What is the total earned interest, and ending balance?

Q: If you deposit $150 in an account with an APR of 6% and continuous compounding, the balance after 2…

A: Information Provided: Principal = $150 APR = 6% Time = 2 years

Q: Jumbo Bato borrowed money from Rovin Patila,payable for 3 years. If the interest rate per year is…

A: Data given: Interest rate (r) = 9% p.a. (assumed simple interest rate) n= 3 years   Loan amount (P)…

Q: Calculator sequence (1+(i÷365))y× n x P=A   A.  On April 13th Thomas Ash deposited $2600 in a…

A: A) Compound amount = A*(1+i/365)^n A = $2600 i/365 = 3.5% n = No. of days = From 13 April to 05…

Q: On 1st July 2020 Bashir purchase a machine for RO 15,000. The terms of purchase was 20% cash and the…

A: Current liabilities are those liabilities which are due in 12 months.   Here the credit amount of…

Q: Create the amortization schedule for a loan of $17,000, paid monthly over three years using an APR…

A: Here, BorrowedAmount $                      17,000.00Interest Rate of Mortgage…

Q: You borrow $50,000 for 5 years. This is an amortized load, meaning that payments are the same each…

A: We take loans to buy large ticket items like a car or a house. The loan is repaid through fixed and…

Q: Date Face Amount Rate Аpг. 10 $96,000 4% 60 days 1. 2. June 24 18,000 30 days 3. July 1 63,000 120…

A: Definition: Interest: The money charged by the lender for using the lender’s funds is referred to as…

Q: Imagine the company that you work for borrows $8,000,000 at 8% interest, and the loan is to be paid…

A: The loan borrowed would be given, with the interest amount. The interest should be paid on the given…

Q: What is the interest earned in a savings account after 12 months on a balance of $4000 if the…

A: Since compounding is annually and we have to find the interest earned for 12 months, formula would…

Q: Give typing answer with explanation and conclusion  1) Marigold Corp. will receive $35,000 today…

A: Net Present Value is also called NPV. It is depend upon future cash inflow & outflow from the…

Q: Solve using amortization table with steps

A: Loan amortization is the loan schedule table in which all the payments, interest charges and what…

Q: eposits of 100 are made to an account today and one year from today. The annual force of interest at…

A: Force of interest is interest compounding continuously and is the highest form of the compounding.

Q: 6. Determine the simple interest earned when $450 is Deposited for 4 years and earns 6.5% per year

A: Interest is earned on the money lent to the borrower. The lender charges interest from the borrower.…

Q: Mark Welsch deposits $7,400 in an account that earns interest at an annual rate of 12%, compounded…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: months. The interest rate is 7% compounded semi-annua determined to be 20.1488. Find the size of the…

A: Loans are paid the periodic payments these payments carry the payment for the interest and payment…

Q: You have taken a loan of $56,000.00 for 27 years at 5.5% compounded quarterly. Fill in the table…

A: Loan amount (PV) = $ 56,000Period = 27 YearsNumber of quarterly payments (n) = 27x4 = 108Interest…

Q: Mark Welsch deposits $7,100 in an account that earns interest at an annual rate of 4%, compounded…

A: Present Value = pv = $7100Compound = Quarterly = 4Interest rate = r = 4 / 4 = 1%Time = t = 2 * 4 = 8…

Q: You got a 22,000 Rupees loan from bank Alflah for the 6 years that is charges 12% interest prepare…

A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…

Q: Calculate the amount of interest you'll have at the end of the indicated period. 22) You invest…

A: Simple Interest is method of computing interest where compounding is not done. Compounding refers to…

Q: John takes out a loan of 10000 at effective rate į. You are given: The first annual payment is made…

A: A loan refers to a contract between two parties where a sum is provided by one party to the other…

Q: Mark Welsch deposits $7,900 in an a earned interest must remain in the ac years? (PV of $1, FV of…

A: Given: Deposit = $7,900 Interest rate = 12% Years = 2

Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

A: We need to use compound interest formula to calculate account balance after 6 years A=P(1+i)n where…

Q: You retre at age 67 Your 401(k) retirement plan has a balance of $2.500 000 00 Suppose the account…

A: Monthly withdrawals = $5500 Interest rate = 5% compounded monthly Balance before withdrawal (Month…

Q: A person deposits 200$ at the end of first, 300$ at the end of second and with draw 150$ at the end…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Complete the following table: (Use Table 15.1.) Note: Round your intermediate calculations and final…

A: The process of amortization is used to account for the progressive reduction of a liability or to…

Q: Parts a–c for each of the following cases. Answer parts a–c for each of the following cases.…

A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…

Q: S) 5.8

A: formula:Scheduled Principal Repayment = Beginning Principal Outstanding * (Pass Through Rate - SMM)

Q: What is the balance in an investment account at the end of 5 years if $3,000 is deposited today and…

A: To calculate the future value of an investment with the formula to be engaged…

Q: 40,000 is repaid over 9 years with payments occurrir = the size of the periodic payment? = the…

A: interest rate is compounding quarterly so we have to find effective annual interest rate.

Q: An investment offer nominal interest rate of 6% compounded monthly. Monthly interest is computed…

A: Future value of money is the amount of deposit done and amount of compounded interest accumulated…

Q: Complete the first two months of each amortization schedule for a fixed-rate mortgage Mortgage,…

A: Number of monthly periods = Number of years×12 = 16×12 = 192 Monthly interest rate = Annual rate12 =…

Q: Activity 1.1 Directions: Complete thetable by comOting the future value and present value of an…

A: Please see the next step

Q: Find the present value of an account if the future value is $4,200 at 6 #% simple $ interest from…

A: Present value is the current value of a future amount with a specified rate and at a specified time.…

Q: What is the amount of interest expense in the current year and the following year from this note?…

A: Interest expense is the cost incurred for borrowing the fund. Interest is calculated on the…

Q: long term note payable $100,000 and promise to pay back the principal and 6% semi annual interest…

A: Notes payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: certain piece of equipment can save $16820 per year in labor and materials costs. The equipment has…

A: The given problem can be solved using PV function in excel. PV function computes present worth/…

Q: Assume that you deposit $1,000 in an account earning 5% simple interest for 3 years. What is the…

A: Given: Deposit = $1,000 Interest rate = 5% Years = 3

Q: What is the maturity value of a 45-day note for $1,250 that is dated for May 23 and with interest at…

A: solution we are required to calculate the maturity value of 45 day note for $1250 interest rate…

Q: Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded…

A: The formula to calculate the future value (maturity value) of a deposit compounded quarterly is…