Suppose you invest Php 25,00o0.00 in a bank. You leave the money for 6 years, each year getting 5% interest per annum, compounded annually. How much money do you have in the bank after 6 years?

Q: Find the amount, if P10,500 is deposited at 5% annual interest for 4 years, compounded month

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Q: John has invested $1200 into an account at 2% interest semiannually, what will his future valu be…

A: topic - compound interest

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: Accumulate ₱54,000 at 11.75% interest when compounded semi-annually for 3 years and 5 months

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Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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Q: Rajeev has $175 that he earned from his summer job. He puts the money in an account that yields 4%…

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Q: A deposit of Php 1,000/month in a bank giving 6% interest compounded monthly for two years. He…

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Q: Find the time required for an investment of Php 5000 to grow to 8700 pesos at an interest rate of…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

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Q: Suppose you deposit $2000 at 9% interest compounded continously. Find the average value of your…

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Q: A sum of $25,000 is deposited into an account paying 5.4% interest per year, compound daily. What…

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Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: Accumulate ₱54,000 at 11.75% interest when compounded quarterly for 4 years and 4 months.

A: Solution

Q: if I invest 1000 at 2% interest how long will it take to double my money

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Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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Q: Hannah places $ 6500 into an account earning 7.25% interest compounded continuously, how much will…

A: The formula for calculating the future value of  continuously compounded interest is, The given…

Q: A businesswoman invested P 5000.00 in a mutual fund that grows pro compounded continuously. How much…

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Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

Q: Johnson placed $15,000 into his credit union account paying 7% compounded semiannullay. How much…

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Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

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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: City Wide Delivery Service uses vans costing $24,800 each. How much will the have to invest today to…

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Q: Mr. Wathen deposited $2,350 into an investment account. This account earns an interest of 9%…

A: Given that he invested $2350 in the accountHe earns 9% interest compounded anually Interest after 10…

Q: A farmer bought a tractor costing P12,000 if paid in cash. The tractor may be purchased by…

A: Given: initial balance =12000 annual interest rate=8% time period n=5

Q: An investor has accumulated $360000 in her retirement account that pays a 3.87% interest rate…

A: P0=d1-1+rk-NkrkWhere,P0= Balance accumulatedd=Regular withdrawalr=annual interest ratek=number of…