7. An amount of $3,750.00 is deposited in a bank paying an annual interest rate of 4 % compounded monthly. Find the balance after 3 years and 2 months. O $42,555.0 ) $4,233.50 O $4,000 O $4,255.50

Q: 1. Joshua wants to have Php 250,000 at the bank after4 years in time for his graduation. He plans to…

A: Amount after 4 years = Php250000 Interest rate is 12% compounded monthly.

Q: 21. If you deposit $520 in an account with 4% interest compounded annually, how much interestiao the…

A:

Q: Mary wants to accumulate $42,000 in a fund with payments of $2,100 made at the end of every quarter.…

A: We know that the formula is A=P1+rnnt where A=total amount,P=initial principal amount,r=rate of…

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

A: Here is the solution:

Q: a corporation creates a sinking fund in order to have $340,000 to replace some machinery in 11…

A: The corporation need $340,000 in 11 years to replace the machinery. A sinking fund is created for…

Q: ou plan to withdraw $650 at the end of every 3 months, for 5 years, from an account that earns 6.4%…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=650 n=4 for quarterly…

Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

A: We will find out the required value.

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

A:

Q: 19. A sum of $8, 000 paid into a bank account for 61 days to earn simple interest will produce $8,…

A: Given data: A sum = $8, 000 paid Time = 61 days Amount = 8, 020  To find:  Find the simple interest…

Q: Colleen is 15 years from retiring. She opens an account at the Savings Bank. She plans to deposit…

A: Given query is to find the amount in the account after 15 years and interest earned.

Q: If P100,000 is deposited in an account paying 5% compounded quarterly, how much is in the account at…

A:

Q: A new employee charged $4130 on his credit card to relocate for his first job. After noticing that…

A:

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: c) A loan of $A is made on 20 April 2015 at a simple interest rate of 6% per annum. The accumulated…

A: Please refer to the image below

Q: Martin received loan to purchase a locker at his condominium for $4000.The loan was amertized over…

A: Given, Principal=$4000Intreset=3.26%=0.0326Time=2 years The formula for calculating the amount for…

Q: How much must be paid on the due date of October 20, 2020, on a loan of P80,000 made on December 5,…

A:

Q: 18. Floyd decides to invest $1,000,000 in a 20-year annuity that earns 4.6% APR compounded monthly.…

A:

Q: 1. The simple interest formula is I-Prt. What does the t represent? a. Principle b. Time c. Interest…

A: The simple interest is calculated using the principal amount, interest rate and the time period.…

Q: 3- Determine the amount borrowed if $133 is charged in interest after 2 years at 1.5% simple…

A: Use formula for simple interest

Q: . A man paid 10% down payment of Php 200,000 for a house and lot and agreed to pay the balance on…

A: We can solve maximum one question as per our guideline ,you can repost other parts

Q: 9. A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will…

A:

Q: each quarter for 20 years into an account paying 4.2%  annual interest compounded quarterly.  a) How…

A: Julia deposits $100 at the end of each quarter for 20 years into an account paying 4.2% annual…