RM1,800 is invested in scheme A at 10% per annum for 2 years at simple interest while another RM1,800 was invested in scheme B at 10% compounded quarterly. Which scheme will give more profit to investor and find the difference between the interest earned?

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

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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: In preparation for her son's educational tour 18 months from now, Johnny Sins invested $21,000 and…

A: It is given that p=21000, A=35000, t=18

Q: 5. What sum must be deposited today at 18% per year compounded monthly if the goal is to a compound…

A: According to the question: Given   that,Rater=18  %=18100=0.18Compounded  monthly⇒n=12A=50000Time…

Q: 6. How much more money would you have by investing $100,000 for 1 year into an account paying 4.2%…

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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: If an amount of money Pin pesos is invested at r percent compounded annually, it will grow to an…

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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: Suppose that Charles has $75000 to invest. He finds that Company A is offering a 2.51% APY, Company…

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Q: c. Suppose that you had the opportunity of investing $5000 in a business such that the value of the…

A: The amount in a saving account: The total amount will be A. Principle amount, p = $5000 Annual rate…

Q: An employee contributes $350 each month to her 401(k). What will be the value of her 401(k) after…

A: From given, P = $350, i=12%12=1%=0.01,n=360. The amount after n deposits can be calculated by the…

Q: Bank A pays 8% interest compounded annually on deposits, while Bank B pays 7% compounded daily.…

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Q: 3. At a certain interest rate compounded annually, P100,000 will become P450,000 in 15 years. What…

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Q: 1. Jamie is saving ₱10,000 at the end of each month. How soon can she retire if she wants to have a…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

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: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

A: We will find out the required value.

Q: 2. If P6,780.00 is invested for ten years at an annual rate of 8% compounded semi-quarterly.…

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Q: A young couple wants to have a college fund that will pay $35,000 at the end of each half-year for 8…

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Q: OHigginsBooks.com can afford to pay only $3,100 per month to service its debt. What, to the nearest…

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Q: 1. Ken is paying 2,500 every 3 months for the amount he borrowed at an interest rate of 8%…

A: Let us find the loan amount for the following EMI program in the next steps.

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: How long will it take for a $3000  investment to grow to $17,556 at an annual rate of 11% ,…

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Q: How long will it take ​$4,000 to grow to ​$19,000 if it is invested at 5​% compounded​ monthly?…

A: Formulae for compound interest = A=P(1+rn)nt  Where, A=final amount              P=initial principal…

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: Jeanelle is planning to borrow money amounting to ₱ 250,000.00. Limbon Rural Bank is offering 1.25%…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

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

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Q: If $1000 is invested at a rate of 5.60% compounded monthly (n = 12), what is the principal after…

A: Given that P=$1000 r=5.60% n=12, t=4 years The formula for Compound interest is A=P1+rnn.t Where, A-…

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: What amount should a person deposit today in a bank investment that pays 1.13% per month compounded…

A: Let the current funds deposited be X. Now expressing the question as an equation  Current…

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: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

A: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

Q: 2. Suppose Carlo has P34,500 to invest but wants P40,000 for a new pair of branded rubbershoes. He…

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Q: What lump sum should be deposited in an account that will earn at an annual rate of 8%, compounded…

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Q: When I was considering what to do with my $8,000 Lottery winnings, my broker suggested I invest half…

A: Total amount to be invested is 8000 Half of the amount invested in Gold Invested in Gold = 4000 rate…

Q: A person wants to deposit $30,000 per year for 15 years. If interest is earned at the rate of 16%…

A: We will find out the the amount that will grow by the end of 15 years for all given conditions.

Q: Emily Dorsey's current salary is $68,000 per year, and she is planning to retire 18 years from now.…

A: Salary of Emily is $68,000 per year. She will retire after 18 years. Annual increase in salary is…

Q: With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but…

A: Given, P = 25,000 Rate of interest = 4% compounded monthly Time = 1 year To calculate compounded…

Q: Solve the following problems on compound interest. 2. Jenny is planning to deposit P17,000.00 Quezon…

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Q: How long will it take for a $2000 investment to grow to $2984 at an annual rate of 4.6%, compounded…

A: Initial investment = 2000 Final amount =2984 rate of interest = 4.6%= 0.046 compounded quarterly ,…

Q: b. Suppose you as a businessman leave an initial amount of $600 in a savings account at an annual…

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Q: 1. You can make a one-year investment at 7.8% compounded monthly, or 8.1 %compounded semi-annually.…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: It is desired to make an initial lump sum investment that will provide for a withdrawal of P 5000 at…

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Q: 4. Amal wants to have $40000 available for a down payment on a house in 10 years. How much should…

A: Since you have asked multiple questions in a single request so we will be answering only first…

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

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Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

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Q: The interest earned if OMR 250 is invested at a rate of 10% compounded semi- annually for 5 years is…

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Q: 4. a. Suppose that betwee 401(k) and your employer 8.3%compounded annually dollar, after 18 years?

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Q: Bank A pays 4% interest compounded annually on deposits, while Bank B pays 3.5% compounded daily.a.…

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