$1,000 $1,000 $1,000 8% compounded annually 9% compounded quarterly 12% compounded monthly 2 4 6 P= ?

Q: If $ 5000 shall accumulate for 10 years at 8% compound quarterly. Find the compounded interest at…

A: Given information is: Principal amount (P)= $5,000 Time period (t)= 10 years Interest rate (r)= 8%…

Q: Mr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000…

A: In the first place, the loan amount is the present value of quarterly payments for 5 years…

Q: A bank is offering a loan of $10,000 with a nominal interest rate of 6% compounded monthly, payable…

A: The nominal interest rate can be any declared rate of interest. The effective rate of interest is…

Q: Q1: A sum of $2000 borrowed at 16% compounded daily for 2 years, state (a) The nominal rate of…

A: Given data: Present value P=$2000 Rate 16% compounding daily. Time t=2 years

Q: invest in a fund the amount of P 200,000.00 earning at 6.5% interest rate compounded monthly; on the…

A: Present worth (PV) is the current worth of a future amount of cash or stream of incomes given a…

Q: Cash Flow Diagram b) manual solution What effective interest rate per year, compounded…

A: Continuous compound interest is based on the fact that a division of the rate by n as n technique…

Q: t refers to the length of time over which interest is charged or earned.   a    Compounding Period…

A: Any amount which is deposited today referred as principal and there is some interest that is earned…

Q: a bank offers 1.2% effective interest with monthly compounding, find the effective rate per annum

A:

Q: A series of cash flows are established on an account as listed below: Payment of P375 at the end of…

A: A lender charges a borrower an interest rate that is a percentage of the principal (the amount…

Q: An amortization of a debt is in a form of a gradient series of ₱5,000 on the first year, ₱4,500 on…

A: Amortization of debt for First-year = 5000 Amortization of debt for Second year = 4500 Amortization…

Q: Fishing Designs has arranged to borrow $15,000 today at 12% interest. The loan is to be repaid with…

A:

Q: man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…

A: *Answer:   According to the question,  Principal = P150,600 Interest Rate = 5.36% = 0.0536 Time…

Q: A series of monthly cash flows is deposited into an account that earns 12% nominal interest…

A: The term “future value (FV)” is defined as the accumulated value of a series of cash flows which are…

Q: A bank advertises quarterly compounding for business checking accounts. What payment and compounding…

A: A bank is a financial institution that is allowed to accept and make loans for deposits. Financial…

Q: Mr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000…

A: Prize of the condominium = Down payment + Present value of quarterly payments.

Q: If money is worth 6% compounded annually, how much can be loaned now if P6000 will be repaid at the…

A: Given  Rate of interest =6% compounded annually Value of present loaned after 8 years =6000

Q: John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with…

A: The loan amount is $10,000, the interest rate is 18%, and the time period is 5 year. Let us consider…

Q: 10. If money is invested at a nominal rate of interest of 8% for a period of 4yrs. (a) What is the…

A: a) The successful interest rate aims to absorb the entire cost of borrowing. It accounts for…

Q: An obligation of ₱20,000 is to be repaid in uniform annual amounts each of which included repayment…

A: Given: The principal amount is = ₱20,000 Time period = 5 years The interest rate is = 10% per year…

Q: .How long it take money to quadruple if it earns 3% compounded daily 16636 days 16637 days 16867…

A: Let the initial amount is x. It will become 4x in n days. Rate of interest is 3% compounded daily.…

Q: RM X was invested in a scheme that pays 3.4% compounded every 2 months. After 3.5 years the…

A: Future value amount includes the principal or invested amount as well as interest .  Therefore the…

Q: d of year annual deposits of P1270 was placed in a fund starting at the end of 1st year. If money…

A: interest rate = 5 % annual deposit for 10 years = 1270 P

Q: Accumulate ₱53,960 at 12.6% compounded semi-annually for 5 years and 6 months.

A: Amount is compounded semi-annually, rate of interest per period is half of annual interest rate.

