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- Determine the principal that would have to be invested to provide P200 of simple interest income at the end of two years if the annual interest rate is 9%What is the ordinary simple interest earned on P 35, 000 for the period from April 3, 2020 to October 14, 2020, if the interest rate is 18%?A principal of P27,723 is placed in a saving account at 5.23% per annum compounded annually. How much is in the saving account after 3 years?Write your answer in two decimal places.
- Determine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $10,000 (per year) for six years, starting 12 years fromnow. The interest rate remains constant over this entire period of time.James is offered an investment opportunity with the guarantee that his investment will quadruple in 12 years. Assuming quarterly compounding, what is the nominal interest rate James is getting on this investment?Five annual deposits of P2,300 were made at the beginning of each year in an account that pays7% compounding semi-annually.a. What will be the accumulated amount at the end of five years?b. What is the present worth of the deposits?
- Mika buys a television set from a merchant who asks P1,250.00 at the end of 60 days (cash in 60 days). Mika wishes to pay immediately and the merchant offers to compute the cash price on the assumption that money is worth 8% simple interest. What is the cash price today?Determine the principal P that must be invested at rate r = 3 1 2 %, compounded monthly, so that $500,000 will be available for retirement in t = 17 years. (Round your answer to the nearest cent.)If you obtain a loan of ₱1,000,000 at the rate of 12% compounded annually In order to build a house, how much must you pay monthly to amortize the loan within a period of ten years, starting one year fromnow?
- how much money must you deposit today to an account earning 12% so that you can withdraw P25,000 yearly indefinitely starting at the end of the 10th year?You obtain a loan 1.5 at the rate of 18% compounded annually in order to build a house. The payment is made at the first day of the mont. How much must you pay monthly to amortize the loan with a period of ten yearsSuppose that the interest rate is 10% per year, compounded annually. What is the minimum amount of money that would have to be invested for a three-year period in order to earn P300 in interest?