1. Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6% Find the accumulated amount after 5 years. 2. Assume that 1500 Php is deposited in an account in which interest is compounded annually for 5 years. Find the accumulated amount, if the interest rate is 8 ½ %.

Q: Find the compound amount and the amount of interest earned by the following deposit. $4,000 at 7.87%…

A: An interest is referred as an amount from the borrower or the deposit taking banks or the financial…

Q: Find the compound amount and the amount of interest earned by the following deposit. $5,000 at 7.59%…

A: Compound interest and continuous compounding:Compound interest refers to the interest earned on any…

Q: An amount of $1200 is deposited for 7 years in an account that earns 9% interest. (Round your…

A: P = $1,200R = 9% or 0.09 (as a decimal)T = 7 years

Q: he principal is borrowed at a simple interest rate r for a period of time t. Find the simple…

A: Simple interest is a straightforward method of calculating interest based on a fixed percentage of…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Data given: Principal: $6500Rate: 7%Compounded: quarterlyTime: 4 years

Q: An amount of $1800 is deposited for 7 years in an account that earns 7% interest. (Round your…

A: simple interest formula: I = P×r×t100where,p = principalr = rate of interestt = no of years

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Future value refers to the value of the current asset at some future date affected by interest…

Q: $500 is deposited into an account at time 3 years and $750 is deposited into the same account at…

A: Amount Deposited   $    500.00 Time Period 3 Amount Deposited   $    750.00 Time Period 8…

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple…

A: We need to use simple interest formula to calculate the simple interest. The formula is Simple…

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: Principal amount (P) = $43,000 Interest rate (r) = 9 3/4% = 9.75% Period (t) = 9 Years Compounding…

Q: You deposit $5100 in an account earning 4% compound interest for 3 years. Find the future value and…

A:

Q: Find the simple interest on a $1700 investment made for 2 years at an interest rate of 6% / year…

A: Simple interest is a simple method of calculating interest on principal for a specified period of…

Q: A company is considering an iron ore extraction project that requires an initial investment of…

A: The question is related to Capital Budgeting. The Net Present Value is calculated with the help of…

Q: 2) If you deposit $3 account balance How many yea

A: The question is based on the concept of Financial Management.

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…

Q: A payment of $4,500 was made into an account at the end of every 3 months for 12 years. a. If the…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a future…

Q: What is the total amount that must be repaid on the following note $8,543 borrowed at 14.5% simple…

A: Simple interest is interest without compounding.

Q: Find the compound amount and the amount of interest earned by the following deposit. $7,000 at 7.87%…

A: Continuous compounding refers to the process of calculating interest on an investment in which the…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.