Brent deposits P25 000 on August 13, 2020 and had deposited the same amount on the same date every month. The Secuity Banks credits 2.3% interest compounded annually to Brent's account.

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: ​Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,492 is…

A: Given:More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,492 is deposited…

Q: Juan deposited 4000$ into an account with 2.4% interest  compounded semiannually. Assuming that no…

A:

Q: Cyrus deposit $744.88 Each quarter into an annuity account for his child college fund. He wishes to…

A: Given that Cyrus deposited $744.88 each quarter into an annuity account. The future value he wish to…

Q: Jimmy paid off a mortgage by paying $725 per month for 16 years. What was the original amount of the…

A: Given

Q: The annual interest rate on a credit card is 16.99​%. If a payment of ​$100.00 is made each​ month,…

A:

Q: Keith sets up an ordinary annuity with a 7.2% interest rate compounded monthly. If Keith plans to…

A: Here we will find out Keith's accumulated amount after 16 years.

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Clearlake optical has a $50000 note due in 3 years. The owners wish to create a sinking fund to pay…

A:

Q: What is the cash value of this annuity due at the end of year 11?

A:

Q: A bond has a 14000 face value, an 8 year maturity and a 3.05 coupon. Find the total of the interest…

A: Face value = 14000 Coupon = 3.05% Thus interest rate = 3.05% = 0.0305

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

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Q: What principal will have a future value of $7942.35 at simple interest rate of 7.3% in three months?…

A:

Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

A:

Q: Ruth opens a savings account at 8% compounded semiannually and deposits $2,000 every 6 months for 10…

A:

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

A:

Q: Blake contributed $584 at the end of every 3 months into an RRSP fund earning 3% compounded…

A: The future value is the value of an investment or sum at a specific point in the future, taking into…

Q: Supposed to deposit $100 every six months into an account that pays 6% compounded semiannually. If…

A: Annuity formula is as below: here,d=100N=3 yearsr=6 %=0.06k=2

Q: Casey received a loan of $27,000 from the bank at 4.50% compounded monthly. If he had to repay $250…

A:

Q: If Mr. Cobain had deposited his payment into a savings account and just left it there, how much…

A: