Find the accumulated amount of P3,500 invested 6.25% compound monthly at for a period of 5 years.

Q: find the principal if the principal plus the interest at the end of one and one-half years is  $3360…

A: Given  Principle plus interest at the end of 1.5 years is $3360 Rate of simple interest =8% per…

Q: condominium unit can be bought at a down payment of 150000P and a monthly payment of 10000P for 10…

A: A1 = 150000 A2 = 10000 n = 10 i = 0.01

Q: A new oven wil save $150 per year in electricity expense How much can we afford to pay for this oven…

A: Here the $150  expense is saved by oven each year and oven life is 12 years . It is equivalent as…

Q: Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage.…

A: A sum's present value (PV) is its future value (FV), which is determined by how many periods of…

Q: Using linear interpolation, determine the value of (a) (F/A, 11%, 15) and (b) (F/P, 16%, 25) from…

A: Compound interest or interest compounding represents the situation in which the interest rate on…

Q: Compare the accumulated values at the end of 10 years if P100 is invested at the rate of 12% per…

A: Amount=P 100  Interest rate=12 %  Period=10 years