What rate compounded monthly was charged on a loan of P3500.00 repaid in monthly installments of P107.19 in three years and 3 months?* O 11.03% O 2.15% O 3.68% 6.45%

Q: Nisha takes a loan of $45,000 at 6% per annum for 1^1/2 years. Assuming that the interest is…

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Q: Find the nominal interest rate compounded daily that corresponds to an effective rate of 4 %- 4

A: Effective interest rate=1+rnn-1

Q: A loan of $14400 is to be repaid in end of quarter payments of $600. How many payments are required…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: A student pays back a loan (principal + interest) of $12 344. If it compounded weekly for 4 years,…

A: A=P1+rnnt

Q: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…

A: For compounded monthly, n=12

Q: Find the nominal rate of interest that, when compounded monthly, yields an effective interest rate…

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Q: What lump sum do parents need to deposit in an account earning 13%, compounded monthly, so that it…

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Q: What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded…

A: The formula for annual percentage yield is, APY = (1 + i/n)n – 1, where I is the nominal interest…

Q: 6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?

A: Since there are multiple questions the first questions is answered as per our guidelines. kindly…

Q: You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an…

A: To calculate the present value (amount to be invested) for the given conditions to be satisfied

Q: What nominal rate of interest, compounded monthly, corresponds to an  effective rate of 4.5% ?

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A: Given:

Q: An interest rate of 8% per 6 months, compounded monthly, is equivalent to what effective rate per…

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Q: A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the nominal rate…

A: We use compound interest rates in statistics.

Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: For monthly compound interest, we know, Where,  A = Accumulated amount  P = Principal amount r =…

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

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Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A: Given: i=7%=0.07 which is compounded monthly so n=12

Q: Given: ₱50,000 at 11% compounded quarterly for 5 years. What is the interest rate per conversion…

A: Given that: Principal amount = ₱50,000 Rate of interest = 11% = 0.11 Number of years he amount is…

Q: What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it…

A: This is a question of compound interest. Amount, A =$80000 Rate, R= 11% number of years, n= 13 let…

Q: A major shipping company is planning to purchase new cargo ships. It wants to borrow $1100 million…

A: Here we use compound interest formula to find the interest that company have to pay quarterly.   So,…

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

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Q: What is the annual percentage yield of 5% compounded quarterly?

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Q: Find the effective rate of Interest that is equivalent to an 6% rate compounded monthly. 6.09 % O…

A: Answer is mentioned below

Q: Find the effective rate of interest corresponding to a nominal rate of 11.5% per year compounded…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: What is the annual percentage yield (APY) for money invested at an annual rate of (A) 4.1%…

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Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A:

Q: Find the annual percentage yield for an investment that earns 8% per year, compounded monthly.

A: We have to find the percentage yield for an investment that earns 8% per year compounded monthly. We…

Q: Susan Orman wants to pay $1,550 semiannually to her granddaughter for 10 years for helping her…

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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: Find the annual yield corresponding to a nominal rate of 8 1/2% compounded monthly.

A: Annual yield implies the total amount earned on the investments or deposits done, when the interest…

Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…

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Q: Find the effective rate of the interest that is equivalent to an 9% rate compounded monthly. O 18.81…

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Q: An interest-bearing note for P75,000 requires payment at the end of each quarter for four years. If…

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Q: If you need $50,000 five years from now, what is the minimum amount of money you need to deposit…

A: Let I have to deposit $P  Final amount=A=50000 Time=t=5 years Interest rate=3%=0.03   a) Number of…

Q: Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate…

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Q: Find the missing interest earned.   Principal   Rate   Compounded   Time   Final Amount…

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Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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Q: Jane Frost wants to receive yearly payments of $16,000 for 8 years. How much must she deposit at her…

A: We want to find intereste compound annually.

Q: A couple who borrow $80,000 for 15 years at 6%, compounded monthly, must make monthly payments of…

A: Solution:- Monthly payment=$675.09 rate r=6% compounded annually ⇒R=612%=612×100=0.005   (compounded…

Q: How many months would it take you to repay a $ 5225 loan by making payments of $ 57 at the end of…

A: The formula for computing the number of years required to pay off a loan when payment is made at the…

Q: If an investment grew to $13,500 in 3 years and the interest amount earned was $1,531.34, calculate…

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Q: How much did Speedy Movers borrow for a debt that accumulated to $51,034.26 in four years? The…

A: Given, Amount(A)= $ 51034.26 t= 4 years r= 3.25%= 0.0325 n= 2(semi-anually)

Q: What interest rate, compounded quarterly, is equivalent to a 9.31% effective interest rate?

A:

Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: The compound interest formula is

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A:

Q: What annual compound interest rate is required for a debt of $21,853 to grow into $47,591 in 4…

A: Given: The principal amount is $21,853  and the final amount is $47,591  in 4 years. Formula used:…