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Q: Give the number of periods, n, and the interest rate per period, i, for the following situation.…
A: n = number of periods i = interest rate per period
Q: Over a given year the force of interest p.a is a linear function of time, falling from 0.15 at the…
A: Force of interest: It is the rate that is discounting for infinite times in a year.
Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $9100, I = $440,…
A: Simple interest is calculated by multiplying the interest rate by the principal and time.
Q: For an interest rate of 2% per quarter, determine the nominal interest rate per (a) semiannual…
A: The nominal interest rate is the rate of interest without taking compounding and inflation rate into…
Q: What rate compounded mont
A:
Q: Calculate the APR for a 10% per annum nominal rate of interest that is compounded (a) 2 times per…
A: The annual percentage rate (APR) seems to be the annual interest earned by an amount charged to…
Q: Solve by using compound table: (Round your answers to the nearest cent.) # of Periods to be…
A: Compound Interest: Compound interest is the premium one procures on interest. In contributing,…
Q: Interest is compounded annually. Find the amount in the account after the given time. (Hint: perform…
A: P = $100 R=7% N= 2 YEARS
Q: Manually calculate the compound amount and compound interest (in $) for the investment. Time Nominal…
A: The compound amount is the amount that accumulated with the interest rate without paying out. The…
Q: What rate (in %) compounded monthly is equivalent to simple interest rate of 6.3% for 6 years? Round…
A: Simple interest rate p.a. = 6.3% So for 6 years, effective interest rate = 6.3%*6 = 37.8% No. Of…
Q: ence occur Compare the interest earned by $10,000 for three years at 7% simple interest with…
A: For simple interest =Principal(P)*Rate(i)*Time(n) For compounding interest =Principal[(1+i)n -1]…
Q: What is the future Value of m Ordinary ity at the end of 5years if $370 Tsdeposited each month into…
A: As posted multiple independent questions we are answering only first question kindly repost the…
Q: Manually calculate the compound amount and compound interest (in $) for the investment. Time Nominal…
A: A study that proves that the 1value of money today is higher than the future value of money is term…
Q: An amount of P dollars is borrowed for the given length of time with the amount F due at the end of…
A: given data borrowed amount (p)= 2400 due amount (f) = 3744 time period t = 7 years interest rate =…
Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…
A: Principal amount (P) = $43,000 Interest rate (r) = 9 3/4% = 9.75% Period (t) = 9 Years Compounding…
Q: Use the given annual interest rate r and the compounding period to find i, the interest rate per…
A: Information Provided: 5.45% compounded monthly
Q: Find the total amount of interest to the nearest cent if the interest s comounded annually. $2750 at…
A: Principal amount (P) = $ 2750 Interest rate (r) = 8% Period (n) = 2 Years
Q: ind the future values and the int arned for the following annuities very 2 months for 1 year, 8 mont…
A: Future values of annuities include the amount deposited and the interest being accumulated over the…
Q: etermine the simple interest. The rate is an annual rate. Assume 360 days in a year. p=$280,…
A: Simple interest is the type of interest that is calculated on the original amount invested in an…
Q: Complete the following using compound future value. (Use the Table provided.) (Round your answers to…
A: An individual shall be compensated for foregoing their current consumption in form of an extra…
Q: a. What was the accumulated value of the RESP at the end of 8 years? $0.00 Round to the nearest cent…
A: Future Value: It represents the future worth of the present sum of the amount for a period of time.…
Q: You are given the accumulation function: a(t) = 2t^2 + 3t + 1. Determine the effective interest rate…
A: When effect of compounding are taken the Effective Annual Interest Rate is the true return received…
Q: 1.Find the total number of compounding periods and the interest rate per period for the investment.…
A: Period = 7 Years Interest rate = 3% Number of compounding per year = 12
Q: An annui by with a cash vaDue of LA $ 9, 9oo pays $ 31o at the begining ef every Compounded monthiy…
A: Present value of annuity (PV) = $ 9900 Monthly payment (P) = $ 310 Interest rate = 5% Monthly…
Q: If you deposit $P into a savings account that earns interest at a rate of i% per month for n years,…
A: Since the interest rate is compounded on monthly basis the interest rate will be divided 12, which…
Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $4200, I = $670,…
A: SIMPLE INTEREST FORMULA: I=P×R×T100 GIVEN, I =$670 P=$4200 T=1 APPLYING FORMULA:…
Q: Determine the simple interest. (Assume 360 days in a year.) p = $546, r = 0.054% per day, t = 3…
A: Simple interest = Principal * Rate * time
Q: A certain some of money P draws interest compounded continuously. If a certain time there are Po…
A: Initial amount (P) = P0 Final amount (F) = 2P0 Interest rate (r) = 2% Let n = Years to accumulate…
Q: Use the given annual interest rate r and the compounding period to find i, the interest rate per…
A: GIVEN, annual interest rate (r) = 5.45% frequency of compounding (m) =12 (monthly compounding)
Q: Compare the intarest earned by $8,000 for five years at 8% simpile interest with interest eamed by…
A: Simple interest: Simple interest is the amount of interest that is determined for a principal amount…
Q: Calculate the effective rate (APY) of interest for 1 year. (Do not nearest hundredth percent.)
