The tag price of a certain commodity is payable in 100 days but if paid in 30 days there will be a 3% discount. Find the annual rate of simple interest. O 12.24% • 15.91% O 13.91% O 27.07%

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A: The given problem can be solved using NPER function in excel. NPER function computes no. of years/…

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: 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…

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A: Using excel PV function

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A: Forward are at premium when they trade above the spot price.

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A: Installment is the amount of periodic payments a borrower makes to its lender in order to pay back…

Q: If P20,000 is borrowed for 200 days at 12% per annum simple interest. How much will be due at the…

A: Simple interest measures the interest payment on the principal amount borrowed for a period of time.…

Q: 3. The price of a certain item is P1,000, payable in O days but if paid in 30 days there will be a…

A: Formula: Simple Interest = Principle X Rate X Time/365 days

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A: Present value: According to present value, a sum of money is worth more today than it will be…

Q: n item is 10000, payable in 10 days but if paid in 30 days there will be a P30 discount. Find the…

A: Simple interest = Principal * rate* time (n).

Q: 3. Find the discount interest on Php 20,000 for 210 days at a discount interest rate of 8 %%. What…

A: Present value: The value calculated at the present date of a future cash flow is termed as present…

Q: Find the equivalent future worth of the following payments. Use 6% interest rate compounded…

A: Interest Rate = 6% Compounded Annually Month Month (in Years) = Month / 12 Cash Flow 0 0.00…

Q: D. A man deposits P50, 000 in a bank account at 6% compounded monthly for 5 years. If the inflation…

A: Future value- Future value is the estimated value of an asset in the future, taking into account a…

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

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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

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Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 4months and 25days. Find the…

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Q: We wish to make 6 withdrawals of 1000 each. 1 period Rate = 6% A. Is this an ordinary annuity or…

A: An annuity due is the annuity in which the payment is due for payment at the beginning of the…

Q: What is the equivalent rate of 6% compounded quarterly to compounded bi-monthly? Group of answer…

A: Since you have asked multiple questions , we will answer the first one for you as per policy. Please…

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A: The question is based on the concept of present value calculation for an expected annuity cash flows…

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

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A: An annuity is a contract between you and an insurance company in which you make a lump-sum payment…

Q: At a annual effective rate of interest i, payment of $100 from now,$200 two years from now and $100…

A: YearsCash flows0-$200.001$02$2003$04$100Required:Annual effective interest rate=?

Q: what is the time zero or right now value of $400 ordinary perpetuity an interest rate of 7.5%

A: The objective of this question is to calculate the present value of an ordinary perpetuity. A…

Q: 8- Suppose that you obtain a loan from a bank. The loan amount is 60.000 TL and has a 5 years…

A: To Calculate the annual interest rate on term deposit, first we have to calculate the Installment of…

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A: T bill are sold at discount to face value the discount rate is YEILD on T bills.

Q: Find the present value of the given future amount.

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A: Given: Loan = P 3000 Interest rate = 4% number of days in loan = 72 total number of days in year =…

Q: Amount of loan: 50,000 Annual payment: 10,000 Interest rate: 8% How many years will it take to pay…

A: Paying off the loan means repaying the loan completely. It includes paying the interest as well as…