What is the principal amount invested if the future value is 3,300 php invested at 10% interest after a year

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: Suppose a bank account pays interest that is compounded 6 times per year. If initial deposit was…

A: Initial amount=P= 1500 Final amount= A= 6000 Time = 4 years  Interest rate = r= ? Number of times…

Q: On January 1st 2021, an amount of 25000 dollars is invested in a tuition savings account and is kept…

A: Given: Amount Invested P=25000 dollars Time t=20 years Interest rate r=4%=0.04 To find : Amount of…

Q: Suppose Ms. Levi would like to save Php 500,000.00 every month in a fund that gives 10% compound…

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Q: Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate…

A: To calculate the accumulated amount after 5 years using compound interest

Q: Suppose that you took out college loans totalling Php 60,000.00 with interest of 7.5%. You have an…

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Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

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Q: What is the future value of a $1000 dollar CD invested at a rate of 4.5% that earned simple interest…

A: Given that: P=initial amount=1000 r=interest rate= 4.5%=0.045 t=number of years= 9  A=annuity=?

Q: Kaya has made deposits of ​$660 at the end of every six months for eight years. If interest is 5​%…

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Q: The payment of 500 php is to be made at the end of every 6 months. How much is its future value…

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Q: What are the future value and the interest earned if $3000 is invested for 6 years at 8% compounded…

A: The future value of an amount P invested at interest rate r (in decimals), compounded n times per…

Q: What amount will be deposited in a bank at 10% compounded quarterly that will accumulate to 125 000…

A: Here Given  Deposited Amount=P Interest Rate=R=10 % =0.1 No of Quarters= 6×4=24 Accumulated Amount=…

Q: Find the present value of 370,000 php due in 2 years if the money is invested at 7% compounded…

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Q: What is the future value of $112,000 invested for 5 years at 9% compounded monthly?

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Q: Find the future value and the interest earned if RM10000 is invested for three years at 6%…

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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: Find the future value and interest earned when RM6 000 invested for 8 years at 12% compounded…

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Q: A savings account may allow the owner to withdraw ₱30,000 semi-annually for 3 years starting at the…

A: We will find out the required amount in savings.

Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

Q: Suppose you invest $500 in a savings account that pays 3.5% annual interest. How much will be in the…

A: Given,          Suppose you invest $500 in a savings account that pays 3.5% annual interest,…

Q: What is the accumulated amount and interest earned if $300 is invested at the end of each month into…

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Q: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

Q: A mutual fund pays 14% compounded monthly. How much should I invest now so that 5 years from now I…

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Q: If $10,000 is intially deposited in an account and left in there for 20 years, what will be the…

A: We use the formula: A=P(e)^rt Where, A=future value P=present value e=2.71828 t=time period r=rate…

Q: If $1000 is deposited in an account earning 1% simple interest, what is the future value in 5 years?

A: Given that, the investment amount I=$1000, interest rate r=1% and time T=5 years. It is known that,…

Q: How much money should be deposited in an account paying 6% interest compounded monthly in order to…

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Q: A mutual fund pays 7% compounded monthly. How much should I invest now so that 2 years from now I…

A: fomula A=P(1+rn)nt

Q: Suppose you want to accumulate 120,00 for your retirement in 30 years. Make a single deposit into an…

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Q: Find the total future value for $3200 invested at 3% simple annual interest for 7 years.

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Q: Find the simple interest on a $200 investment made for 5 years at an interest rate of 8%/year. What…

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Q: On January 1st 2021, an amount of 25000 dollars is invested in a tuition savings account and is kept…

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Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

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Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

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Q: A savings account earns 5% interest each year, compounded monthly. If a person invests $300 and…

A: We need to find balance after 3 years.

Q: Assume that 1500 Php is deposited in an account in which interest is compounded annually for 5…

A: The formula for the accumulated amount is given below: A=P1+rnnt where P  is the present value, r is…

Q: If you made $3,000 a year in contributions to your retirement account starting at the age of 25,…

A: NOTE: Refresh your page if you can't see any equations.   . here we have PMT=3000 n=1 for yearly…

Q: 8. In how many years will Php.17,500 accumulate Php.75,000 if invested at 10% compounded…

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Q: A man will deposit 25,000 each year for the next 5 years in an ordinary annuity account that pays 8%…

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Q: Find the future value of 20000 Rial in 2 years' time if the interest rate is 8% compounded quarterly

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Q: An investment made 7 years ago has accumulated to Php 32,500. How much was invested originally if…

A: Given that : Time = 15/ 2  annually Rate = 13 % annually Amount = 32500 P = ??  By using the…

Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

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Q: Find the future value if $7000 is invested for 7 years at 7% compounded annually

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Q: What is the balance and amount of interest earned if $1000 is invested at the end of each quater…

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Q: Mr. Ribiya would like to save 500,000 for his son’s college education. How much should he deposit in…

A: Compound interest formula: P = P0{1+(r/n)}nt ,where P0 = initial principal balance,     P = future…

Q: In a certain bank, Angel invested 88,000  in a time deposit that pays 0.5% compounded interest in a…

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Q: Calculate the future value after 20 years if $5000 is invested at 3% simple interest

A: As for simple interest A = P + P × r × t100

Q: Suppose that $25,000 from a retirement account is invested in a large cap stock fund. After 30 yr,…

A: here we use the formula to calculate the annual interest A=P ert where A= 193807.3 and P= 25000 t=30…

Q: What are the future value and interest earned if $3000 is invested for 5 years at 8% compound…

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