Kelven puts $7500 into an investment, paying 4.7% per annum, compounding monthly.He makes regular additional contributions to the investment each month. After oneyear, Kelven’s investment is worth $13 991.15 to the nearest cent.a Find the amount of Kelven’s regular monthly payment. Round your answer correctto the nearest cent.b i Find the amount that Kelven invested in the first year through monthlypayments.ii Find the increase in the value of the investment in the first year.iii Hence, find how much interest was earned in the first year. Round your answercorrect to the nearest cent.c Given Kelven’s monthly payment found in a, how many months will it take forKelven’s investment to be worth at least $20 000?

An investment of $750 will be worth $1500 after 12 years of continuous compounding at a fixed interest rate. What is that interest rate?

Determine the value of each investment(a) An investment of $10000 at an APR of 5.2% compounded annually for 13 years

Suppose that on 1 January and on 1 July each year for the next 20years, James will pay ✩200 into the investment account of a company.In return, the company will pay James a monthly annuity (with allmonthly payments being the same) for 15 years. The first annuitypayment is made on the 1 January following James’ final payment of✩200.(a) Find the amount of the monthly annuity payment assuming a(nominal) compound interest rate of 12% per annum, compounding monthly.(b) Suppose instead that the monthly annuity commences one monthafter the final payment of ✩200. Find the revised monthly annuitypayment. Continue to assume a (nominal) compound interest rateof 12% per annum, compounding monthly.

(a) $855 simple interest was paid when $4500 was invested at 4.75% per annum.Determine the period of investment.(b) Mrs. Woods borrowed a sum of money from a bank at 12.5% per annum for 6 yearsand paid $6375 simple interest. Calculate the sum of money mrs. Wood borrowedfrom the bank.(c) The simple interest on $15 000 for years is $4950. Calculate the rate percent perannum.

Kishore invested Rs. 50000 in 12% per annum compound interest where the interest is calculated quarterly. What is the approximate amount received by him at the end of one year?Question 16Answera.Rs. 56275b.Rs. 66275c.Rs. 56285d.Rs. 59275