6. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly?

Q: 5. $8000 is deposited at a bank account that pays 3% interest compounded monthly. How much will the…

A: Explanation of the answer is as follows

Q: 1 18,000 for 2 years at 10% per annum compounded annually.

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: Find the equivalent amount of P2,825.00 in 8 years at 5% compounded quarterly

A:

Q: How much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of…

A: The formula for compound interest is given by A=P1+rnnt where P is principle, A is total amount, r…

Q: 22. Your savings account earns an APR of 2.5% compounded quarterly. Find the APY.

A:

Q: 8. How long will it take for the $3200 to double compounded monthly at 3.5%?

A:

Q: After 10.32 years, Mary's money became 2 % of its initial value. The money was compounded…

A: here we will use compound interest formula  If P is the amount invested  r is rate of interest per…

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: $25,000 at 8% for 3 years compounded annually

A: I have used compound interest formula

Q: What amount should be deposited today to buy for a P 216,000.00 house and lot in 6 years? The bank…

A: We need to find the amount that should be deposited today to buy for a P 216,000.00 house and lot in…

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: On July 10, Isabella opened a savings account with $900. It earned 3% interest, compounded daily. On…

A: To find out the amount at the end of the day on July 11.

Q: What is the compound amount when $6400 is deposited in an account earning an interest rate of 6%,…

A:

Q: Convert 14% compounded quarterly to "r" compounded semi-anually, full solution please

A: Given question:- Convert 14% compounded quarterly to "r" compounded semi-anually (We can solve this…

Q: Suppose you want to accumulate 120,00 for your retirement in 30 years. Make a single deposit into an…

A:

Q: For problems 1-2 use the following symbolic represenatation:  p: you are an avid jogger q: you are…

A: we have to write "you are healthy if you are an avid jogger" in a symbolic form where  p: you are…

Q: 1. Determine the amount earned on $11 800 at 8.4% per year, compounded quarterly, for 14 years. P =…

A:

Q: Find the principal to get $1000 after 2 years at 6% compounded quarterly?  Round to nearest cent.

A: It is given that, the amount after 2 years is A = $1000, n = 4 since compounded quarterly, r = 0.06.…

Q: Dominic works after school to save money for college. He makes monthly deposits of $250 into an…

A: Given: Deposit =$250Rate of interest=4%Time =5 years

Q: A principal of P 2000 is placed in a savings account at 3% per annum compounded annually. How much…

A:

Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

A:

Q: Determine the present value of P 6,800 paid at the end of each subsequent quarter for 7 years if…

A: Given information PMT=$6,800 Rate of interest r=6% ⇒r=6100=0.06 Time t=7 years Since, interest is…