2. If P6,780.00 is invested for ten years at an annual rate of 8%compounded semi-quarterly. Calculate the compounded interest afterten years.

Answered: Image /qna-images/answer/5012f9d9-129b-4d47-b49f-44515f7d5afb.jpg

Answered: 2. If P6,780.00 is invested for ten…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

5. Lucy wants to have $18 000 in her account 3 years from now to buy a car. How much must she invest per month, if her account earns 7.2% annual interest, compounded monthly?
1. Kaman deposits $675 at the end of each year into an account that earns 5.4% per year compounded annually. What is the amount after 3 years?
An interest rate of 5.68% is being compounded monthly. What percentage is actually being added on to the principal every month?
3. An account that pays 1.6% compounded monthly has $1,000 deposited every month. Find the value of the account at the end of the year.
What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was made 8 years and 6 months ago at a rate of 7% compounded quarterly? A. P12,793.76 B. P14,069.05 O C. P12,940.17 D. P12,800.95
5. The latest cell phone sells for P5 000.00 down payment at P900.00 every end of each quarter for 3 years at the rate of 8% compounded semi-annually. Find the cash equivalent of the cell phone.
3.
If a bank offer you a fixed term deposit investment with 6.5% a year compounding quarterly interest . What is the equivalent interest rate?
1.) Your 3 year investment of $20,000 received 5.2% interested compounded semi annually. What is your total return? Answer: 2.) You borrowed $59,000 for 2 years at 11% which was compounded annually. What total will you pay back? Answer: 3.) Your allowance of $190 got 11% compounded monthly for 1 2/3 years. What's it worth after the 1 2/3 years? Answer: 4.) Your 6 1/4 year investment of $40,000 at 14% compounded quarterly is worth how much now? Answer:
Assume that you want to have $ 3100 saved in a sinking fund in 1 year. The account pays 4.5% compounded monthly. What should be your monthly payments?
Determine the final account balance of an investment if $300 is invested at an intrest rate of 6.75% compounded semiannually for 20 years.

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

2. If P6,780.00 is invested for ten years at an annual rate of 8% compounded semi-quarterly. Calculate the compounded interest after ten years.