If compounded monthly, a loan will be amounting to ₱132,400 if invested at 11.5%interest for 1.75 years, how much principal will be invested?

Q: P500,000 was deposited 20.15 years ago at an interest rate of 7% compounded semiannually. How much…

A: Any amount deposited today which is known as principal will generate some interest in the future.

Q: The monthly average cable TV bill in 2017 is $81.61. If cable costs are climbing at an annual rate…

A: Monthly average in 2017 = $81.61Increase in annual rate (r) = 7% per yearn= 2021 - 2017 = 4 years

Q: In preparation for Sandara’s college education, her parents want to save ₱400,000 after 12 years.…

A: Given information,  Future value (F)= ₱400,000 Interest rate (r)= 2% Compounding period (m)= 4…

Q: What single amount at the end of the fifth year is equivalent to a uniform annual series of $3,000…

A: The present value represents the current monetary worth of a future sum, factored in by applying a…

Q: The effective interest rate is 9.38%. If interest is compounded monthly, what is the nominal…

A: Monthly interest rate (i) can be calculated by using the following formula.

Q: What is the difference between the present worth of annuity due and ordinary annuity having the…

A: Ordinary annuities are those that require or make a payment at the conclusion of each period.…

Q: What effective interest rate per year is equivalent to 17.6% per year compounded quarterly. (Give…

A: Here we calculate the interest rate per year compounded quarterly so the calculation of the…

Q: John borrows $10,000 at 18% compounded annually. He pays off the loan over a 5-year period with…

A: The loan amount is $10,000, the interest rate is 18%, and the time period is 5 year. Let us consider…

Q: What payment X 10 years from now is equivalent to a payment of P 1,000 6 years from now, if interest…

A: Given information, Present value: P1,000 (6 years from now) Interest rate: 15% Time period: 4 years…

Q: Someone deposits $3,500 in their retirement account every year. If their account pays an average of…

A: Given data Some one deposits = $ 3500 Intrest rate = 6% FV of her deposit = PV of her 20…

Q: Every year you deposit $2,600 into an account that earns 2% interest per year. What will be the…

A: here we calculate the balance after 40th deposit by calculating the future value , so the…

Q: Find the compound amount if Php 2,500 is invested at 8% compounded quarterly for 5 years and 6…

A: Given information, Principal amount (P): Php 2,500 Time period (t):5.5 years Interest rate (r): 8%…

Q: What amount will be accumulated by a present investment of P18,200 in 6 years at 3% compounded…

A: As given Future worth = 18200 Time period = 6years Interest rate = 3% compounded quarterly

Q: What is the effective annual interest rate if the nominal interest rate is 6%, compounded monthly?

A: To calculate the effective annual interest rate if the nominal interest rate is given as 6%…

Q: Ronald makes year-end deposit of 500, the first year increasing the year's deposits by 10% until the…

A: For Ronald, Initial Balance =0 Interest Rate = 12% comparted annually =0. 12 = i Number of years =…

Q: K How much money should be deposited annually in a bank account for five years if you wish to…

A: The objective of the question is to find out the amount of money that needs to be deposited annually…

Q: Find the uniform annual amount that is equivalent to a uniform gradient series in which the first…

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