1. What amount would Vanessa Mae receive if she invests worth 250,000 pesos for 5 years and 9 months with 8% simple interest per annum?

Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…

A: Formula using here,  PV of perpetuity =Amountinterest rate =20004%=$50,000

Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: Mr. Chua had a P50,000 business loan that is to be paid for 1 year. If the interest rate is 10%…

A: Solution :-

Q: "Julian won the lottery! He deposits some of his winnings into an account earning 2.75% interest…

A: Given Julian deposit $ 25,000.

Q: What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per annum?

A:

Q: 1) Lucy invests $6500 at 3.2% p.a. interest compounded annually. Find the value of her investment…

A: Direectly use the formula for compound interest

Q: Jill borrowed $13,000 at 5.5% p.a. compounded semi-annually. If the loan is to be repaid in equal…

A:

Q: Find what simple interest rate will be necessary for Sonny to get a 40% return on a $500 investment…

A:

Q: A man wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: We will find out the required value.

Q: Suppose that $1000 is deposited in a savings account that pays 6% per annum, compounded quarterly.…

A: Given: Initial deposit is 1000 dollars i.e. P=1000  dollars Rate of interest per year is 6% i.e.…

Q: Calculate the time needed on an investment of $800,000 to gain an interest of $28,800 if the…

A:

Q: Suppose instead Hanan didn't invest anything for the first 7 years while at new york, then deposited…

A:

Q: The adult children of a college professor are endowing a scholarship fund in their father’s name.…

A: Given that, Present value = P = $1000 Interest rate = r = 6% = 0.06 Time = n = 3years

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

A:

Q: Suppose your friend,halima, who lives new york  received an unexpected inheritance of $1,000,000 and…

A:

Q: Suppose you can afford to pay $ 475 a month for 7 years towards a new car with no down payment. If…

A: Given Monthly interest rate=4.25%/12 Number of months =7*12

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: Tony Ring wants to attend Northeast College. He will need  $90,000 4 years from today. Assume Tony's…

A: According to the given information,

Q: If $10,000 is intially deposited in an account and left in there for 20 years, what will be the…

A: We use the formula: A=P(e)^rt Where, A=future value P=present value e=2.71828 t=time period r=rate…

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

A:

Q: Suppose that you borrow ​$3000.00 from a friend and promise to pay back ​$4755.00 in 3 years.…

A: It is given that the principal is 3000, balance is 4755 and time is 3 years. The formula to evaluate…

Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

A:

Q: Find the future value of an annuity due of $2000 paid at the beginning of each 6-month period for 8…

A: The future value of the annuity is calculated using the formula: S=P1+in-1i1+i. Here, P is deposited…

Q: What is the interest rate being charged to Mr. Ramirez who applies a loan amounting to Php 170,476…

A: