📘 finance

1. **Problem statement:** Sophie deposits 60 every month into an investment account that earns 9.5% annual interest. She deposits for 37 years. We want to find the total amount in

1. **Problem statement:** Charlie deposits 400 every month into an investment account earning 9% annual interest for 19 years. We want to find the future value of this investment a

1. **State the problem:** We want to find the total amount accumulated in an account after 12 years with annual payments (PMT) of 3000 and an interest rate of 8% per year. 2. **For

1. **Problem Statement:** We want to find the total amount accumulated in an account after 13 years with annual payments (PMT) of 7000 and an interest rate of 6.50% per year. 2. **

1. **State the problem:** A man borrowed 8000 with a 5.5% interest charged in advance, receiving 7650. We need to find when the loan will be due. 2. **Formula and explanation:** In

1. **State the problem:** Diana took out a school loan of 524000 with an interest rate of 5% per year and paid it off in 5 years. We need to find the total amount she paid. 2. **Fo

1. **Problem Statement:** Minh-Tri and Thea want to consolidate their debts using a HELOC with monthly payments and simple interest. We need to calculate monthly repayment schedule

1. **Problem Statement:** Martin sold his factory on 18 February 2024 for 90000. He bought it on 3 March 2008 for 30000 and made extensions costing 10000 in December 2021. Selling

1. **State the problem:** You have an initial balance of 1 and an interest rate of 2.25% per year. You want to find out how much money you will have after 1000 years. 2. **Formula

1. **State the problem:** You start with a current balance of 1 and an interest rate of 2.25% compounded annually. You want to find out how much money you will have after 1000 year

1. **Problem Statement:** Calculate the bond price $V_B$ using the formula: $$V_B = C(PVIFA_{i,n}) + F(PVIF_{i,n})$$

1. **Problem 1a:** Calculate the value of a bond with face value RM1000, coupon rate 10%, maturity 15 years, and required return 13%. 2. **Formula:** The bond price is the present

1. **State the problem:** Mr Peter took a loan of 400000 with an interest rate of 9% compounded monthly for 3 years. We need to find the monthly payment.

1. The problem is to understand what a down payment is. 2. A down payment is an initial upfront portion of the total amount due, paid at the beginning of a purchase, especially for

1. The term "down payment" refers to an initial upfront payment made when purchasing something expensive, like a house or a car. 2. It is usually a percentage of the total price an

1. **State the problem:** A house is sold for 3000000 FRW, and the bank requires a 20% down payment. We need to find the amount of the mortgage. 2. **Formula and explanation:** The

1. **Problem statement:** An investor contributes 10000 per year, increasing the contribution by 5% each year, for 8 years. The interest rate is 9% per year. We want to find the fu

1. **Problem Statement:** A couple wants to accumulate 100000 by making monthly payments of 1600 into an account earning 9% annual interest compounded monthly. We need to find the

1. **Problem Statement:** A man borrowed 36000 and promised to pay the principal plus interest at 11% compounded quarterly after 6 months (from March 15, 2020 to September 15, 2020

1. The problem is to identify which term tracks the daily transactions in a credit account. 2. Let's analyze each option:

1. **State the problem:** We need to find the present value of a deferred annuity with 18 semiannual payments of 3900 each, starting 912 years from today, with a discount rate of 9