Homework Answers
| Part 1 Assuming Compound interest | ||
| Amount= Principal x (1+R/100)^n | ||
| Principal | X | |
| Rate | 1.5% pm | |
| Time | 3 Months | |
| Amount | 250 | |
| Principal= | Amount | |
| (1+R/100)^n | ||
| 250 | ||
| (1+1.5/100)^3 | ||
| 239.08 |
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What amount of principal will produce $250 in interest at the...
What amount of principal will produce $250 in interest at the end of three months when...
What amount of principal will produce $250 in interest at the end of three months when the interest rate is 1.5 percent per month? (show calculations)
You just graduated from college and decide to start saving for a down payment to buy...
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1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years...
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here's the solution for the problem but still not coming up with the answer. how to...
here's the solution for the problem but still not
coming up with the answer. how to calculate the problem on
calculator?
1. Sammy anticipates that he will need approximately $250,000 in 17 years to cover his 1- year-old daughter's college bills for a 4-year degree. How much would he have to invest today at an interest rate of 8% compounded monthly? 1113 69% = 5.82 1310 Solution: Sammy would need to invest $65,032.18 into the account today to make $250,000...
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Please I need aclarify answers with details in all the questions. Thank you 1. Newborn baby...
Please I need aclarify answers with details in all the
questions. Thank you
1. Newborn baby Gregory, born today, has doting grandparents who education. They calculate that he will need S25,000 per year for 4 years beginning at age 18. In addition, they'd like to give him a lump sum of S50,000 at age 22 so he can buy a car for his graduation. They want to make 18 equal annual payments into a 10% interest-paying account (starting today and...
Need help, please show work for solutions. 1.) An investor just invested $10,000 in an investment that is expected to ea...
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What amount of principal will produce $250 in interest at the end of three months when the interest rate is 1.5 percent per month? (show calculations)
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
here's the solution for the problem but still not
coming up with the answer. how to calculate the problem on
calculator?
1. Sammy anticipates that he will need approximately $250,000 in 17 years to cover his 1- year-old daughter's college bills for a 4-year degree. How much would he have to invest today at an interest rate of 8% compounded monthly? 1113 69% = 5.82 1310 Solution: Sammy would need to invest $65,032.18 into the account today to make $250,000...
What is the present value of a $500 perpetuity if the interest rate is 6%? If interest rates doubled to 12%, what would its present value be? Round your answers to the nearest cent. Present value at 6%: $ Present value at 12%: $ You borrow $85,000; the annual loan payments are $11,339.91 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. You have saved $5,000 for a down payment on...
TOPC. X51) If an investor buys a 39-week T-bill with a maturity value of $25,000 for $23,543 what annual interest rate (annual yield) will the investor earn? (Express your answer as a percentage, correct to one decimal place.) *52) An investment company pays 7% compounded quarterly. What is the effective rate? (Compute the answer to two decimal places). 53) How much should you invest now at 6% compounded semiannually to have $8,500 to bu a car in 2.5 years? ve...
Please I need aclarify answers with details in all the
questions. Thank you
1. Newborn baby Gregory, born today, has doting grandparents who education. They calculate that he will need S25,000 per year for 4 years beginning at age 18. In addition, they'd like to give him a lump sum of S50,000 at age 22 so he can buy a car for his graduation. They want to make 18 equal annual payments into a 10% interest-paying account (starting today and...
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