2. May plans to from Bank A 12% per ann decides to pa ordinary time

Q: 6. How much interest will be earned in 3 years WIII be ea ih 3 years from $730 placed in a savings…

A:

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

A:

Q: 3. A man deposits P1,000 every year for 10 years in a bank. He makes no deposit during the…

A: Given problem is:- A man deposits P1,000 every year for 10 years in a bank. He makes no deposit…

Q: 4. P1,500 payable semi-annually at 6% effective o bn qon

A:

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: . Determine simple interest owed on $500 for 3 months (1/4 year) at 8% interest.

A: Here is the solution:

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$6,600 per…

A: Given that $6,600 per year can be withdrawn for 7  years, with the first withdrawal to start four…

Q: to retire a bond of $100,000.00 in 5 years what amount needs to be deposites at 8%.

A:

Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

A:

Q: 3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest at 1.5%…

A: Find your answer below

Q: 7. Oluwatoyin buys a $5500 investment certificate that pays 5.35% simple interest per year. How much…

A: Given information Cost of investment certificate=$5500. Rate of interest r=5.35% Time t=3 years…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: What is the simple interest on ₱12,500 at 8% for 9 months?

A: Formula for simple interest is as follows : I = P×R×T Where , P  is principal amount. R is Interest…

Q: The population of a community is known to increase at a rate proportional to the number of people…

A:

Q: 1. On his 6th birthday a boy is left with an inheritance. The inheritance will be paid in a lump sum…

A: Given Future value (F)= Php 10,000 Interest rate (I)= 4%=0.4 Number of year (r)= 21-6 =15 year

Q: Jim Jones, is an owner of a Burger King Restaurant.  He assumes that this restaurant will need a new…

A: There are 4 quarters in a year.  Amount received after 7 years is:  9000=P1+R/4100t×49000…

Q: 7

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Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A:

Q: Find the present value at 8% simple interest of a debt RM4 000 due in 9 months. RM3774.48 RM3774.58…

A: It is given that  Final amount (A) = RM 4000, Rate (r) = 8%, Time  (t) = 9 Months = 3/4 year

Q: Suppose that $2000 is invested at a rate of 3%, compounded quarterly. Assuming that no withdrawals…

A: The formula is given by, A=P1+rnnt, where P is the initial amount, r is the rate and n is the time.

Q: engineer decided to put up a trust fund for her daughter with the condition at his daughter will…

A:

Q: 2. XYZ Company's preferred stock is selling for P 60.00 a share. If the required return is 8%, what…

A: Given that, XYZ Company's preferred stock is selling for P 60.00 a share. If the required return is…

Q: An amunt of 1 dollar is deposited in a funding at the beginning of every month for 7 years with 7%…

A:

Q: ong deposited an amount of Php10 000 in a bank that pays 4% annual interest compounded monthly. How…

A: Given that: Money deposited, P0=10000 Php                     Rate of interest, r=4%…