Related Finance Q&AFind answers to questions asked by students like you. Show
Q: On 1 January 2002, Rs 500,000 was borrowed by Mr Needy from a bank for a period of 10 years at a… A: Annual payments for the borrowed money is the amount that the borrower will pay annually to the… Q: A man borrowed P 150,000.00 from the bank payable on the 1st day of every month for 2 years. If he… A: An interest rate is a rate that is the cost of borrowing money. Q: A payment of $400 was made at the end of each year for five years into a savings account. The… A: Principal amount=Payment per year×Number of years=$400×5=$2,000 Q: a. A bank must collect to a man from his debt a sum of ₱10,000.00 at the end of 8 years. The debt is… A: Because you have posted multiple questions, we will answer the first question only, for the… Q: RM100 is deposited every month in an account that pays 12% compounded monthly for two years. After… A: Answer - Given, R = 100 r = 12% t1 = 2 i = 12%/ 2 =1% n1= 12(2) = 24 n2 = 12(3) = 36 Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following… A: Present value is the present worth of any sum of money to be received in the future at a specified… Q: A regular deposit of $120 is made at the beginning of each year for 20 years. Simple interest is… A: Simple interest is the interest paid or computed only on the principal amount of money. It odes not… Q: A regular deposit of $120 is made at the beginning of each year for 20 years. Simple interest is… A: Under simple interest method, interest is received on amount deposited for the period of time. Q: Mr. X financed his house by taking a loan of Rs. 71, 00,000 @ 10% p.a. and has paid Rs.15, 00,000… A: Loan amount (PV) = Rs. 71, 00,000 Interest rate (r) = 10% Number of annual payments (n) = 10 Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following… A: So in the question asked, We will first list down the important details provided 1) Deposit Amount =… Q: Find the compound amount and the interest if: Php25 350.00 is deposited in a savings account at 7%… A: The future value is the future value of the amount that has to be paid or received in the future… Q: RM500 was deposited every quarter into an account at 5% compounded quarterly. Find the number of… A: A borrower of a loan pays the interest expenses along with the principal payment to the lender… Q: A person deposits $2750 in an account that yields 3.5% interest compounded annually. Set up a… A: Deposit amount (D) = $2750 Annual yield (r) = 3.5% Q: A man bought an equipment costing P60,000 payable in 12 quarterly payments, each installment payable… A: The amount of each payment can be calculated with the concept of present value of annuity. Since the… Q: FIND THE AMOUNT OF 12,000 AFTER 2 YEARS COMPOUNDED ANNUALLY, THE RATE OF INTEREST BEING 5 DURING THE… A: Click to see the answer Q: An amount of P100,000 was borrowed and was to be repaid in ten installments at the end of every year… A: Let the first payment = X Second payment = X + 1000 and so on n = 10 years r = 12% Loan amount (L) =… Q: A MAN PAYS HIS DEBT IN THE FOLLOWING MANNER: P1,000 AFTER 1 YEAR, P900 AFTER 2 YEARS, P800 AFTER 3… A: Payment after year 1 = P 1000 Payment after year 2 = P 900 Payment after year 3 = P 800 Payment… Q: Three years ago,Johnson deposited RM6,700 into an account that paid an interest rate of 6%… A: In this question we need to calculate the interest earned amount. First we need to calculate the… Q: Deposits of Php 1500 each were made in a sinking fund at the end of each year. If the fund earned… A: Deposit each month = 1500 End of year deposits Interest Rate = 6% Future Value after seventh deposit… Q: Find the compound interest and the amount if 25,000 pesos is invested for 2 years at 6% compounded… A: Click to see the answer Q: P50,000 was deposited on savings at a rate of 10% per annum for 3 years. What is the compound… A: The present value that is compounding over the period of time will be turned out as future value.… Q: A sum of $1,000 is deposited at 8% interest, compounded annually for 5 years. What is the future… A: In this question we require to compute the future value of investment from the details given. Q: Daniel deposited (RM 6000 + m) in a savings account for 12 years at a nominal rate of 9% compounded… A: Compound interest is referred as the interest which is calculated on principal amount which involves… Q: RM250 is deposited every 2 months into an account for 10 years. Calculate the accumulated amount if… A: In this first we have to calculate effective interest annual and than find out Bimonthly interest. Q: An individual makes five annual deposits of Php 2,000 in a savings account that pays interest at a… A: Annual deposit (P) = Php 2,000 Interest rate (r) = 4% Number of annual deposits (n) = 5 Interest… Q: An amount of $1,000 is deposited in an account that carries a rate of 8% compounded semi- annually.