ield of Application: Compound Interest ituation analysis: Ms. Gomez decided to have itial deposit to CDO Bank worth P5,000.00. TI ecision came after an agent of the bank told I nat the bank is offering a 5% interest compour nnually. How much would be Ms. Morales' tot noney in the bank after 5 years?

Q: which one is correct please confirm?  Q1: "I invest GBP500,000 for one year in a deposit which…

A: Future Value(FV) is value of current amount at future point of time. It is computed by compounding…

Q: 3. Miss Aisha deposited RO 5000 in a fixed deposit at 5 % interest compounded semi-annually for 5…

A: Amount deposited now = RO 5000 Interest Rate(r1) = 5% compounded Semiannually = 5% /2 = 2.5% Years =…

Q: Bank D gives a loan of RM 30,000 to Shahril with interest rate of 8.25% compounded quarterly.…

A: Compound amount of single sum can be calculated by using this equation A=P(1+r)n Where A= Final…

Q: Determine the proceeds If the interest in advance is to be deducted for a loan worth P 250 000 due…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Mrs Shiirley Abundo borrowed 20, 000.00 at 7.5% compounded quarterly at a certain cooperative. How…

A: Here, Borrowed Amount is 20,000 Interest Rate is 7.5% Time Period is 2 year Compounding Period is…

Q: 1. A man borrows P2,500 for 2 years at 8 %4%. How much and what will be the amount at the end of the…

A: When the bank deducts interest from the loan amount it is known as a discount. When the discount is…

Q: Melvin availed a loan from a bank that gave him an option to pay Php 14,600 monthly for 2 years. Th-…

A: Present value of all monthly payments considering the interest rate and period of payment would give…

Q: A man invested P1,000 per month on a bank that offers 6% interest compounded annually. How much can…

A: The Concept is of Annuity. Annuity is a series of fixed payments/receipts made at regular interval…

Q: If you deposit OMR 19500 in your account in a bank; suppose the bank pays 16.25% compound interest…

A: Future value is calculated by compounding the present value at a given compounding rate.

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

A: Monthly payment formula: PMT = principal ×aprm1-1+aprm-m×n where, m = frequency of compounding n =…

Q: (A) Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5%…

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

Q: You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate…

A: The given problem is calculated using Excel. Interest amount = Opening balance X interest rate…

Q: If you deposit RM15,00O in an account earning 18% with quartely compounding how much would you have…

A: Using the future value function in excel

Q: Loan amount = $175,591 Assume that your broker agents introduce/assess you to a local bank of…

A: Mortgage relates to a long-term fixed asset financing option where bank makes payment for fixed…

Q: Daysha bought a house with a mortgage of $395,100. The mortgage is being financed with an interest…

A: We need to use NPER function in excel to calculate number of payments in both ordinary annuity and…

Q: Mr. Andi bought a machine and agreed to a loan of Rp. 1,000,000.00 which can be paid in installments…

A: a) When the payment is made today for a loan of 1,000,000, the annuity amount to be paid can be…

Q: If Christine borrowed P 75 000 from the bank at an interest rate of 3.5%, how much is the interest…

A: Solution 1: Interest in 8 months = P * R * T

Q: What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699

A: Interest: It is the amount charged on the loan taken by the lender to the borrower. The interest…

Q: an 150 000 net proceeds of a loan, how much should I apply for as principal if the bank discounts 5%…

A: The loans are given by the banks are discounted by the banks depending on the policy of bank and it…

Q: If you deposit OMR 5000 in your account in a bank; if your bank pays 9.05% interest, how much will…

A: future value = present value *(1+rate)^n future value = 5000 * 1.090515

Q: 1. find the interest rate. (round your final answer to the nearest percent) P=$55, I=$3.30,t= 6…

A: Bartleby honor code states that when motile questions are asked, the expert is required only to…

Q: You plan to borrow P10,000 from your bank, which offers to lend you the money at a 7.5% nominal rate…

A: Nominal rate (D)= 7.5% Borrowed amount = P10,000

Q: P15,000 P20,000

A: In simple interest there is no interest on interest and there is no compounding of interest and this…

Q: The bank is paying 9% interest compounded quarterly. If you deposit P5,000 at the beginning of each…

A: Interest rate (r) = 9% per annum = 2.25% per quarter Quarterly deposit (Q) = P 5000 n = 10 years =…

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A: The answer is option (b.) [OMR 109.20] Refer step 2 for explanation

Q: Hanzalah took a loan of RMx from Bank ABC at interest rate of 4.5% compounded monthly. After 10…

A: A loan is a debt amount borrowed by one person from another person at a pre-determined interest…

Q: If someone borrow $4000 with interest rate 4% and has to return the loan with equal payment in 4…

A: loan repayments are usually monthly EMIs or annual payments. It consists of interest and principal…

Q: 3. The lender charge P348.00 for a loan of P3,500.00 for 2 2 year. Determine the rate of interest.

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 4months and 25days. Find the…

A: Simple interest is an interest calculated on the principal portion of a loan or original…

Q: A borrower seeks to borrower $175,000, 30-year CPM. The lender discloses to the borrower that the…

A: Step 1 A borrower is a person or company who accepts money from a lender with the promise to repay…

Q: Xander takes out a loan for $260000 at an interest rate of 4.8%p.a. compounded monthly. The minimum…

A: Repayment of loan is made in fixed instalments which includes portion of principal as well as…

Q: Hanzalah took a loan of RMY from Bank ABC at interest rate of 4.5% compounded monthly.After 10…

A: We need to use compound interest formula to solve this formula A=P(1+i)n Where A=Final payment…

Q: Borrowed $5,000 at a simple interest rate of 10% p.a. and charged interest of $600. What is the time…

A: Principal Amount(P) =$5000 Interest rate(r) = 10% Interest Amount(I) = $600 Time Period =t As per…

Q: How much interest interest will be paid by Mr. Scusta Clee, if he borrowed Php515,515 at 3.25% after…

A: The interest earned on the already earned interest along with the principal amount is the compound…

Q: How much do you have to deposit now in your savings account that earns a 6% annual interest if you…

A: Interest Rate = 6% p.a. Time Period = 5 years Cash Flows: Year Cash Flow 1 1000 2 1250 3…

Q: Mr. Herymann bought a house for Rp. 500 million on credit for 5 years. Bank BNI offers mortgages…

A: Mortgages: When a house is purchased on credit,  the home buyer is required to contribute a certain…

Q: You invest in a bank $5,000 at beginning of every 6 months. How much will you get if you withdraw…

A: The deposits to a bank work on the concept of the time value of money where the money deposited now…

Q: diego took out 3 year loan for 9,000 that has a 14.3 % simple interest     c) How much total…

A: We have to find the total interest that accumulates on a loan.