t 3% annual interest comp nthly, how long will it take

Q: he effective annual interest rate is 15%. A) Assume interest is compounded monthly. What is the…

A: The effective annual interest rate is the real return on a savings account or any interest-paying…

Q: An annuity pays $14 per year for 45 years. What is the future value (FV) of this annuity at the end…

A: > Given:> Rate of interest per annum = 9%> Amount of each deposit = 14> Number of years…

Q: What monthly payment is required over 8 years to equate with a future amount P90,000? Assume…

A: Monthly payment refers to the amount which is paid on a periodic basis. The period of monthly…

Q: An interest rate of 10% compounded monthly is given, compute for the interest rate per period? O…

A: The periodic rate equals the annual interest rate divided by the number of periods

Q: Using 12 percent simple interest per year, how much interest will be owed on aloan of $500 at the…

A: Interest Rate(R) = 12 Loan Amount(P)=$500 Years(T) = 2

Q: 3. For payments shown in the following table, and assuming the interest rate (10%), what is the five…

A: Present value is the discounted value of money considering the interest rate and time of annual…

Q: Annual payment # of years Rate Output area: a) PV of ordinary annuity PV of annuity due b) FV of…

A: Annual Payment = pmt = $14,500Time = nper = 5Interest Rate = rate = 7.1%

Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

A: The present value of the cash flow is the present worth of a cash flow at a certain rate of interest…

Q: A Ρhр 15,000.00 debt having an interest rate of 15.5% comрounded semi-annually. A regular рeriodic…

A: Assuming semi annnual payment Amortization schedule is as follow-

Q: Rate of interest = 12% 1. If you want to retire twenty years from now with P500,000, how much…

A: The amount of money to be deposited can be calculated with the help of present value of function.

Q: What annuity over a 10-year period at 8% interest is most nearly equivalent to the present worth of…

A: To calculate the annuity amount we will use the below formula   Annuity amount = PV/[{1-(1+r)-n}/r]…

Q: At an annual effective rate of interest i = 4%, find the PV of a perpetuity- immediate with annual…

A: Data given: Annual effective rate of interest i= 4% First stream = constant perpetuity of 3 Second…

Q: Rate of interest = 12% 1. How much must be the present value of Php 100 if it is to be received…

A: The present value calculates the money's worth in today's terms.

Q: What is the future value of $10,000 on deposit for 5 years at 6% simple interest?

A: The objective of this question is to calculate the future value of a deposit of $10,000 for 5 years…

Q: At an interest rate of 5% compounded annually, how much will a deposit of P2,000.00 be in 15 years.…

A: To calculate the future value we will use the below formula   Future value = PV*(1+r)t Where PV -…

Q: A $170,000 mortgage at 1.75% compounded semi-annually with a 25 year amortization requires monthly…

A: A mortgage loan is a loan in which a loan provider offers debt to a borrower to purchase a home or…

Q: Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future…

A: FV of the annuity is the total of all periodic payments which will be receive in the future.

Q: How much interest will be charged on P7,300 borrowed for three (3) years at a simple interest rate…

A: The simple interest method is a method where interest is calculated only on the principal amount…

Q: What is the future Value of m Ordinary ity at the end of 5years if $370 Tsdeposited each month into…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Consider a saving account that offers a nominal interest rate of 5% per annum and payable ekly…

A: The effective interest rate is the rate of interest that is actually earned or paid on a loan or…

Q: AS24 000.00 morgage amortized by monthly payments aver 35 years is renewable afher five years.…

A: Loanamount=248000 Tenure 35 years it means in months is 35*12=240 months Monthly emi is 1783.83

Q: ed at an annual rate c ona. What amount sh wear for 30 years aften

A: LU 13-2a 1.Present value is the amount of money which we invest today. Since it is semi annually so…

Q: Find the compound interest and future value. Do not round intermediate steps. Round your answers to…

A: Principal, PV = $875  Interest rate, r = 3% Number of compounding, n = 10    The future value is…

Q: What is the present value of $2,000 that will be received after 4 years if the interest rate is 12%…

A: Solution:When some amount is invested somewhere, it earns interest on it.The amount initially…

Q: COMPOUND INTEREST (a) Find the simple interest on 60,000 for one year at 10%. (b) Find the compound…

A: a) Simple Interest = Principal * Interest rate * Time period = 60,000 * 10% * 1 year = 6,000

Q: you borrow 2100 monthly payment 352.81 6 years what is apr of loan

A: Loan amount = 2100Monthly payment = 352.81time = 6 years or 72 months (note 1 year = 12 months)

Q: P10,000 IS BORROWED FOR 75 DAYS AT 20% PER ANNUM SIMPLE INTEREST. HOW MUCH WILL BE DUE AT THE END OF…

A: Simple interest is a method of interest calculation where principal amount is multiply with time and…

Q: much do ten P 6,945 quarterly payments amount nterest rate is 3 compounded quarterly if payments y…

A: In this we have to find present value FACTOR and than we can find present value.

Q: Determine the discounted value of an ordinary annuity deferred 9 years paying $2381 semi-annually…

A: Deferred annuity is a concept of time value of moeny in which the payments starts after a short…

Q: What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded…

A: The objective of the question is to calculate the future value of an investment of $1,200 after 5…

Q: For how long will Logan have to make payments of $322 at the end of every year to repay a loan of…

A: A borrower may be a person, company, or other entity that, according to a loan arrangement, receives…

Q: What's the present value of $1,850 discounted back 5 years if the appropriate interest rate is 6%,…

A: Data given: Amount=$1850 n=5 years rate=6% compounded monthly   Required : Present value

Q: What annuity is required over 10 yrs. to equate a future amount of P 15,000. assume  interest of 5…

A: Given, Future Value of annuity = 15,000 Need to find annual Installments to be made over 10 years

Q: Amortization Problem Loan Amount: $150,000.00 Loan Term: 30 Years Interest Rate: 4.00% APR N PV PMT…

A: Given: Amortization Problem   Loan amount $150,000 Loan term 30 Interest rate 4%

Q: If you borrow $100,000 at an annual interest rate of 10% for six years, what is the annual payment…

A: Given: