The effective annual interest rate is given to be 19.2%. What is the nominal ineterest rate per year if continuous compounding is being used?

Q: When will an investment of P 4,000 double if the effective rate is 8% per annum? O a. 8.4 years O b.…

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Q: Compute the future value of a $3500 deposit, after eight years, in an account that pays a simple…

A: Using the formula for simple interest. The interest amount can be calculated.

Q: An asset originally costs P500,000 depreciates in value each year by 10% of its value at the…

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Q: What will be the maturity value of P12 000 invested for 4 years at 15% compounded quarterly? A. P21…

A: Step 1

Q: A Php200000 loan was originally made at 8% simple interest for 4 years. At the end of this period,…

A: Total interest for initial 4 years = P200000 × 8100×4  = P64000  Total amount at the end of 4 years…

Q: . Determine the exact simple interest on P1,000 for the period from January 10 to December 31, 2012…

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Q: Calculate the equivalent present worth (PW) of the following cash flows. Use an interest rate of 8%…

A: Given:  interest rate, r=8%

Q: businesswoman borrowed P200,000 with interest at the rate of 6.9% compounded semi-annually. He…

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Q: The principal sum P is invested at nominal interest rate r, compounded m times a year, for n year.…

A: P - principal sum r - interset rate  n - time (year) m - compounding times a year A - amount at the…

Q: Find the equivalent annual payment of the following obligations at 20% interest rate. End…

A: To determine the equivalent annual payment for the given payments.   Given, End of Year Payment…

Q: Q.5 A construction engineer invests a sum of $10 000 in a bank at a nominal interest rate of 16% for…

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Q: What is the present worth of three P50,000 payments at the end of the fourth year, fifth year and…

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Q: (3 IF Ps.00o accumulates to P&,500.00 when invested at a simple interest for three , what is the…

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Q: Mr. Santos borrowed P30,000.00 two years ago. The terms of the loan are 8% interest for 8 years with…

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Q: A condominium unit can be bought at a down payment of ₱150,000 and a monthly payment of ₱ 20,462 for…

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Q: A P20 000.00 bond is sold now for P18 500.00. Determine the redemption price at the end of seven…

A: Face value = P 20,000  Number of periods = 7 ×2 = 14 periods  Periodic yield = 12%2 = 6% per period…

Q: If the nominal annual interest rate is 6% compounded monthly, what is the effective quarterly…

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Q: Compute the future value of a $3500 deposit made today, after eight years, in an account that pays…

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Q: An amount of Php. 200,000.00 is deposited for a period of 8 years. Compute the interest if it was…

A: Given data: P=Php. 200000 T=8 yrs R=18%     .

Q: Engr. Secula wanted to retire in 20 years with ₱1.5 million. How much must he save annually starting…

A: Given that: Future Worth, F = ₱1.5 million = ₱1500000                   Time period, n = 20…

Q: 2. When compounded quarterly P12,000 becomes P 20,415.23 after 4 yrs. What is the nominal rate of…

A: step 1-

Q: Fifty thousand pesos is deposited annually at an interest rate of 6% per annum compounded…

A: Given:-rate = 6 %P=442488To find:-Number of years

Q: 1. How much interest is earned in 4 years on 12,000 deposited in an account paying 4% compounded…

A: Interest per annum = 4% intereset on the amount semiannually (r) = 4/2 = 2% Number of year (n) = 4…

Q: What will be the effective annual interest rate if the nominal interest is 9.53102%?

A: Given, Nominal interest is 9.53102 % now, asked the effective annual interest rate effective annual…

Q: • A man secured a P 9,178 loan at 3 % interest rate. Find the annual amortization to extinguish it…

A: Given data- Loan amountS=P9,178Rate of interest i=3%Timen=2yrs. To find- Annual amortization(I).

Q: A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount…

A: for first term total payable amount after 6 year=2000*1.086=3173.75 rs

Q: A loan company charges 15% simple interest on P500 loan. How much will be repaid if the loan is paid…

A: An interest rate, principal amount and payback period is given it has been asked to calculate to…

Q: How many years will be required for a sum of money to double, if the annual interest rate is 10%,…

A: Amount = A Principal amount = P Rate,r = 0.1

Q: #20,000.00 borrowed today for 2 years at 5% compound interest will result in how much total interest…

A: Given data: Principal amount (P) = 20,000 Rate of interest (r)     = 5% No. of year (n)           =…

Q: after

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Q: 5a. $10,000 is borrowed at 6% per year compounded monthly. What is the effective annual interest…

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Q: Compute the future value of a $1500 deposit, after eight years, in an account that pays a simple…

A: Given:- The present value of the deposit = $1500  The time period of the deposit is 8 years The…

Q: For a nominal rate of 6% compounded semi-quarterly for 8 years in an ordinary annuity, compute the…

A: Given data- Rate of interest (I) = 6% compounded semi-quarterly Time (n) = 8 years

Q: In an effort to pay off the loan quickly, a borrower made four payments in years 1 through 4, with…

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Q: A man deposits a uniform amount of P 2,500 at the end of each year with interest of 2.50% compounded…

A: The amount is A=2500. The rate of interest is i=2.50%. The time period is n=20 years. The formula to…

Q: A condominium unit can be bought at a down payment of ₱150,000 and a monthly payment of ₱ 23,347 for…

A: FInd the present worth:PV=-150,000+23347PA,312%,10PF,312%,5

Q: A company plans to set aside $50,000 per year beginning 1 year from now for replacing equipment 6…

A: The given data is shown below: Amount=$50,000Time=6 yearsRate of interest=10%

Q: How long in years will it takes money to quadruple if it earns 23% compounded semi-annually?

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Q: 7. If Elvira borrowed P 130,000 from Rona with an interest rate of 12% per year compounded…

A: Given, Interest rate (i) = 12% or 0.12 Number of compounding period (n) = 4 for quarterly

Q: Determine the effective interest rates corresponding to the nominal rates: (a) 7% compounding…

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Q: 4. P60,000.00 is placed in an account at 4% compounded annually for 2 years. It is then withdrawn at…

A: Compound interest and effective interest rate is given by: C.I=P×(1+r100)n-P E.R=(1+rm)n-1 Where, P…

Q: What amount of interest will be charged on PhP7,300 borrowed for 3 years at simple interest rate of…

A: INterest =PTR100

Q: Calculate the total present worth of the cash flow below using an interest rate of 2.8% and when Q…

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Q: Find the amount at the end of 3 years and 6 months if P7,000 is invested at 30% compounded…

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Q: How many years will be required for a sum of money to double, if the annual interest rate is lo%,…

A: rate of interest = r = 0.10  Compounding quarterly = 4 times per year

Q: 9. A cash flow has the following income values: $100 at end of year 2, $200 at end of year 3, $300…

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Q: Compute the future value of the following deposits made today:a. $10,000 at 6.75% compounding…

A: To find:- The future value of the following deposits made today:a. $10,000 at 6.75% compounding…