… A: Compound interest is referred as the interest which is calculated on principal amount which involves… Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following… A: First deposit = P 1000 Annual increase = P 500 Period = 4 Years Annual interest rate = 10% Q: Calculate the compound value of Rs. 10,000 at the end of three years at 15% rate of interest, when… A: A concept that implies the future worth of the money is lower than its current value due to several… Q: 18,000$ is deposited for 9 years in an account earning 5% interest. Round answers to two decimal… A: Future Value The future value is the worth of any asset or any sum of money at a future date when… Q: Regular quarterly payments of $6000 are deposited into an account paying 3.19% interest, compounded… A: Annuity means finite no. of payments which are same in size and made in equal intervals. Person gets… Q: RM23,500 was invested in a bank for 3 years 7 months. If the interest rate offered was 9.6%… A: Present value of invested amount= RM23,500 Time period (n)= 3 years 7 months or 3.58334 years… Q: suppose that $47,700 is invested in certificate of deposit for 3 years at 6.2% annual interest to be… A: The deposit facility provided by commercial banks in which the deposited amount is repaid only at… Q: What is the realized balance from a eriodic payment of 100,000 dinars to paid at the end of every 6… A: We need to use future value of ordinary annuity formula to solve this problem Future value… Q: $600.00 was invested in a bank for 5 years. When the deposit was made, the bank was paying the 14%… A: Invested amount (P) = $ 600 Interest rate for first 3.5 years = 14% Quarterly interest rate (r) =… Q: Calculate the future sum of $1,200, given that it will be held in the bank for 5 years and earn 14%… A: Below details are given in the question : Present value = $1200 Time period = 5 years Interest rate… Q: 1000 dollars is deposited into an account at the beginning of the year and the value at the end of… A: Rate of return is the return earned on an investment. It is always expressed in percentages. Rate of… Q: SR 3,479 was deposited in a savings account that pays 10 percent interest compounded annually. How… A: The future value is the future worth of the amount that will be paid or received at future. Q: You have borrowed $28,000 at an interest rate of 12% compounded annually. Equal payments will be… A: Given, Amount borrowed = $28000 Interest Rate = 12% No. of years = 4 Q: You have borrowed $28,000 at an interest rate of 12% compounded annually. Equal payments will be… A: Formula to compute second year interest: Q: A man makes a series of ten annual deposits starting at P2,000 at the end of the first year and… A: Initial annual deposit rate is P2,000 Growth in deposits is10+N5% Rate of interest is 8% To Find:… Q: Whatis the future sum of 1,900, given that it will be held in the bank for 25 years and earn 17… A: The future value function or concept can be used to determine the future value of a present sum or… Q: $39,000 is deposited for 2 years in an account earning 6% interest. (Round your answers to two… A: Present value (PV) is $39,000. The semi-annual rate (r) is 3% (6% / 2). The number of compounding… Q: What deposit made at the beginning of every 6 months will accumulate to RM120, 000 at 8%… A: The Future Value of Annuity Due is the total future value of each cash flow which is made at the… Q: A man pays his debt in the following manner: P521 after 1 yr. and decreases P100 every year up to 6… A: The present value is the value of the sum received at time 0 or the current period. It is the value… Q: İlhan got a loan of 10.000 TL with a maturity of 10 years with an annual effective interest of 9%.… A: The loan amount is 10TL. The maturity is 10 years. The annual effective interest is 9%. The interest… Q: An account earning 6.6% interest compounded continuously for 10 years would have a balance of how… A: Future value is the future worth of a cash flow at a certain rate of interest rate and time period.… Q: 18,000$ is deposited for 9 years in an account earning 5% interest. Round answers to two decimal… A: The future value of an amount deposited in the account is the value of the amount deposited on a… Q: A man loans P187,400 from a bank with 5% compounded annually. He agrees to pay his obligations by… A: Loan amount (PV) = P 187,400 Interest rate = 5% First payment period (t) = 10 years Number of annual… Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:… A: A theory that helps to compute the present or future value of the cash flows is term as the TVM… Q: An employee obtained a loan of P10,000,000 at the rate of 6% compounded annually in order to build a… A: In finance, a loan is a sum of money that is borrowed by a borrower from a lender with a specific… At what rate percent per annum will a sum of 2000 amount to 2205 in 2 years?Hence, the required rate of interest is 5%. Was this answer helpful?
At what rate percent per annum will a sum of PHP 2000 amount to PHP 2205 in 2 years compounded annually?⟹r=0. 05=5%
At what rate of compound interest per annum will a sum of 2000 become 2332.80 in 2 years interest compounded annually?This is Expert Verified Answer
Given, Principal = 2000, A = 2332.80, Time n = 2 years. ⇒ r = 8. Therefore, R = 8%.
At what rate percent per annum will Ron lends a sum of 2000 to Ben?Hence, the required rate of interest is 5% per annum.
|
At what rate percent per year will a sum of ₱ 2000 amount to ₱ 2205 in 2 years compounded annually?
zusammenhängende Posts
Urheberrechte © © 2024 ketiadaan Inc.
