The accumulated amount of P8000 is P9,829 after 9 years, calculate the interest rate if it is compounded continuously.
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Q: i= 3% A = $2,500 n= 8
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A: intial money = p = 1000 compounded money = 1608.44 number of year = 4 years
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Q: Example: The two cash flows in Figure 3.38 are equivalent at an interest rate of 12% compounded…
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Q: Accumulate P5,000 for 10 years at 8% compounded quarterly. *
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Q: 2. When compounded quarterly P12,000 becomes P 20,415.23 after 4 yrs. What is the nominal rate of…
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A: Principal, P = 1000 Rate of return, r = 8% Time, t = 4 years
Q: How much should be invested to have 7000 pesos after 190 days when invested at 9% simple interest?…
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Q: What is the nominal interest rate if the interest rate of 25% is compounded continuously?
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Q: 1. An investment of ₱ 8250.50 increases by ₱ 10,200.50, if invested at 7% compounded quarterly. Find…
A: Given data:A=P10200.50P=P8250.50r=7%=0.07
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- At a certain interest rate compounded quarterly, 1000 will amount to 4500 in 15 years. What is the amount in 10 years?24 If $210 is deposited in a savings account at the beginning of each year for 3 years and the account draws interest at 4.2% per year, compounded annually, the value of the account at the end of 3 years will be most nearly Express your answer in whole number.How much should be invested to have 7000 pesos after 190 days when invested at 9% simple interest? (1 year = 365 days) (Numerical answer only and whole number, example: 7811)
- If $197 is deposited in a savings account at the beginning of each year for 12 years and the account draws interest at 7% per year, compounded annually, the value of the account at the end of 12 years will be most nearly. Express your answer in whole number. Correct Answer: 3,771 ± 1If you experience an 34 % annual inflation, how long does it take to see your present worth (money today) reduced in half? econA company plans to set aside $50,000 per year beginning 1 year from now for replacing equipment 6 years from now. What will be the purchasing power (in terms of current-value dollars) of thr amount accumulated, if the investment grows by 10% per year, but inflation averages 4% per year.
- The maintenance cost of a new boiler are estimated as follows: $600 per year for the first 3 years, $ X at the 4th year, and $ 1800 per year starting at the 5th year up to the end of its 10-year life. If the present value of all the maintenance is $ 20000, find the value of X. Money is 6% compounded annually.A debt of P100 701.30 is to be paid by 10-end of the year payments. The first payment begins at the end of the 10th year. Find the yearly payment if rate of interest is 8% compounded yearly.engineering economics What is the future value after two years on the basis of compound interest for an amount of $5,000 deposited in a bank that pays annual interest of 10%?
- You invested $18517 for 10 years at 4.92% per annum. How much more would you receive at the end of the period if the money invested is compounded monthly rather than compounded annually? a. 856 b. 322 c. 3574 d. 1759 e. 101121 Determine the interest rate in % compounded annually if the compound amount factor is 1.569 for a period of 6 years. Express your answer in 3 decimal places.At the birth of a girl, what amount should her mother invest in order to provide the daughter with ₱25,000 at the age of 21 years if the money earns 4 and 3/8 % compounded quarterly?a. ₱ 685.23 b. ₱ 10,025.32 c. ₱ 2,801.57 d. ₱ 8,250.50