You have been maintaining a savings account average daily balance of Php 40,000 in Bank JKL for the past year, and the interest rate to be imputed is 0.50% per annum. How much is your interest income before tax after 1 year?

Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: Dawood Private Limited is looking to have an investment opportunity 12 years from now. The…

A: Compute the effective annual rate, using the equation as shown below:

Q: What will be the compound interest on a sum of ₱25,000 after 3 years at the rate of 12% per annum?

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Q: Determine the future value of Php29, 500.00 loan after 7 years at 3% per annum

A: FORMULA: A=P1+rnnt where A= Future value P= Initial value r= rate of interest t= time period n=…

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Q: a Problems 1 -5, find the dom G(x) = – 8x + 3

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Q: If money is worth 9% compounded annually, find (a) the present value of Php 24,000 due in 8 years…

A: Given that: Money worth 9% compounded annually. Future amount : Php 24000 Time : 8 years

Q: 700 TL is borrowed on 01.01.2005 and it is expected to be repaid on 01.01.2006 as 749 TL in total.…

A: Given, Principle amount P = 700 Time period = 01.01.2006  - 01.01.2005 = 1 Year Final Amount A = 749…

Q: How much is the total interest on Mr. Marc Pogi's loan? * O 1,476,237.922 O 1,154,024.752 O…

A: answer : option a) 1,476,237.922Note* in solution I have calculated the approximate values so the…

Q: 4. Mr. Torres plans to invest Php100, 000.00 in a savings account at the time of his son's birth and…

A: Given query is to find the rate of interest.pp

Q: 3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest at 1.5%…

A: Find your answer below

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the amount of…

A: S = P × (([1 + i]n – 1) / i) × (1 + i). Here, S is the final amount of maturity. P is the amount…

Q: Determine the amount of a semi-annual coupon and the total coupon paid for a 3% bond with a face…

A: Given: Total coupon is paid for 3% bond value Face value=ℙ 80,000 Maturity at 15 years.

Q: If Php 5, 000 borrowed at an annual simple interest rate at 15% has to be repaid in 12 months, find…

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Q: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

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Q: What lump sump of money must be deposited in a bank account at present time so that Php 500 monthly…

A: The complete solutions are given below

Q: What is the present value of 1700 dollars to be paid in 5 years, if the effective rate of interest…

A:

Q: hector makes payment of $2000 int an RRSP at the braining of every six months starting today for 33…

A: The objective is to find the accumulated value.

Q: 3. A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded…

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Q: An engineer deposited Php 6,000 every three months at 10% compounded quarterly. Compute the lump sum…

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Q: how much will amortize a product with a down payment of 3,000 Php for a monthly payment payable for…

A: Given Price = 21,000 and 15% discount  time = 2 years

Q: An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the…

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

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