What is the correct answer to questions 1, 2 and 3? 1. What will be the value three years from now of Php 60,000 that is deposited now at an interest rate of 6% compounded quarterly? 2. Calculate the compounded amount if Myra deposited Php 30,000 in a bank which pays 8% compounded quarterly for five years? 3. Harold expects to receive Php 200,000 five years from now. How much is the money worth now if the interest rate is 10% compounded monthly?

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: 1. Joshua wants to have Php 250,000 at the bank after4 years in time for his graduation. He plans to…

A: Amount after 4 years = Php250000 Interest rate is 12% compounded monthly.

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$6,600 per…

A: Given that $6,600 per year can be withdrawn for 7  years, with the first withdrawal to start four…

Q: In order to save for her high school graduation, Ruby decided to save Php 200.00 at the end of each…

A: Given, periodic payment is P=200 interest rate R=0.1212year-1 number of years is B=6 and number of…

Q: prder to accumulate enough money for a down payment on a house, a c ch money will be in the account…

A: Introduction: The formula of the annuity is given by, A=R·1+rnnt-1rn Where r is the interest rate, t…

Q: If you need $8000 to travel to Europe after you graduate in 4 years.  How much would your monthly…

A: The compound interest formula is,

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: Find the present value that m deposited now to amount to 24,500 in 5 years at 8%

A:

Q: You deposit $300 each month into an account earning 7% interest compounded monthly. i) How much…

A: Given : You deposit $300 each month into an account earning 7% interest compounded monthly.   To…

Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

A: s per our guidelines we are supposed to answer?️ only one question. Kindly repost other question as…

Q: A father wants to set aside money for his son's future college education. Money can be deposited in…

A: Consider the yearly amount deposit=$x The rate of interest r=8.5%=0.085 The amount of money at the…

Q: Suppose that RM9,000 is deposited for 6 years in an account paying 8.31% per year compounded…

A:

Q: If $10,000 is intially deposited in an account and left in there for 20 years, what will be the…

A: We use the formula: A=P(e)^rt Where, A=future value P=present value e=2.71828 t=time period r=rate…

Q: What is the correct answer in questions 1 and 2? 1. Calculate the principal sum which, if deposited…

A: Let us considre P be the principal amount, r be the rate of interest and t be the time period . Let…

Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

A:

Q: A bond pays dividends of $110 at the end of each year. If the bond matures in 20 years, what is the…

A:

Q: c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long…

A: Solution :-

Q: 4. The buyer of a certain machine may pay either Php 20,000 cash down payment and Php 20,00o…

A:

Q: Ali wishes to replace payments of $1050 due today and $1250 due in 22 months by a single equivalent…

A: Amount for the principal P, rate r, time t and compounding factor n is calculated by,

Q: Suppose $2500 is invested at an annual percentage rate of 3.25% compounded quarterlyper year. A)…

A: The amount after 2 years is given by  A=P1+r100nt where r is the rate of interest and t is the time…

Q: How much should be placed in a fund every 3 months in order to have Php350,000 in 4 years if the…

A: The formula for future value of an annuity is defined as, F.V. of Annuity=P1+in-1i where, P=Periodic…

Q: Angelica received a 12 year non subsidized loan of 17,000 at an annual interest of 5.5 % compounded…

A: Loan amount=$17,000Rate of interestr=5.5%=0.055Monthly rate of…