You are now about to pay P50,000 to a friend whom you have borrowed some money fifteen months ago. Agreeing to repay it at a simple interest rate of 8%, how much did you borrow earlier then?

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A:

Q: You are now about to pay P50,000 to a friend whom you have borrowed some money fifteen months ago.…

A: The worth of an asset at a future date is called future value. It is the present value multiplied by…

Q: Determine the current amount of money that must be invested at 12% nominal interest, compounded…

A:

Q: You are willing to pay $15,625 now to purchase a perpetuity which will pay you and your heirs $1,350…

A: The present value interest issue of AN regular payment may be an issue that will be used to work out…

Q: What is the amount of interest earned on $2,000 for five years at 10% simple interest per year?

A: here we calculate the interest earned by simple interest so the calculation as follow-

Q: (Using Appendix A) How much will be in the bank account at the end of 15 years if $ 100 is invested…

A: Semi-annual interest rate (i) = 8% / 2 = 4% Number of semi-annual compounding periods (N) = 2 x 15 =…

Q: Compared the interest earned by $13,000 for seven years at 8% simple interest with interest earned…

A: Given:  Principal amount ( P) = $13,000 Interest rate(r) = 8% Time(t) = 7 years

Q: How much money will be in your account three years after the previous deposit? If you make six…

A: Total number of years =  6 years Annual deposits = $6000 Interest rate = 15% Half yearly deposits =…

Q: You were entitled to receive $5,000 at the end of six months for the rest of your life. If the…

A: Given: The future value is = $5,000 Years = At the end of 6 months The rate of interest is = 10%…

Q: What is the present value of a $750 payment when interest is 6.75% in 2 years?     $657.90…

A: we have interest in two years = 6.75% = 0.0675 we have formula for present value of the annuity as…

Q: If you buy a computer directly from the manufacturer for $2,923 and agree to repay it in 36 equal…

A: here we calculate the given by following method as follow;

Q: Which formula is correct for the simple interest calculation? Select one: a. F = P(1+i/n) b. F =…

A: Simple interest is a cost one pays on a loan or earnings  on the savings account. The formula for…

Q: Suppose that you make a series of annual deposits into a bank account that pays 8% interest. The…

A: here we calculate how much would  have immediately after the fifth deposit  by following method…

Q: Sam promises to pay Sandy $2,000 in four years and another $3,000 four years later for a loan of…

A: Interest rate: The real interest rate is the rate of interest that is being calculated in an economy…

Q: 5. Find the present value of an annuity of P30,000 payable annually for 10 years with the first…

A: * SOLUTION :-  (5)

Q: Suppose a relative has promised to give you $1,000 as a wedding gift the day you get engaged.…

A: please find the answer below.

Q: A man borrowed P 1,000 which will be paid after 10 years at an interest rate of 12% compounded…

A: In order to solve the above problem we use the following formulas and logic:  1. We find the future…

Q: If P15,000 is invested in a bank today with a simple interest rate of 9% annually, how much will it…

A: Here, given information is: Money invested today (P): P15,000 Annual interest rate (r): 9% Time…

Q: If you borrow $3,000 at 6% simple interest per year for seven years, how much will you have to repay…

A: Answers   Q1. Option (b) is correct Here we need to use the simple interest formula as below:…

Q: Find the time required for a sum of money to triple itself at 5% per annum compounded continuously?

A: Meaning of Sum of Money: The term sum of money in the form of simple interest refers to the…

Q: If you obtain a loan of ₱1,000,000 at the rate of 12% compounded annually In order to build a house,…

A: Loan Amount = 1000000 Interest Rate= 12% N=10 Years Equal Payment Series =?

Q: Determine the current yield on a bond with a $200 annual interest repayment as well as a $1,550…

A: Bonds are a type of debt instrument that stand in for loans given to the issuer. Bonds are a…

Q: Assuming an interest rate of 8% compounded annually, how much money will be required in four years…

A: A = P(1+r)n where P is principal amountr is interest rate n is time period

Q: P 50,000 was deposited quarterly at an interest rate of 18% compounded quarterly. About how many…

A: Given:  The amount deposited quarterly=P 50000 Interest rate compounded quarterly=18% Future sum=P…

Q: A man deposits P 1,000 at the end of each month for 3 years at a nominal rate of 12% compounded…

A: Given nominal interest rate = 12 % compounded monthly Effective rate = (1 + 12%/12)^1*12 – 1 =…

Q: What is the annual rate of interest (in %) if P275 is earned in 10 months on an investment of…

A:

Q: What is the nominal rate of interest compounded continuously for 10 years if the compound amount…

A: Nominal interest is the interest before adjusting inflation.

