• The exact simple interest of P5000 invested from June 21, 1995 to December25, 1995 is P100. What is the rate of interest? • What is the ordinary interest on P1500.50 for 182 days at 5.2%?

Q: A sum of money invested at 12% interest, compounded quarterly, will triple in amount in…

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

Q: Leon and Heidi decided to invest $32500 annually for only the first nine years of their marriage.…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: Your visa card charges 1 % interest every month, what are the nominal and effective interest rates…

A: The nominal interest rate per year can be calculated as follows: Thus, the nominal interest rate is…

Q: You will deposit 11.922 at 10% compound interest for 6 years, and then move the amount you would…

A: Let's divide this question into two continuous plans 1st plan with a 10% compound interest rate, 2nd…

Q: If you invest $150,000 at an interest rate of 10% (annual rate) compounded monthly, what is your…

A: Answer - $150,000(1.0083)24

Q: You deposit $10,000 in a fund that pays compound annual interest equal to 3%. One year later the…

A: The nominal rate of interest which depicts the time value of money can be any declared interest…

Q: annuity makes six annual payments of 1,300 with the first payment coming today. What is the future…

A: Given six payments = 1300 First payment today = 1300 Interest rate = 8 % Future worth = Where P is…

Q: If a bank says that it has a 5% nominal interest rate, but money is compounded monthly in that bank,…

A: An effective annual interest rate is basically the actual return on a savings account or on any…

Q: What principal will amount to $2500 if invested at 5% interest compounded semiannually for 7.5…

A: Compounding is the process of increasing a loan or investment's principal over time by adding…

Q: You are planning to withdraw $100 in Year 1, $150 in Year 3, and $200 in Year 5. At a 5% interest…

A: In economics, the present value(PV) is the value of an anticipated stream of income determined as of…

Q: Lin is wants to earn an amount of $31350. She heard that ABC Bank is accepting investments to be…

A: Interest rate = 3.7% Present value of amount that Lin has = $4214 Future value = $31350

Q: Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage.…

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

Q: The present value of $20,000 each year for 4 years at a 5% interest rate is approximately The…

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

Q: You are saving for the down payment on a house, so you put $1,000 in an account every 6 months. If…

A: An interest rate is charged on the borrowing money of consumers. It is charged by the lender of the…

Q: If the nominal interest is 12% compounded continuously, compute the effective annual rate of…

A: The effective annual interest rate is the genuine interest rate on an investment or loan since it…

Q: A student obtains a loan to pay one year of college tuition, which costs $18,000 with 6% which he…

A: Given, Cost- $18000 ROI- 6%

Q: If you invest 600 at year zero, then that same amount more every subsequent year, letting it…

A: The future value of an annuity is a financial concept that represents the total value of a series of…

Q: hat is the value at the end of 4.25 years of $100,000.00 applied at 4% compound interest per month?

A: The interest charged on a borrowing or deposit is known as compound interest. This is the most often…

Q: Elysa bought a car priced at $10,591 for 9% down and equal monthly payments for 6 years. If interest…

A: Loans are paid by equal and fixed monthly installments and these payments carry the payment for…

Q: Save At age 20, a person deposits $355 in a savings account paying 1% interest compounded…

A: Here, given information is: Principal amount (P): $355 Interest rate (r): 1% Time period (n): 70…

Q: Supposed you borrowed some money from a friend two hundred and seventy-five days ago at a simple…

A: n = 275 Interest = 12% Amount = 25,000 Assuming total days in years  = 365

Q: If you want to have $100,000 in your saving account in ten years, how much do you need to deposit…

A: The compounded monthly means interest is calculated and added to the principal monthly, while…

Q: Which of the following compounding rates is equivalent to an effective interest rate of 2.75% per…

A: The effective annual rate (EAR) is the real percent interest that a borrower or investor pays on a…

Q: Suppose you have a vehicle, the 1st year maintenance cost is estimated to be $100. The rate of…

A: the value in the presence of a sum of money, in contrast to some future value it will have when it…

Q: What is the amount of 8 equal annual deposits that can provide seven annual withdrawals, when a…

A: The investments will be made by people to get certain amount of return as benefits in future.The…

Q: A company showed equivalent annual cash flows of $400,000 for the first 7 years. If the cash flow in…

A: Equivalent annual cash flow (A) = $400,000Cash flow im year 1 (A1) =$320,000Uniform gradient (G) =…

Q: If you desire to withdraw the following amounts over the next five years from the savings account…

A: Year Withdrawal 0   1 0 2 30000 3 33000 4 40000 5 36000

Q: Karly borrowed $6,200 from her parents for 4 years at an annual simple interest rate of 2.8%. How…

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

Q: At 8% annual interest compounded monthly, how long will it take to become a millionaire if you…

A: The annual interest rate is 8%, compounded monthly The amount invested is $150,000 We have to find…

Q: Tamara has a 20 year annuity due making monthly payments that increase by $485.03 each period. The…

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

Q: When a consumer purchases an item on credit at a luxury store, she pays an effective interest rate…

A: Effective interest rate is the real or actual yield of any investment which the investor earns…

Q: Using the formula for present worth (1+n)t In how many years will $10000 accumulate to $25000 at 18%…

A: Here we calculate the number of year by using the given formula and information , so the calculation…

Q: Suppose that $100 is invested for five years at an interest rate of 8% per year, compounded…

A: Given: Amount=$100 Interest rate=8% Number of years=5 To find: Amount at end of 5 years

Q: The profit that Johnny got from selling fish have increased at a constant  rate of P1100 in each of…

A: A cash-flow diagram is a tool used in finance to show the cash flows related to security, "project,"…

Q: If your grandfather had deposited the money with a monthly interest of 1% instead of 12% per year,…

A: Effective annual rate (EAR) = [1 + (r / m)]m - 1, where r: Stated annual nominal rate and m: Number…

Q: (a) (b). (c) (d) Percent of Families 100 efer to the above graph. A nation that has an income…

A: Lorenz curve represents graphically the distribution of income within a poulation.

Q: You are planning to withdraw $1500 at the end of year 4, $2000 at the end of year 6, and $2500 at…

A: Given: Year Cash flow in the year 4 1500 6 2000 8 2500 Interest rate i =10% We have to…

Q: If $2000 is invested at 7% interest compounded continuously, calculate its value after 3 years

A: Given the invested amount = $2000 Interest rate = 7% Time period = 3 years

Q: compounde CO Dour after 10 year

A: Given that, Present value (P) = $650 Interest rate (i) = 3.2% or 0.032  Number of period ( n) = 10…