WebThe amount of money accumulated in five years with an initial deposit of $10,000, if the account earned 12% compounded monthly the first three years and 15% compounded semi-annually the last two years is closest to a. $18,580 b. $19,110 c. $19,230 d. $1,034,285 Solution 4 3-8 WebGenerally, when someone deposits money in the bank, the bank pays interest to the investor in the form of quarterly interest. But when someone lends money from the …
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WebExample 1: If money is worth 4% compounded semiannually, find the present amount of an annuity due paying P 5, semiannually for a term of 3 years. Ans. P 33,007. Example … WebIf money is worth 12% compounded annually, which bid should the owner of the plant accept? a. P241, 282 b. P242, 828 c. P240, 288 2 d. P241, 882. SITUATION 6: If money is worth 8% compounded quarterly, determine the present value of the following: An annuity of P1, 000 payable quarterly for 50 yrs. a. ₱50, 074 b. ₱49, 981 c. ₱49, 047 d ... ingredients of baby lotion
Answered: If money is worth 4 % compounded… bartleby
WebThus, the interest rate is 1% (12% / 12) per month. "1% interest per month compounded monthly" is unambiguous. When the compounding period is not annual, problems must be solved in terms of the compounding period, not years. Example: If $100 is invested at 6% interest, compounded monthly, then the future value of this investment after 4 years is: Web$20,000 Compound Interest Calculator How much money will $20,000 be worth if you let the interest grow? Did Albert Einstein really say "Compound interest is the most powerful force in the universe?" According to Snopes, the answer is probably not. Growth of $20,000 at 5% Interest $20,000 for 10 Years by Interest Rate Browse by Years - 1% interest Web29 nov. 2024 · 1. If money is worth 4% compounded monthly, what payment at the end of each quarter will replace payments of P500.00 monthly? * A. P1500.00 B.P1525.00 C. … mixed lytic and sclerotic