1. Mr. Paul makes an initial investment of ₱6,000 for a period of 3 years. Find the value of the investment after the three years if the investment earns the return of 10.5% compounded monthly. 2. What is the term if the final amount is ₱7,321 and the principal is ₱2,500 at 15% compound interest rate compounded quarterly? 3. Find the compound interest of a $4,750 loan, 11% compound interest compounded monthly for 2.5 years. 4. What is the principal of a loan if the final amount is ₱250,000 at 8% compound interest, compounded semi-annually for 4 years?

Q: James and Susan wish to have $10,000 available for their wedding in 4 years.How much money should…

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Q: In 2012 the maximum social security deposit by an individual was $8,386.75. Suppose you are 30 and…

A: Given that The yearly deposit amount PMT=$8386.75Interest rate r =3%=3100=0.03Componded annually ,…

Q: 1. Joshua wants to have Php 250,000 at the bank after4 years in time for his graduation. He plans to…

A: Amount after 4 years = Php250000 Interest rate is 12% compounded monthly.

Q: if $24 is is invested at a simple interest rate of 2% per year what was the account balance be after…

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Q: what simple interest rate will convert a $200 investment into $272 in one ye

A: To determine the simple interest rate that will convert a $200 investment into $272 in one year.

Q: Please find the present value if the goal investment is $6,400 after 8 years at 8% compounded…

A: The investment goal is the future value (FV), which is $6,400. The formula to find the present…

Q: Find the interest earned at the end of 3 ¼ years if ₱ 50,750 is invested at 12% compounded semi…

A: Compound interest formula is  A=P1+rnntP is the principal amount=50750r=0.12t= 3.25 years Replace…

Q: Alex invested $800.00 on compound interest at the credit union. If she leaves if for 5 years what…

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Q: The Nelsons would like to take a cruise to Alaska in 5 years and will need $9,350. What amount…

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Q: placed in a savings account at 3% per annum compounded annually. How much is in the account in…

A: Topic = Algebra

Q: You have set up an investment that pays 7% compounded quarterly but requires deposits of $600 at the…

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Q: find what simple interest rate will be necessary for sonny to get a 50% return on a $500 investment…

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Q: Suppose you can afford to pay $300 a month for 5 years towards a new car with no down payment. If…

A: Suppose you can afford to pay $300 a month for 5 years towards a new car Then the Future Value of…

Q: A father wants to set aside money for his son's future college education. Money can be deposited in…

A: Consider the yearly amount deposit=$x The rate of interest r=8.5%=0.085 The amount of money at the…

Q: My cousin, Hershey, is an newlywed public school teacher who plan for the education of her future…

A: Given Regular deposit=10000.00 Php (monthly) Time t=8 years r=9% annually Apply formula for regular…

Q: You won the lottery today and immediately deposit your funds into an investment account that earns…

A: By the formula of payout annuity due P0=d×1-1+rm-n×mrm×1+rm where P0 is Balance in the account at…

Q: I will invest P15,000 per quarter for my retirement at 7.3% compounding quarterly for 10 years. I…

A: Here,  Pmt=15,000r=7.3%n=4t=10

Q: I will invest Nu. 500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I…

A: Given information Quarterly deposit P=$500 Annual interest rate  r=7.3% Period of paymentn=32 years…

Q: Suppose you can afford to pay $300 a month for 6 years towards a new car with no down payment. If…

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Q: Clarissa saved RM17,500 in a bank account which offers an interest rate of 6.3% compounded monthly.…

A: The amount given is 17500 The rate is 6.3 The formula for compound interest is, After 4 years 7…

Q: 9. A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will…

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Q: An investor has accumulated $360000 in her retirement account that pays a 3.87% interest rate…

A: P0=d1-1+rk-NkrkWhere,P0= Balance accumulatedd=Regular withdrawalr=annual interest ratek=number of…

Q: How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42 at the…

A: To find How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42…

Q: A father puts Php550,000 in a savings account at a birth of his son, If the account pays 2.5%…

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Q: Kim deposited 20 000 pesos at 4. 75% for 4 years and 3 months. Determine the future value of the…

A: (a) Use the formula for the compound interest to determine the future value for the deposit…