1, Suppose that you have PhP 10,000 cash today and invest it at an interest rate of 10% compounded quarterly. How many years will it take you to become a millionaire? 2. What is the semi-annual effective rate of an interest given at 18% compounded bi- monthly? 3. In how much time will the simple interest on PhP 3,500 at the rate of 9% per year be the same as simple interest on PhP 4,000 at 10.5% per year for 4 years?

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Q: years

A: Rate of interest r= 3% compounded annually, Given the t time period,t  = 7 years, Which means…

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A: Simple interest doesn't take compounding into consideration.

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A: Here, To Find: Part a). Amount of deposit each quarter =? Part b). Total money deposited into the…

Q: What is the future value of $1,000 in five years at 8% interest paid semi annually ? Paid quarterly?…

A: Future value is an amount reccievable in future(after certain period)  by investing today. Formula…

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Q: 2. Suppose you put $100,000 in a certificate of deposit with an annual interest rate of 6 percent…

A: 2 (A) $126,247.7 (B) $1,27,048.9 (C) $126,898.6

Q: d it will become $ 6,000 at the end of 4 years, determine the nominal rate of interest and the…

A: The given problem can be solved using using RATE and EFFECT function in excel. RATE function…

Q: Suppose you will need $20,000 in 3 years. How much must you invest per month in order to have…

A: Present value is the current worth of the amount that is expected to be received in future date.

Q: If you deposited sum of 200 JOD at the beginning of each month for 20 Years at an annual interest…

A: There are three number of questions which has been asked by the student but as due to guideline we…

Q: Suppose that a man lends $1600 for 4.3 years at 12% per year simple interest. At the end of the 4.3…

A: Simple Interest  Simple interest refers to the amount of interest that is calculated on the…

Q: how many years your money will be doubled?

A: answer :- c) n= 6.12 years given  present value PV= 10000 rate r=12% future value FV = 2*10000 =…

Q: How much money would you need to place in an account to have $1,000 10 years from today? Assume the…

A: The formula used as follows: Present value=Future value1+innt

Q: Suppose you receive​$130 at the end of each year for the next three years.    a. If the interest…

A: The PV of an asset is the value of all its cash flows today discounted at an assumed interest rate.…

Q: Suppose you want deposit $200 each month into an account earning 3.5% APR compounded monthly. a)…

A: Annuity is a fixed periodic payment made over a period of time, leading to the accrual of a definite…

Q: You would like to have $700,000 when you retire in 40 years. How much should you invest each quarter…

A: Required future Value "FV" is $700,000 Time period of retirement = 40 years Interest rate is 4%…

Q: 1. You invested in an insurance polict that you will pay P3500 monthly for 20 years. The company…

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A: Present value refers to the concept of time, value, and money used for calculating the current value…

Q: Suppose you deposit shs 5,000,000 into an account earning 4 percent interest, compounded monthly. a)…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: Suppose you invested $1000 every 3 months over a 15 year period. If money earns an annual rate of…

A: Compound = quarterly = 4Payment = p = $1000Time = t = 15 * 4 = 60Interest rate = r = 6.5 / 4 =…

Q: 1. If you deposit $28,688 annually at the end of every year in a bank account paying 5% annually,…

A:

Q: If we are investing in an account with an interest rate of 5.7% compounded monthly and we wish to…

A: The amount to be placed in the account today is computed using the present value formula.

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A: The annual deposit is RM10,000. The maturity is 10 years. The interest rate is 8%.

Q: 4. You wish to accumulate RM100,000 at the end of 20 years. To do this, you need to deposit an equal…

A: We need to use future value of ordinary annuity formula to calculate annual payment to achieve goal.…

Q: If you deposit $1000 in one year, $2000 in two years, and $3000 in three years, how much will you…

A: Future value (FV) is the value of an investment or cash flow at a specific point in the future,…

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A: Present value includes the value without interest rate and future value includes the value with…

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A: Here, Future value (FV) = $20,000 Time period = 12 years Interest rate = 6% compounded quarterly No.…

Q: 1.1) For $20,000, you can purchase a five-year annuity that will pay $5000 per year for five years.…

A: Here, Details of 1.1 Present Value (PV) is $20,000 Annuity Payment (PMT) is $5,000 Time Period…

Q: If you invest $1,000 in an account that pays an annual interest rate of 6.4%, compounded monthly,…

A: Computation:

Q: you make monthly 3. Suppose that you have a savings plan that pays 2.5% compounded monthly. You make…

A: Future value is an estimate of future cash values ​​that may be received at a future date,…

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

Q: You deposit $3500 in an account earning 2% interest compounded quarterly. How much will you have in…

A: Deposit amount (P) = $3500 Interest rate = 2% Quarterly interest rate (r) = 2%/4 = 0.50% Period = 18…

Q: 4. How much will you need to invest today to receive $50,000 in 10 years, assuming an investment…

A: Given Information: Future value is $50,000 Rate is 3% compounded monthly Number of years 10

Q: If you put 20,000 in a savings account that pays interest at the rate of 4% compounded quarterly,…

A: Compound interest also called interest on interest. It is the addition of interest in the principal…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$12,000…

A: Given, Amount that can be withdrawn from years 11 to 16 is $12000 Additional amount at end of 16 th…

Q: rate of 9%, compounded quarterly, how much should you invest in the account now?

A: An account provides interest over and above the invested sum of money. The nominal rate is the rate…

Q: How much will a $100 deposit made today be worth in 10 years if interest is compounded daily at an…

A: Time Value of Money states that a dollar today is worth more than sometime in the future. This is…