Fifteen hundred Ghana cedis is invested for 18 months at a nominal rate of 13%. Find the accumulated value if interest is compounded (i) monthly (ii) continuously.

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Debts of $850 due in six months, $700 due in sixteen months, and $1100 due in three years are to be…

A: Time value of money is a concept of interest consideration in a transaction. Present value is…

Q: You are told that the nominal rate of interest is 3.7% per 4 months payable monthly. Calculate the…

A: The Effective Annual Rate (EAR), also called the Annual Equivalent Rate (AER) or maybe the…

Q: Solve for the compound interest earned if 10,000 pesos is invested for  1-1/2 years at 8% compounded…

A: Compound interest refers to the interest calculation mechanism where the previous period interest is…

Q: A 161,781 loan is being repaid with monthly payments for 8 years. The first payment is 800 and is…

A: A loan is a contract between a lender and a borrower where the lender forwards a fixed amount to the…

Q: A monthly deposit of R161 is made once a month into an account at an interest rate of 18% pa…

A: Monthly deposit (M) = R 161 r = 18% per annum = 1.5% per month n = 13 deposits

Q: A sum of 45000 invested will provide payments of 500 each at the end of every 2 months for 7 years…

A: Compound interest is interest on interest.  In case of compound interest…

Q: investment, what nominal rate of interest, compounded semi-annually must you earn?

A: Information Provided: Principal = $26,000 Years = 13 Semiannual payments to be received = $1700

Q: what is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in…

A: The act in which one person or entity provides funds to another person for defined term and agreed…

Q: A loan is repaid by making payments of $2000 at the end of every six months for 12 years. If…

A: Semiannual payment (c) = $2000 Semiannual period (n) = 24 (i.e. 12 years * 2) Nominal interest rate…

Q: A loan of 10.000 TL is repaid in equal annual installments at 10% effective interest rate per year.…

A: Given: Loan amount= 10000 TL Annual effective rate =10% Interest amount in third payment = 868.24…

Q: Find the semi-annual payment at the end of six months, the first payment is due at the end of 7.5…

A: An annuity is a type of security where periodic payments are made over a period of time. Deferred…

Q: A loan of $ 8500 is to be repaid in 39 equal monthly installments with the first one paid seven…

A: Here borrowers understand how much they need to budget each month to repay their loan within a…

Q: At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded…

A: Quarterly deposits (D) = P36,000 Interest rate = 6% Quarterly interest rate (r) =…

Q: If ​$956.00 accumulates to ​$1250.87 in three years, three months compounded monthly, what is the…

A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: Find the nominal rate which when compounded semiannually and applied to a P50,000 principal will…

A: Let us note the given.Principal P = 50,000Interest I = 5000Amount A = P+I = 50,000 + 5000 =…

Q: A $1000 deposit in an account earns interest at an annual nominal rate of 8.00%. Interest is…

A: Future value is the accumulated value of a sum of money deposited for a specified period of time at…

Q: What is the future value of 24 periodic payments of $4,660 each made at the beginning of each period…

A: Given: Particulars Amount Payment(PMT) $4,660 Periods(NPER) 24 Rate 8%

Q: f the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate…

A: Nominal rate = 11.5% compounded continuously We need to find bi-monthly rate, where there are 24…

Q: A loan of $3000 is to be repaid by level monthly installments in arrears over a period of 3 years.…

A: Annual percentage rate (APR) refers to the annual cost of funds borrowed.

Q: Calculate the amount of interest that will be charged on $17120 borrowed for 6 months at 8.7%.…

A: GivenPrincipal (amount borrowed) = $17,120Rate (annual interest rate) = 8.7% or 0.087 (as a…

Q: If $12,000 is invested at an interest rate of 10% per year, find the amount of the investment at the…

A: Given:

Q: A total of $50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring…

A: monthly payment formula: monthly payment=p×rm1-1+rm-m×n where, r=rate p=principal m=frequency of…

Q: Sixty monthly deposits are made into an account paying 8% nominal interest compounded monthly. If…

A: Payment per period can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv],…

Q: Regular quarterly payments of $6000 are deposited into an account paying 3.19% interest, compounded…

A: Annuity means finite no. of payments which are same in size and made in equal intervals. Person gets…

Q: You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 10% APR…

A: Effective Annual Rate (EAR) is the rate of interest earned on investment made or interest paid on a…

Q: If $6000 is invested in an account that pays 3% annual compounded interest, compare the amount in…

A: 1. Semi annual: Future value = Present value *(1+rate)^periods Future value =…

Q: If $635 is borrowed for 220 days at 7.65% simple annual interest, how much will be repaid at the end…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: A loan of £10,000 is repaid in 10 annual instalments of £1,3 What is the interest rate? i= Enter a…

A: in this question we will be calculating the interest rate on the loan ℒ10,000 repaid in  10 annual…

Q: Assume that time is measured in months.  Calculate the present value at time 0 of a payment of £131…

A: Present value of future amount With periodic interest rate (r), period (n) and future value (FV),…

Q: A loan of $5514 borrowed today is to be repaid in three equal installments due in one-and-a-half…

A: SOLUTION:- To compute for the size of the equal instalment , the formula is:   Loan Amount = [ C /…

Q: An 11.9 percent add on loan is to be repaid in monthly installments over three years.  The total…

A: Computation of monthly payment:Hence, the monthly payment is $961.83

Q: Consider a principal amount of PhP 1,000 to be invested at a nominal rate of 12% compounded semi…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: what amount of interest will be charged if 7000 is borrowed for 9 months at a simple rate of…

A: Borrowed amount= 7000 Time period= 9 months = 9/12= 0.75 Simple interest rate= 9.5% per annum= 0.095