The latest cell phone sells for P5 000.00 down payment at P900.00 every end of each quarter for 3 years at the rate of 8% compounded semi-annually. Find the cash equivalent of the cell phone.

Q: Mark deposits $1000 each month in a retirement plan paying 7% compounded monthly. How much will he…

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Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

Q: Find the interest rate for each deposit and compound amount. 6) $8000 accumulating to $12,384.48,…

A: Recall the following fact.

Q: An account that pays 6% compounded MONTHLY has $2000 deposited at the end of every month. Find the…

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Q: Jamie plan to make payments of $9000 into a account on the last day of this and every year until his…

A: Consider the given information.

Q: count P10,500 for 9 years and 9 months at 9% compounded monthly.

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

Q: Kathy Crag, the owner of The Fabric Corner, lent $15,000 to Dani Flynn to open her own card shop.…

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Q: An initial deposit of $1300 earns 7 % interest, compounded monthly. How much will be in the account…

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Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

A: You are depositing $550 per month You deposits a total of 40 years.

Q: Find the amount owed at the end of 3 years if $600 is loaned at a rate 3% compounded monthly. (Round…

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Q: What are the semiannual payments?

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Q: Justin received an excellent interest rate for his loan of $7,000. Calculate the nominal interest…

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Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: Alice charged $800 worth of merchandise one year ago on her credit card, which has an APR of 12%…

A: It has an APR of 12% compounded monthly. She made 12 monthly payments of $20, at the end of each…

Q: A P2000 loan was originally made at 8% simple interest for 6years. At the end of this period the…

A: Given that:                  Principal amount, P=P2000Simple interest rate, r=8%Time period, t=6…

Q: brittany made equal deposits at the beginning of every 3 months into an RRSP. At the end of 7 years,…

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Q: Evaristo would like to invest N$ 12,500.00 a month at the beginning of each month at an interest…

A: To find the C.I.

Q: Gregory Mines Corporation wishes to purchase a new piece of equipment in 4 years. The estimated…

A: it is known that  number of compounding factor = lengths of time ×4 given length of time = 4 years…

Q: A contractor bought a concrete mixer at P 140,000 if paid in cash. The mixer may also be purchased…

A: Given : Principal = 140000 Time = 5 years Rate per annum = 8%

Q: What amount should be deposited today to buy for a P 216,000.00 house and lot in 6 years? The bank…

A: We need to find the amount that should be deposited today to buy for a P 216,000.00 house and lot in…

Q: find the least amount  that could be deposited in a bank account today at 12% compounded quarterly…

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Q: A television set is for sale at P13, 499 in cash or in installment terms, P2,500 each month for the…

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Q: Accumulate P56, 000 compounded monthly for 2 years and will repay interest of 10.75%

A: To Accumulate P56, 000 compounded monthly for 2 years and will repay interest of 10.75%

Q: Maria borrowed P10,000 with an interest rate of 12% compounded quarterly which he borrowed from a…

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Q: Alex makes deposits of $270 every month for 3 years into a savings account earning 2.5% compounded…

A: Given: Deposit amount, P=$ 270 Time period, t =3 years Interest rate, r = 2.5 % Compounded…

Q: John made periodic deposits of $300 to Floor Bank, which pays 8% interest compounded semiannually.…

A: Given: The value of Periodic Deposit is $300 The value of Annual Interest Rate is 8.00% compounded…

Q: Ali set up a savings plan with TD Canada Trust whereby he deposits $250 at the end of each quarter…

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Q: Felipe deposited $3000 into an account with a 8% annual interest rate, compounded semiannually.…

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Q: Megan leased a car for 5 years at a rate of 4.80% compounded monthly. It required her to make…

A: Total amount paid after 5 years or 60 months = 665 x 60 = $ 39900 Remaining amount that she can pay…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $431 per month…

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Q: arge and Tom Martin bought a new car for $126,500. They agreed to pay 25% down and make onthly…

A: Given Borrowed amount=126500*(1-0.25)=94875

Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

A:

Q: A service car whose cash price was P540,000 was bought with a down payment of P162,000 and a monthly…

A: Consider the given information.

Q: Calculate the amount of money Daniel had to deposit in an investment fund growing a an interest rate…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: An interest-bearing note for P75,000 requires payment at the end of each quarter for four years. If…

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Q: What is the purchase price on a car that has a $264 monthly payment for 5 years, financed at 8% per…

A: The purchase of a car that has a $264 monthly payment for 5 years, financed at 8% per year,…

Q: Find the value of a savings account with monthly deposits of $200 for two years into an account that…

A: Here we have to find the value of a savings account with monthly deposits of $200 for two years into…

Q: Lori deposited $4,500 into a 30-year retirement account that earns 3% annual interest, compounded…

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Q: In order to help pay for his trip abroad for his spring semester of his senior year in college, Marc…

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Q: For the last 12 years, Colin has contributed $110 each month into a retirement savings account. If…

A: Given that n = 12 years d (amount added every month)= $110

Q: Maria is paying off a loan by making $50 payments at the beginning of every month for 2 years, at…

A: The formula to calculate the amount to be paid after a loan of P amount is taken at the rate of r%…

Q: Mrs. Vicky Guevarra deposited P18, 500 in a saving account on June 30, 2017 at a rate of 6%…

A: Given Mrs. Vicky Guevarra deposited P18500 in a saving account on June 30, 2017. She withdraws all…

Q: Elysa bought a car priced at $8942 for 12% down and equal semi-annual payments for 4 years. If…

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Q: Martina borrowed $8000 at a rate of 6%, compounded quarterly. Assuming she makes no payments, how…

A: Amount = P(1+r/n×100)nt

Q: Ken is paying off a loan by making a $50 down payment and then $50 payments at the end of every…

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Q: Marie bought a laboratory equipment with P25 000 down payment plus 18 months monthly payment of P2…

A: Given that, the down payment of the equipment is P25,000, monthly instalment is P2500, duration is…

Q: Mr. Jolo deposited an amount of P20,000.00 in a bank that gives 3% annual interest compounded…

A:

Q: Carla Tortelli receives pension payments of $4,570.00 at the end of every six months from a…

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Q: Find the amount of money that you will have in the bank at the end of 15 years if you deposit $2,500…

A: Solution: