Q: 22. You deposited $15,000 in a savings account five years ago. The account has earned 5.25% interest…
A: here we calculate the money is in the account today by using the formula which are as follow-
Q: .If the rate of interest is 8% compounded quarterly, find the nominal rate of interest.
A: Answer is given below
Q: How long will it take for $5,000 to double when invested at 8% compounded quarterly?
A: Formula for compound interest is A = P(1=r/n)^(tn) Where n is the compounding frequency P is the…
Q: 4. San Juan Rural Bank is offering to the public their savings account scheme that pays 9.84%…
A: Interest is the amount paid in excess of the principal amount by the borrower to the lender. The two…
Q: 1. Convert the following rates (a) 10% to compounded daily. (b) 20% simple interest to compounded…
A: Compound Interest refers to the addition of interest to the principal sum of a deposit/loan, or in…
Q: If the effective interest rate is 24%, what nominal rate of interest is charged for a continuously…
A: An effective interest rate is defined as the real rate of return on interest-paying investment when…
Q: A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth.…
A: It is given in the question that, Principal amount(P)=5,86,702. Interest rate(i)=1.7% or 0.017…
Q: What is the effective interest rate per payment period for an interest rate of 12% compounded…
A: The interest rate that accounts for the compounding periods over the course of a repayment plan is…
Q: What is the amount of 10 equal annual deposits that can provide five annualwithdrawals, when a first…
A:
Q: MARIE PURCHASED A LOT AND AGREED TO PAY $1,600 A MONTH FOR 15 YEARS. IF MONEY IS WORTH 9% COMPOUNDED…
A: According to the given question:- Future value of the amount will be = R[(1+i)^n -1]/1 R = Regular…
Q: 1. How many years will a deposit triple itself at an interest rate of 7% per annum compounded…
A: Hi! Thank you for the question, but as per the guidelines, we answer only one question at one time.…
Q: 2. Which of the following gives the lowest effective rate? A. 12.35% compounded annually B. 11.9%…
A: Effective annual interest rate formula: reff = (1 + r /n)n - 1 Where refff is an effective interest…
Q: The sum of $ 26,000 was deposited in a fund earning interest at 8% per annum compounded quarterly.…
A: Interest is the amount paid in excess of the principal amount by the borrower to the lender. The two…
Q: 2. What is the future worth of #10,000 invested every month for five years at 8% interest rate…
A:
Q: Lee wills loaned Audrey $17300 to open her shop after 5 years Audrey will pay back Lee with 16%…
A: The formula for compound interest will be: A=P1+R4004t Where A is the amount received after 4 years…
Q: How many years will it take an investment to triple if the interest rate is 8%compounded(a)…
A:
Q: Jon’s grandfather was planning to give him $11,000 in 14 years. Jon has convinced him to pay him…
A: Continuous compounding is the concept where the Compound-Interest for a principal is compounded to…
Q: 5. For an interest rate of 8% compounded annually, find: How much will be required 5 years hence to…
A: here we calculate the payment value of loan after 5 year by using future value formula which are as…
Q: Question (1): Mark "True" for the correct phrases and "False" for the incorrect phrases * True False…
A: in a market, when an individual make an investment, he must analyze the codt and returns associated…
Q: б. ( You are given a loan on which interest is charged over a 4-year period, as follows: i. an…
A: The rate of interest is the cost of borrowing money or the return for lending money.
Q: 7. Calculate the effective annual interest rate of the following: a. 12% compounded annually b. 12%…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…
Q: Please answer completely and clearly. , year יויויויויי in millions whatis the future worth of these…
A: We have given the cash flow in which yearly payment is made but the rate of interest is compounded…
Q: How long will it take the money to triple itself if invested at 8% compounded annually
A: interest rates are the rates at which the investment will be calculated and returns will be…
Q: 1. Accumulate P 3,000 for 9 years at 6 percent interest compounded quarterly. How much is the…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: . What is the current value of a $50 payment to be made at the beginning of each year, for three…
A: In economics, present value refers to the current value of a future stream of cash flow. The future…
Q: 2. How much must be deposited at the end of each 3 months at 8% interest compounded quarterly to…
A: Future value = 90000 $ Time = 7 years Interest rate = 8 % compounded quarterly Quarterly rate = 8 %…
Q: If an investor invests a sum of $1000 in a bank for 1 year with an interest rate of 10% compounded…
A: Given the invested amount = $1000 The investment made for a time period = 1 year Interest rate = 10%…
Q: If you had BD 4,500 now and invested at 13% interest compounded annually, how much would it be worth…
A: Investment Amount = 4500 r = 13% n = 8
Q: Suppose that $1,000 is invested at 7% interest compounded monthly. Use the formula A = (1 +)". (a)…
A: Given: Amount invested=$1000 Interest compounded monthly=7% Formula to be used: A=P(1+r/n)nt
Q: 5. Calculate the effective rate corresponding to each of the following rates: a. 9% compounded…
A: Effective interest rate = (1+im)m -1 where i is nominal interest ratem is number of compounding…
Q: 6. What interest rate compounded monthly is equivalent to 10% effective rate?
