simple interest
Q: 1. Compare the final amounts at the end of a year of $100 invested at 5% in two ways: simple…
A: Note: Since more than one question is posted. I Provide a solution to question number 1. Kindly…
Q: 4. Deposits of P15,000.00, P18,000.00 and P25,000.00 were made in a savings account 10 years, 6…
A: 8% interest rate Continuous Compounding Deposits: Year's ago Deposit 10 15000 6 18000 3…
Q: 3) $4491 is deposited into a savings account at 4% interest, compounded quarterly. To the nearest…
A: Here, Deposit Amount (PV) is $4491 Interest Rate (r) is 4% Compounding Period (m) is Quarterly i.e.…
Q: Find the present value on January 1, 1992, of the sum which is due on the specified date, if money…
A:
Q: What is the compound amount and compound interest of $36,000 invested at 12% com- pounded…
A: The formulas- Compounded amount = P × (1 + rm)m×t where; P = Principal r = Nominal interest rate m =…
Q: Determine the exact and ordinary simple interest on 500 for the period from Jan 15 to December vear…
A: Interest is the total amount earned on investing particular amount of money. It can be simple…
Q: Determine the exact simple interest on P500,000 invested for the period from January 15,1996 to…
A: The simple interest is the method of calculating interest on investments without considering the…
Q: What was the annual rate of simple interest offered on a savings of $7106 if the amount of interest…
A: What was the annual rate of simple interest:- Given information:- Savings(P)…
Q: 5. P200,000 was deposited on Jan 1, 2008 at an interest rate of 24% compounded semi-annually. How…
A: Compound interest is the method to calculate the total amount on the investment in which the…
Q: PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS 1.- Now find the future or final value…
A: Part(A) $299,105 at 9.75% compounded quarterly for 16 years. Part(B) $320,000 at 8.45% compounded…
Q: If $1,000 is invested today at Bank Alfalah ltd and $1,000 is invested at the beginning of each of…
A: The amount of payments made at the beginning of each year is termed as an annuity due. It indicates…
Q: A principal of amount C is invested today. The compound financial law is applied. For the first 5…
A: BECAUSE YOU HAVE POSTED MULTIPLE QUESTIONS, WE WILL ANSWER THE FIRST QUESTION ONLY, FOR THE…
Q: An amount of P dollars is borrowed for the given length of time with the amount F due at the end of…
A: given data borrowed amount (p)= 2400 due amount (f) = 3744 time period t = 7 years interest rate =…
Q: The exact simple interest of P7,000 invested from April 28, 2002 to December 25, 2002 is P700. What…
A: Formula: Simple Interest = Principal Amount x Time period x Rate of Interest
Q: Elle earns $238.50 in an investment of $1.700 over 1.5 years. What rate of simple interest did the…
A: Simple Interest: It is a method used to compute the value of simple interest charges on a loan. It…
Q: Determine the ordinary and exact simple interest on P5,000.00 for the period from January 15 to June…
A: Principal amount = P 5,000.00 Interest rate = 14% Period from January 15 to June 20 = 156 Days
Q: Using the four methods, find the interest on 6,700 from October 29, 1992 to March 10, 1993 at 7 5/8%…
A: Since you have asked multiple questions, we will solve the first question for you. Please ask…
Q: Suppose that $290,000.00 is owed on a house. The monthly payment for principal and interest at 8.0%…
A: The amount paid by the borrower on the amount owed is regarded as interest rate.
Q: Calculate the compounded interest after 7 years and 9 months if 500,000 is placed at an annual rate…
A: a) Amount invested (A) = 500,000 n = 7 years 9 months = 93 months r = 11.28% per annum = 0.94% per…
Q: What is the future amount of P10,000 if interest is computed using exact simple interest for the…
A: Present value = P 10,000 Period from Jan 15 to Nov 28 = 317 Days Days in a year = 365 Period in…
Q: Find the amount that must be invested at an effective rate of interest of 4% in order to accumulate…
A: Present Value = Future Value / (1+r)^nWhere,r = rate of interest per period i.e. 4%n = no. of…
Q: d) Calculate the present value as at 1 March 2005 of a series of payments of £1,000 payable on the…
A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
Q: Determine the present value amount, using the following partial table of present value of $1 at…
A: Present Value means the present worth of the amount receivable or payable in the future period.…
Q: a Find the amount at the end of 2 years and 8 months if P6,000 is invested at 78% compounded…
A: The conceptual mathematical formula can be used:
Q: A certain amount is invested 5 years and 6 months ago at an interest rate of 8% compounded semi -…
A: Amount invested can be calculated as: = Future value / (1 + rate per period) ^ number of periods
Q: Determine the exact simple interest on P5, 000 for the period from Jan.15 to Nov.28, 1992, if the…
A: Simple interest is referred to as an interest, which is quick and easy method on the loan. Simple…
Q: Using the simple interest formula I= Prt, compute the amount of interest earned on $1141.00 at 8.06%…
A: Interest earned means the amount which has been earned from the investments or from the bank…
Q: Using the appropriate interest table, compute the present values of the following periodic amounts…
A: Formula to calculate present values of the following periodic amounts due at the end of the…
Q: Jaffa invested $700 into an RRSP that earned interest at 7.5% compounded quarterly for three years.…
A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…
Q: 1) If ₱22578 is borrowed for 9 months and ₱555 is paid, then the annual simple interest rate is…
A: Hi student Since there are multiple questions, we will answer only first question. Simple interest…
