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- find the interest on 40,000 at 3.5% interest rate from October 11, 2020 to March 21, 2021 1. approximate time2. actual time3. ordinary interest using approximate time 4. exact interest using approximate time5. ordinary interest using actual time6. exact interest using actual timeSIMPLE INTEREST1. P 150,000 was invested at a local bank from June 7, 2020 to January 20, 2021 at 4 1/2 % . Find the exact and ordinary interest using : a). exact time b) approximate time2. If P = P 350 ; r = 4% ; t = March 2 to December 6, 2021, what are the exact and ordinary interest using actual and approximate time, respectively.£ In a bank account that pays interest 8% p.a, what should you deposit now to have a balance of £2,000 a year from now? Enter an answer correct to 2 decimal places.
- If you had deposited $1 in a bank account at an annual rate of 3.5% at the beginning of 1905, how much would you have in the account at the end of 2019, assuming the interest rate remained constant? Group of answer choices $28.57 $52.26 $1,464.47 $119.03Required 1 Calculate the future value. On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded semi-annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded quarterly. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the FV should continue to increase. Explain why this passes the reasonablenes test.FAST PLZ On 1st July 2020 Star LLC has accepted a note receivable for RO 2000 from one of the accounts receivables. The maturity period is 6 months. The interest rate is 10%. The amount of interest to be recorded in account on 31 December will be. a. RO 400 b. RO 300 c. RO 200 d. RO 100
- Question 1 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. a) What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)? Select one: a. 0.076 b. 0.032 c. 0.031 d. 0.088 Question 2 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. b) What is her selling price (rounded to four decimal places)? Select one: a. 98740.2903 b. 98634.0935 c. 98846.7161 d. 99317.7280 Question 3 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest…On January 1, 2020, you borrowed S1000 from a bank On December 31, 2020 YON DOO on O N complotely by depositing $1040 ir the rate of innation was 3% the REAL rate of interest on VONGONDN or39 closest fo Select one O 12% O. DO% Oc 1.00% 0.07%QUESTION 3 If you deposit today 11,445.85 in an account earning 8% compound interest, for how long should you invest the money in order to earn 12,488.36 (profit)?
- A loan of $10,000 is taken out on November 7, 2020 at a simple interest rate of r = 9%. The loan will be paid back on May 11, 2021. If the bank uses ordinary interest (the Banker's Rule), how much interest is charged? a $450.00 b $456.16 c $443.84 d $462.50Question 2: a) On 15 May 2012, Ramasami saved RM 6000 in an account which offered a simple interest rate of 8% per annum. Find the amount in the account on 1" December 2012. (Use Exact Interest),Question 4 Suppose you want to have $400,000 for retirement in 20 years. Your account earns 6% interest. How much would you need to deposit in the account each month? Enter an integer or decimal number
