2. Scott borrowed P100 000 from a lending institution that charges a yearly \( 7.2 \% \) simple interest. It takes him two years to pay. How much total interest does Scott need to pay? Solution and onswer:

DETAILS MY NOTES AUFEXC4 11.4.021. A mutual fund has total assets of \( \$ 45,000,000 \) and total liabilities of \( \$ 4,000,000 \). There are \( 2,100,000 \) shares outstanding. Find the net asset value of the mutual fund. (Round your answer to the nearest cent.) \( \$ \square \)

DETAILS MY NOTES AUFEXC4 11.2.047. A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have \( \$ 41,000 \) when the child reaches the age of 18 ? Assume the money earns \( 7 \% \) interest, compounded quarterly. (Round your answer to two decimal places.) \( \$ \square \)

Find the requested value (to the nearest dollar) and tell what each of the other values represents. (a) Find \( A_{n}: A_{n}=1,900\left[\frac{1-(1+0.04)^{-20}}{0.04}\right] \) \( A_{n}=\$ \) Identify the following. (Assume the rate and time are using the same time period.) periodic payment rate time (b) \( R=\$ 130,000=R \) Identify the following. (Assume the rate and time are using the same time period.) present value \( \left.\$ 2.0 .005)^{-360}\right] \) rate time

A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have \( \$ 41,000 \) when the child reaches the age of 18 ? Assume the money earns \( 7 \% \) interest, compounded quarterly. (Round your answer to two decimal places.) \( \$ \)

Se requiere comprar dentro de 12 meses un nuevo equipo de ordeño. Se proyecta que el valor del equipo será de \( \$ 450.000 \). considerando una tasa de \( 9 \% \) capitalizable bimestralmente, ¿Cuál será el monto de los depósitos que se debe realizar al inicio de cada bimestre para disponer de dicha suma? \( (5 \text { puntos })^{*} \)