Q: 5. Find the amount due at the end of 15 months whose present value is $ 2,000 at 5% simple interest.
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: How long will it take for $5,000 to double when invested at 8% compounded quarterly?
A: Formula for compound interest is A = P(1=r/n)^(tn) Where n is the compounding frequency P is the…
Q: Would you rather have $1,000 today or $1,250 in 3 years at a 8% annual interest rate compounded…
A: Future value can be calculated by using the following formula.
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A: Given Mahmood deposits $1100 into an account in every 3 months. The bank pays him 6% compounded…
Q: A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at…
A: semi annual payments = 1000 Time = 3 years Interest rate = 12 % Semi annual rate = 12/2 = 6 %…
Q: A bank is advertising 9% accounts that yield 9.344% annually. How often is the interest compounded?…
A: Solving with explanation
Q: You want to buy a $32,000 car. You can finance the car for 1.5% interest for 6 years. What is your…
A: The formula for monthly payment is calculated as follows: Monthly payment = Pr121+r12n1+r12n-1 where…
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A:
Q: How long should ₱50,000 be invested at 6% compounded semi-annually if it should earn an interes
A: Principal amount is given which is equal to 50,000. We are required to find out the number of years…
Q: A mortgage of 190000 is required to purchase a house. The mortgage will be repaid with equal monthly…
A: The mortage amount (present value) = $190000 Total intallment period (n) = 25 years x 12 Months =…
Q: MARIE PURCHASED A LOT AND AGREED TO PAY $1,600 A MONTH FOR 15 YEARS. IF MONEY IS WORTH 9% COMPOUNDED…
A: According to the given question:- Future value of the amount will be = R[(1+i)^n -1]/1 R = Regular…
Q: An investor needs 41,000 in 15 years. What amount should be deposited in a fund at the end of each…
A: Fund: It refers to the amount of that is deposited by people at various places that provides them…
Q: a. To pay $500 at the end of each month for a period of 10 years with an interest rate 12%…
A: The formula for compound interest is the following - A = P * (1 + r/n)^nt where A is the amount or…
Q: A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at…
A: semi annual payments = 1000 Time = 3 years Interest rate = 12 % Semi annual rate = 12/2 = 6 %…
Q: You deposit $2000 in an account earning 8% interest compounded continuously. How much will you have…
A: When you earn compound interest, you earn interest on both the money you've saved and the money…
Q: 19. Each year a single payment of P5000 is deposited in an account that earns 16% compounded…
A:
Q: How many years will it take an investment to triple if the interest rate is 8%compounded?
A: The rule of 115 can be used to calculate the number of years that take an investment to triple.
Q: State the amount accumulated by each of the following present investments:(a) $5,000 in 6 years at…
A: The future value can be calculated as follows. The calculated value shows the amount accumulated in…
Q: A series fequal quarterly payments of $5,000 for 10 ears is equivalent to what present amount t an…
A: here we calculate the given by following method as follow;
Q: Which of the two rates would yield the larger amount in 1 year? (A) 2% compounded quarterly B) 2.02%…
A: Answer to the question is as follows:
Q: If $2500 is deposited at the end of each quarter in an account that earns 3% compounded quarterly,…
A: Annuity(A) is the series of regular income(Y) received on an initial investment(I) for a given…
Q: What effective interest rate per quarter is equivalent to 10% per year compounded monthly
A: Meaning of Effective Interest Rate: The term effective interest rate is the payback…
Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…
A: We use the rule of 72 here. Rule of 72: Years to double the principal = 72/Interest Rate
Q: How long (in years) will it take to quadruple it earns 0.08 compounded semiannually?
A: Given interest rate = 8 % compounded semiannually Semi annual rate = 8 / 2 = 4 % The rule of 144 The…
Q: A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at…
A: Given: The series of semi-annual payments of = $1,000 Years = 3 The rate of interest is = 12%…
Q: 2. Convert 12% compounded semi-annually to "r" compounded quarterly.
A: The formula for effective rate of interest is: r = 1+inn - 1
Q: At 10% compounded annually, how long will it take for money to double itself?