A: Effective Rate (Annual Percentage Yield): It is the effective rate of return to the investor on…
Q: calculate the periodic rate of interest (i) in the following case: 3.6% p.a compounding semi…
A: An interest method in which current interest is computed by multiplying the interest rate by the sum…
Q: How do you calculate the present and future value in months? Example: Calculate the FV of :…
A: Present Value:- Present Value(PV) is the discounted value of an amount or annunities or cashflows of…
Q: Compare the interest earned by P dollars at i% per year simple interest with that earned by the same…
A: Time value of money- It is based on the concept that money earned today is worth more than similar…
Q: Complete the following using compound future value. Time 2 years, Principal $15,000, Rate 8%,…
A: Future value: This is the amount of present value accumulated or compounded at a rate of interest…
Q: Assume that at time 0 a sum L is lent for a series of n yearly payments. The rth payment, of amount…
A: Amount lended or Present value is Leffective annual interest rate is irNumber of payment is r To…
Q: 3 An annwity makes pay at ithe end af each year years. The finst payment is 1000 and each for 10…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: ild return to the bank the interest plus one quarter at the en up to 5 years, he will finish the…
A: In this we have to calculate the payment period of loan.
Q: Complete the following using compound future value. (Use the Table provided.) Time…
A: Compound interest: Compound interest is the interest earned on the principal amount, plus the…
Q: Given i = 10% compounded quarterly. Find the effective interest rate if payments are made monthly.
A: Effective interest rate formula =1+rmm×t-1 Where r = rate of interest m = number of compounding in a…
Q: a. Calculate the amount deposited 1 year ago to have $1000 now at an interest rate of 5% per year.b.…
A: Interest is measured as a percentage of the amount of the loan (or deposit), charged periodically to…
Q: Please calculate the rate used, present value factor used, present value of amount desired at end of…
A: Here, Future Value is $6,000 Interest Rate is 3% Time Duration is 8 years Compounding periods is…
Q: omplete the following using compound future value. (Use the Table provided.) (Round your answers to…
A: We need to use future value table to solve this problem or you may use this formula Amount=Pv(1+r)n…
Q: .h Find the principal, if the principal plus the interest at the end of one and one-half years is…
A: A method of computing interest amounts in which the compounding effect was not considered by the…
Q: A bánk made a farmer a loàn of $1 at 15% for three years compounded annually. Find the future value…
A: Given that , Present value = $1000 Time (t) = 3 years Interest Rate (r) = 15%
Q: year in the nend severl years, how much money wi he rtrement account have ater 20 years in actual…
A: In this we have to determine retirement value before and after inflation.
Q: Complete the following using compound future value. Time 13 years, Principal $16,800, Rate 2%,…
A: The amount that a present investment will gain in value over time when kept in a compound interest…
Q: For a sum of 1,050 to triple itself in 8 years and 6 months, what must be the rate of interest…
A: Investment amount (PV) = 1050 Future value (FV) = 1050*3 = 3150 Period = 8 Years and 6 Months Semi…
Q: interest rate of 0.09% compounded monthly, how much will the account be worth in 17 years? Note: the
A: Note: ”Since you have asked multiple questions, we will solve the first question for you. If you…
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- Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (%) Time Interest $7,300 10.4 107 X days $227 Need Help? Read ItFind the amount (in of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time $145,000 14/12/2 Need Help? Submit Answer Read It 8 months Interest Enter a number. Maturity Value LA XCompute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest 12 1- years $1,080 Need Help? Read It
- rive loan is below. Payments of $1,987.26 are made monthly. Payment # Payment 1 1,987.26 2 1,987.26 3 1,987.26 Interest Debt Payment Balance 1,604.17 383.09 1,602.41 384.85 1,600.65 386.61 Provide your answer below: X Y Z Calculate the value of z, the balance of the loan at the end of month 3. Give your answer to the nearest dollar. Do not include commas or the dollar sign in your answer.Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time Interest Maturity Value $185,000 15 1 2 8 months $ $The following loan was paid in full before its due date a) Find the value of h using an appropriate formula b) Use the actuarial method to find the amount of unearned interest c) Find the payoff amount Regular Monthly Payment # of Payments Remaining after Payoff APR 7.2% $247 8 What is the finance charge per $100 financed? h=$ (Round to the nearest cent)
- Consider a home mortgage of $17500 at a fixed APR of %6 for 15 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. Please show all work computaion explanation formulas clearly with stepsFind the length of the loan in months, if $800 is borrowed with an annual simple interest rate of 17% and with $924.666666666667 repaid at the end of the loan. Length of the loan = months.Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $162,300 5.25% 15 ? $ ? $ ? $ ?
- Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Time Maturity Value (in $) Rate Interest Principal Interest (%) (days) Method $17,000 13 121 days Ordinary $730 $ 17730 Need Help? Read ItCalculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate(%) Time(days) InterestMethod Interest Maturity Value(in $) $3,100 % 164 Exact $220 $1.Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $50,000 7 3 4 6 months $