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

Q: 4. Find the quarterly payment inr 21 quatters to discharge an obligation of P24,500, if money is…

A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…

Q: What monthly payment does an investor receive from a $5000, three-year, re interest GIC earning a…

A:

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: 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: aa.2

A: The objective of this question is to calculate the monthly payment for a 15-year fixed loan at an…

Q: aa.2

A: The objective of this question is to calculate the monthly payment for a 15-year fixed loan at an…

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: 1. Find the compound amount and interest if: a. P 45 000 is invested at 5% compounded quarterly for…

A: Compound interest is referred as the interest which is calculated on principal amount which involves…

Q: 4% interest with compounding every 6 months versus unknown interest with monthly compounding…

A: The question is based on the concept of Financial Management. Future value = present value * Future…

Q: For an investment that earns 11.0% compounded monthly for two years, how many compounding periods…

A: The period during which interest on an investment or loan is computed and added to the principal…

Q: Determine the nominal rate for and interest rate of 1.5% per month compounded quarterly?

A: Nominal rate is the rate calculated without taking compounding into account

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: An obligation of P25,000 with interest of 5% compounded semi-annually must be paid at the end of…

A: Compound interest is the extra interest to the principal amount. In simple it can be defined as…

Q: monthly payment

A: Monthly payment refers to the amount due or to be paid to holders on monthly basis based on the…

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: 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: Discount P86, 400 for 1 year and 9 months at 9.88% simple interest?

A: Amount to be discounted or Future Value (A) is  P 86400 Time period is 1 year 9 months or 21 months…

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: klp.2

A: The objective of the question is to calculate the present value of a 20-year annuity due that pays…

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: 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: What is the monthly interest rate for a fixed interest rate of 12% per annum? Choices: 1% 12%…

A: Annual Interest rate = 12%

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: Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)…

A: Present Value can be calculated using PV function in excel PV (rate, nper, pmt, [Fv], [type]) Rate…

Q: 8%pa interest compound monthly What is Annual effective rate?

A:

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: What annual interest rate is earned by a 20​-week T-bill with a maturity value of $2,900 that sells…

A: The time value of money states that the money we have today has more worth than the money we are…

Q: How long will it take $1387.00 to accumulate to $1627.00 at 6% p.a compounded semi-annually? Sute…

A: Compounding is a technique through which FV of present amount is calculated by using appropriate…

Q: Find the future value of $1 000 at 7.8% p.a. simple interest over 14 months.

A: Simple interest does not consider the effect of compounding of interest over the period of time. The…

Q: Given Annual interest rate = 16% Time 2 years Compounding quarterly Calculate the i and the n

A: Compound Interest Compound interest is the interest calculated on the principal amount which…

Q: What rate of interest (in %) compounded quarterly will yield an effective interest rate of 8.6%?…

A: Effective Annual Rate: The effective annual rate of interest is the actual or the real rate of…

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 The method in which interest is charged only above the actual amount borrowed is…

Q: Determine the size of the periodic rent. Future Value: $2457 Payment Interval: 6 months Term: 10…

A: Here,Future Value (FV) is $2457Time Period (n) is 10 yearsInterest Rate (r) is 8%Compounded Period…

Q: How long will it take to money quintuple at 10% interest rate when interest compounded: (i)…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Payment of P^(1),000.00 every other month for 2 years that will start after 3 years. Time Diagram…

A: It is a case where payment is done every other month for 2 years. At the same time, this series of…

Q: Using exact interest, what is the amount due on Php 20,000 invested at 0.09% simple interest for 150…

A: Given: Interest rate =0.09% Days = 150 Days Amount = Php 20,000