Q: A person has 80,000 in a savings account that earns interest at 7% per year, compounded annually. If…
A: Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate 80,000=12000[1-(1.075)^-time…
Q: The Premier Car Title Loan Company makes emergency loans of up to $500 for one month for a fee of 2%…
A: The values given are:- Maximum emergency loan for a month period = $500 Interest on loan = 2% Person…
Q: A company estimates that it will have to replace a piece of equipment at a cost of $800,000 in 5…
A: here we calculate the each payment amount by using the future value so the calculation of the…
Q: At what simple interest rate must ₱100,000 be invested so as to gain an interest of ₱10,000 after 5…
A: We have given that Total simple interest after 5 years =10,000 Deposited amount or principal amount…
Q: the amount of 10000 is borrowed at 30% per annum simple interest , how much will be due at the end…
A: When the final amount is A, the annual interest rate is r, the initial balance is P, and the time in…
Q: A loan was made 3 years and four months ago at 6% simple interest. The principal of the loan has…
A: Given information is: Interest amount (A)=$800 Interest rate: 6% Time period (T): 3.33 The find:…
Q: If $700 is invested at 11% simple interest, calculate its value after 8 years.
A: Below is the given values: Invested money = $700 Simple interest = 11% Time = 8 years
Q: f the nominal interest rate of is 2% per quarter, what is the nominal rate per year $100 of interest…
A: The nominal interest rate (or money interest rate) is the percentage increase in money you pay the…
Q: A 25-year-old person wants to accumulate $750.000 by age 60. How much will she need to save each…
A: Given data: Current age of person is 25 years. Accumulation till age of 60 years from now. Interest…
Q: How much equal amounts of money was deposited each year for 8 years if the account is now worth…
A: Information given is as follows:- Account worth = $20000Total time period = 8 years Interest rate…
Q: How much must be deposited now at 5.875% annual simple interest so that in 2 years and 7 months an…
A: Solution:- Simple interest is calculated with the following formula: S.I. = P × R × T, where P =…
Q: Mr. Doe borrowed $1000 from his bank at 8% per year, compounded annually. He can (i) repay the $1000…
A: Given, Net amount- $1000 Interest- 8% Time- 8 years
Q: A factory operator bought a diesel generator set for P10,000.00 and agreed to pay the dealer uniform…
A: Present value is the current value of a cash flow that will take place at some point of time in the…
Q: Juan makes 10 bimonthly deposits of $500 beginning one bimonthly after today, if the interest rate…
A:
Q: Mr. Reyes borrowed money from the bank. He received from the bank P 17,500.00 and promised to repay…
A: As per the Simple Interest formula , we know that A…
Q: A sum of $2 million now is equivalent to $2.36 million one year from now at what interest rate?
A: Given: Present value (PV) = $2000000 Future value (FV) = $2360000 Number of years (n) = 1
Q: uppose you invested a hundred thousand pesos in an account now. After eight years, you withdrew the…
A: Investment Amount = 100,000
Q: Mary Jane paid P8,200 hundred on September 12, 2011 for his loan of P8,000 made on certain date. The…
A: Given, Amount = P8200 on September 12 2011 Principal = P8000 Simple interest = 5%
Q: The bank chargers a normal interest rate of 16.5%per annum, at a compounded at the end of every…
A: Given: Nominal Interest rate=16.5% Compounding done=at end of every 2nd month
Q: At a certain interest rate compounded quarterly, 2500 will amount to 10500 in 7 years. What is the…
A: The formula to calculate the amount is given by: A = P1+r/41004nwe divide the rate of interest by 4…
Q: If the sum P15, 000.00 is deposited in an account earning 4% per annum compounded quarterly, what…
A: Given Deposited amount =15,000 Interest rate =4% per year compounded quarterly Time =5
Q: Lara deposited 1000 in her bank account at the beginning of every quarter for 9.5 years. Interest…
A: Compounded quarterly "it is the interest amount earned quarterly on an account or investment where…
Q: Using the formula for present worth (1+n)t In how many years will $10000 accumulate to $25000 at 18%…
A: Here we calculate the number of year by using the given formula and information , so the calculation…
Q: QUESTION 1 An interest rate of 38% per year, compounded monthly, is nearest to * per year Enter the…
A: DISCLAIMER :- As you posted multiple questions we are supposed to solve the first one only as per…
Q: Find the uniform annual amount that is equivalent to a uniform gradient series in which first year's…
A: GIVEN First year payment (AL) = 500 Greadient (G) = 1000 Annual Rate of interest = 8%. (i)…
Q: What will be the balance at the end of 5 years for $30,500 now at 10% annual interest, if compound…
A: Future value is the value of current cashflow at future date compounded at specified rate. formula:…
Q: A man borrowed P 100,000 and promised to pay after 5 months at an interest of 8% compounded monthly…
A: I = P(1+ R12)m - P Where I : the compund interestP : The principle amountR : Compound interest rate…
Q: Mr Chen wants to get a lumpsum of 3.5 million pesos when he retires at the end of 20 years. How much…
A: Given, Amount- 3.5 m or 3500000 Time- 20 years Interest 12%
Q: A compound that pays 6% for the first 3 years, 5% for the next 4 years, and 4% for the last 2 years.…
A: Given the deposited amount = (1+9+3)*1000 TL = (13) x 1000 = 13000TL Total number of years = 9…
Q: Approximately, what is the value of PG (present worth of arithmetic gradient) if G=205, n=11 years,…
A: The Arithmetic gradient means a change from one period to another with the constant number. In our…
Q: A parent on the day the child is born wishes to determine what lump sum would have to be paid an…
A: The rate of interest could be a proportion of the principal—the quantity borrowed—that a investor…
Q: What is the ammount of interest earned on $10,000 for 12 years at 9% simple interest per year?
