1. Joshua wants to have Php 250,000 at the bank after4 years in time for his graduation. He plans to deposit a certain amount of money at the end of every month to achieve his goal. If a cooperative bank pays a 12% interest compounded monthly, what should be the of Joshua's monthly deposit?

Q: Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15% compounded semiannually and…

A: Given: Jomai borrowed P 6666.00 for t=2.5 years and the interest rate 15%(compounded semiannually),…

Q: The all-new vespa sprint 15- is sold at a cash price of 205,000 php. Johny acquired his unit a two…

A: Given that: Price of Vespa=Php 205000Time period=2 yearsInstalment to be paid every 3 months.Rate of…

Q: hoi Home Repair needs to accumulate $26,000 in 6 years to purchase new equipment. What sinking fund…

A: .

Q: Suppose Ms. Levi would like to save Php 500,000.00 every month in a fund that gives 10% compound…

A:

Q: Do you want to retire at age 65. You decide to make a deposit to yourself at the end of each year…

A: Given: rate=11%=0.11 Deposit=$1100.  Number of years= 65-25= 40 years.

Q: to have that amouni WiieTL I3 10. Berna borrowed from a cooperative Php 180 000 to be paid in 2 and…

A: Solution:

Q: 2. Roel purchased a car from a financial institution. If the cost of the car is Php1,250,000.00 and…

A: The formula for amount when interest is compounded quarterly is A=P1+r44t Here, P= Prinicipal amount…

Q: HOW IS THE MONTHLY PAYMENT OF 350,00 LOÀN WHICH IS TO BE REPAID MONTHLY FOR 1 YEAR WITH AN INTEREST…

A: This is a compound interest problem and I solved it in the next steps.

Q: 7.) Imani is investing $25000 in a mutual fund that pays 2.3% interest compounded weekly. How much…

A: Given  Principal = $25000 rate = 2.3% compounded weekly time=10 years

Q: Suppose Joe places $4000 in an account that pays 8% interest compounded each year. Assume that no…

A: Here we are finding the amount after 1 year..

Q: To support his handicapped niece tony made a payment of $1800 at the beginning of every 3 months. If…

A:

Q: 2. Ricky is 35 years old. He plans to retire when he is 63. He has opened a traditional retirement…

A: We will solve the following.

Q: 2. A car is being sold for P15,000 per month for 10 years at a monthly interest rate of 10%. Find…

A:

Q: )If the same two $15,000 deposits are made (at time 0 and end of year 4) into a different account…

A: Principal amount= 15000$ Intrest = 8.4 Compund intrest quarterly.

Q: An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A:

Q: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: 4. Mr. Torres plans to invest Php100, 000.00 in a savings account at the time of his son's birth and…

A: Given query is to find the rate of interest.pp

Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

A: s per our guidelines we are supposed to answer?️ only one question. Kindly repost other question as…

Q: A father wants to set aside money for his son's future college education. Money can be deposited in…

A: Consider the yearly amount deposit=$x The rate of interest r=8.5%=0.085 The amount of money at the…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: Luis has $120,000 in his retirement account at his present company. Because he is assuming a…

A: Given that, Luis plans to roll over $120,000 to a new account. Luis also plans to put $3000/quarter…

Q: A man inherited a regular endowment of ₱ 100,000 every end of 3 months for n years. However, he may…

A: Given Amount A=P100000period n=n years=4n quarters.i=14%=14100×14=0.035 quarterly

Q: 2. What equal payments at the beginning of each 2 months for 4 years will discharge a debt of P 18o,…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: 3. Jay just graduated from college and he has decided to open a retirement account that pays 1.75%…

A:

Q: 2. Mr. Layug had a 43,000-peso business loan that is to be paid in 8 months. If interest rate is 8%…

A: As per the guidelines we can solve 3 parts only

Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: Elena's son will enter college 16 year from now. At that time, she would like to have $20,000…

A:

Q: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

Q: What cash payment is equivalent to making payments of ​$1536.00 at the end of every six months for 8…

A:

Q: At the end of each​ quarter, a 49​-year-old individual puts $1200 in a retirement account that pays…

A:

Q: An employee is entitled to a 10 yearly grant of 25,000 pesos each starting at the end of the…

A: In  the question it is given that an employee is entitled a 10 yearly grant of 25,000 pesos starting…

Q: A family wants to have a $200,000 college fund for their children at the end of 17 years. What…

A:

Q: 1. A bank pays an annual interest rate of 3% compounded quarterty. If the initial deposit (or…

A:

Q: 4. When Armando became a new father, he decided to put up a fund by depositing P12,000.00 at the end…

A: Given information: P12,000.00=The amount of the semi-annual installment5%=compunded interest being…

Q: Mrs. Roxas would like to buy a television (TV) set payable monthly for 6 months starting at the end…

A: Given that Mrs. Roxas would like to buy a television (TV) set payable monthly for 6 months…

Q: 1) Pranav invests $2,310 in a savings account with a fixed annual interest rate of 7% compounded 12…

A:

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: 4. The buyer of a certain machine may pay either Php 20,000 cash down payment and Php 20,00o…

A:

Q: Josh is planning to withdraw $8000 from a savings account at the end of each quarter for 3 years. If…

A:

Q: ohn wants to set up a fund for her son's education such that she could withdraw $2,214.00 at the…

A: Given information Quarterly payment P=$2,214 Interest rate r=3.50% Now, quarterly interest rate…

Q: 1. Sarah plans to deposit RM1000 and makes no withdrawals for 2 years. She wants to have a total…

A: Here Given, A=RM 1120 P=RM 1000 t=2 years

Q: 2. Will wants to set up an account to be used for travel when he retires in 30 years. He is able to…

A: According to the company policy, we can answer only first question

Q: 2. What is the monthly payment for a loan of 100,000 over 5 yea nominal interest rate is 12%…

A: This is a problem of financial math, series.

Q: 9) If Juan invests $7,000 at 6% annual interest rate compounded semi-annually Tor 12 years, how much…

A:

Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

A:

Q: 2. By the condition of a will, the sum of P20,000 is left to a girl to be held in a trust fund by…

A:

Q: Suppose that you drive 40,000 miles per year and gas averages $4 per gallon. a. What will you save…

A: Given that you drive 40,000 miles per year and gas averages $4 per gallon.

Q: 14. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A:

Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: interest rate  r=8%  =0.08 1st year withdrawal=$3000 according to question, subsequent withdrawals…