Q: Suppose you were promised $400 three years from now and $600 at the end of five years. How much is…

A: Here, we calculate the worth at 12% interest as follow;

Q: Determine the principal that would have to be invested to provide P200 of simple interest income at…

A: The interest rate is the amount charged by a lender to a borrower on top of the principal for the…

Q: If you had BD 4,500 now and invested at 13% interest compounded annually, how much would it be worth…

A: Investment Amount = 4500 r = 13% n = 8

Q: You have borrowed $50,000 at an interest rate of 12%. Equal payments will be made over a three-year…

A: Interest rate is the percentage rate that the lender charges from the borrower against the use of…

Q: What is the ordinary simple interest earned on P 35, 000 for the period from April 3, 2020 to…

A: SI is a method of calculating the amount of interest that must be paid on the principal, and it is…

Q: You deposit $100 today, $200 one year from now, and $300 three years from now. How much money will…

A: Cash flow refers to the quantity of cash or cash-equivalent that a corporation gets or expends as…

Q: At certain interest rate compounded quarterly, an amount worth P8000 will be P20000 after 5 yrs. How…

A: Given  Present value P=8000 Value after 5 years =20,000 Compounded period = quarterly. First we will…

Q: If the difference between Simple Interest and Compound Interest on a certain sum of money in 2 years…

A: Using simple interest formula, interest is calculated as interest =PrtWhere P is principle amount or…

Q: What is the total amount available upon the deposit of the sixth payment if P500.00 is invested at…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Q: Determine the principal that would have to be invested to provide $200 of simple interest  income at…

A: Simple Interest refers to the money that is paid only on principal, or the money which is invested…

Q: You invested $10,000 at 12% interest rate compounded monthly, what is your accumulated amount at the…

A: Present value, P= 10000 n= number of times in a year it is compounded = 12 months t= number of years…

Q: What single payment at the end of year 5 is equivalent to an equal annual series of payments of P800…

A: Future Value: The value of a current asset at a future date based on an assumed rate of growth is…

Q: How much should Jane return at the end of 60 days if she loaned P10,000 from a friend at a simple…

A: The simple interest rate refers to a percentage figure which indicates the proportion of the…

Q: Determine how much is "X" payment to be made 8 years from now, that is equivalent to a payment of…

A:

Q: Q: You borrow $20,000 to be repaid in equal instalments over the following four years. The interest…

A: Installments that will be paid at the end of every year is estimated as follows: Principal=Cash Flow…

Q: Suppose that the interest rate is 10% per year, compounded annually. What is the minimum amount of…

A: Compound interest formula: CI = P(1 + r / n)nt - P Where CI is compound interest  P is Principal,…

Q: At a certain interest rate compounded semi-annually, P5,000 will amount to P23500 after 10 years.…

A:

Q: What interest rate compounded monthly is needed for an amount of P20,442 to increase to P34,904 in 2…

A: Given: Principal amount=P 20442 Future value=P 34904 Number of years=2

Q: Suppose that the interest rate is 10% per year, compounded annually. What is the minimum amount of…

A: please find the needed answer below.

Q: What is the yield to maturity on a simple loan for $5 million that requires a repayment of $9…

A: Yield to maturity is close to the current yield in that it divides annual cash inflows from a bond…

Q: A trust will pay you $50,000 per year for 30 years starting 1 year from now. Assuming an interest…

A: Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and…

Q: Compare the interest earned by $9,000 for six years at 7​% simple interest with interest earned by…

A: Simple interest and compound interest are earned on initial amount deposited but with sufficiently…

Q: the nominal rate compounded monthly which is equivalent to 18% compounded bimonthly. What is the…

A: Answer is given below