At a certain interest rate compounded annually, P5,000 will
amount to P10,795 in 10 years. What is the amount at the end of 15
years? Answer: P15,861.40
You plan to borrow $15,000 for 3 years. The interest rate is 8%
compounded semi-annually. The terms require you to amortize the
loan with equal payments made every period. a) Calculate
the amount of payment you would be paying every period? b) Set-up
an amortization schedule
You deposit $1,000 in a saving account at 10% compounded
annually. How much is your first year interest? How much is your
second year interest?
100, 100
100, 110
100, 120
100, 150
If you deposit $800 into a bank account today, what annually
compounded interest rate would you need to earn in order to have
$2,000 in 19 years? Enter your answer as a percentage rounded 2
decimal places. Do not enter the % sign.
Given an interest rate of 6% per year compounded annually, what
is the value at the date t = 0 of a perpetual stream of $2,000
annual payments that begin at date t = 10? (approx. to nearest
integer value)
Select one:
a. $19730
b. $20914
c. $18613
d. $18000
A deposit of $5,000 earns interest at 4% compounded
semi-annually. After three-and-a-half years, the interest rate is
changed to 4.5% compounded quarterly. How much is the account worth
after 7 years?
Jan is saving for a new bike that will cost $800. She has $500,
which she has invested at 7% compounded semi-annually. How many
years will it be (approximately) until she has $800?
How long will it take for money to double if it is compounded
quarterly at 6%?
If an investment of $45,000 is earning an interest rate of
4.00%, compounded annually, then it will take ______ for this
investment to reach a value of $53,686.18—assuming that no
additional deposits or withdrawals are made during this time. Which
of the following statements is true—assuming that no additional
deposits or withdrawals are made?
A) An investment of $50 at an annual rate of 5% will return a
higher value in five years than $25 invested at an annual rate...