I need help with finance homework questions asap. (rounded to 2 decimal places)  7 If a bank charges an interest rate of 0.18% per week on loans, what rate must the bank quote?

Q: If you deposit OMR 12200 in your account in a bank. If your bank pays 8.15% interest, how much will…

A: The value of a current asset at a future date based on an expected rate of growth is known as future…

Q: .I need help with finance homework questions asap. (rounded to 2 decimal places) What is the…

A: The Effective annual rate is referred to the interest rate that is actually earned on an investment…

Q: Company X has trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would…

A: 1/10 net 45: 1/10 net 45 is a trade credit extended to the buyer from the seller which means the…

Q: If you deposit OMR 27177 in your account in a bank. Suppose the bank pays 12% compound interest…

A:

Q: Currently, your credit card has a balance of $14,000. The credit card has an effective monthly…

A: The number of monthly payments may be calculated through following formula   Present value =…

Q: A friend asks to borrow $54 from you and in return will pay you $57 in one year. If your bank is…

A: Future value of an amount is calculated as follows:  FV = PV*(1+r)t Where,  FV = Future value of…

Q: Assume 2% interest rate. If $50 is put in the bank on May 1, 1988, how much will be in the bank on…

A: The future value of the money is an accumulation of the invested money with a certain rate of…

Q: 5. You deposit PHPI,500 in your bank account. If the bank pays 4% simple interest, how much interest…

A: Simple Interest = P * R *T Where P = Principal = PHP1,500R = Rate of Interest = 4%T = Time = 10…

Q: (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9780. What…

A: It represents a short-term debt obligation that is backed by the Treasury Department of the United…

Q: Paying off credit card debt: 000.8012=000.5062000.0128 What will be your monthly payment if you have…

A: The time value of money is the idea that an amount of wealth is considerably more right now than it…

Q: You Save Bank has a unique account. If you deposit $7,250 today, the bank will pay you an annual…

A: In this case, the bank uses different interest rates for different periods, so we'll need to apply…

Q: Question 5 3. 1 3 4 EOY 6. 7 8. 9. 10 20 21 22 23 24 25 26 27 28 29 30 CF $300 A2 Аз A4 As Five…

A: This can be considered as a case of decreasing annuity in which the annuity amount is declining by…

Q: 4. How much should you deposit in an account so that you can withdraw $5300 every year for the next…

A: Given that, Annual Withdraw (A)=$5300 Duration (n)=18 years Rate of interest (i)=6% or 0.06   Amount…

Q: If you deposit OMR 7387 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Time value of money says that a dollar today is worth more than a diollar in future. Future value is…

Q: A bank pays simple interest at the rate of 8% per year for certain deposits. If a customer deposits…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 2.32 (LG 2.3) The Kovalam Bank advertises savings account interest as 2 percent compounded daily.…

A: Effective rate of interest is the simple interest amount that will yield as same interest rate as it…

Q: The First Bank of Lending lists the following APR for loans. Determine the APY, or effective…

A: Annual percentage rate (APR) is the annual interest rate paid on an amount borrowed or received on…

Q: 1. A man wishes to have P 100,000.00 on a bank that earns an exact simple interest rate of 10.50%.…

A: The future value of a present value is the value of that amount after taking into account the time…

Q: You deposit $100, $150, & $200 in a bank account at the end of years 1,2,& 3 and earn 7% interest.…

A: Solution:- Present value means value in today’s terms by discounting it back at the given interest…

Q: Consider a $5,000, 6%, 180-day interest-bearing note and a non-interest- pearing note for the same…

A: Note means an instrument acknowledging as debt due from one party to another party. Interest bearing…

Q: Straight bank loan. Right Bank offers EAR loans of 8.74% and requires a monthly payment on all…

A: APR is termed as the Annual Percentage Rate which is charged by any of the authorizing institutions…

Q: 1. In a bank account that pays interest 2% p.a, what should you deposit now to have a balance of…

A: Future value is the amount that existing assets are worth at a specific future date after they have…

Q: 9. Suppose you need $1,000 ten years from now to settle your university education fees. If the…

A: Using the PMT function

Q: You plan to borrow $1,000 from a bank. In exchange for $1,000 today, you promise to pay $1,130 in…

A: The objective of the question is to understand the cash flow timeline from both the borrower's and…

Q: Problem 4: What end-of-month deposits for the first six m hould Joshua have if he is planning to…

A: The future value of amount includes the amount being deposited and amount of interest being…

Q: A bank charges 11% discount on short term loan& Find the sum received by the borrower who requests…

A:

Q: If you deposit OMR 24184 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: To open the "FV function" window - MS-Excel --> Formulas --> Financials --> FV.

Q: A person wishes to get 800$ at the end of second year and 900$ at the end of fifth year, if rate of…

A: The question is based on the concept of calculating the present value of expected future cash flows…

Q: 4- Bank America offers a stated annual interest rate of 5.0 percent, compounded quarterly, while…

A: To understand in which bank you should deposit your money, we need to calculate Effective interest…

Q: Some time ago, you put £500 into a bank account for a “rainy day.” Since then, the bank has been…

A: A bank account is provided by a bank or any other financial institution where all the transactions…

Q: You deposit $ 70,565 in your account today. You make another deposit at t = 1 of $ 51,167 . How much…

A: Time value of money is one of important concept being used in finance. As per this concept, a dollar…

Q: You need to borrow money. Bank I offers loans at 14.00% compounded yearly. Bank 2 offers loans at…

A: EAR=1+RMM-1

Q: May I ask for an explanation and solution to the question for a better understanding. Thank you!…

A: The money that should be invested by the investor is the present value of the required amount in CD…

Q: Assume internet rate is 2%. If $1602 is put in bank on 5-8-18 and stays in bank earning interest…

A: Required :Amount in the bank on 3-8-21

Q: f the interest that 6000 TL will bring in 3 months over 21% interest rate is brought by the same…

A: Simple Interest: When at the time of returning the loan to the bank, we have to pay back an amount…

Q: Use PMT= PA to determine the regular payment amount, rounded to the nearest dollar. Your credit card…

A: When the lender lends a loan to the borrower for a certain time period, he charges the rate of…

Q: Assume that all banks are loaned up and that the reserve requirement is 2%. If you deposit $10,000…

A: Reserves are the amount of money that a bank backs up, and this reserve is the estimate from all…

Q: (a)What is the effective annual interest rate on this lending arrangement? (Do not round your…

A: First, we need to determine the monthly interest the company has to pay if they took a line of…

Q: How much money should you deposit in your account now if you are looking to have $7000 after 5…

A: Present value = Future value / (+rate )^ no. of period

Q: A person wishes to get 400$ at the end of third year and 600$ at the end of fifth year, if rate of…

A: Given:End of year 3=F1=$400End of year 5=F2=$600Interest=12%To compute:Amount deposit today=P

Q: Using the daily balance method of calculating interest, how much interest will you owe on a $500…

A: Given,  Credit card balance = $500 interest  = 20% = 20/100 = 0.2 time = 3 weeks  = 21/365

Q: A bank pays an interest of 6.8% for a 6 month term deposit. Calculate the amount that Stacy must…

A: Interest=$480.47Rate=6.8%Time=6 monthsRequired:Principal amount of investment =?