What amount would have to be invested at the end of each year for the next 8 years at 4% compounded semi-annually in order to have P5,000.00 at the end of the time

Q: Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15% compounded semiannually and…

A: Given: Jomai borrowed P 6666.00 for t=2.5 years and the interest rate 15%(compounded semiannually),…

Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…

A: The formula to calculate amount to be deposited in the account is shown belowwhere A is the…

Q: By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it…

A: The compound interest is given by:

Q: A fund of 25000 is to be accumulated by means of deposits of 1000 at the beginning of every year as…

A:

Q: How much will need to be invested at the beginning of every 2 months at 7.7% compounded every 2…

A: So the formula will become,

Q: Ms. Newman had a P55,000 business loan that is to be paid in 8 months. If interest  rate is 12%…

A: Note: As per company guidelines we are supposed to solve only 1 question. So, kindly repost other…

Q: Rose has saved $160,000. If she decides to withdraw $2500 at the beginning of each month knowing the…

A: From the given, Amount (A) = $160,000 Principle amount (P) = $2500 Rate = 5% per annum Then R =0.052…

Q: Jim places $10,000 in a bank account that pays 5.8% compounded continuously. After 2 years, will he…

A: Initial amount = P= 10000Interest rate = r= 5.8% = 0.058Time = t= 2 yearsWe use continuous compound…

Q: How long will it take to save $20,000 by making deposits of $100 at the end of every month into an…

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Q: 3. At a certain interest rate compounded annually, P100,000 will become P450,000 in 15 years. What…

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Q: Jane Adele deposits $400 in an account at the beginning of each 3-month period for 10 years. If the…

A: Given that, Jane deposits $400 in an account at the beginning of each 3-month period for 10 years.…

Q: Jim places $10,000 in a bank account that pays 8.7% compounded continuously. After 2 years, will he…

A: P0=$10,000t=2 yearsr=8.7100 (first bank)

Q: f $5000 is deposited at the end of each half year in an account that earns 6.2% compounded…

A: answer is in next step

Q: What lump sum do parents need to deposit in an account earning 9%, compounded monthly, so that it…

A: The formula to find the amount that aggregates in the account for the principal amount P at a…

Q: At the time of her grandson birthday a grandmother deposits 10000$ in an account that pays 2.5%…

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Q: You have set up an investment that pays 7% compounded quarterly but requires deposits of $600 at the…

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Q: A young couple wants to have a college fund that will pay $35,000 at the end of each half-year for 8…

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Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: How long will it take for a $3000  investment to grow to $17,556 at an annual rate of 11% ,…

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Q: Suppose a young couple deposits $800 at the end of each quarter in an account that earns 7.8%,…

A: Calculation: Since the deposits is made quaterly, the total number of periods for the first 3 years…

Q: Luis has $120,000 in his retirement account at his present company. Because he is assuming a…

A: Given that, Luis plans to roll over $120,000 to a new account. Luis also plans to put $3000/quarter…

Q: How long will it take P10,000 to accumulate to the amount of P11,000 at 12% compounded monthly?…

A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

Q: Jeanelle is planning to borrow money amounting to ₱ 250,000.00. Limbon Rural Bank is offering 1.25%…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: 4. In how many years is required for P4,000 to increase by P9,000 if interest is at 11% compounded…

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Q: The bank is offering a special rate of 4.5% to anyone willing to invest $10,000 for 5 years,…

A: Here, principal (P)=$10,000               Time (t)=5 years rate of interest (r)=4.5%=4.5100=0.045…

Q: A company needs $7,300,000 in 15 years in order to expand their factory. How much should the company…

A: Given: Required amount A=7,300,000 Number of years, t=15 Rate of interest, r=4.1% Number of times…

Q: Jackson deposits $50 at the end of each month in a savings account earning interest at a rate of…

A: Saving plan Formula :F=PMT1+rnnt-1rnwhere F = future valuePMT = Periodic paymentr = annual…

Q: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

A: John had a loan where two payments were required: $1000 in 14 months and $1000 in 18 months. Instead…

Q: Harry is 30 years old and plans to retire at age 70 years with $1,200,000 in his retirement account.…

A: We have given A=$1,200,000  ,r=2.75% t=70-30=40 years compounded quartly (n)=4we know the formula…

Q: A person wishes to have $15,000 cash for a new car 5 years from now. How much should be placed in an…

A:

Q: If you were to invest $200 at 4% interest compounded annually or each year, what would be your…

A: We shall use formula for compund interest. P= initial amount A = total amount after t years…

Q: Suppose you invest $160 a month for 6 years into an account earning 6% compounded monthly. After 6…

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Q: RM1,800 is invested in scheme A at 10% per annum for 2 years at simple interest while another…

A: Here we have to find out that scheme which will give profit for investor.

Q: Kevin invested $2,500 in an account paying an interest rate of 2.7% compounded daily. Assuming no…

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Q: For how long must a deposit of P10,000 be left at an account giving interest at an annual interest…

A: According to the given information, it is required to determine the time required to accumulate the…

Q: 4. Brian wishes his son to receive P500,000.00 twenty years from now. What amount should he invest…

A: Brain wishes fis son to receive P500,000.00 twenty years from now.

Q: With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but…

A: Given, P = 25,000 Rate of interest = 4% compounded monthly Time = 1 year To calculate compounded…

Q: Alex and Toni are twins. After graduation and being finally able to get a job their plan for…

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Q: What single payment in two years would replace a payment of $18,650 due one year ago and a payment…

A: The compound interest formula is defined as, A=P1+rnnt where, P=principal amountr=interest…

Q: 9) If Juan invests $7,000 at 6% annual interest rate compounded semi-annually Tor 12 years, how much…

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Q: It is desired to make an initial lump sum investment that will provide for a withdrawal of P 5000 at…

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Q: What lump sum do parents need to deposit in an accounting earning 12%, compounded monthly, so that…

A: Given  r= 12%=0.12  total amount A = $50,000 t= 17 years  P= principal amount

Q: 2. Find the compound amount on deposit at the end of 1 year if P20 000.00 is deposited at 4%…

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Q: Amanda is going to invest. Assuming an interest rate of 1.66% compounded annually, how much would…

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Q: A company wants to have $40,000 at the beginning of each 6-month period for the next 4 1 2 years.…

A: Given: Cash flow per period is $40,000. That is pmt = $40,000 Number of years are 412 compounded…

Q: To prepare for an upcoming equipment purchase, the finance team at Canada Wire Corp. has invested…

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Q: Maryam is planning to invest P150,000. Bank A is offering 7.5% compounded semi- annually while Bank…

A: The principal will be equal to 1,50,000 . From bank A , The rate = r               =7.5%…

Q: A businessman wants to have $500, 000 4 years from now. What amount should he invest now if it will…

A:

Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: interest rate  r=8%  =0.08 1st year withdrawal=$3000 according to question, subsequent withdrawals…