Use a calculator to evaluate the amortization formula m = -nt 1 - 1 +L „(G+1)-1 for the values of the variables P, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $14,000; 6%; 9 yr 2$

Q: John has invested $1200 into an account at 2% interest semiannually, what will his future valu be…

A: topic - compound interest

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: 4. Madam Sara saves RMy in a bank. After 4 years, the total amount of her savings is RM15 500. If…

A: Solution: The principal amount is RM y The total amount is RM 15,500 Time period is 4 years The…

Q: Find the interest earned at the end of 3 ¼ years if ₱ 50,750 is invested at 12% compounded semi…

A: Compound interest formula is  A=P1+rnntP is the principal amount=50750r=0.12t= 3.25 years Replace…

Q: Jep has some amount of money in his Gash account at the beginning of the week. He forgot the exact…

A: The objective of the question is to find out the initial amount of money Jep had at the beginning of…

Q: Michelle invests in a savings account that pays 9% interest compounded monthly. What is the APY for…

A: NOTE: Refresh your page if you can't see any equations. . the given interest rate is r=9%=0.09 for…

Q: In 1 year, you will be paid $1.Will the PV increase or decrease if the interest rate goes up?

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Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: Find ordinary and exact interest on P10 800 for five days at 8% simple interest

A: We need to find Ordinary and exact interest rate. We have given that , P = 10800 r = 8 % = 8100 =…

Q: Dennis plans to save $74,400.00 per year for 4 years. His first savings contribution is expected…

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Q: Solve for R. Your goal is to have Php100000 in 5 years. The bank offers 12% compounded at the…

A:

Q: Find the simple interest on P6275 at 10% for 6 months.

A: GIVEN: P = $6275, R = 10%, T = 6 months

Q: For interest rate i, you are given än+1] = 7.73 and 3-11 = 17.35. Find 11. n- $11

A: For interest rate i, you are given  and .To find the value of .

Q: e of Php 100,000

A: Given as, Corporate bond= 8%, Face value= 100,000, Maturity= 5 years and 7%.

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: My cousin, Hershey, is an newlywed public school teacher who plan for the education of her future…

A: Given Regular deposit=10000.00 Php (monthly) Time t=8 years r=9% annually Apply formula for regular…

Q: Enily bought a $205,000 house down onel financing 10% the rest at s%e intorest fér 20years. Find…

A: Given that Enily bought a house for $205000 10% of this amount has being paid as down payment. So,…

Q: Don borrows P5000 for 2 years at 4% per annum simple interest. He imrnediately lends it to another…

A: Explanation for the correct choice. The formula for the simple interest is I=PRT100. Initially,…

Q: Find the interest of P50,000.00 deposited in a bank that pays 5 ½ % in 165 days. (Hint: 1 year 360…

A: Solution

Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given: Simple interest I=30000 Time (years) t=5 Principal Value P=15000 We have to find Simple…

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years

Q: QUESTION 3 Consider the vector space V = C² with scalar multiplication over the real numbers R, and…

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Q: A family has 100,000 in the bank. They want to withdraw 8,000 every year for as long as necessary.…

A: the family  can made 12 regular withdrawals of 8000 every year.

Q: What amount was invested at 3% if it earned an interest of P2,300 in 2 years and 3 months?…

A:

Q: Alyssa puts $4000 into a saving plan for 10 years at 7.8% annual simple interest. Four years into…

A:

Q: A farmer bought a tractor costing P12,000 if paid in cash. The tractor may be purchased by…

A: Given: initial balance =12000 annual interest rate=8% time period n=5

Q: Mrs. Reyes plans to build a a two - door apartment on her vacant lot. She applied for a loan of…

A: Given Principal amount = 1,750,000 php time = 4 years rate of interest= 10% number of times the…

Q: Find the future value of an annuity due of $2000 paid at the beginning of each 6-month period for 8…

A: The future value of the annuity is calculated using the formula: S=P1+in-1i1+i. Here, P is deposited…

Q: The cost of an engine is RM77,000. The declining balance method is used for computing depreciation.…

A:

Q: A bond with $40 coupons every 6 months is purchased at a discount to yield ja- 8%. If the absolute…

A: We know the Formula for yield is given by: yield = 1+8%22-1        =1+4%2-1         =(1.04)2-1…

Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

A:

Q: How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42 at the…

A: To find How long will Mr. Gutierrez earn P750, 000 if he wants to invest by depositing P13, 315.42…

Q: Calculate the time needed on an investment of 600,000 to gained an interest of 84000of the interest…

A: The formula used is given below I = PRT100 where I is the interest , P is the principle , R is the…