If BD 7,500 is loaded by Jassim which he intends to pay after 7 months and 15 days at a simple interest of 12%, determine the ordinary simple interest and the total amount of the loan upon its maturity

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A: Interest rate compounded monthly=18% per yearMonthly interest rate=1812=1.5%

Q: If you deposit $9,000 now, and you withdraw it after six years at 9% annual interest, what is the…

A: In this question 1st we calculate the value of $9000 at end of 2nd year afterward on that value we…

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A: The amount deposited is compounded semi annually, that is twice a year.

Q: For the cash flows given below, determine the value of G that makes the present worth in year 0…

A: Calculate the present worth of each cash flow:PW0 = 200 ​PW2 = 500 × (P/A,5%,5)​PW3​ = (500−G) ×…

Q: Find the present value of an annuity due of P1,200.00 paid every 6 months for 5 years at 7%…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Economics Question

A: The line of best fit is a straight line that gives an approximation of the given dataset. It tells…

Q: Which method is the best for an investor, to invest at 8% compounded monthly or 8% compounded…

A: The compounding period is important in determining the interest earned on an investment. The more…

Q: If an investor invests a sum of $ 100 in a fixed deposit for five years with an interest rate of 15%…

A: Given the invested a amount = $100 Time period = 5 years Interest rate = 15%

Q: What are the present worth and the accumulated amount of a 12-year annuity paying BD 25,000 at the…

A: The present worth is calculated using the formula Present value = Annuity ×1+iN-1i1+iN Given the…

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A:

Q: A company purchases an asset for the P10,000 and plans to keep it for 20 years. what is the value…

A: Given the values: Present value = P10000 Time = 10 years Interest rate = 10%

Q: For the cash flows given below, determine the value of G that makes the present worth in year 0…

A: Present value(PV) is that value of an amount(A) of money that is worth today. It is less than the…

Q: Suppose an investment is project to generate income at the rate of  R(t) = 200, 000 dollars per year…

A: * SOLUTION :-

Q: A condominium unit can be bought at a down payment of ₱150,000 and a monthly payment of ₱ 23,347 for…

A: Given  Down-payment of a condominium unit =₱150,000. The monthly payment for 10 years =₱23,347 and…

Q: A recent government study reported that a college degree is worth an extra Php 35947 per quarter…

A: Given , Extra Income quarterly = 35947  Interest rate = 6% Quarterly interest rate = 6%/4 = 1.5%…

Q: How much must be set aside now to cover payments of $300,000 three years from now and $500,000 five…

A: Note: “Since you have posted multiple questions, we will provide the solution only to the first…

Q: Nominal and effective interest Joe Franklin is planning to retire in 16 years. He wishes to deposit…

A:

Q: What is the amount of 8 equal annual deposits that can provide seven annual withdrawals, when a…

A: The investments will be made by people to get certain amount of return as benefits in future.The…

Q: A recent government study reported that a college degree is worth an extra Php 35680 per quarter…

A: Given,  i = 6% i.e 0.06  n = 40 years  Extra amout per quarter = Php 35680

Q: The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =6%…

A: In economics, present value refers to the current value of a future stream of cash flow. The future…

Q: Maha borrowed SR 200,000 to purchase a new car. What is the annual interest rate if the loan is to…

A: Maha borrowed SR 200,000 so the Principal amount (P) =200,000 Annual payments A = 50,000 Total…

Q: A bussinessman borrowed money to be paid in equal payments of php 490.00 at the end of every period…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Q: housewife bought a brand new washing machine costing P12,000 if paid in cash. However, she can…

A: Present loan amount = 12000 Time = 5 years Interest rate = 8 % Present value  =      Where present…

Q: Deposit of P1,000 is made at the end of the first year and increases by P 500 for the next following…

A: Deposit = 1,000 Increase by 500 each year time period = 4 years Interest rate = 10%

Q: nd the present worth of a perpetuity of 13,000 payable every 3 months if money is worth 12%…

A: Given that, Periodic payment = 13,000 Money worth 12% compounded monthly. Periodic rate = 12% or…

Q: If an investor invests a sum of $100 in a fixed deposit for five years with an interest rate of 15%…

A: Given the information: Amount invested in fixed deposit = $100 Time period for investment = 5 years…

Q: For the cash flows given below, determine the value of G that makes the present worth in year 0…

A: A cash flow series is a sequence of cash flows over a while, typically related to a project,…

Q: For an interest rate of 12% per year compounded continuously, find the effective interest rate…

A: Given that,  Interest rate(i ) = 12% or 0.12

Q: A man wishes his son to receive P250,000 ten years from now. What amount should he invest if it will…

A: The present worth technique is very famous in industry since every single future expense and incomes…

Q: What is the future worth of 10,000.00 PHP invested every month for 5 years at 8% interest rate…

A: You invested 10,000 per month at an interest rate of 8% compounded monthly for 5 years Payment in…

Q: Maintenance costs for a particular production machine increase by $1,000/year over the 5-year life…

A: Given,   Rise in maintenance cost = $1000/year  Time = 5 year  Initial maintenance cost = $3,000…

Q: Ahmad got a loan of $ 7,098 now at an interest rate of 7% per year. He will pay back the loan in a…

A: Here we calculate the Interest rate by simple and compounded formula so the calculation as follow-

Q: Samson entered into an agreement with "Lovey A & Handsome B Bank" whereby the former shall pay the…

A: Given that Samson shall pay "Lovey A & Handsome B Bank" double the amount after n years. This…

Q: yara is saving up for a new tesla. She has no money right now. she is going to put $6150 away in…

A: Given Yara first year saving A1=$6150 Yearly increment G =$1000 Number of years =12 Interest rate =…

Q: r. John Do borrowed P 1,000 and was able to sign a promissory note that he would pay P 2,032.79…

A: When the effects of compounding over time are taken into account, an effective annual interest rate…

Q: Suppose that an investor wishes to deposit an amount now so that in 30 years S1,000,000 will be in…

A: An investor wishes to deposit an amount now so that in 30 years $1,000,000 will be in an account…

Q: Find the amount of ordinary annuity of P 65,000.00 every three months for 5 years if money is worth…

A: Amount = 65000 every quarter Time =  5 years Interest rate = 10 % compounded quarterly Quarterly…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Answer: To find the present value (PV) of the given cash flow series, we need to break down the…