Tyrone invested a sum of money 10 years ago in an account that paid 2.25% per year compounded quarterly. He recently closed the account and received Php175,000. How much did he originally invest in this account?

Q: ang borrowed $5200 from his friend to pay for remodeling work on his house. He repaid the loan 8…

A: Compound interest refers to the method of calculation of the interest earned on an investment where…

Q: Your sister just deposited $6,500 into an investment account. She believes that she will earn an…

A: Present Value (PV) calculates the current worth of a future sum of money or a series of future cash…

Q: Brianna invested the profit of his business in an investment fund that was earning 3.75% compounded…

A: Present value refers to an amount that is being invested initially in the investment for a definite…

Q: Elwin Tulpo invests Php1,000 in a Bank at 10% a year for five years, but when the interest is…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Your grandmother deposited $10,000 in an investment account on the day you were born to help pay…

A: Solution:- An amount deposited today somewhere earns interest. The amount invested in beginning is…

Q: Nate agreed to pay $550,000 for a house. He made a $125,000 down payment and financed the balance…

A: We need to use loan amortization formula below to calculate monthly payment PMT =P*i1-1(1+i)n where…

Q: At the end of 5 years, Tom earned $60 on an investment that had earned 4%. How much was the original…

A: It is assumed the given interest is compounding interest, compounded annually.

Q: Fernando invested money in a 3-yr CD (certificate of deposit) that returned the equivalent of 6.5%…

A: A Certificate of Deposit (CD) is a type of savings account offered by banks and other financial…

Q: Mike invested $4040 for 3 years and earned $410. What interest rate was this invested at?

A: Investments are the processes in which individuals and investors make investments or save their…

Q: Vijay

A: The objective of the question is to find out how much money Ms. Burke invested in each of the two…

Q: Jennifer Nelson deposited $500 into a savings account earning 3%, compounded semiannually. After 5…

A: Principal = $500 Interest = 3% (compounded semi annually) n=2 (semi-annually) t= 5 years   Formula…

Q: Fifteen years ago, you deposited $15,400 into an account. Eight years ago, you added an additional…

A: Deposited $15400 15 years ago. Deposited $6000 8 years ago Interest for First 7 years is 10 %…

Q: Ashton invested $8450 for five years in his savings account that was earning 3.2% compounded…

A: To calculate the future value we will use the below formula   Future value = P*(1+r)n Where Invested…

Q: Kate invested $1,200 4 years ago at 7% per year for 7 years. 2 years ago, she invested $2,000 at…

A: Here, Details of First Investment are as follows: Investment Amount is $1,200 Investment made 4…

Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…

A: Using the Future value function in excel

Q: Michelle Payne deposited $4,000 in a savings account paying 6.25% simple interest. How long (in…

A: Calculation of Simple Interest The purpose to provide the interest for the loan is repayment with…

Q: Obtain today's value of the investment account.

A: The time value of money implies that the cash in hand at present has a higher value than the cash…

Q: Suppose 10 years ago your father deposited $ 25,000 in an account earning 4.6%. Every year you…

A: First step is to compute the future values of withdrawals staarting 9 yrs ago till today by applying…

Q: Kerry invests $234 in a savings account that earns 2.1% compounded annually. Andy invests $234 in a…

A: Formulas: Future value = Present value *(1+rate)^years

Q: Steven invested the profit of his business in an investment fund that was earning 3.50% compounded…

A: Present value refers to an amount that is being invested initially in the investment for a definite…

Q: Your sister just deposited $9,000 into an investment account. She believes that she will earn an…

A: The concept of time value of money will be used here. Since future value has to be computed we will…

Q: Your cousin deposited some money into an account earning 4.75% interest, compounded daily, three…

A: Interest Rate (rate) = 4.75%Type of compounding = DailyNumber of times interest compounded in a year…

Q: K Ms. Burke invested $30,000 in two accounts, one yielding 6% interest and the other yielding 9%. If…

A: Amount invested refers to an amount that is being invested by the investors for the purpose of…

Q: how much was in the account immediately after his 35th deposit if: a)the account earned annual…

A: The future value of an investment forecasts the expected value of an investment at a given future…

Q: Susan Myer had invested $2500 in an ABC bank Certificate of Deposit when she inherited trust funds…

A: Calculation of Compound Interest Rate per monthly   Formula  r = n[(A/P)1/nt-1] Where r = Annual…

Q: Jim invests $15,000 today into an account, If the amount in the account accumulates to $17,364.37 at…

A: The rate of interest can be computed with the help of future value function.

Q: cecilia invested $5000 in an account four years ago. Today her account has a balance of $6200. Given…

A: Present value=$5000Future value=$6200Period= 4 yearsPeriod= 16 quarters

Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: Katie invested $191 for 16 months in a bank and received a maturity amount of $209.50. If she had…

A: Question 1:Interest earned = Maturity amount - Invested amountInterest earned = $209.50 - $191 =…