What is the simple interest for a principal of $650 invested at a rate of 9% for 5 years ?

Q: 1. Compare the final amounts at the end of a year of $100 invested at 5% in two ways: simple…

A: Note: Since more than one question is posted. I Provide a solution to question number 1. Kindly…

Q: If an amount of $9000 is borrowed at an interest rate of 24% per year for 12 years, how much is the…

A: Simple interest is calculated by multiplying the principal by interest and given years.

Q: Don’s investment amounts to ₱9,800 after 5 years and ₱12,005 after 8 years at the same rate of…

A: Final value after 5 years = P + P*r*5 = 9800....i Final value after 8 years = P + P*r*8 =…

Q: Suppose a principal of 2500 Rials accumulated to 4000 Rials over a period of 8 years. Determine the…

A: The interest rate can be calculated with the help of continuous compounding function

Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…

A: In Simple Interest Case, FV = PV + (PV x r x n) FV = PV x {1 + (r x n)} Therefore, PV = FV / {1 + (r…

Q: Suppose that you deposited $5,000 in a savings account. It has been 15 years and your current…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: What is the interest earned in a savings account after 12 months on a balance of $4000 if the…

A: Since compounding is annually and we have to find the interest earned for 12 months, formula would…

Q: If the interest rate is 4%, what are the proceeds of a $5,000 investment after 10 years? ​a)…

A: Principal = $5000 Time =10 years Interest = 4% Using Simple Interest formula, Simple Interest =(…

Q: How much compound interest is earned on a 6.5-year investment that has a rate of return of…

A: Future value (FV) = $ 9600 Period = 6.5 Years Period in quarters (n) = 6.5*4 = 26 Interest rate = 6%…

Q: You borrow ksh 1,000,000 from a bank for 5 years at 10% compound interest .The loan is repayable in…

A: Present value (PV)= 1,000,000 Time (t)= 5 years Rate (r)= 10% = 0.1   The present value is how much…

Q: Ahlam borrows AED 3,000,000 to be repaid over 6 years at 8 percent. What is the repayment of…

A: An annual mortgage payment is an annual payment that is to be paid for a specific period of time to…

Q: How much principal is needed to accumulate $46,640 in simple interest at 5.8 % for 8 years?

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

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: Suppose you borrow $70,000 at 5.25% annual interest to be repaid with a fully amortized plan over 14…

A: Annual payment (P) on a loan (PV) of $70,000 at an interest rate ( r ) of 5.25% and for 14 years (n)…

Q: 1. A principal of £100 is invested at a rate of 4% per annum. How much money will there be at the…

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

Q: Calculate the present value (principal) of a loan made 4 years ago at 12% compounded quarterly if…

A: Repayment amount (FV) =  $ 9600 Annual interest rate = 12% Quarterly interest rate (r) = 12%/4 = 3%…

Q: What is the compound interest and accumulated value of: 30,000 principal , 7% rate that is…

A: Compound Interest is the interest that is calculated on the initial principal plus the accumulated…

Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A:

Q: Suppose a principal of 2500 Rials accumulated to 4000 Rials over a period of 8 years. Determine the…

A: The nominal rate can be computed with the help of future value function and logarithm values.…

Q: f you borrowed $12,000 for 8 months at 7% annual simple interest, how much must you repay at the end…

A: Interest = Principal * Time * Rate

Q: What will be the ratio of simple interest earned by certain amount at the same rate of interest for…

A: Simple interest is the interest calculated based on the primary value of a loan. Simple interest…

Q: What is the interest earned in a savings account after 12 months on a balance of $1000 if the…

A: Because a dollar on hand now is worth more than a dollar promised in the future, the time value of…

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…

Q: Find the principal needed to get $1400 in 5 years at 9% compounded monthly. Principal = $ %3D

A: Using excel FV function

Q: A business received a for year $2,000,000 loan at an interest rate of 7% per year. The principal is…

A: NPV means PV of amount which is receive or pay in future. NPV can be find by using discounting rate…

Q: A principal of ₱86,000 will amount to how much when invested 2 years and 6 months at 11.25%…

A: To calculate the future value of principal we will use the below formula   Future value = P*(1+r)t…

Q: a. What would be the accumulated amount of the debt in 2 years? Round to the nearest cent b. What…

A: Information Provided: Amount borrowed = $25,000 Interest rate for first 2 years = 4% semi-annually…

Q: A certain amount is invested 5 years and 6 months ago at an interest rate of 8% compounded semi -…

A: Amount invested can be calculated as: = Future value / (1 + rate per period) ^ number of periods

Q: What is $40,000 at 5% compound interest for 3 years

A: Principal = $40,000 Interest = 5% Number of years = 3

Q: What is the future value of $7,200 deposited at the beginning of each year for 7 years earning 8%…

A: Calculation of Future Value:The future value is $69,383.72.Excel Spreadsheet:

Q: If the sum of P12,035 is deposited in an account earning interest at the rate of 9% compounded…

A: In this we have to use future value formula to get the future value.

Q: If I loaned an amount of P10,000.00 with an interest rate of 8.44 % compounded monthly for 5 years.…

A: Loan amount = P 10,000 Annual interest rate (AR) = 8.44% Number of compounding per year (m) = 12

Q: An account earning 6.6% interest compounded continuously for 10 years would have a balance of how…

A: Future value is the future worth of a cash flow at a certain rate of interest rate and time period.…

Q: A $10,000 mortgage bond with a bond interest rate of 8% per year, payable quarterly, was purchased…

A: Payment is made quarterly. So number of periods = 7*4 = 28 Coupon rate per year = 8% Coupon rate per…

Q: A principal, $30, is invested at 6% interest for 2 years. Determine the future value if the interest…

A: Future value  is the worth of any asset or any sum of money at a future date when such asset or…

Q: 1. What is the simple interest for a principal of $650 invested at a rate of 9% for 5 years?

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

Q: What is the total interest paid on a loan of $5,000 at APR = 6% for 4 years.

A: Loan amount = $5000 Interest rate = 6% Period = 4 Years

Q: A principal of $1600 is invested at 5.5% interest, compounded annually. How many years will it take…

A: Present  Value is the concept that states an amount of money today is worth more than that same…

Q: What is the future value of $5,000 invested for 4 years at 7.5% interest compounded continuously?

A: Future value is what money invested today will become over a time at a rate of interest

Q: A nominal interest of 3% compounded continuously is given on the account. What is the accumulated…

A: Given Information: Interest rate is 3% Compounded continuously Present value is 10,000 Number of…

Q: what annual interest rate compounded for two months is it doubled to

A: Time value of money (TVM) means the amount of money received in the present period will have more…

Q: A debt is amortized for 4 years by a series of payments that decreases annually by ₱ 500, the first…

A: First payment = P 5000 Annual decrease = P 500 Annual interest rate = 5%

Q: What is the simple interest for a principal of 560 dollars invested at a rate of 9% for 5 years?

A: The simple interest rate is calculated by multiplying the principal amount with the annual interest…

Q: What is the future value of $1,500 invested today at 7% interest in 6 years with interest compounded…

A: In given question we need to compute the future value of $1500 invested today for 6 years at 7%…

Q: I) A principal of 7650 OMR is invested at rate of 3.7% compounded continuously. After how many years…

A: Principal Amount = 7650 OMR Interest Rate = 3.7% Compounded continously Investment Became = 12250…

Q: What is the principal amount of the investment?

A: Investment refers to those mechanism which is used by the company for the purpose of generating…

Q: Compare the interest earned by $10,000 for five years at 10% simple interest with that earned by the…

A: When an accrued amount is calculated, which includes principal plus interest, it is known as simple…