What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6 month compounded monthly ?

Q: If you deposit 9000$ into an account paying 5.5% annual interest compounded semiannually, how much…

A: As we know that the expression for the compound interest is:   A=P1+rnnt   Where P is the principal…

Q: What is the discounted value of ​$1164.00paid at the end of every month for 9 years if interest is…

A:

Q: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

A: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

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: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: Suppose that you borrow ​$3000.00 from a friend and promise to pay back ​$5925.00 in 5 years. What…

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Q: to have that amouni WiieTL I3 10. Berna borrowed from a cooperative Php 180 000 to be paid in 2 and…

A: Solution:

Q: what principal should be deposited at 8.375% compounded monthly to ensure that the account will be…

A: using the formula A=P1+rnnt   given A=$20,000r=8.375% =0.08375n=12 compounded monthlyt=10 years and…

Q: To support his handicapped niece tony made a payment of $1800 at the beginning of every 3 months. If…

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Q: A loan of ₱72,000 after 3 years will amount of ₱128,600 compounded monthly. What interest rate is…

A: A loan of $72,000 after 3 years will amount of $1,28,600 compounded monthly.

Q: What will be the maturity value of ₱16,000 invested for 5 years at 15% compounded quarterly?

A: Formula: The compound interest formula is given by, A=P1+rnnt, where A-maturity value, P-principle…

Q: What single payment today would replace a payment of $1,250 in 2 years and a payment of $5,500 in 5…

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Q: A $18,000 loan is to be amortized for 10 years with quarterly payments of $687.19. If the interest…

A: Given Data: P=Loan amount/ Principal=$18000 R=Rate of interest= 9% N= Number of monthly…

Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

A:

Q: Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for one year. The…

A: We need to find the present value of the loan. Given: Mrs. Dollie availed a cash loan that gave her…

Q: The interest rate on a GIC is 4.50% compounded quarterly. What is the purchase price of the GIC if…

A: Find purchase price of GIC

Q: An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

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Q: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: The Pierras are planning to go to Europe 3 years from now and have agreed to set aside $180/month…

A: Given  The periodic payment $180 per month Periodic interest rate is 2%/year periods per year is 12…

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: what is the simple interest on $15,000 for 3 years at a rate of 4% per year

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Q: 4. A consumer loan of P80,000 is obtained that is due 3 months from now. If interest  rate is 8%…

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Q: A $9,000 loan borrowed today is to be repaid by 3 equal payments due 7 months from now, 3 year and 4…

A:

Q: Determine the yearly payment if Mr. Kofilala takes a loan of 30,00 ghana cedis for 10 years with an…

A: Consider the given information. P=30,000 ghana cedis, r=0.5% per month, t=10 years. The continuous…

Q: How much loan will be extinguished for a monthly amortization of P4, 500.00 at 12% interest…

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Q: The first quarterly payment of $850 in a six-year annuity will be paid 2.5 years from now. Based on…

A: Given data is; A=$850 t=2.5 years r= 3.6 %=0.036 Compounded monthly, thus n=12

Q: 8. A loan of 67,000 pesos is to be amortized by paying quarterly in 1 year. If the money is worth…

A:

Q: How much is the original loan if semi-annual payments of $100,000 are used to repay it at 5%…

A: r= 5% A = amount to be paid =$100,000 P = original amount  t= 8 years

Q: What cash payment is equivalent to making payments of ​$1536.00 at the end of every six months for 8…

A:

Q: Suppose that you borrow ​$4000.00 from a friend and promise to pay back ​$6580.00 in 3 years. What…

A: Given Principle=P=$4000 Amount after three year =$6580

Q: What interest rate was applied if a loan of ₱54,300 will amount to ₱83,000 after 2 years and 6…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=54300 A=83000 t=2 years and…

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: An employee is entitled to a 10 yearly grant of 25,000 pesos each starting at the end of the…

A: In  the question it is given that an employee is entitled a 10 yearly grant of 25,000 pesos starting…

Q: You deposit $ 150 every 6 months into an annuity with an annual interest rate of 13.5% compounded…

A: This is a type of ordinary annuity where payments are made at the end of each period such as…

Q: What is the accumulated value after five years of payments of $20000 made at the beginning of each…

A:

Q: A loan, amortized over 5 years, is repaid by making payments of $600 at the end of every month. If…

A: Loan payment formula: P=PMT[1-(1+rn)-ntrn] where,p=principaPMT=payment r=APR t=number of year…

Q: A debt of $8,800 is to be amortized with 8 equal semiannual payments of $1,417.12. If the annual…

A: SOLUTION-

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $2,000 at…

A: Solution of given question is written in below steps.

Q: 2. What is the monthly payment for a loan of 100,000 over 5 yea nominal interest rate is 12%…

A: This is a problem of financial math, series.

Q: What is the future value of $12,000 invested in an account that pays 4.25% compounded quarterly for…

A:

Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

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Q: A recent graduates student loan total $15,000. If these loans are at 4.6%, compounded quarterly, for…

A:

Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

A:

Q: Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3…

A: Since you have posted multiple questions and we can answer one question. So, answering the first…

Q: What annual rate of simple interest is necessary to give interest of $416 on a principal of $800…

A:

Q: A loan of P 50,000 is-to be amortized by paying quarterly in 1 year. If money is worth 10%…

A: Since you have posted multiple questions and we can answer one question. So, answered question…