📘 finance

1. **State the problem:** You need to find the simple interest on a principal of Rs. 500,000 borrowed for 5 years at an interest rate of 12% per annum. 2. **Recall the formula for

1. **State the problem:** Farah has 600000 in her RRSP and wants to buy an annuity that pays 3500 monthly with an interest rate of 5% compounded annually. We need to find how long

1. **State the problem:** Claudette has $560000 in capital and wants to withdraw equal payments at the end of each year for 20 years. The capital earns 7.5% interest compounded ann

1. **State the problem:** En. Haikal borrows 20000 at 7.5% annual interest compounded monthly.

1. **State the problem:** A person deposits 250000 in a bank with an annual compound interest rate of 10%. We need to find the amount he will receive after 6 years. 2. **Formula fo

1. **State the problem:** Stephy invested a portion of her prize money at an interest rate of 3.95% compounded semi-annually. After 4 years, the investment grew to 263106.90. We ne

1. **Problem statement:** Calculate the present value (PV) of lease payments of 700 at the beginning of every month for 9 years.

1. **State the problem:** Janet saves 500 at the beginning of every month for 15 years in a fund with an annual interest rate of 4.75% compounded annually. We need to find: a. The

1. **State the problem:** Janet saves 500 at the beginning of every month for 15 years in a fund with an annual interest rate of 4.75% compounded annually. We need to find the bala

1. **Problem statement:** Jaspreet deposits 100 at the beginning of every month into an RESP for 16 years. The interest rate is 4.50% compounded monthly for the first 11 years and

1. The problem asks for the accumulated value of the RESP (Registered Education Savings Plan) at the end of 11 years and 16 years, and the interest earned during the 16-year period

1. **Problem statement:** Natalie invests 2100 every 6 months for 11 years. For the first 8 years, the interest rate is 3.20% compounded semi-annually. For the next 3 years, the in

1. **Problem statement:** Natalie invests 2100 every 6 months for 11 years. For the first 8 years, the interest rate is 3.20% compounded semi-annually. For the next 3 years, the ra

1. **State the problem:** Lush Gardens Co. bought a truck for 66000. It paid 6600 as a down payment and financed the rest at 5.50% interest compounded semi-annually. Monthly paymen

1. **State the problem:** Lush Gardens Co. bought a truck for 50000. It paid 5000 as a down payment, so the financed amount is $50000 - 5000 = 45000$.

1. **Problem statement:** Caleb made monthly deposits into a savings account for 5 years. The account earns 5.10% interest compounded quarterly and the balance after 5 years is 106

1. **State the problem:** We have a loan of 23150 at an annual interest rate of 6% compounded semi-annually. Payments are made every 6 months, and the loan is settled in 5 years. W

1. **State the problem:** Jordan received a loan of 37900 with an interest rate of 4.75% compounded semi-annually. We need to find the semi-annual payment to settle the loan in 5 y

1. **State the problem:** Kaitlyn makes equal deposits every 3 months (quarterly) into an RRSP that earns 4.50% interest compounded monthly. After 6 years, the accumulated value is

1. The problem states that for Project C, the allocated budget for design is 38% of £925,000. 2. Calculate the allocated budget for design:

1. The problem asks for the percentage of the monthly company budget spent last month on developing new collateral, which was 156384. 2. First, find the monthly company budget by d