Find the simple interest and the total amount after three years. Principal = Php 11,750 Annual rate of simple interest = 7.5 % Total interest or = Php Blank 1 Total amount or Ea = Php Blank 2

Q: The amount of interest earned in 11 years on Php 1,000,000 deposited in an account paying 8%…

A: Option A . True    Formula : F = P(1+r/n)^nt Where F = Future Value            P = Present Value or…

Q: 5. Find the accumulated value at the end of 3 years if P1,750 is deposited at a) 6% simple interest…

A: Given:Principal amount=1750Time period=3 yearsA) Accumulated value when interest is 6%Interest…

Q: Miguel received a loan of $10,000 at 4.50% compounded quarterly. He had to make payments at the end…

A: calculating the size of payment using excel pmt function =PMT(rate,nper,pv,[fv]) where, rate = rate…

Q: Solve the principal: Interest rate: 5.75%, Time: 3 1/4 years, simple interest $240

A: The objective of the question is to find the principal amount given the interest rate, time, and the…

Q: Calculate the amount of simple interest earned. $1,000 at 4% for 6 years LA

A: Simple interest is a way of calculating the interest charge on a loan or investment where the…

Q: You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table…

A: Solution:- Given, Loan = $88,000 Life time = 30 years Compounded quarterly  at 4.1%

Q: Find the final amount of money in an account if $3,900$3,900 is deposited at 7.5%7.5% interest…

A: Calculations are done in excel, so there is no intermediate rounding. (1+i) = (1+i(2)2))^2(1+i) =…

Q: Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000"…

A: Amortization is a form of finance used over a certain period of time to gradually reduce the book…

Q: How much interest is earned in 4 years on P12,000 deposited in an account paying 4% compounded…

A: Present value is the sum of the current value of money of future cash flows. It is also known as a…

Q: If a principal of P3840 earns interest of P204 in 3 years and 5 months, what is the simple interest…

A: Simple interest is the method that is used in calculating the percentage of interest paid on a sum…

Q: ) Find the amount and interest earned of the following ordinary annuity dues:

A: Annuity Due Payments: These payments involve that the payment is made at the commencement of each…

Q: 6. Determine the simple interest earned when $450 is Deposited for 4 years and earns 6.5% per year

A: Interest is earned on the money lent to the borrower. The lender charges interest from the borrower.…

Q: A Php 106,908 was loaned at an interest rate of 0.109 9 annual payments has to be settled, the first…

A: In this we have to calculate the interest on the for two year and than calculate annual payment for…

Q: You have taken a loan of $56,000.00 for 27 years at 5.5% compounded quarterly. Fill in the table…

A: Loan amount (PV) = $ 56,000Period = 27 YearsNumber of quarterly payments (n) = 27x4 = 108Interest…

Q: Complete the following without using Table12.1. Note: Round the "Total amount" and "Total interest"…

A: The question is based on the concept of Financial Management. Amount is the sum of the interest and…

Q: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment.…

A: In finance, the concept of time value states that money today has more purchasing power than the…

Q: The interest earned in 6 years on Php 400,000 deposited in an account paying 9% interest, compounded…

A: Lets understand the basics. For answering this question, we need to check how much amount will be…

Q: You have taken a loan of $95,000.00 for 27 years at 5.5% compounded quarterly. Fill in the table…

A: Given Loan amount is $95000 Term is 27 years Rate is 5.5%

Q: an borrows Php 5000 with the agreement to pay the principal and all accumulated simple interest at…

A: In simple interest there is no interest on interest and interest on principal loan amount only so it…

Q: Solve: Principal: $6,500 Interest rate: 8% Time (In time using exact interest) ? Simple…

A: Simple interest is the simplest method of computing interest on loans. It is quite quick and easier…

Q: You have taken a loan of $64,000.00 for 26 years at 4.7% compounded quarterly. Fill in the table…

A: Here, Particulars Values Loan Amount  $ 64,000.00 No. of years  26.00 Interest rate 4.700%…

Q: Use the following amortization chart: Selling price of home $ 96,000 Down payment $ 5,000 Rate of…

A: The total cost of interest can be referred to as the amount that is paid by the borrower more than…

Q: klp.1

A: The objective of the question is to find the nominal interest rate charged on a loan that was…

Q: You have taken a loan of $5,000.00 for 4 years at 2.3% compounded monthly. Fill in the table below:…

A: We need to calculate the monthly payment(PMT) of loan by using this equation PMT…

Q: What is the balance in an investment account at the end of 5 years if $3,000 is deposited today and…

A: To calculate the future value of an investment with the formula to be engaged…

Q: You have taken a loan of $5,000.00 for 3 years at 3.4% compounded monthly. Fill in the table below:…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: A business loan worth Php 1,000,000 is to be repaid quarterly in 2 years . The interest rate is 10%…

A: in this we have to find present value FACTOR and find quarterly payment and solve remaining part.

Q: You have taken a loan of $92,000.00 for 37 years at 5.1% compounded quarterly. Fill in the t below:…

A: Loans are paid by the periodic payments that carry the payment for interest and payment for loan but…

Q: 7. .For each situation, determine i).the amount ii) the interest earned a) $ 15000 borrowed for 6…

A: Time value of money is one of useful technique used in finance. This says that amount invested today…

Q: Michael Sanchez purchased a condominium for $94,000. He made a 20% down payment and financed the…

A: (a) Debt = $94,000×80%=$75,200 Period = 30 years Rate = 5% Monthly payment (using the table given) =…

Q: Find the interest and amount on Php 880 at 8.5% simple interest for 3 years.

A: Simple interest: Simple interest is calculated on the loan principle or the initial deposit in a…

Q: I. Complete the Table. Principal Amount or Present Value (P) Php 9 000 Php 4 200 Nominal rate (r) 6%…

A: The idea behind the time value of money is that money today is worth more than money tomorrow.…

Q: For a total accumulated amount of $3639.55, a principal of $2000, and a time period of 9 years, use…

A: Compound = monthly = 12 Future value = fv = $3639.55 Present value = pv = $2000 Time = t = 108

Q: Assume that you deposit $1,000 in an account earning 5% simple interest for 3 years. What is the…

A: Given: Deposit = $1,000 Interest rate = 5% Years = 3

Q: Given: princial $10,000, interest rate 8%, time 240 days (use ordinary interest). Partial payments:…

A: Step 1: Calculate the initial interest accrued before the first paymentPrincipal: $10,000Interest…

Q: Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000"…

A: A mortgage is a loan that a borrower takes to purchase a property. The property itself acts as…

Q: man borrowed PhP 300,000 and agreed to pay his bligation by paying 8 equal annual payment of PhP…

A: Loans are paid by the annual payments that carry the payment of interest and payment of principal…

Q: Complete the following without using Table12.1. Note: Round the "Total amount" and "Total interest"…

A: The future value (FV) represents the value of a current asset at some point in the future based on…

Q: Solve by using compound table: (Round the "Total Amount" and "Total Interest" to the nearest cent.)…

A: Total Amount = P 1+rnnt where P = Principal r = Rate of Interest n = number of compounding per year…

Q: Using exact interest, what is the amount due on Php 20,000 invested at 0.09% simple interest for 150…

A: Given: Interest rate =0.09% Days = 150 Days Amount = Php 20,000

Q: Using the following partial table of present value of $1 at compound interest, the present value of…

A: Present value is the present worth of the amount which is to be received in future by considering…

Q: You have taken a loan of $55,000.00 for 30 years at 4.9% compounded quarterly. Fill in the table…

A:

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.