The value of a CNC milling machine, originally valued at £240000, depreciates 15% per annum. (1)Calculate its value after 10 years. (ii) The machine is sold when its value is less than £125000. After how many years is the machine sold?

Q: Jackson invested $81,000 in an account paying an interest rate of 6,% compounded monthly. Angel…

A: for both Jackson and Angel , P is $81,000. now Time is 16 years. for Jackson Rate, r is 6.5% which…

Q: How much interest will you earn if you invest $5400 for 3 years at a simple interest rate of 4%…

A: We can solve this using simple interest formula S.I.= (P*R*T)/100

Q: What monthly rate of interest is equivalent to 3.6% p.a. compounding semi-annually?

A: = final amount = Principal = interest rate = number of times interest applied per time…

Q: f you invest $9,000 in an account that earns an APR of 3% simple interest, what will be the account…

A: for simple interest  P = $ 9000 r = 3% = 0.03 t = 10 years

Q: A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

A:

Q: How much interest will you earn if you invest $5100 for 4 years at a simple interest rate of 6%…

A:

Q: $30,000 is invested for 15 years with an APR of 4.5% and daily compounding

A: Given information P=$30,000 Rate of interest r=4.5%  ⇒r=4.5100=0.045 Time t=15 years For quarterly…

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

A:

Q: You decide to invest $7,500 into an account that pays 1.1% annual compound interest. How many years…

A: The given problem is You decide to invest $7,500 into an account that pays 1.1% annual compound…

Q: How much interest will you earn if you invest $800 for 3 years at a simple interest rate of 7%…

A: Principal Amount, P = $800 Time, t=3 yrs simple interest rate, r=7%=0.07 To evaluate : The interest…

Q: An Investment of $10,000 yields 8% interest compounded quarterly. What will be the accumulated…

A:

Q: you invest 5,000 in an account that earns an apr of 3 percent with quarterly compounding what will…

A: Principal amount = P = 5000

Q: What principle will amount to $6000 if invested at 4.5% compounded semi-annually for 19 years? The…

A: Given: A=6000r=4.5%=0.045t=19 yearsn=2 ( compounded semi-annually)

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

A:

Q: 2. At an interest rate of 2% per month, the money will double in value in how many months?

A: The compound interest formula for an amount P compounded per month at a rate of r% for n months is…

Q: $10,000 is invested for 5 years with an APR of 2.75% and monthly compounding.

A: The complete solutions are given below

Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

A:

Q: A machine is valued at $10,000. If the depreciation at the end of each year is 40% of its value at…

A: Price at start of first year =$10000 depreciation every year = 40%

Q: an investment earns intrest compounded monthly, for 108 compounding periods. For how long is the…

A:

Q: $2000 is invested for 5 years with an APR of 3% and daily compounding.

A: We have to apply the compound interest formula to solve the given problem.

Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

A:

Q: How long will it take for a ₱30,000 investment to triple if a simple interest of 5% per annum is…

A: Please check step 2 for solution

Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…

A: The initial amount is: $450 The compound interest is: 3.9% The amount interested per annum…

Q: You want to have $400,000 when you retire in 25 years. If you can earn 9% interest compounded…

A: Need to find how much money need to deposit into account to reach goal

Q: Find the value of OMR 20,000 after 4 years invested at a compound annual rate of 6%.

A:

Q: (a) Martha invests an amount of $10000 at 3.5% compounded quarterly. What is the value of her…

A:

Q: What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.19%…

A: We have to find the annual percentage yield (APY).

Q: How much should you invest each month in order to have $500,000 if your rate of return is 2.7%…

A: Given, Compound interest, A=$500,000 Annual interest rate, r=2.7100=.027 Compound per year, n=12…

Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

A: We have to solve the given problem by using compound interest formula.

Q: Ariana is going to invest in an account paying an interest rate of 3.7% compounded monthly. How much…

A: r=3.7%  A=$25000 t=14 years  n=12 (compounded monthly)

Q: 2. $2100 is invested at a rate of 7% compounded monthly. What is the amount after 10 years?

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Lydia is going to invest $210 and leave it in an account for 17 years. Assuming the interest is…

A:

Q: A company needs $3,600,000 in order to expand their factory how much should the company invest each…

A: Given, FV=$3600000 r=9.4%/52 n=52×14

Q: A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded…

A:

Q: A principal of 5500 OMR is invested for 3 years. Find the interest rate required to produce a future…

A: The given principle is 5500 OMR and the future value is 6300 OMR. The time period is 3 years and the…

Q: $2000 is invested for 15 years with an APR of 5% and monthly compounding

A: Given information P=$2,000 Rate of interest r=5%  ⇒r=5100=0.05 Time t=15 years For quarterly…

Q: The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =4%…

A: Given that - Present Value (P) of that cash flow is,FormulaFV/(1+i)^tWhere,FV = Future Valuei = Rate…

Q: Rose invests $ 28,000 at 8 %/a,compounded semi-annually. What is the total amount of the interest…

A:

Q: How much do you have to invest at 2.4% interest compounded quarterly if you need to have $300,000…

A:

Q: What is the value of an asset after 8 years of use if it depreciates from its original value of…

A:

Q: 6. Mateo invested $8000 at 3% interest compounded quarterly. How long will it take for the…

A:

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

A: Interests rate offered by the bank is 8%, and compounded quarterly. We need to find the time…

Q: How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

A: Follow the procedure given below.

Q: An investment earning interest at the rate of r% per year compounded quarterly grew from an initial…

A: Consider that P is the investment amount, A is the final amount. The rate of interest is r%.

Q: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

A: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

Q: A bank deposit paying simple interest at the rate of 8% per year grew to a sum of $1200 in 10…

A: The formula for Simple Interest is given by S.I=PRT100 where P is the principle, R is the rate and T…

Q: If you invest $1,000 at 10% interest compounded every year. a)  How long will it be until your…

A: