You deposit Php5000 in an account earning 6% interest, compounded semiannually. How much is in the account at the end of 1 year? Php 150 Php 5300 Php 5150 Php 515

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

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Q: $102 is invested in an annuity at the end of every month at 8.5%.  Find the value of the annuity at…

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Q: Yoy deposit $200 each month in an account earning 3% interest compounded monthly. How much total…

A: Given that $200 deposited each month in an account and earning 3% interest compounded monthly.

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: what is the 2%interest rate over 5 years

A: here given    carlos has 3000 to open a bank account p =3000 R =2% N = 5 years  I =PRN100

Q: Find the principal if the interest is ₱3500, the rate is 4.5% and the time is 1.75 years.

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Q: What is the present value if after 6 years the money earns Php85, 200 at 8.25% rate?

A: Note that since we are only given the rate 8.25% and nothing more is specified, the rate is assumed…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: Proud Papa took out a loan for $15,000 for his daughter’s wedding. He can borrow the money from a…

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Q: A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. Determine the sum of each…

A: Given A man borrows GH¢12,000.00 from the bank at 15% per annum for 3 years. To Determine the sum of…

Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: You can afford $1,000 per month as a house payment. If you can get a home loan at 5.2% interest for…

A: Given that The monthly payment PMT=$1000Interest rate  r=5.2%=5.2100=0.052Compounded monthly…

Q: The bank is paying 9% interest compounded monthly. If you deposit P1,000 at the beginning of each…

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Q: Jennifer earned $ 42.55 interest over the period of 146 days on a term deposit that pays 5.75 % per…

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Q: loan

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Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

Q: $1,400, at 8% interest, for 42 months

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Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: accumulate 70,000 for 2 years and 9 months at 2 3/4% simple interest

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Q: $10,000 put in bank account for 40 years at 3% interest, compounded monthly?

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Johnny found a job at McDonalds with a starting salary of $27,000. He is guaranteed a raise of 4.75%…

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Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

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Q: Richard spends $22.72 every month into mortgage at the end of 30 years he has a balance of…

A: Amount spends by Richard every month = $22.72 Time period of amount spent in months = no. of years *…

Q: Divya has a 30-year mortgage for $248,000 with a 3.8% fixed annual interest rate. What is the total…

A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

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