what is the balance and amount of interest earned if $2500 is invested at 6% compounded monthly for five years?

Q: When will an investment of P 4,000 double if the effective rate is 8% per annum? O a. 8.4 years O b.…

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Q: If an investor invests her money in a project with a 10% annual return. What is her nominal rate  of…

A: Nominal rate of interest is the amount of money generated from an investment before taxes, inflation…

Q: Interest of PhP1,904 was charged on a loan of PHP6,800 for 4 years. What simple annual rate of…

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Q: 1.You deposit $50,000 into a fund that pays 5% per year compounded annually. You plan to make the…

A: Given, P = $50000 R = 5% per annum

Q: Calculate the equivalent present worth (PW) of the following cash flows. Use an interest rate of 8%…

A: Given:  interest rate, r=8%

Q: Two years ago, Snoop Lion deposited P15,000.00 in a fund that earns 10% interest compounded…

A: Given Interest rate = 10% compounded semiannualy 15000 deposited 2-years ago 10000 deposited today…

Q: Determine the present worth of the following cash flows based on an interest rate of 6.76% per year,…

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Q: An engineer who is planning his retirement has decided that he will have to withdraw $10 000 from…

A: To determine the initial sum of money in a retirement account that allows for annual withdrawals for…

Q: ow much will earn in 6 years

A: compound interest:

Q: Q.5 A construction engineer invests a sum of $10 000 in a bank at a nominal interest rate of 16% for…

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Q: If P35, 000 is deposited now into a savings account that earns 6% per year, what uniform annual…

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Q: How many years will it take an investment to triple if the interest rate is 8% compounded monthly?

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Q: A machine is bought at P150,000 with an economic life of 6 years and a salvage value of P5,000. The…

A: Depreciation: every year the value of the machine gets decreases over the usage and time .

Q: What is the present worth of three P50,000 payments at the end of the fourth year, fifth year and…

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Q: A certain sum of money will be deposited in a savings account that pays interest at the rate of 6%…

A: Given FV=5000i=6%n=10

Q: Copy of Find the amount at the end of 5 years and 9 months if P9 000 is invested at 20% compounded…

A: Given,  Principle (P) = P9000 Interest rate (R) = 20% or 0.20  Number of compounding period (n) = 4…

Q: A condominium unit can be bought at a down payment of ₱150,000 and a monthly payment of ₱ 20,462 for…

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Q: If the nominal annual interest rate is 6% compounded monthly, what is the effective quarterly…

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Q: Kindly create the cashflow diagram of the given problem below. What is the future worth of P600…

A: Given that,  A = P600 i = 12%, compounded quarterly n = 12 x 4 = 48

Q: JOSH WANTS TO BUY A HOUSE AND WOULD NEED A $200,000 LOAN. HE WILL AMORTIZE THE LOAN FOR OVER 15…

A: Given, Loan Amount, P0 = $200,000 Time to amortize the loan, T0 = 15 years Rate of interest, R0 = 5%…

Q: If $5000 is invested at 6% annual simple interest, how long does it take to be worth $6800?

A: An amount of X is invested in a firm or in a project and the outturn for the amount is given back to…

Q: What annual interest rate (%)

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Q: 1. How much interest is earned in 4 years on 12,000 deposited in an account paying 4% compounded…

A: Interest per annum = 4% intereset on the amount semiannually (r) = 4/2 = 2% Number of year (n) = 4…

Q: What is the principal amount if the amount of interest at the end of 2 1/2 year is P4,500 for a…

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Q: 4. A man invested PhP 250,000.00 in two business ventures. Last year he made a profit of 15% from…

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Q: The effective annual interest rate is given to be 19.2%. What is the nominal ineterest rate per year…

A: Given  Annual interest rate, i =19.2% =0.192 Required  Nominal interest rate for continuous…

Q: How long will it take for an investment to fivefold its amount if money is worth 14% compounded…

A: Using the formula for compound interest in which money is interested continously.

Q: 6. What size monthly payments should occur when $10,000 is borrowed at 6% per year compounded…

A: Considering A be semi annual payment. There will be 4 semi annual payments. we will divide…

Q: Question 7 A man bought a lot worth P1.1M if paid in cash. On the installment basis, he paid a down…

A: Given  Interest = 16.3 %

Q: How many years will be required for a sum of money to double, if the annual interest rate is 10%,…

A: Amount = A Principal amount = P Rate,r = 0.1

Q: An employee is earning $ 18,000 a month and he can only afford to purchase a car which will require…

A: Given, Monthly amortization (A) = 0.3 x $18000 = $5400 Down payment (D) = $80000 Interest rate (i) =…

Q: Five years ago, you paid 34,000 pesos for a house. If you sold it today 50,000 pesos, what would be…

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Q: 5a. $10,000 is borrowed at 6% per year compounded monthly. What is the effective annual interest…

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Q: Compute the future value of a $1500 deposit, after eight years, in an account that pays a simple…

A: Given:- The present value of the deposit = $1500  The time period of the deposit is 8 years The…

Q: What value of T makes these two cash flow diagrams (see figure) economically equivalent at 15%…

A: Given Annual Interest = 15%

Q: 2. A service car whose cash price was ? 540,000 was bought with a down payment of ? 162,000 and…

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Q: In an effort to pay off the loan quickly, a borrower made four payments in years 1 through 4, with…

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Q: An old building has a future life of 15 years. The rate of interest on capital is 7%. If the…

A: Given data- future life=15 yearsrate of interest i=7%coefficient of annual sinking fund S=0.43

Q: 3. A machine having a first cost of P 60,000.00 will be retired at the end of 8 years. Depreciation…

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Q: A loan was to be amortized by a group of four end-of- year payments forming an ascending arithmetic…

A: Let a1= the first payment = 5000 let d = difference between successive payments = 400 an=a1+n-1d…

Q: 7. If Elvira borrowed P 130,000 from Rona with an interest rate of 12% per year compounded…

A: Given, Interest rate (i) = 12% or 0.12 Number of compounding period (n) = 4 for quarterly

Q: An civil engineer wants to make a lump-sum deposit of $12000 now into an investment account that…

A: Consider the given data P=$12000A=%1300 Per year for 5 yearF= Amount at end of 6 yeari=7% Per…

Q: Show complete solution with cash flow diagram. The annual income from a rented house is $12.000. The…

A: This question is related to Estimation and Costing Engineering. In this problem given about profit…

Q: Q3:How much money must you deposit in year 6 if you deposit $5000 now and you want to have $12,000…

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Q: A company wants to expand its manufacturing plant in 4 years. The engineer estimates the expenditure…

A: This question is related to Estimation costing and Valuation from Civil Engineering. In this problem…

Q: How long will it take you to become a millionaire if you invest P10,000 at 20% compounded quarterly?

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Q: How many years will be required for a sum of money to double, if the annual interest rate is lo%,…

A: rate of interest = r = 0.10  Compounding quarterly = 4 times per year