Lia was supposed to make payments of $1,766 6 years ago and $1000 5 years ago to settle a loan. If Lia would like to settle both of the payments today, what total amount would she have to pay if interest of 4.70% compounded semi-annually is charged?
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A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
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A: a. Given An investor invests a sum of Rs. 6000 at an interest rate of 10% compounded quarterly.…
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A: Given the deposit amount = $5000 Interest rate = 6% Future amount = $8000
Q: value of $ 20000 at the end of 10 years
A: (a) FV ($) = 20000 + (20000 x 7% x 10) = 20000 + 14000 = 34000
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A: The formula for calculating the effective annual interest rate compounded continuously is given by r…
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A: i = 16% COMPOUNDED MONTHLY r = ?
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A: Solution:-
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A: Future value of amount = $1000 Present value of amount = $850 Time period = 3 years
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A: We use compound interest formula when compounded continuously. A= Pert A= Future amount P= present…
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A:
Q: Q2. Maria loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first…
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Q: Lara deposited 1000 in her bank account at the beginning of every quarter for 9.5 years. Interest…
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A: Given the invested amount = $2000 Interest rate = 7% Time period = 3 years
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A: Future value = 1000000 Interest rate compounded annually = 12% Interest rate compounded monthly =10%
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A: Correct : A. $7007
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Q: 7. Five equal deposits of $8000 will be made every 3 years starting next year at % per year…
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A: Given:- Amount = $14000 Interest Rate =10% Time = 7 years
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A: Deposited every 3 months = 500 Intrest 12% compounded semi annually
Q: A nominal interest of 5% compounded continuously is given on the account. What is the accumulated…
A: Solution Given information interest rate = 5% compounded annually Present value of amount =…
Q: A nominal rate of 12 % compounded _____ is equal to an effective rate of 12.65 %.
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- Rafael invested $2,000 in a business that yields an annual interest rate of 10% compounded continuously. How much would he get. approximately at the end of 5 years from his investment?Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.Mr. Bill deposited 100,000 pesos in bank account earning interest at the rate of 10% compounded quarterly, what will it become at the end of 10 years?
- Jane deposits $5,000 in a bank account that earns 6% interest compounded semi-annually. How much money will she have after 10 years?How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000 in the account after 8 semi annuals?An independently owned movingcompany wants to have enough money to purchase anew tractor-trailer in four years. If the unit will cost$250,000, how much should the company set aside nowif the account earnsa. 10% simple interest?b. 10% compounded semi-annually?
- How long will it take GH¢2,000 to accumulate GH¢800 interest at 10% compounded quarterly?You buy a car for $27000. You get a loan at 7% interest compounded yearly. You will have 60 equal monthly payments of 5543.63 each month. How much total interest will you have payed on the car loan once all of your payments are complete..You invest 10,000 pesos for 3 years and get 10% interest compounded at the end of each year. What is the compound interest?
- What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years and a quarterly payments $2,000 of the next 5 years if the interest rate is 8% compounded bimonthly? Note: Round off your interest rate to five decimal places Round your answer to 2 decimal places.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?1. Determine the ordinary simple interest on a 5 years loan of $ 195703 at 13.05%. 2. Compute for the effective interest rate. Payment period = monthly Interest period = 3.89% compounded yearly 3. Compute for the effective interest rate. Payment period = monthly Interest period = 20.2% compounded semi-annual 4. Determine the exact simple interest on a 180-day loan of $ 4103.4 at 10%. 5. If you deposit $22115.09 into an account paying 5% annual interest compounded semi-annually, how much money will be in the account after 12 years? 6. Compute for the effective interest rate. Payment period = every 3 months Interest period = 18.78% compounded continuously 7. ₱10,000 is given at 5% per annum for one year and interest is compounded half yearly. Another ₱3,000 is given at 40% per annum compounded quarterly for 1 year. a. Interest earned from ₱10,000 deposited/invested is ₱ Blank 1 b. Interest earned from ₱3,000 deposited/invested is ₱ Blank 2 c. The total interest received is ₱ Blank 3…