3. A man deposited P5,000 in a bank at a rate of 10% per annum for 8months and 25days. Find the ordinary simple interest. Group of answer choices P368.05

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A: The future value is the amount that will be received at the end of a certain period. In simple…

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Q: which one is correct please confirm?  Q1: "I invest GBP500,000 for one year in a deposit which…

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A: The future value is the amount that will be received at the end of a certain period. In simple…

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A: Future value is the value of the current assets or some amount that is invested today and amount…

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A: Simple Interest:-It is an interest paid over the principal loan amount in a fixed percentage after a…

Q: What ne future value

A: This is a question relating to time value of money. Present value and future balue calculations are…

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A: present value in savings account = $100 interest rate annually = 2% future value = $120 time period…

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A: To open the "FV function" window - MS-Excel --> Formulas --> Financials --> FV.

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Q: Your brother has asked you to help him with choosing an investment. He has OMR 5000 to invest today…

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Q: A man borrowed P18,400.00 from a credit union that charges 8% simple interest for 1 year and 9…

A: Total months = 12 + 9 = 21 months

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A: Calculations of time period of CD are as follows.

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Q: g. Suppose you borrowed Kshs. 30,000 from your bank to finance a start- up business. The bank…

A: PMT is the periodic payment made.

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A: Simple interest is paid out and computed only on the initial principal amount.Unlike compound…

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A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: If you deposit OMR 19500 in your account in a bank; suppose the bank pays 6.15% compound interest…

A: Deposit amount = OMR 19500 Annual interest rate = 6.15% Period = 15 Years

Q: You deposit $1,200 in your bank account. a. If the bank pays 5% simple interest, how much will you…

A: a. Amount deposited = $1,200Interest rate, r = 5%Period, t = 8 yearsIf the bank pays simple…

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.