John Smith deposits 1,200 Pesos at the end of each year that pays 6% interest. How much will Mr. Smith accumulate in the end of 5 years? *     6,765 Pesos 6,557 Pesos 6,904 Pesos 6,337 Pesos

Q: 7. Suppose that a man lends $1000 for four years at 12% per year simple interest. At the end of the…

A: Compound interest (otherwise called compounding interest) is the interest on a loan or deposit…

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A: Present value (PV) is the current value of a future payment or series of payments, discounted at a…

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A: Present value can be calculated by using the following formula.

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Q: Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year,…

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Q: 10. What is the annual interest rate on a 1000 dollars loan in which all interest is paid at the end…

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Q: Consider a geometric series of cash flows that begins at time 12 with a cash flow of $10,000. Cash…

A: Given  Geometric series cash flow begins at time 12 and with a cash flow of $10,000 and there are 11…

Q: f I plan to avail of a loan today and I will start to pay it P9,348 at the start of every month up…

A: Equivalent annual rate = (1  + 11.9/4)4 - 1 = 11.56% Monthly rate (rate)= 1.1156^1/12 - 1 = 0.91575%…

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Q: 5. For a deposit of P150000 at 8.5% interest compounded continuously over 5 years, find the interest…

A: Given information, Principal Amount (P): P150,000 Interest rate (r): 8.5% compounded continously…

Q: Suppose you have received a credit card offer from a bank that charges interest at 2.4% per month…

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A: Amount after compound interest is applied is calculated by using the formula  A = P(1+r) n

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

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Q: Find the amount of interest on P33687 at the end of 6 years and 8 months, if the interest rate is…

A: Present value P= 33,687 Time =6 years and 8 months  Rate of interest r= 6.01% compounded quarterly.…

Q: If $18,000 is invested at 9% for 15 years, find the future value if the interest is compounded…

A: The formula to be used is  At = Ao [1 + r / 2 ]2t Where, At = future valueAo = 18,000r = 9% or 0.09t…

Q: If ordinary simple interest is Php 2250, what is the equivalent exact simple interest?

A: Ordinary Interest refers to interest calculated at the time taken as 360 days instead of 365 days in…

Q: 1. What is the amount of interest earned on $5,000 for eight years at 10% simple interest per year?

A: Since we only answer one question at a time, we will answer the first question. Please submit a new…

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A: present value, also known as present discounted value, is the value of an expected income stream…

Q: 1. How many years will a deposit triple itself at an interest rate of 7% per annum compounded…

A: Hi! Thank you for the question, but as per the guidelines, we answer only one question at one time.…

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Q: An investment of x pesos is made at the end of each year for three years, at an interest rate of 9%…

A: Given,   Amount = x  Time = 3 year  Interest rate = 9%

Q: Maria invested 20,000 Pesos in a savings account 10 years later she withdrew all her savings…

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Q: An accountant is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

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Q: 19. Each year a single payment of P5000 is deposited in an account that earns 16% compounded…

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