An amount of P50 000 is deposited every end of the year. How many years are required so that the sum of these deposits will be equal to P1 000 000 if rate of interest is 6% compounded continuously?  a. 13.42 b. 14.86 c. 15.50 d. 16.32

Q: To accumulate a fund of P 80,000 at the end of 10 years, a man will make equal annual deposits in…

A: Given: The future value is = P80,000 Time period = 10 years The interest rate is = 5% compounded…

Q: Q#1: Calculate (i) the interest rate for the given situations? 1. 8% Monthly 2. 6.4% Quarterly 3. 7%…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 but third…

Q: Please solve all three problem I will give you thumbs up.     Problem 1   Mrs. Doe deposits $100…

A: Note: You have uploaded multiple questions at a time. Hence, we shall solve only first one for you.…

Q: 5.4 Ram wants to invest some money so that he can earn 20,000 rupees per year for the next 10 years…

A: Step 1:To find out the current investment that Ram needs to make to earn ₹20,000 per year for the…

Q: 3-82. Suppose that you have just borrowed $7,500 at 10% nominal interest compounded quar- terly.…

A: Quarterly nominal interest rate = 10% / 4 = 2.5% Number of quarters = 6 x 4 = 24

Q: Bright Inc. will be receiving $5,500 at the end of every month for the next 3 years. If these…

A: According to time value of money the sum of money presently has more value than the same sum to be…

Q: 1) Suppose the production function for widgets is given by: q= KL – 0.8K² – 0.2L². a.) Suppose K=10,…

A: 1) Production Function : q=KL-0.8K2-0.2L2   a) K=10 q=(10)L-0.8(10)2-0.2L2 q=10L-80-0.2L2…

Q: Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years.…

A: the proportion of a loan that is charged as interest to the borrower typically expressed as an…