Suppose you deposit P 85,700.00 in a savings account earning 1.25% interest, compounded semiannually. How much is the compound interest earned after 2 years? a. P21,626.69 b. P878,626.69 c. P2,162.67 d. P87,862.67

Q: Suppose an amount ₱ 500.00 is invested for 2 years at 6% interest rate. How much is the earning of…

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Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

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Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

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Q: To save for her high school graduation, Jenny decided to save P1,250.00 at the end of each month. If…

A: We need to choose correct option.

Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

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Q: $102 is invested in an annuity at the end of every month at 8.5%.  Find the value of the annuity at…

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Q: placed in a savings account at 3% per annum compounded annually. How much is in the account in…

A: Topic = Algebra

Q: John invests $1,500 at 6% annual interest compounded continuously. How much is in the account after…

A: We can make it easier to get it.

Q: You have $400,000 saved for retirement. Your account earns 10% interest. How much will you be able…

A: Value(P) = $400,000  Interest (r) = 10%  = 0.10 Time (t)= 15 years  Payout annuity :  P = PMT * (1-(…

Q: Determine the interest earned if $87000 is invested at 1.7% simple interest for 47 months.

A: .

Q: Find the interest on P15, 000 at 6 ¼ % simple interest for 15 months. O A. P637.50 O B. P781.25 O C.…

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Q: monthly. a. How much is the value of these 10 equal deposits after 9 months from today? b. If…

A: Deposited Amount 15000.00 Time period  9 Months Interest  7% value   after 10 months

Q: Manjot Singh bought a new car for $14 888 and financed it at 8% compounded seni-annually. He wants…

A: Given price of new car is P=$14,888 Interest rate r=8% compounded semi annually ⇒r=8100=0.08 Pay…

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Given, Future value (FV) = $800,000 Rate of interest (r) = 9% Time (t) = 30 years n = 12 ( months)…

Q: You have 300,000 saved for retirement. Your account earns 4% interest. How much will you be able to…

A: Given that, You have 300,000 saved for retirement. Your account earns 4% interest. We need to find…

Q: 7

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Q: Richard spends $22.72 every month into mortgage at the end of 30 years he has a balance of…

A: Amount spends by Richard every month = $22.72 Time period of amount spent in months = no. of years *…

Q: A father puts Php550,000 in a savings account at a birth of his son, If the account pays 2.5%…

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Q: A savings account that has 850$ deposited on march 1st earns 0.4% annual interest compounded daily.…

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Q: TJ deposited P25,000 in a compound interest savings account that gives 3.5% return semi-annually.…

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Q: How much will Lee receive at the end of 4 years?

A: Principle, P = $18,400 Annual interest rate, r = 8% = 0.08 No. of times interest compounded per…

Q: 73,304.79 to 73,604.21 in a month. What was the interest.

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Q: A loan worth $5600 collect simple interest each year for 12 years. At the end of the time, a total…

A: The full form of APR is annual percentage rate which is annual rate of interest charged on loan.

Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.

Q: If P400 is deposited now in a savings account with an interest of %, then the value in the account 8…

A: We are not given if the interest was compound interest or simple interest. In this case, we consider…