Find the sum that Akhmal should invest now at 6% compounded monthly so as to accumulate RM8 888 in three years. O 7727.21 8577.21 O 7427.21

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: What sum of money must be deposited at the end of every three months into an account paying 3.7%…

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Q: Mr. Cruz obtained a 16-year mortgage for 3565284. If this monthly payment is 23125 how much is the…

A: Given:- Principal amount=$3565284 Monthly payment=$23125 Time=16 years To find: the total interest.…

Q: What quarterly deposits into a sinking fund earning 4 1/2 compounded quarterly are necessary to…

A: The formula for sinking fund payment is  P=Ai1+in-1Where, P=The amount of payment A=The amount to be…

Q: monthly

A: Please refer to the image below

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

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Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: if the interest 1,280 has not been paid each year but had been allowed to compound, how much…

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Q: 4. Mr. Torres plans to invest Php100, 000.00 in a savings account at the time of his son's birth and…

A: Given query is to find the rate of interest.pp

Q: 3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest at 1.5%…

A: Find your answer below

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the amount of…

A: S = P × (([1 + i]n – 1) / i) × (1 + i). Here, S is the final amount of maturity. P is the amount…

Q: What amount should be deposited today to buy for a P 216,000.00 house and lot in 6 years? The bank…

A: We need to find the amount that should be deposited today to buy for a P 216,000.00 house and lot in…

Q: How much is P1,200 worth at the end of 1 year if the interest rate of 5.5% is compounded quarterly?…

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Q: My cousin, Hershey, is an newlywed public school teacher who plan for the education of her future…

A: Given Regular deposit=10000.00 Php (monthly) Time t=8 years r=9% annually Apply formula for regular…

Q: What is the interest rate compounded quarterly if P 2,500,000.00 is invested and the amount became…

A: Formula: The compound interest formula is given below: A=P1+rnnt, where A-final amount, P-Principle…

Q: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

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Q: Find the compound interest earned if PhP 51,679 is deposited in a bank at 3.1% compounded monthly…

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Q: P1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: We have to find the balance at the end of 17 years.

Q: Calculate the compounded amount if Miya deposited Php 30,000 in a bank which pays 8% compounded…

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Q: Suppose RM2000 is deposited in a savings account for 10 years where the interest rate is 8.7%…

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Q: Calculate the value gained from depositing 12 regular installments into a bank, as the  amount of…

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Q: The employees at an NGO are awarded increments on their salary according to the following policy: no…

A: Given: Increment after 2 years is 5%. Increment after 4 years is 13%. Current salary of the…

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

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Q: If you deposit 5000RS into an account paying 8.25% annual interest compounded semiannually, how…

A: Given that the principal amount P=5000 RSTotal amount A=9350 RSInterest rate r=…

Q: How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42 at the…

A: To find How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42…