A: 6. Monthly (n)= 12 compounding periods i= 0.1
Q: 1.1 If you desire to withdraw the following amount in the schedule below from the savings account…
A: The deposit in year 0 can be calculated by using the following formula.
Q: Compute the effective annual interest rate in each of these situations: a. 10% nominal interest,…
A: A. Effective annual interest rate = 1+inn-1i=Nominal interest raten=Number of calculation in a…
Q: What effective annual interest rate corresponds to the following situations? nominal interest rate…
A: a. Effective annual interest rate = 1+inn-1=1+5%22-1=1+0.0522-1=1.0252-1=1.050625-1=0.050625=5.0625%…
Q: 8. An effective rate of interest, which is 12.75%, is equivalent to what percent if compounded…
A: Given Effective rate of interest (ER)=12.75% We have to calculate equivalent interest rate…
Q: An advertisement of an investment firm states that if you invest ₱500 in their firm today you will…
A: The investment curve refers to the indirect relationship between interest rate and investment. The…
Q: 42. Find the equivalent rate of interest of 9% compounded quarterly to an interest rate compounded…
A: Given interest rate = 9 % compounded quarterly Quarterly rate = 9 % / 4 = 2.25 % Annual effective…
Q: How long would it take an investment to triple if the interest rate is 6% compounded annually?
A: Answer Given in the question - Interest rate = 6% = 0.06 Need to find - Time for investment to…
Q: What value of A makes the two annual cash flows shown in the following diagram equivalent at 12%…
A: Answer: The two annual cash flows will be equivalent if the present values of both are equal at a…
Q: What is the effective interest rate for a. 15% compounded quarterly? b. 18% compounded…
A: Effective Interest rate = (1+rn)n -1where r is interest rate and n is time period.
Q: Once you have defined the words above, draw the following comparisons: 1. How is a fixed interest…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Use interest tables. Suppose that $1,000 is invested for 4 years at an interest rate of 12%,…
A: Following is the given information: Investment amount = $1000 Investment made for time period = 4…
Q: What amount a man deposit each year so that he can withdraw P 50 000 at the end of ten years. If the…
A: Given information, Future value (F): P 50,000 Time period (n): 10 years Interest rate (r): 6%…
Q: How long will it take $ 50 to be four times its value if invested at the rate of 7% compounded…
A: Interest, is that the adding of interest to the corpus of a loan or deposit. it is the outcome of…
Q: In compound interest, the interest for the current period is computed based on the amount (principal…
A: Compound Interest is the Interest that is calculated on the base Principal amount and accumulated…
Q: If you are LOANING money to another party, would you prefer to offer a 12% interest rate compounded…
A: In economic and financial transactions, an individual will always prefer an alternative that gives…
Q: What interest compounded monthly is equivalent to an interest rate of 78.9% compounded. quarterly?
A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: What interest compounded 10 times a year is equivalent to an interest rate of 5% compounded…
A: Compounding Interest rate = 5% quaterly
Q: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…
A: Pieces of information given in the question: Annuity = $5000Annuity made = QuarterlyTime = 10…
1. What interest rate compounded monthly is equivalent to 10% effective rate?
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- How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3 years?You invest 10,000 pesos for 3 years and get 10% interest compounded at the end of each year. What is the compound interest?Interest rate... How much do you need to deposit in an account today in order to have $11,000 in the account in 6 years? Assume the account earns 9% interest compounded monthly.
- What effective annual interest rate corresponds to the following situations? nominal interest rate of 5% compounded semi annually b. nominal interest rate of 6% compounded monthly а.Please solve in 20 minute Kyle wants to save $15,000 so he can take a trip to Australia when he graduates from college three years from now. How much must he contribute to a savings plan at the end of every month if the plan earns 4% compounded monthly?Mr. Benedito, a grocery store owner, borrows $50,000.00 from a loan shark, handing him a $77,000.00 promissory note with a maturity of 6 months. What is the annual and monthly simple interest rate charged by the loan shark?
- a. If an investor invests a sum of Rs. 6000 at an interest rate of 10% compounded quarterly. After 3 years he invests an additional Rs 3000. After 6 years what will be the balance in the account? What if compounded annually?Money deposited in a certain account for which the interest is compounded continuously. If the balance doubles in 6 years, what is the annual percentage rate?Provide answers in the form of a percentage to three decimal places . (a).What is the effective annual interest rate of a 4 % nominal annual interest rate compounded daily . (b).What is the effective annual interest rate of a 2 % nominal annual interest rate compounded weekly ? (c).What is the effective annual interest rate of a 7 % nominal annual interest rate quarterly ?
- A department store has offered you a credit card that charges interest at 1.05% per month, compounded monthly. a. What is the nominal interest (annual percentage) rate for this credit card? b. What is the effective annual interest rate?Mr. Bill deposited 100,000 pesos in bank account earning interest at the rate of 10% compounded quarterly, what will it become at the end of 10 years?The compound interest on a certain sum of money for 2 years is $ 52.00 and the simple interest for the same time at the same rate is $50.00. Find the rate %. Show formula and solution.
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