Mr. Cardo Dalisay deposit of Php 3000 earns 2% interest compounded semiannually. He waited years for his money to increase. How much money is in the bank after for 4 years?

Q: Jackie takes out a loan for $38,000 at an interest rate of 6% for a period of 5 years. Assuming she…

A: A loan is a sum of money that is borrowed from a lender with the expectation of being paid back,…

Q: First Bank is sending university alumni an invitation to obtain a credit card, with the name oftheir…

A: The objective of this question is to calculate the effective annual interest rate for the first and…

Q: i will 10 upvotes urgent Picabo borrows $1,000. To repay the amount she makes 12 equal monthly…

A: This can be described as a rate of interest that stated interest rate on a loan or investment…

Q: 2. What is the monthly payment for a loan of 100,000 over 5 years nominal interest rate is 12%…

A: Loan amount = $ 100,000 Tenure = 5 years = 5 × 12 months = 60 months Interest rate = 12% (compounded…

Q: A man wishes to have 30,000 when he retires 16 years from now. If he can expect to receive 4% annual…

A: Step 1: Given Value for Calculation Future Value = fv = 30,000Number of Payment = n = 16Interest…

Q: Lee wills loaned Audrey $17300 to open her shop after 5 years Audrey will pay back Lee with 16%…

A: The formula for compound interest will be: A=P1+R4004t Where A is the amount received after 4 years…

Q: You can afford $200 per month car payment. You've found 3 years loan at 2.2% annual interest rate,…

A: The annual interest rate can be expressed as a simple interest rate or a compound interest rate,…

Q: You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you…

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

Q: Rich wants to have $25 000 in 5 years for a down payment on a house. How much should he invest today…

A: Given:Face value (FV)=$25,000Interest Rate (i)=6.25%Number of Years (n)= 5yearsCompounded Quarterly…