What amount must be invested to accumulate to a value of $11 900 in 180 days if the interest rate is 7%

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…

Q: If the nominal interest rate is 3%, how much is $5000 worth in 10 years in a continuously compounded…

A: The account value in 10 years is computed using the Future Value formula with continuous…

Q: Find the future value of an account if the present value is $172.39 at 6% interest for 700 days.

A: Future value of investment is the value received after putting some efforts and time in the…

Q: How many years will P100,000,000 earned a compound interest of P100,000 if the interest rate is 7%…

A: Present value is the value of the future expected/calculated amount as of today.

Q: what is the nominal rate of interest compounded continuously for 8 years if the present worth factor…

A: Continuous Compounding N = 8 Present Value factor = 1.7506725

Q: Suppose that an investment promises to pay a nominal 9.6 percent annual rate of interest. What is…

A: According to the rule, we will answer the first three subparts, for the remaining subparts, kindly…

Q: 9-1 If you invest $500 today in an account that pays 6 percent interest compounded annually, how…

A: 1 PRESENT VALUE 500   INTEREST RATE 6%   YEARS 2   PMT 0 2 FUTURE VALUE 1000…

Q: $4200 is invested for 9 months at an annual simple interest rate of 12%. How much interest will be…

A: Simple interest is interest calculated on the principal investment, i.e no interest will be…

Q: 4. If P3,200 is invested for 1 year at 9% compounded monthly, what is the compound interest on the…

A: In this question, we are required to compute the compound interest.   Compound interest: Compound…

Q: What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000…

A: given  interest rate = 6% PV = 11000

Q: What is the future value in 4 years of €1,000 invested in an account with a stated annual interest…

A: Amount Invested is 1,000 Time period is 4 years Interest rate is 10% To Find: Future Value…

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: Interest is the cost of borrowing or lending money.

Q: d it will become $ 6,000 at the end of 4 years, determine the nominal rate of interest and the…

A: The given problem can be solved using using RATE and EFFECT function in excel. RATE function…

Q: 1. How long will it take for your P18,000 to be doubled if invested at 3% simple interest?  2. The…

A: Simple interest formula: Amount Received=Principal×1+rate×time

Q: Finance. Suppose that $7,600 is invested at 3.9% annual interest​ rate, compounded monthly. How much…

A: Answer

Q: How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid…

A: Future value refers to the value of a current asset on some future date affected by the interest…

Q: If a sum of $3000 is borrowed for six months at 9 percent simple interest per year, what is the…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: 1. An investment account was opened with an initial deposit of $9,600 and earns 7.4% interest,…

A:

Q: 1. How much was borrowed if a simple interest rate of 7% was offered payable in 12 months with…

A: 1) Simple interest rate (r) = 7% n = 12 months = 1 year Interest = P 150 Let the amount borrowed = X

Q: 14.If a principal of $700 amounts to $1100 after six years of investment, then what annual interest…

A: Uisng the rate function

Q: 6. An investment of P3,000,000.00 earns interest of 9% compounded continuously. the effective rate…

A: Effective interest ratee is the interest considering the impact of the compounding on the interest…

Q: How much is the principal that brings an interest of 400 liras in 5 months with an interest rate of…

A: Interest indicates the additional amount over the principal value of loan or advances which is…

Q: consider a $5,600 deposit earning 10 percent interest per year for 10 years. What is the future…

A: Deposit  amount = $ 5,600 Interest rate = 10% Period = 10 Years

Q: What is the future value of $400 deposited for one year earning an interest rate of 9 percent per…

A: Amount Deposited = $400Interest Rate = 9%Period = 1 year

Q: Calculate the time it will take for an investment of $25 000, invested at a simple interest rate of…

A: Simple interest is interest earned on the 'initial' principal amount invested at the simple interest…

Q: The present value is Php 16,300.00, the interest rate is 9% compounded monthly for 6 years. What is…

A: Here, Present value is Php16,300 Interest Rate (r) is 9% Compounding Period (m) is Monthly i.e. 12…

Q: . A sum of $145,000 is invested now and left for 8 years, at which time the principal is withdrawn.…

A: As there is more compounding more is effective interest rate and more is for monthly compounding.…

Q: 1. The Lexington Property Development Company has a RM10,000 note receivable from a customer due in…

A: Present value is the value of an investment in today’s time. It helps to make decisions better.

Q: How much would be the accumulated amount if P2, 047,000 is invested in 2 years, 2 months with…

A: Simple Interest is method of Interest computation where interest is simple calculated on initial…

Q: Imagine that you have $7,000 to invest for 9 years. How much more interest will you earn if you…

A: Interest is the cost of borrowing or lending the money.

Q: What is the future value of $14,000 invested for one year at an interest rate of 5% p.a.?

A: Future value (FV) is the technique to calculate the future value of a current investment at some…

Q: Calculate the future value (FV) in 6 years time of £600 invested at 12% nominal annual interest, if…

A: Future value is the compounded value of a present sum of money compounded at a given interest rate…

Q: Using exact interest, what is the amount due on Php 20,000 invested at 0.09% simple interest for 150…

A: Given: Interest rate =0.09% Days = 150 Days Amount = Php 20,000

Q: What is the present value of 5,275 due in 6 months if 11% interest is paid

A: Future Value = (P * R * T) + PWhere P = Present ValueR = Rate of InterestT = Time Period

Q: Determine the total amount if P11, 500,000 is invested in 2 years, 5 months with interest rate of 13…

A: Time has been precious in all perspectives, however in terms of finance, the time has a monetary…

Q: What is the present value of an investment at 6% annual simple interest if it is worth $832 in 8…

A: Future value (S) = $832 Time (t) =  8 months (8/12) Rate (r) = 6% (0.06) Simple interest (I) = Prt

Q: 14. If a principal of $700 amounts to $1100 after six years of investment, then what annual interest…

A: Using excel RATE function

Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: hat is the present value of a $2,800 deposit in year 4 and another $3,300 deposit at the end of year…

A: Present value refers to the present or current value of a desired sum of money which is evaluated on…

Q: A debt of $200,000 is accruing interest at 9% compounded daily. If it is to be repaid by monthly…

A: in this we have to calculate present value FACTOR and period required.

Q: How do you calculate the present and future value in months? Example: Calculate the FV of :…

A: Present Value:- Present Value(PV) is the discounted value of an amount or annunities or cashflows of…

Q: Determine the total amount if P11,500,000 is invested in 2 years, 5 months with interest rate of 13…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: If you invest $2,589.70 in an account earning an annual interest rate of 2.539% compounded monthiy,…

A: In order to achieve a goal in future, an investment can be made at present date so that when the…

Q: What will $142,000 grow to be in 6 years if it is invested today in an account with a quoted annual…

A: Present value (PV) = $142000 Interest rate = 14% Monthly interest rate (r) = 14%/12 =…

Q: Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at…

A: Future value = Present value * (1 + rate*time)

Q: Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12%…

A: Solution:- When an amount is borrowed, it can either be repaid as lump sum payment or in…

Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: 2. $4200 is invested for 9 months at an annual simple interest rate of 12%. How much interest will…

A: Given:Principal amount=$4200Interest rate=12% annuallyTime period=9 monthsTo compute amount of…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.