1. Accumulate P 3,000 for 9 years at 6 percent interest compounded quarterly. How much is the compound interest earned?

Q: If one makes quarterly deposit of $1250 into an account that pays interest at a rate of 6%…

A: Given,  Quarterly Deposit= $1,250 Monthly Interest Rate=6% Therefore, Quarterly Interest Rate=…

Q: Explain the true effect of more frequent compounding on annual interest amounts?

A: With more frequent compounding, the returns are higher. With the increase in compounding periods,…

Q: 2. A savings bank offered you 6% nominal interest compounded every 2 months You deposited $4,000. a)…

A: here we calculate the future value and the effective interest rate of the following , so by using…

Q: 1. Nick will invest $1,000 in his savings account. His bank pays a yearly interest rate of 6%. a.…

A: Here, given information is: Principal amount (P): $1,000 Interest rate (r): 6% yearly Time period…

Q: 1 You deposit $17,000 in a retirement account on your 25th birthday, and you plan to retire on your…

A: Here we calculate the following by using the given information , and conclude the answer so the…

Q: You want $1,000,000 in the bank when you retire in 35 years. How much should you deposit each year?…

A: We want $1,000,000 in the bank at the time of retirement. Interest rate is 10% Here we have to…

Q: Question: Below is a chart of three different interest rates valid over a five- year period. $2146…

A: Whenever an investor decides to invest in a project that will generate an income, they will consider…

Q: What is the future value of $3,000 saved for 6 years at 4% interest

A: FV = PV ( 1 + r )^t FV = Future value PV = present value i = interest rate compounded annually t =…

Q: Would you rather have $1,000 today or $1,250 in 3 years at a 8% annual interest rate compounded…

A: Future value can be calculated by using the following formula.

Q: 3. Don Blaza bought a property for 300,000 down payment and the balance in 10 deferred semi-annual…

A: Here we calculate the given by following method as follow;

Q: Question 1: If you borrowed 18000$ at 4% annual interest. You agreed to repay the loan with five…

A: Answer; 1)Total Interest: $2,216.44 2)Interest= $448.82Principal=$3,594.47 3)Balance after 3rd…

Q: not use ai please

A: To determine how much of payment 90 will go towards paying interest for a loan of $73 ,000 at 10 .5%…

Q: How much money will be in a bank account at the end of 15 years if $100 is deposited today and the…

A: Deposit refers to the amount of money that is kept in the bank for safekeeping. Banks pay interest…

Q: How many years will it take for an investment to be twice its value if it earns 8% compounded…

A: We use the rule of 72 here. No. of years needed to double any investment = 72/ interest rate

Q: 14. Compute for the effective annual interest rate if nominal rate is 7% compounded continuously.…

A: Given that,  Nominal interest rate (i) = 7% or 0.07 compounded continuously.

Q: 18.b

A:

Q: Compute for the effective interest rate per monthl Nominal rate= 2.35% compounded yearly

A: The effective annual interest rate refers to the return on an investment or the rate owed in…

Q: What equal monthly payments will repay an original loan of $1,000 in sex months at a nominal rate of…

A: The rate of interest is divided into two forms: effective interest rate and nominal interest rate.…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 4 years…

A: Because compounded bimonthly; thus we will compute to compound six times annually.   Effective…

Q: account today that earns 5.5% interest compounded monthly if you want to have $1500 saved in 2 years

A:

Q: 2. Which of these gives the highest effective rate of interest? 16.35% compounded twice every month…

A: An effective interest rate is defined as an interest rate, which is applied on loan or financial…

Q: 7. Calculate the effective annual interest rate of the following: a. 12% compounded annually b. 12%…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: Please answer completely and clearly. , year יויויויויי in millions whatis the future worth of these…

A: We have given the cash flow in which yearly payment is made but the rate of interest is compounded…

Q: What is the balance in an account at the end of 10 years if $25,000 is deposited today and the…

A: Compound interest is computed on both the principal and the interest earned over a period of time.…

Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: We use the rule of 72 here. Rule of 72: Years to double the principal = 72/Interest Rate

Q: 2. How much must be deposited at the end of each 3 months at 8% interest compounded quarterly to…

A: Future value = 90000 $ Time = 7 years Interest rate = 8 % compounded quarterly Quarterly rate  = 8 %…

Q: 5. Liezel deposited 500,000 cash a gift to her brother but her brother has to wait until the amount…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: 1. How much must you deposit each year to have $20,000 at the end of 15 years with money worth 7%?

A: Future value = 20000 $ Time = 15 years Interest rate = 7 %

Q: 1. A man wishes his son to receive P200000 ten years from now. What amount should he invest if it…

A: Given :               F = P 200,000               n = 912 Compound interest for first five years :…

Q: How much money will be in a bank account at the end of 15 years if $100 is deposited to day and the…

A: From given information we have to calculate the amount that will be in bank account after 15 years…

Q: Find the present value of a perpetuity payments of P 600 every 3 months with 6% compounded…

A: here we calculate the present value of perpetuity payment y using the present worth formula and…

Q: How much is accumulated over two years in each of the following savings plans? a.$40at the end of…

A: Given data for the part (a) of the question is as below, Deposited amount at end of the month:…

Q: 1. Mary buys a 20 year annuity immediate for $100,000 subject to 6% effective annual interest rate.…

A:

Q: Determine the effective interest rate for the following cases a.10% compounded weekly b.10%…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: 6. Find leff if continuously. a 10% nominal interest is compounded

A: Effective interest rate, denoted by ieff, refers to the real interest rate that is to be applied on…

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: 4. Calculate the present value of $8,000 duc in 4 years if interest is compounded annually at 3%.

A: Present value states that an amount of money today is worth more than the same amount in the future.…

Q: 3. How much will you have in 40 years if you save $3,000 each year and your account earns 8%…

A: Future value is the value of a current resource at a future date in light of an accepted pace of…

Q: 6. An individual makes six annual deposits of $2,000 in a savings account that pays interest at a…

A: Future Worth: Future worth implies to the dollar worth of a resource on a future date. Future worth…