Find the Interest and the amount on P 8,700 at 9% for 2 monthsSelect the correct response:|= P 8700 and A = P 8,500|= P8,700 and A+ P15, 650O 1 = 2mos and A = P5,560O 1= P 130. 50; A =8,830. 50

The interest amount can be calculated with the help of simple interest rate equation. The future…

Answered: Find the Interest and the amount on P…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the interest on the following loan. $1400 at 5.5% for 3 months Only typed solution.
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me roll ck d tch PgUp Pause Break Westc Question 7) Annuities & Loans-worth 15% of the grade The following formulas will be helpful for the problems below, or you may use TVM Solver in your calculator: For annuities: A = nt PMT ((1- ((1 + 7) ¹² − 1) r n For loans: PMT= P(7) [1 − (1 + 7)"] -nt the st month Mr. Garcia would like to use an annuity with an APR of 11% compounded monthly to reach his retirement goal of $225,000 in 20 years. How much would he need to deposit monthly into this account to reach this goal? Suppose that you decide to borrow $30,000 for a new car. To finance the purchase, you will make regular monthly payments for five years. The loan has a 9% interest rate. What will your monthly payment be? Westchester Community College 5% of the gra the problems with an How m =&= no toom 000 for a years. Th >
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You can earn $ 44 in interest on a $ 1 comma 000 deposit for eight months. If the EAR is the same regardless of the length of the investment, how much interest will you earn on a $ 1 comma 000 deposit for: a. 3 months. b. 1 year. c. 1.9 years. Question content area bottom Part 1 a. 3 -months. For a 3 -month, $ 1 comma 000 deposit you will earn $enter your response here . (Round to the nearest cent). Part 2 b. 1-year. For a 1-year, $ 1 comma 000 deposit you will earn $enter your response here . (Round to the nearest cent). Part 3 c. 1.9 -years. For a 1.9 -year, $ 1 comma 000 deposit you will earn $enter your response here . (Round to the nearest cent).
can you please help me with this problem
General Instruction: Use Yellow paper for your computation and answer. Task 1. Compute the interest of the following: 1. P25,000 at 6% simple interest for 1 year. 2. P30,000 at 9.5% simple interest for 90 days. 3. P60,000 at 12.5% simple interest for 2 years and 6 months.
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Quarterly interest = 10000*4%/4 = 100 Quarterly nominal interest rate = 4%/4 = 1% n = 16*4 = 64 quarters Ms Jonesillhe willing to pay:- 100 (PIA,1%,64) + 10000*(P/F,1%,64) 10 0007 000*0.528971 4710.287 + 5289.71 9999.99 = 100000

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Find the Interest and the amount on P 8,700 at 9% for 2 months Select the correct response: O 1= P 8700 and A = P 8,500 O I= P8,700 and A+ P15, 650 O 1- 2mos and A - P5,560 O I-P 130. 50; A -8,830. 50