If a person takes a mortgage OMR 82,000 for 25 years, with a rate of interest 4% compounded quarterly, what will be the number of periods in which he has to pay interest? а. 300 b. 100 С. 125 d. 60

Q: You are given $2000 and told to invest in one of the following accounts. Which account will give you…

A: Formula of compounded investment: A=P1+rnnt where A= Ending Amount P=Principal Amount r=Interest…

Q: A newscaster earns $32,500 and wants to invest 10% of his/her monthly salary to save for retirement…

A:

Q: 6.) What interest rate compounded monthly would you need if you invested $15,000 today and needed to…

A: Formula At=p1+rnnt⇒n=compounded period⇒p=initial amount⇒At=Amount at time t ⇒t=time in years⇒r=rate…

Q: A man starts his job with a certain monthly salary and earns a fixed increment every year. If his…

A: let  x be the starting  salary and y be the fixed increament

Q: Rachel receives $2,800 pay each month from her job. If she spends 24% on rent and 12% on food, how…

A:

Q: Assume that Bob deposited $3,000 per year in a bank account. Since the bank offered a compound…

A: As per the question we are given the principal deposited after each year as $3,000 ; the annual…

Q: Phillip invested $11,500 into a fund earning 6.50% compounded monthly. He plans to withdraw $750…

A: Given : Principal(P)=$11,500 rate of interest(r) compounded monthly=6.50%=0.065 t=3 years The…

Q: If the balance of an account (which earns interest monthly) is $65,238.17 at the beginning of the…

A: Given amount at the biginning of the current compound period is $64,238.17 Interest earned in…

Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

A:

Q: Determine m, n, and i for money invested at 9% compounded monthly for 10.25 years

A: For m, it is the number of copounding periods per year.Given that is is compounded monthly and there…

Q: 5&1/2 of 210=

A:

Q: At what rate of interest compounded semi-annually for 8 years will be Rs. 3150 amount to Rs. 4720?

A: