Financial Math Answers

belle Benigna invested 2,500 at the beginning of each month 12% compounded monthly how much would be in the account after 5 years

Calculate the simple interest for:

$850 is invested at 7% per annum for2 years

calculate the simple interest of $850 is invested at 7% per annum for 2 years

9000 dollars is placed in an account with an annual interest rate of 8%. How much will be in the account after 17 years, to the nearest cent?

A principal of N2500 is invested at 2% interest. Find the amount after 20 years if the interest is compounded (a) annually, (b) semi-annually, (c) quarterly, (d) monthly, and (e) daily. 

A tool and die company buy a machine for N175,000 and it depreciates at a rate of 30% per year. (In other words, at the end of each year the depreciated value is 70% of what it was at the beginning of the year.) Find the depreciated value of the machine after 5 full years. 

A deposit of N100 is made at the beginning of each month in an account that pays 6% interest, compounded monthly. The balance in the account at the end of 5 years is? 

Consider a woman puts Php 60000 in an account. After 3 years, she has a total amount of Php 70000. How long will it take to have Php 100000?

An investment firm has a job opening with a salary of N45,000 for the first year. Suppose that during the next 39 years, there is a 5% raise each year. Find the total compensation over the 40-year period.