5. If Wendy wants to invest her Php25,000, how many years will it take for her savings toaccumulate to Php 40,000 if she invested her savings to a financial institution that provides asimple interest rate is 4.5% per year?6. Find the ratio between the exact interest and the ordinary interest7. Find the amount due at the end of 8 months whose present value Php 80,000a) when the discount is 9%; b) when the interest rate is 12%

Answered: Image /qna-images/answer/58efc29e-2c89-405a-9f31-cd2b6bc46478.jpg

Answered: 5. If Wendy wants to invest her…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

What is the interest rate being charged to Mr. Ramirez who applies a loan amounting to Php 170,476 in a bank, given that the interest is Php 24,024 for 4 years which is compounded quarterly? Round off the answer to two decimal places. O 14.65% 3.31% O 14.09% O 4.14%
if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should be deposited to earn P225of interest?
How long will it take borrower to diminiy₱198,480 if a lender charges 15.65% monthly and monthly payment of ₱47,897.75?
For a statistic to be a good estimator of a parameter, two properties it must satisfy are unbiasedness and minimum variance. Consider a sample of three observations X₁, X₂, X, where X, ~ Exp (0). That is, a sample of size 3 is taken from a population 2 3 following the exponential distribution with density function given by f(x) = 1e % if x > 0 0, Otherwise. Five possible estimators of are â‚ =X₁, Ô₂ = ¹/(X₁ + X₂), Ô‚ = =— (X₁ + 2X₂), Ô¸ = X, and Ô¸ = ¹⁄ (X₂ + X). 2 [Hint: Use the fact that for variable X we have E(X)= 0 and E(X²)=20² and Var(X) = 0². (a) Show that the five estimators given above are unbiased for 0. (b) Find the variances of each of the five estimators. (c) Which estimator will you choose for 0. Why?
c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long will it take for him to have $8000 in the account?
a car is to be purchased in monthly payments of 17,000 pesos for four years starting at the end of 4 months. How much is the cash value of the car if the interest used is 12% monthly?
The cost of electric bill is expected to increaselinearly with a monthly difference of PhP0.05/kWh/month. If the Torrijos family consumes anaverage of 500 kWh/month, how much shouldthey deposit to pay the monthly electric bill inthe next 20 years? The current electricity price is PhP5.00/kwh and money is worth 12% compounded monthly.
If Janine deposits Php3,500 at the beginning of each month to a fund that earns 3% interest compounded monthly, when will she have Php300,000? years
Jasica Parker would like to have $26,000 to buy a new car in 7 years. To accumulate $26,000 in 7 years, how much should she invest monthly in a sinking fund with 3% interest compounded monthly? The monthly invested payment is $ (Round up to the nearest cent.)
What annual rate of simple interest is necessary to give interest of $416 on a principal of $800 invested for 8 years?
On his 7th birthday, Lee was left with an inheritance. The inheritance will be paid in a lump sum of ₱ 10 M on his 21st birthday. What is the value of the inheritance as of Lee’s 7th birthday, if the interest rate is 5% compounded annually?

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

5. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate to Php 40,000 if she invested her savings to a financial institution that provides a simple interest rate is 4.5% per year?