Q: • The force of interest in the first investment is 6%. The effective rate of interest in the second…
A: Given Information: Amount invested is 100 Force of interest in 1st year is 6% EAR in 2nd year is 5%…
Q: For each of the following cases, indicate (a) to what rate columns, and (b) to what number of…
A: Time value of money: The value of money changes over a period time. The value of money depends on…
Q: Find Simple Interest, A sum of $78000, is invested from March 13 until Dec 20 of the same year at…
A: Formula: Simple Interest = Principal amount X Rate of Interest X Period The number of days from…
Q: What is the amount of interest owed if $7,850 is borrowed at 6.55% for 1 year? Round to two decimal…
A: Interest is the charge paid to the money lender for borrowing something in monetary terms. It is…
Q: If beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest…
A: Interest receivable is the amount which is yet to be received from the amount invested for example…
Q: compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield…
A: Compound Interest is the interest that is calculated on the initial principal and on the interest…
Q: The exact simple interest of P7,000 invested from April 28, 2002 to December 25, 2002 is P700. What…
A: Interest amount (i) = P700 Investment (P) = P7000 Period from Apr 28, 2002 to Dec 25, 2002 (t) = 241…
Q: Determine the exact simple interest on P500,000 invested for the period from January 15,1996 to…
A: Formula: Simple Interest = Loan amount x Interest rate x Time period
Q: The rate of earnings is 6% and the cash to be received in 4 years is $54,159. The present value…
A: Formula to calculate present value in the 4th Year:Present value = Cash received * PVIF factor
Q: Write simple R code, calculate the interest earned on an investment of $2000, interest rate of 3%,…
A: Given Information: Interest rate is 3% Investment amount is $2,000 Number of compounding period is…
Q: 1. What balance will be in an account at the end of 10 years, if € 3 500 is deposited today and…
A: Future value refers to the value of an asset on a specified date in the future. It can be calculated…
Q: Find Simple Interest, A sum of $78000, is invested from March 13 until Dec 20 of the same year at…
A: Simple interest calculated based on principal amount with time period. interest on interest will not…
Q: What is the principal invested at 7.74% compounded semi-annually from which monthly withdrawals of…
A: In this we have to calculate present value FACTOR monthly and determine the money required.
Q: What is the principal amount of the investment?
A: Investment refers to those mechanism which is used by the company for the purpose of generating…
Q: A $2200 certificate of deposit held for 93 days was worth $2250.58. What simple interest rate was…
A: Interest earned = Total amount received - Amount deposited or Interest earned = Amount deposited x…
Q: What is the present value of 6 receipts of $10,000 each received at the beginning of each period,…
A: Present value = Annual amount receipt x Present value factor (9%. 6 years)
Q: What is the future amount of P10,000 if interest is computed using exact simple interest for the…
A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…
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- The exact simple interest of P7,000 invested from April 28, 2002 to December 25, 2002 is P700. What is the rate of interest?Determine the exact simple interest on P500,000 invested for the period from January 15,1996 to October 12,1996, if the rate interest is 9.8%.If a principal of P3840 earns interest of P204 in 3 years and 5 months, what is the simple interest rate in effect? In 2 decimal places in percent
- What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15, 1994 to November 28, 1998, if the rate of interest is 22%.Using the following partial table of present value of $1 at compound interest, the present value of $96,666 to be received 3 years hence with earnings at the rate of 6% a year is Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 A..$61,479.58 b.$76,559.47 c.$66,022.88 d.$81,199.44 please give me answerSuppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the rate of interest? Input your answer in decimals, not percentages. Round your answer to four decimals places.
- Calculate the compounded interest after 7 years and 9 months if 500,000 is placed at an annual rate of 11.28 percent compounded monthly. On January 1, 1988, a total of 5,200,000 was deposited at a rate of 24.50 percent compounded semi-annually. What was the value of the sum on January 1, 1993? 3 decimal placesFor a sum of money invested at 11.5% compounded for 5 years state the following values. i) The number of compounding periods is =? ii) The periodic rate of interest is = %? iii) The compounding factor is (1+?)? iv) The numerical value of the compounding factor is =?1) If ₱22578 is borrowed for 9 months and ₱555 is paid, then the annual simple interest rate is _______%. Round your answer to 2 decimal places. 2) What is the amount due on July 8, 2022, if the present value on July 31, 2021 was ₱20052 at 5.7% simple interest? Round your answer to 2 decimal places.
- What was the annual rate of simple interest offered on a savings of $7106 if the amount of interest earned in 217 days was $181.07? (Round the answer to one decimal place if needed)Find the present value on January 1, 1992, of the sum which is due on the specified date, if money can be invested at the given rate: a. ₱ 2,000 due on July 1, 1994; 9% compounded quarterly b. ₱ 12,000 due on January 1, 2000; 7% compounded monthly.A certain amount is invested 5 years and 6 months ago at an interest rate of 8% compounded semi - annually. The accrued amount now is P 347,054. How much was the amount invested?