Q: Find the nominal interest compounded quarterly equivalent to 12.00% effective interest?
A: Effective annual interest rate is rate that is regarded as the real return on a loan or savings for…
Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…
A:
Q: 5. Find the amount due at the end of 15 months whose present value is $ 2,000 at 5% simple interest.
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
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: Determine the amount of installment if a man bought a machine costing P 25,000 payable in 10…
A: Installment cost can be calculated as follows: A=P1+rnnt25,000=P1+0.26210×225,000=P11.523P=2,169.57
Q: What quarterly payment is required over 15 years to equate with a future amount P150,000? Assume…
A: Answer: Compound interest is a calculation of the principal amount also the interest accumulated in…
Q: Find the equivalent rate of 6% compounded semi-annually in a compounded quarterly.
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: How long should ₱50,000 be invested at 6% compounded semi-annually if it should earn an interes
A: Principal amount is given which is equal to 50,000. We are required to find out the number of years…
Q: ou borrow P 5,000.00 for one year from a friend at an interest rate of 18% compounded monthly…
A: Given the borrowed money = 5000 The interest rate in case of a loan from a friend = 18% The interest…
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: What will be the required monthly payment torepay a loan of $72,000 in eight years if the…
A: Interest is the cost of capital. There are primarily two ways to calculate the rate of interest.-…
Q: An investor needs 41,000 in 15 years. What amount should be deposited in a fund at the end of each…
A: Fund: It refers to the amount of that is deposited by people at various places that provides them…
Q: Money borrowed today is to be paid in 6 equal payments at the end of each quarter. If the interest…
A: answer was attached below
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: You deposit $2000 in an account earning 8% interest compounded continuously. How much will you have…
A: When you earn compound interest, you earn interest on both the money you've saved and the money…
Q: Michelle Hunter received $250,000 from an insurance company after her hus- band's death. Michelle…
A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…
Q: Which of the two rates would yield the larger amount in 1 year? (A) 2% compounded quarterly B) 2.02%…
A: Answer to the question is as follows:
Q: Find the equivalent rate of interest of 9% compounded quarterly to an interest rate compounded…
A: Given interest rate = 9 % compounded quarterly quarterly rate = 9/4 = 2.25 % effective interest rate…
Q: 1. Accumulate P 3,000 for 9 years at 6 percent interest compounded quarterly. How much is the…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: What single payment at the end of year 5 is equivalent to an equal annual series of payments of 600$…
A: Present value: It means the current value of the future sum of money for a specific rate of return.
Q: Erwin expects to receive 20,000 dollars in 10 years. If interest is computed at 6% compounded…
A: Given: Amount (A)=$20000 Interest rate (r)=6% compounded continuously Number of years (t)=10
Q: At 8% annual interest compounded monthly, how long will it take to become a millionaire if you…
A: The annual interest rate is 8%, compounded monthly The amount invested is $150,000 We have to find…
Q: What is the nominal rate of interest compounded semi annually which is equal to 10,52 % compounded…
A: Ans in step 2
Q: At a certain interest rate compounded quarterly, P1T will amount to $5T in 10 years. What is the…
A: Given Present value P=$1T Future value F= $5T Time = 10 years We have to calculate the rate of…
Q: Which of the following has the least effective annual rate of interest? 12.30 % compounded annually…
A: The value of effective rate of interest depends upon the componding period.
Q: Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?
A: P = P3,000 n= 4 (because it is compounded quarterly) t = 9 r = 6% = 0.06 A = P(1+r/n)nt = 3000 x…
Q: 8 years ago, a man borrowed P 150,000 from a bank with an interest rate of 8% compounded quarterly…
A: Given Borrowed amount = 150000 Time = 8 years Interest rate = 8 % compounded quarterly Present value…
Q: How many years will it take an investment to triple if the interest rate is 8% compounded…
A: Compound interest refers to the adding of interest to the principle amount of a loan or deposit, or…
Q: What annual nominal rate compounded semiannually has the same annual percentage yield as 13%…
A: Let r be the annual nominal rate of interest compounded annually. Therefore, APY=1+rnn-1 And APY of…
Q: Suppose you make equal quarterly deposit of $ 1,000 into a fund that pays interest rate of 12%…
A: Quarterly deposit = 1000 Interest = 12% Balance at the end of 3 years = ?
Q: What effective annual interest rate corresponds to the following situations? a. nominal interest…
A: a) Given data: Nominal interest rate i=5% Compounded semi annually.
Q: Without using excel: What is the present equivalent of a uniform series of quarterly payments of…
A: Given Interest rate = 8 % compounded bimonthly Bimonthly rate = 8 / 6 = 1.33 % Quarterly rate = (1 +…
Q: Lia wishes to have $3000 after 3 years in an account that draws 6% nominal interest compounded…
A: In this question we have to find out the principal value with the help of the above information.
Q: How much do eight ₱ 69,058 quarterly payments amount at present, if the interest rate is 3…
A: Eight equal payment of 69058 quarterly for 8quarters. This is case of annuity where constant amount…
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: 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: 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: What equal monthly payments will repay an original loan of $10,000 in six months at a rate of 6%…
A: P= $10000 n=6 r=6%
Q: ow long (in years) will it take to quadruple it earns 0.08 compounded semiannually?
A: Given interest rate = 8 % compounded semiannually Semi annual rate = 8 / 2 = 4 % The rule of 144 As…
Q: If the interest rate is 6% compounded quarterly, how long (number of quarters) will it take to earn…
A: The interest income on any instruments such as bank deposits and bonds is the amount received over…
Q: How long will an account invested at 11.5% compounded yearly be tripled?
A:
Q: (ou have just taken out a mortgage for $5 75,000, at a fixed rate of 4.75% per rear, compounded…
A: The term mortgage refers to a loan used to purchase or maintain a home, land, or other types of real…
Q: how long does it take for an investment to double at 1.4% compounded continuously
A: Continuous compounding is the numerical furthest reaches that accruing funds can reach if it's…
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: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…
A: Given values in the questions: Payment made quaterly = $5000 The time period for which the payment…
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…
How long will it take GH¢2,000 to accumulate GH¢800 interest at 10% compounded quarterly?
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- You invest 10,000 pesos for 3 years and get 10% interest compounded at the end of each year. What is the compound interest?Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?Jane deposits $5,000 in a bank account that earns 6% interest compounded semi-annually. How much money will she have after 10 years?
- If P50,000.00 compounded shall accumulate for 10 years at 8% compounded quarterly. Find the interest at the end of 10 years.What amount a man deposit each year so that he can withdraw P 50 000 at the end of ten years. If the interest rate is 6% compounded continuously?You borrow $ 27965 at 12.25 % interest compounded monthly. If you are unable to make any payments for 5 years, how much do you owe at the end of 5 years? No rounding off to interest rate and round off your final answer to 2 decimal places.