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1. How long must a P40,000 note bearing 4% simple interest run to amount P41,350?
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- An investment of P2880 is made at the beginning of each month for 9 years and 4 months. How much will the investment be at the end of the term, if interest is 1% compounded monthly? Round your answer to 2 decimal places.How much must be deposited at the beginning of each year in an account that pays 5%, compounded annually, so that the account will contain $20,000 at the end of 7 years? (Round your answer to the nearest cent.)What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? 8% Compounded quarterly $1,900 $2.600 Quarters 5 2 3 4 8 (Deposit) The amount of the quarterly deposits should be S. (Round to the nearest dollar.)
- Calculate the annual payouts C to be given for 15 years with an interest rate of 8% on an annuity with a present of value of $150,000. Round your answer to the nearest cent. Do not include the dollar sign in your answer.Lara deposited 1000 in her bank account at the beginning of every quarter for 9.5 years. Interest provided is 5% compounded quarterly. Find the accumulative amount of money. Accumulative amount = | (2 decimal places only, rounded off. if whole number, no need to add .00)A bank saving account offers 4% compounded on a quarterly basis. A customer deposit $200, in this type of account, at the start of each quarter starting with the first deposit on the first of January and the fourth deposit on the first of October. What is the total amount in his account at the end of the year?
- What is the future value of $3,000 saved for 6 years at 4% interest compounded annually? Enter your answer rounded to two decimal places.Show complete solution. At a certain interest rate compounded semiannually, P10,000 will amount toP30,000 after 15 years. What is the amount at the end of 20 years?Bank North advertises, "We pay 3.50%, compounded daily." Bank South says, "We pay 3.50%, compounded continuously." If you deposit $10,000 with Bank South for one year, how much additional interest will you receive?