An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using declining balance method.

Q: Determine the simple interest rate at which $2400 will grow to $2455 in 5 months. (Round your answer…

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Q: After 10 years, you have made 1/3 of the payments. Why isn't 1/3 of the loan balance paid off?

A: We can solve it mathematically and show that after 10 years only a partial principal amount is paid…

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Find the least amount that could be deposited in a bank account today at 10% compounded quarterly to…

A: To  find the present value of the annuity as follows.

Q: Since he was 21 years old, Ben has been depositing $250 at the end of each month into a tax-free…

A: Answer:-        Given,           Regular payment PMT=300     Rate of interest =4.5%/ year…

Q: Determine the simple interest rate at which $2400 will grow to $2532 in 8 months. (Round your answer…

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Q: A bond issued by Live Nation is currently trading at $89.50, pays a coupon rate of 5.625%, and…

A: To find yield to maturity using bond yield calculator enter the following values in bond yield…

Q: If Karen makes an initial deposit of $200000 into a fund, which offers and annual interest rate of…

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Q: A loan of ₱72,000 after 3 years will amount of ₱128,600 compounded monthly. What interest rate is…

A: A loan of $72,000 after 3 years will amount of $1,28,600 compounded monthly.

Q: OHaganBooks.com is seeking a $260,000 loan to finance its continuing losses. One of the best deals…

A: Solve for yhe monthly payment

Q: Find the interest amount of PKR 10 invested at rate of 12% for 12 years under simple interest…

A: First we will recall the simple interest formula and then use this formula to find the interest

Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

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Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…

A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…

Q: Determine the simple interest rate at which $2400 will grow to $2536 in 8 months. (Round your answer…

A: Given: P=2400 I=2536-2400=136 t=8/12

Q: Calculate the rate of simple interest per annum offered on savings of $4,500.00 if interest earned…

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Q: A loan of P72, 000 after 3 years will amount to P128, 600 compounded monthly. What interest rate is…

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Q: If $500 is deposited in an account paying 8.4% annual interest, compounded semiannually, how long…

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Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

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Q: Determine the simple interest rate at which $2400 will grow to $2585 in 10 months. (Round your…

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Q: Salma deposited $2500 into an account with a 3% annual interest rate, compounded monthly. Assuming…

A: Given that  Salma deposited amount (P) = $2500 Annual interest rate (r) = 3% = 0.03 Final amount (A)…

Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

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Q: Calculate the simple interest earned on a investment of  $ 700,000                           after…

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Q: What would be the selling price of a 10-year bond with a face value of P100,000, interest at 20%…

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Q: Faber castle, A manufacturer of pencils, invest P82,000 with interest compounded quarterly for six…

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Q: c) AKZ Sdn. Bhd. bought a company van at a price of RM 150,000. The depreciation rate is estimated…

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Q: A share valued at $256.50 pays quarterly dividends in perpetuity at a rate of return of 3.50%…

A: Given: Dividend:$256.50 i=3.50%  i.e. 0.035 n=2 The effective rate of interest is obtained by the…

Q: What is the accumulated value after five years of payments of $20000 made at the beginning of each…

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Q: Anny takes out a loan of $1,600, at 4% interest, for 42 months. Use the formula  MV = P + I  to…

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Q: What is the purchase price on a car that has a $264 monthly payment for 5 years, financed at 8% per…

A: The purchase of a car that has a $264 monthly payment for 5 years, financed at 8% per year,…

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

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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: Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum. What is…

A: Given :- Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum.…

Q: Calculate the time needed on an investment of 600,000 to gained an interest of 84000of the interest…

A: The formula used is given below I = PRT100 where I is the interest , P is the principle , R is the…

Q: How much should a $10,000 facevalue, zero-coupon bond, maturing in 10 years, be sold for now if its…

A: Face value =$10000number of years, n=10rate of interest, r=8%=8100=0.08

Q: A machine costs $3100 when new, it wears out in 12 years, and its final scrap value is $100.  Under…

A: Please see the attachment

Q: A granite quarry purchased for P1,600,000 is expected to be exhausted at the end of 4 years. If the…

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Q: A certain corporation purchased a machine for plastic lamination of posters for 720,000. At the end…

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Q: John deposited $2500 into an account with a 4.2% annual interest rate, compounded monthly. Assuming…

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Q: Calculate monthly interest for a $3,000 credit card bill with 15% APR using the average daily…

A: According to average balance method  Simple Interest = P * t * r  P = adjusted balance r = annual…

Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

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Q: The loan of $ 700 is expected to be paid in one year as a total of $ 749. What is the annual…

A: Solution

Q: A factory equipment has an initial cost of P200,000.00. Its salvage value after ten years is…

A: Please check step 2 for the solution.

Q: The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature?

A: To Determine: The simple interset on a $7600 loan at 7% per year amounted to $4788. When did the…

Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

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Q: Find the prosent value of $4000 payable at the end of 2 years, If money may be invested at 9% with…

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Q: What is the total investment of $3500 compounded quarterly for 8 years at a rate of 5%? And what is…

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