A: Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and…
Q: If a bank gives an interest rate of 5% annually. What is the sum of money after 2 years if the…
A: Interest rate of bank = 5% Difference between compound interest compounded annually and the simple…
Q: At what annual interest rate is $500 one year ago equivalent to $600 today?
A:
Q: A person is planning for saving he has 10 more years of service,he would like to deposit 20% of the…
A: Given; Amount invested= 4000 Annual increase in deposit= 500 Time, n=10 years Interest rate= 15%
Q: Please provide a complete solution. Thank you! If you deposit 500 pesos at the end of each year…
A: The correct answer is given in the second step.
Q: Find the uniform annual amount that is equivalent to a uniform gradient series in which the first…
A: Annual interest rate: It is the rate of interest over a period of one year assuming that the…
Q: Which of the following 1-year investments has the lowest rate of return? (a) $24,500 that yields…
A: Interest rate: - it is the percentage charge on the principal amount by a lender to a borrower.
Q: What amount would have to be invested at a simple interest rate of 2.85% to grow to $2529.28 in 150…
A:
Q: Suppose that $5000 is deposited in a saving account at the rate of 6% per year. Find the total…
A: Given: Principal = $ 5000 Rate of interest = 6% per year Time = 4 years n = 365 ( since it is…
Q: Mr. Ahmed deposited $200,000 in the Old Third National Bank. If the bank pays 3% interest, how much…
A: Given information Initial deposit=$200,000 r= 3% n=10 Future values are the compounded value of the…
Q: if $ 5000 shall accumulate for 10 years at 8% compounded quarterly, what is the compound interest at…
A: Compound interest formula ( for quarterly compounding ) A = amount at the end of time period A = P…
Q: A future amount F, is equivalent to $ 1,500.00 now when six years, separate the amounts and the…
A: We are given, Principal amount (P) = $1500 Annual interest rate (r) = 12% = 0.12 No. of years (t) =…
Q: A man borrowed P 100,000 and promised to pay after 6 months at an interest of 8% compounded monthly…
A:
Q: Convert an interest rate of 1.5% per month into a nominal interest rate over the following time…
A: Nominal rate of interest is the rate which is actually earned on an investment.
Q: What is the present worth of ₱ 500 deposited at the end of every three months for 6 years if the…
A: Present value (PV) of the equivalent quarterly payment can eb calculated by using the following…
Q: A nominal rate of 12 % compounded _____ is equal to an effective rate of 12.65 %.
A: The real return on a savings account or any interest-paying investment when the outcome of…
Q: A person deposited the 57,000 TL he saved each year for 5 years at 16% compound interest.…
A: Future value = annual deposit x F/A(i%, N)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- 5000 is invested at an interest rate of 15% per year compounded quarterly. what is the quarterly interest rates? what is the effective annual interest rate? what is the value of the investment after 6 quarters?A person deposited the 57,000 TL he saved each year for 5 years at 16% compound interest. Accordingly, how many TL will he receive from the bank at the end of 5 yearsA credit card has interest rate of 12% per year ( Annual Percentage Rate). It is charging the interest rate that is daily compounding. What is the effective interest rate?
- A principal of $100 is invested at 8% for 2 year. Determine the future value if the interest is compounded (a) Annually (b) semi-annually (c) quarterly$9000 is deposited into a savings account at the end of each year for 20 years. If the account pays 10% interest per year, how much value will the account have at the end of the 20 year period?The buyer of a certain machine may pay either P50k cash down payment & P10k annually for the next 5 years, or pay P60k cash & P10k annually for the next 5 years, 2 years after. If money is worth 12% compounded annually, which method is better for the buyer and by how much?
- Jose graduated in engineering 5 years ago. His employer will give him a raise of $8,000 per year if he passes the PE exam (Professional Engineer). (a) Over a career of 30 years, what is the present worth of the raise if the interest rate is 7%? (b) What is the future worth at year 30?Mary plans to borrow $10,000 now to start a business. She promised to repay the entire principal plus 6% per year interest. How much does she need to pay after 5 years?An employee borrowed P700, 000 with 12% interest compounded semi-annually promised to pay every 6 months for 8 years starting today. What amount should be pay annually?
- An investment plan pays 15% per year, compounded annually. How much would have to be investedevery year so that $40000 will be accumulated by the end of 10 years?What is value of $475 at interest rate of 3.7% after 15 years?If you are able to save $4400 in year 1, and amounts increase by 2.6% each year through year 19 at 10.5% per year interest? Provide answers to the following questions. Effective interest rate (%) per year 10.5 Total number of saving amounts 19 Last Saving amount ($) 0 Present worth of all saving amounts ($) Accumulated saving amount just after the last saving is made ($) 0 Числовой Поставьте ответ в каждом поле ввода.