Aurora wants to give her daughter Mara a financial gift on the latter’s college graduation two years  from now. Aurora came across a promotional high-yielding savings account which guaranteed that  a deposit of P2,000 today becomes P5,000 during the same period. What is the interest rate in  this case if it is compounded quarterly?

Q: Find the future value of an annuity consisting of payments of $270 per quarter for four years at the…

A: Payments of $270 per quarter for four years at the rate of 8% compounded quarterly.  Total number of…

Q: Find the nominal rate compounded monthly which is equivalent 12% compounded quarterly. write your…

A: The Effective Interest Rate is utilized to work out the effective annual interest rate in view of…

Q: At an interest rate of 10% compounded continuously, how will be a deposit of P15,000 be in 15 years.…

A: Here we calculate amount will be deposit with continuous compound , so calculation as follow-

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

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A: Interest rate per month can be calculated as follows: Thus, the interest rate is 0.67%

Q: Suppose that you make a series of annual deposits into a bank account that pays 8% interest. The…

A: here we calculate how much would  have immediately after the fifth deposit  by following method…

Q: A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth.…

A: It is given in the question that, Principal amount(P)=5,86,702. Interest rate(i)=1.7% or 0.017…

Q: Ireen wants to give her daughter Loaura a financial gift on the latter’s college graduation two…

A: As per the given information Present invested = 2000 Future worth = 5000 Interest compounded…

Q: Find the nominal rate compounded semi-annually which is equivalent to 16% compounded monthly. What…

A: Given: Interest Rate (r): 16% Compounding (m) per period: 12 New Compounding (q) per period: 2

Q: What is the accumulated amount of a 8-year annuity paying ₱ 1,067 at the end of each year, with…

A:

Q: What rate of interest compounded annually would result in receipt of $22,110 in seven years from…

A: Compound interest will be computed by multiplying the present value amount by one plus the annual…

Q: 2. What is the future worth of #10,000 invested every month for five years at 8% interest rate…

A:

Q: you invest $1,000 at an annual interest rate of 5% compounded continuously, calculate the final…

A:

Q: How many years will it take an investment to triple if the interest rate is 8% compounded annually…

A: When an amount is compounded annually, interest keeps added on for the compounding year after year.

Q: Suppose you owe $1,100 on your credit card. The annual percentage rate (APR) is 18%, compounded…

A: Cash flow:The sum of the total money is represented in the diagram. It represents the magnitude and…

Q: Assuming an interest rate of 8% compounded annually, how much money will be required in four years…

A: A = P(1+r)n where P is principal amountr is interest rate n is time period

Q: years that is equivalent to a pa starting with $45,000 at the er year and decreasing by $5,00C 10…

A: *Answer:

Q: If you borrowed $32,000 for 72 months at 16.5% with an add-on loan, what would be your monthly…

A: Principal Amount ((P)) = $32,000- Annual Interest Rate ((r)) = 16.5%- The loan term ((t)) is 72…

Q: Find the present worth of a future payment of P 80,000 to be made in six (6) years with an interest…

A: The value of a sum of money today is its future value, or present value. The predicted future…

Q: 37. Calculate the payment (P) 10 years from now that is equivalent to a payment of P2000 five years…

A: Given payment in 5 years from now = 2000 P Interest rate = 12 % compounded quarterly Quarterly rate…

Q: You were released from your current job and received a settlement of $54,000. The Canada Revenue…

A:

Q: What is the accumulated amount of a 10-year annuity paying ₱ 1,744 at the end of each year, with…

A: Given information: Time, n = 10 years Annuity = 1744 Interest amount, r = 4%

Q: James is offered an investment opportunity with the guarantee that his investment will quadruple in…

A: The rate of interest is the amount imposed over and above the principal amount by the lender from…

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: The objective of the question is to find the amount of the quarterly deposits A that will allow for…

Q: A cash flow at time zero (now) of $14,551 is equivalent to another cash flow that is an EOY annuity…

A: A Cash flow at time zero (but now it is $14,551) is equivalent to another cash flow that is an…

Q: You are going to borrow $30,000 to purchase a car.  You agree to repay the loan in 36 monthly…

A: The nominal interest rate is the rate of interest charged on the loan amount. It is the sum total of…

Q: If P =10, 000, i(2) = 8%, compounded semi-annually and t = 15 years. Find the %3D %D compound…

A: Given; P= 10000 i= 8% t= 15 years A=P1+rnnt where; P is principal Amount r is interest rate n is…

Q: Steve promises to pay Amanda $2,000 in four years and another $3,000 four years later  for a  loan…

A: A loan could be considered as a swap of buying power over time between lenders and borrowers. The…

Q: ow much did you deposit at the end of each month in an IRA that pays 7% compounded monthly to earn…

A: In this question, we have to calculate the monthly deposit (A) for 30 years.  Rate of interest =7%…

Q: Find the present value of a $50,000 annuity payable each three months for ten  years but deferred…

A: Given that, Payment at the end of period (R) = $50,000 Periodic rate (i) = 0.12/3 = 0.04 as there…

Q: Determine how much is "X" payment to be made 8 years from now, that is equivalent to a payment of…

A:

Q: A person needs $19,000 immediately as a down payment on a new home. Suppose that she can borrow this…

A: Compounding in economics refers to the process of earning interest on both the principal amount…

Q: If the interest rate is 7% compounded continuously, what is the required quarterly payment to repay…

A: Interest is the cost of capital. We can use interest in the context of either borrowed funds,…

Q: Maria deposits $1,300 in a savings account that pays interest at an annual compound rate of 4.0%.…

A: Interest rate refers to the percentage of the principal amount that a lender charges a borrower for…

Q: “Compounding of interest is one of humanity's finest inventions,” Albert Einstein famously said. To…

A: Given Future worth = 5,000,000 time = 30 years interest rate = 8 % compounded quarterly quarterly…