Financial Math Answers

x 1 3 5 7 9

y 143 116 100 98 90

What is the correlation coefficient for the data set (rounded to two decimal places)?

• A. 6,20
• B. 1,00
• C. 0,00
• D. –0,93
• E. –0,62

2 months ago Michael deposited R9000 into savings account at a simple interest rate of 11.5% per year. He also deposited R5000 six months ago into another savings account earning 8% per year compounded half yearly. The total amount of Michael's savings in 3 years time is

Determine the present value value of $1,000 receive in 10 years at annual rate of 10%?

A bank promises to quadruple your investment over a period of 15 years based on semi-annual compounding. What is the stated annual interest rate on this investment? 

A deposit of R220426 is made into a simple interest bearing account that earns 6.29% per annum. How long (in years) will it take the money to be three time as much? Round off to 2 decimals

If Lilia paid P980.00 in interest at 14% for 2 years, how much money did she borrow?

Find the amount at the end of 5 years if R17 535 is invested at 2.45% compounded quarterly.

If money is worth 6% compounded bi-monthly (6), find the present value of R 125 700 for 2 years?

If the rate is at 1.25% effective, how long will R5 000 become R5 500?

A R1 000 000 trust fund was set up and to be used by an 8-year old nephew when he goes to college. In 8 years, how much will the fund be if the investment rate is 7.5% compounded quarterly?