. P5000 is borrowed for 75 days at 16% per annum simple interest. How much will be due at the end of 75 days?

Q: The cash flows have a present value of 0. Compute the value of n, assuming a 10% interest rate.

A: To solve this question, we will use the annuity formula:  FV=A1+rn-1r Here, the FV is the future…

Q: To making a robotic hardware for computer integrated manufacturing systems (CIM), Digital Devices…

A: Compound interest is the rate of interest that is calculated on the principal amount by taking into…

Q: Given an effective interest per annum of 20%, compare the compound amount at the end of 10 years of…

A: An effective interest per annum of 20%, which is =(1+ i/n)^n −1 where: i=Nominal interest rate…

Q: An employee borrowed P700, 000 with 12% interest compounded semi-annually promised to pay every 6…

A: Compound interest (also known as compounding interest) is the interest on a loan or deposit computed…

Q: What is the present equivalent value

A: Given the weekly balance deposit is $ 359. Time period (t) given is 5 years.   APR (rate of…

Q: Mary invested $7500 in an account and received $8250when she closed the account3 years later. What…

A:

Q: You take out a 30 year mortage at an annual interest rate of 6% which you will repay in monthly…

A: A mortgage is a type of loan specifically used to purchase real estate, such as a home or a piece of…

Q: condominium unit can be bought at a down payment of 150000P and a monthly payment of 10000P for 10…

A: A1 = 150000 A2 = 10000 n = 10 i = 0.01

Q: If the accumulated amount is P13500 at 4% compounded annually. Calculate the principal amount after…

A: Interest rate is the price of money . Compounding interest rate means interest on interest. It is…

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: We know that a certain piece of equipment will cost $275,000 in 6 years. How much must be deposited…

A: Answer - Given in the question - Cost = $275,000  t =6 years  interest rate = 8% Need to find -…

Q: An engineer deposits $3,000 into a saving account at the end of the first year. He w increase the…

A: Present value is the value of some amount of money at the current time.

Q: Jay wishes his son, Jayson to receive 1000000 twenty years from now. What amount should he invest…

A: Future value = 1000000 Interest rate compounded annually = 12% Interest rate componded monthly =10%

Q: How much money would you need to deposit today at 9% annual interest compounded monthly to have…

A: Given information, Future value (FV): $12000 Interest rate (r): 9% Compounded period in a year…

Q: A bonus package pays an employee S500 at the end of the 1* year, $1,000 at the end of 2nd year, and…

A: here we calculate the present worth of the employee by using the given information , so the…

Q: convert 16% compounded monthly to equivalent nominal rate which compounded daily.

A: Compounding period is nothing but the number of times in a year where the interest is added to the…

Q: Rich wants to have $25 000 in 5 years for a down payment on a house. How much should he invest today…

A: Given:Face value (FV)=$25,000Interest Rate (i)=6.25%Number of Years (n)= 5yearsCompounded Quarterly…