At a compound interest rate of 10% per year, the amount that P10,000 one year ago is equivalent to now is closest to:   A. P 8,264 B. P 9,091 C. P 11,000 D. P 12,100

Q: Mr. Smith has saved $1969 each year for 20 years. A year after the saving period ended, Mr. Smith…

A: Initial Savings Phase (20 Years)Mr. Smith saves $1969 each year for 20 years. The future value ( FV…

Q: 3. Two years ago, ASARCO, Inc. invested P580,000 in a certificate of deposit that paid simple…

A: An amount was invested for simple interest two years ago. Now that accumulated amount is invested…

Q: If you invest 600 at year zero, then that same amount more every subsequent year, letting it…

A: The future value of an annuity is a financial concept that represents the total value of a series of…

Q: Suppose that $5000 is deposited in a saving account at the rate of 6% per year. Find the total…

A: Since we only answer up to 3 sub-parts, we will answer the first 3. Please resubmit the question…

Q: 2.6) What is the present worth of an expenditure of $25,000 in year 8 if the interest rate is 10%…

A: Present worth, also known as present value, is a financial concept that refers to the current value…

Q: Engr. Dy deposited an amount of Php 9654.5 in a bank’s savings account with interest 6.4% compounded…

A: Deposit amount = 9654.5i=Interest rate = 6.4%= 0.064n= Quarterly interest= 4t= Duration = 16 months…

Q: 2. For the rates a through d below, what are the effective annual rates? For e, what is the…

A: The interest rate that accounts for compounding over a specific time period is called the Effective…

Q: Compare the future worth of $2,500 for 5 years at 12% per year compounded monthly. How much interest…

A: Future worth (F) = $4541 (d option is correct)Interest=$2041

Q: Alexandr makes 15 equal annual deposits of $1,000 each in a bank account paying 5% interest. How…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: 3. If you borrow $24,000 now at an interest rate of 10% per year and promise to repay the loan with…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: Ahmad got a loan of $ 7,098 now at an interest rate of 7% per year. He will pay back the loan in a…

A: Here we calculate the Interest rate by simple and compounded formula so the calculation as follow-

Q: yara is saving up for a new tesla. She has no money right now. she is going to put $6150 away in…

A: Given Yara first year saving A1=$6150 Yearly increment G =$1000 Number of years =12 Interest rate =…

Q: You inherited $12,000 from your Great-Uncle Michael. If you invest it and average an 8% annual rate…

A: Information given is as follows:-  P = 12,000 i = 8% n = 20 year Using this we have to find future…

Q: For the following cash flow diagram, the equation that represents the equivalent at the end of (year…

A: c. -24,000 (F/P,8%,4) + 3,500(P/A,8%,4)