A: Given: Interest rate = 10% (in percentage) To find out how long will it take for money to double…
Q: Determine the effective interest rate for the following cases a.10% compounded weekly b.10%…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: 8 years ago, a man borrowed P 150,000 from a bank with an interest rate of 8% compounded quarterly…
A: Given Borrowed amount = 150000 Time = 8 years Interest rate = 8 % compounded quarterly Present value…
Q: Accumulate $ 300 for nine years at 6% compounded quarterly. What is the compound interest earned?
A: Given information: Principal amount (P): $300 Interest rate (r): 6% Time period (t): 9 Compounding…
Q: How many years will it take an investment to triple if the interest rate is 8% compounded…
A: Compound interest refers to the adding of interest to the principle amount of a loan or deposit, or…
Q: What annual nominal rate compounded semiannually has the same annual percentage yield as 13%…
A: Let r be the annual nominal rate of interest compounded annually. Therefore, APY=1+rnn-1 And APY of…
Q: Suppose you make equal quarterly deposit of $ 1,000 into a fund that pays interest rate of 12%…
A: Quarterly deposit = 1000 Interest = 12% Balance at the end of 3 years = ?
Q: What effective annual interest rate corresponds to the following situations? a. nominal interest…
A: a) Given data: Nominal interest rate i=5% Compounded semi annually.
Q: Lia wishes to have $3000 after 3 years in an account that draws 6% nominal interest compounded…
A: In this question we have to find out the principal value with the help of the above information.
Q: Jesse wanted to double his money at 3% annual interest compounded monthly. How long will it take to…
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Q: How much do eight ₱ 69,058 quarterly payments amount at present, if the interest rate is 3…
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Q: 42. Find the equivalent rate of interest of 9% compounded quarterly to an interest rate compounded…
A: Given interest rate = 9 % compounded quarterly Quarterly rate = 9 % / 4 = 2.25 % Annual effective…
Q: How long would it take an investment to triple if the interest rate is 6% compounded annually?
A: Answer Given in the question - Interest rate = 6% = 0.06 Need to find - Time for investment to…
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Q: How long will an account invested at 11.5% compounded yearly be tripled?
A:
Q: (ou have just taken out a mortgage for $5 75,000, at a fixed rate of 4.75% per rear, compounded…
A: The term mortgage refers to a loan used to purchase or maintain a home, land, or other types of real…
Q: how long does it take for an investment to double at 1.4% compounded continuously
A: Continuous compounding is the numerical furthest reaches that accruing funds can reach if it's…
Q: What amount a man deposit each year so that he can withdraw P 50 000 at the end of ten years. If the…
A: Given information, Future value (F): P 50,000 Time period (n): 10 years Interest rate (r): 6%…
Q: What interest compounded 10 times a year is equivalent to an interest rate of 5% compounded…
A: Compounding Interest rate = 5% quaterly
Q: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…
A: Pieces of information given in the question: Annuity = $5000Annuity made = QuarterlyTime = 10…
Q: Calculate the amount of money that must be deposited today in a savings account that pays 15% annual…
A:
Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?
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- Jesse wanted to double his money at 3% annual interest compounded monthly. How long will it take to double your money?9. Accumulate $ 300 for nine years at 6% compounded quarterly. What is the compound interest earned?How long your money would double its amount if you invested at 5%compounded annually?
- At 10% compounded annually, how long will it take for money to double itself?How long will an account invested at 11.5% compounded yearly be tripled?You want to buy a $32,000 car. You can finance the car for 1.5% interest for 6 years. What is your monthly payment? Assume monthly compounding. Do not enter the negative sign from your calculator (if there is one) or the dollar sign. Round to two decimal places.
- To have a total of $10,000 after 8 years, what principal do you have to deposit in a 4.5 percent saving account compounded monthly?Find the nominal interest compounded quarterly equivalent to 12.00% effective interest?Does the compounding increases the amount of interest paid over a year atthe same nominal interest rate?
- Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.How many years will it take for an investment to be twice its value if it earns 8% compounded annually?How many years will it take an investment to triple if the interest rate is 8%compounded?