At what nominal rate compounded semi-annually will Php5,000 amount to Php6,000 in 2 years? What is the effective rate? Round off your answer into 2 decimal places. a. Nominal rate % b. Effective rate %

Q: If the value of land in an area is increasing 6.4 percent a year, how long will it take for property…

A: This question can be solved using the concept of compounding.

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple…

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Q: 4% compounded semi-annually. Find the APY.

A: Recall the following fact.

Q: Pim borrows $200 at 11% per annum compounded quarterly for 6 years. Determine the interest due on…

A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

Q: The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's…

A: Given  the principal amount P=$6000Interest rate r =4.5%=4.5100=0.045Time t=4 months          t= 412…

Q: Gerald invested 150,000 at 35% for 2 1/2 years. a. How much interest will he earn? Prove your…

A: We will use the formula SI = PRT100 Here P = 150000R = 35T = 52

Q: Money is invested at 10.51% p.a. compounded monthly for 2 years and 7 months. What is the numerical…

A: "n" refers to the number of years during which the money is invested. After the end of "n" years,…

Q: A loan of $1,070 was repaid at the end of 18 months with a check for $1,095 What annual rate of…

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Q: receive a raise in your hourly pay from $8.25 per hour to $8.75 per hour. What percent increase in…

A: Given query is to find the percentage increase in pay .

Q: How many months will it take an amount of $6,000 to earn $120.00 simple interest at an annual rate…

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Q: If Php 25,000 is invested at an annual interest rate of 12% compound a. annually b. quarterly c.…

A: Given : Investment amount = Php 25000Rate = 12% and time = 2 years

Q: An employee of a repair shop receives a gross pay of $454.55 for a regular workweek of 36 hours.…

A: To find the hourly rate of pay, you can use the formula:Here, the Gross Pay is $454.55, and the…

Q: An account invested in a money market fund grew from $24,811.63 to $25,111.51 in a month. What was…

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Q: Run in the year sed at a rate of 1 50,000?

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Q: If the markup on an item is 30.00% of its selling price, calculate the markup as a percentage of the…

A: To calculate the markup as a percentage of the cost of the item if the markup on an item is 30.00%…

Q: What sum must be loaned at 8 percent simple interest to earn $350 in 4 years?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…