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: We are required to accumulate an amount of $80,000, therefore, this amount is the future value. FV =…

Q: 1. Total present worth of all cash flows. Is the sum a positive net cash flow or a negative net cash…

A: In this question we have:- a series of cash flows : • a cash flow of P375 at the end of the 2nd,…

Q: You will deposit 11,678 at 10% compound interest for 9 years, and then move the amount you would…

A: here we calculate the amount or money would at the end of the entire period by using the given…

Q: In an ordinary annuity (uniform series of payments) if the nominal rate of interest is 8% compounded…

A: Capital Recovery Factor is referred as a ratio which gives one an idea about the present value of an…

Q: John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with…

A: A loan helps an individual to borrow and spend on his/her current needs. However, an interest rate…

Q: A cash flow series is increasing geometrically at the rate of ​9% per year. The initial payment at…

A: Note:-Correction in Question we consider (First Eight Year) and 5% compounded annually for the…

Q: A contractor obtained a 10000 loan at the rate of 6% compounded annually in order to repair a house.…

A: Amortization is the practice of repaying debt over time in regular interest and principal…

Q: Identify the number of times interest calculated in a year if the interest is compounded every three…

A: when the interest rate is compounded every 3 months then it has to be calculated for 4 times in a…

Q: If $3000 invsted in a compound interest account for 4 years, amounts to $3612, what is the annual…

A: Given, P+I = A = 3612 P = 3000 n = time = 4 years Compound interest Rate = r = ??

Q: A baseball player has signed a new 5-year contract that will pay him $3 Million in year 1,…

A: Given  Length of contract = 5 years so n =5  Yearly payment A = $3 million which increases by $0.5…

Q: An executive invested 1M to an account that earns 8% compounded continuously. Determine the amount…

A: Compounded continuously means interest is calculated continuously for 20 years with 8% per annum .

Q: It takes 10.15 years to quadruple your money if invested at x% compounded semi-annually. Find the…

A: In the mentioned question, Number of years, n= 10.15 years Here qiven, money will be quadruple which…

Q: What uniform annual amount should be deposited each year in order to accumulate 1,000,000 at the end…

A:

Q: An amortization of a debt is in a form of a gradient series of ₱5,000 on the first year, ₱4,500 on…

A: Given value: First year = 5000 Second year = 4500 Third year = 4000 Fourth year = 3500 Interest rate…

Q: the desired accumulated amount is $70,000 after 14 years invested in an account with 2% interest…

A:

Q: The compound interest on a certain sum of money for 2 years is $ 52.00 and the simple interest for…

A: GIVEN      Simple Interest for two years is 50P×T×R  /  100     =  SimpleInterest P×2×R   = 50

Q: A man wishes his son to receive $ 200000 after 10 years from now. What amount should he invest if it…

A: Given the information: Future value of investment = $200000 Time period = 10 years Interest rate =…

Q: What is the future value of $1,540 invested for 5 years at 5% interest compounded monthly? Round…

A: Given: The principal amount is = $1,540 Years = 5 The rate of interest is = 5% compounded monthly To…

Q: An environmental soil cleaning company deposits $2,000 quarterly in a fund that earns 8% compounded…

A: Given -  Quarterly Deposit Amount = $2000 Rate of interest = 8%  Rate of interest per quater = 2% =…

Q: A man pays his debt in the following manner: P1000 after 1 yr., P900 after 2 yrs., P800 after 3 yrs…

A: First-year payment = P1000 Yearly decrease, G = 100 Number of years = 11 years Interest rate, i  =…

Q: a. 4 years at 109% int rest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12%…

A: *Answer:

Q: Investments Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an…

A: Let the interest rate at which $1,000 has been invested be x% Then, the interest rate at which…

Q: You borrowed $100,000 at 6% per year compounded monthly for 48 months. Which is the number of first…

A: Borrowed amount = 100000 interest rate = 6 % compounded monthly time = 48 months therefore the…

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

A: In economics, present value refers to the current value of a future stream of cashflows. The future…

Q: A total of $50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring…

A: Given: The total amount borrowed = $50,000 The amount repaid with = 60 monthly payments The first…

Q: Fishing Designs has arranged to borrow $14,000 today at 15% interest. The loan is to be repaid with…

A: Present amount P =$14000 Rate of interest =15%  End of Year payment at the end of years 1 through 4…