,000 Principle amount (P) = $2500 Rate = 5% per annum Then R =0.052…

Q: What is the amount of premium/discount for a bond with a face value of $100 000 and a bond rate of…

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Q: 3. what is the rate of interest compounded annually is the same as the rate of interest of 8%…

A: Hello. Since your question has multiple questions, we will solve the first question for you. If you…

Q: Jim places $10,000 in a bank account that pays 8.7% compounded continuously. After 2 years, will he…

A: P0=$10,000t=2 yearsr=8.7100 (first bank)

Q: Suppose that you have $8000 to invest. Which investment yields the greater return over 6 years: 5.4%…

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Q: Investment in Sunrise Company is P 100,000 at the end of 5 years plus P 24,000 annually for 4 years…

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Q: You have set up an investment that pays 7% compounded quarterly but requires deposits of $600 at the…

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Q: 28)  A sum of OMR (160000) is invested at an interest rate compounded continuously. After 9 years…

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Q: 4. David, who plans to go to university in 4 years, estimates that he will need $40000. He is…

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Q: The interest rate for a savings fund was 3.40% compounded semi-annualy for the first 4 years and…

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Q: Determine the accumulated value, after five years, of an investment worth ₱12,300.00 if the interest…

A: # we are entitled to solve the three subparts at a time, please resubmit the other parts if you wish…

Q: 1. If P15,000 is deposited in an account that pays 5% compounded annually, how much will be in the…

A: 1. Given that, ₽15,000 is deposited in an account that pays 5% compounded annually. We have, P =…

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 value of $100 at end of 1 year is $110.00 given that the interest rate is 10% per annum,  the…

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Q: Five years ago, Farez invested RM17000 into his account at k% compounded quarterly. Now the account…

A: This problem can be solved using the formula of compound interest.

Q: Suppose that Patty's husband delays starting an IRA for the first 10 years he works but then makes…

A: Solution

Q: How much should a mother invest at the time her son is born in order to provide him with $100,000 at…

A: Given Rate of interest 3% compounded monthly amount=$100,000 n=21 years   To evaluate Principal…

Q: Suppose you are 25 years old and would like to retire at age 60. Furthermore, you would like to have…

A: Given statement is, Suppose you are 25 years old and would like to retire at age 60.Furthermore, you…

Q: 6. Bank A is now lending money at 10% interest compounded annually. The rate at Bank B is 9.6%…

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Q: You invest $10,000 in a rate-riser GIC that earns 3% compounded monthly in the first year, 4%…

A: Given, Total amont invested is $10,000. Now we shall calculate the total interest gained every year.…

Q: Suppose that you have opened a saving account with an initial deposit of $5,600. The account offers…

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Q: (3) (i) What rate of interest compounded annually is needed to make an investment of $6,500…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Bank A advertises a money market account that pays 2.2% compounded quarterly. Bank B advertises a…

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Q: 2. What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per…

A: according to our guidelines we can answer only first question and rest can be reposted.

Q: Jim places $10,000 in a bank account that pays 12.7% compounded continuously. After 2 years, will he…

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Q: 2.1 What amount should be invested at 16.5% p.a, simple interest, so that it amounts to R14500 in…

A: The formula for the simple interest is SI=P·r·t100, where, P is the invested amount, r is the…

Q: Ben initially deposited PhP500,000 in a bank that offers an interest rate of 5% compounded annually.…

A: Given : Ben initially deposited PhP500,000 in a bank that offers an interest rate of 5% compounded…

Q: RM1,800 is invested in scheme A at 10% per annum for 2 years at simple interest while another…

A: Here we have to find out that scheme which will give profit for investor.

Q: Elon Musk asks you to invest $10M in his new cyber scooter product. He promises that he will return…

A: Find the interest rate that so that Jim's offer is better than that of Elon as follows.  Elon asks…

Q: Transcontinental Pipelines is considering a technical process that is expected to reduce annual…

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Q: 3. Abigail wants to save $15,000 to buy a car in seven years. If she deposits $10,000 into an…

A: Continuously compounded interest is interest that is computed on the initial principal amount, as…

Q: 3) (i) What rate of interest compounded annually is needed to make an investment of $6,500…

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Q: On January  1,  2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60 interest. If the…

A: Given that, On January 1, 2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60…

Q: 1. Mr. Raj invested his money amounting to 500,000 in an investment which offers 4% compounded…

A: Given : Mr. Raj Invested his money amounting to 500,000 in an investment which offers 4% compounded…

Q: 7. Suppose that in 1880, one of your ancestors invested $46 compounded semi-annually at 6.5%. If…

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Q: 3. Mr. Greg Greedy deposits GHC56,000 into his savings account at Fairview Bank which attracts an…

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Q: 1 Which of the two rates would yield the larger amount in 1 year: 9% compounded monthly or 9-%…

A: Since you have posted multiple questions, as per our policy we will answer first question. Please…

Q: A businessman wants to have $500, 000 4 years from now. What amount should he invest now if it will…

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Q: hen I was considering what to do with the $15,000 proceeds from my sale of technology ock, my broker…

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