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this is a compound interest problem. do this typewritten, please. I will upvote. thank you. no upvote for handwritten
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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?The sum of P15, 000.00, deposited in an account earning 4% per annum compounded quarterly, will become P18, 302.85. Determine the effective rate of interest per year.P200,000.00 was deposited for a period of 4 years and 6 months and bears aninterest of P85,649.25. What is the rate of interest if it is compounded quarterly?
- If Php 1,000 becomes Php 1,811.36 after 5 years when invested at an unknown rate of interest compounded bi-quarter, determine the effective rate of interest.Using the formula for the time value of money, if a sum $15,000 is invested for one year at 10% interest compounded quarterly, the future value of that money is: a. $16557 b. $16600 c. $16500 d. $18000Find 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.
- P15,000 was due on November 3, 2006. If money is worth 14% compounded semi-annually, the loan was released in November 3, 2002? (a.)What is the nominal rate? (b) What is the effective rate? ((c) What is the real interest rate if inflation rate is 4.6% (base rate: nominal interest rate) (show ur solution)The exact simple interest of P7,000 invested from April 28, 2002 to December 25, 2002 is P700. What is the rate of interest? percent=? round 2 decimal placeThe present value of $64,000 to be received in one year, at 6% compounded annually, is _____ (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interes Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 9 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197
- If Php 5,000 becomes Php 9,734 after 12 years, when invested at an unknown rate of interest compounded monthly, determine the unknown nominal rate and corresponding effective rate.The present value of $60,000 to be received in one year, at 6% compounded annually, is _____ (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 9 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197 a.$3,396 b.$60,000 c.$63,396 d.$56,604In 2014, Bank A paid 3% interest, compounded daily, on a 8-year CD, while Bank B paid 3% compounded quarterly. a. What are the effective rates for the two CDs? Use 365-day year. b. Suppose $4000 was invested in each of these accounts. Find the compound amount after eight years for each account. ------------------------------------------------------------------------------------------------ a. The effective rate for Bank A is % (round to 3 decimal places) The effective rate for Bank B is % b. For Bank A, the compound amount after 8 years is $ For Bank A, the compound amount after 8 years is $ (round to the nearest cent)
