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- Ms. Lun is earning P20,000 per month. She plans to invest in an insurance company an amount equivalent to 10% for his earnings. The insurance company offers 10% percent on his annual contributions at the end of each year, how much will she have at the end of the tenth year? a. 12,290 b. 20,000 c. 31,874 d. 382,498A recent college graduate's gift from her grandparents is $24,000. How much will this provide at the end of each month (in $) for the next 12 months while the graduate travels? Assume that money is worth 7.8% compounded monthly. (Round your answer to the nearest cent.)A family want to have a $241,000.00 higher education fund for their children at the end of 22 years. How much should they contribute at the end of every 2 months if they can get 7.3% compounded every 2 months on their investment?The every 2 months payments are $
- Rudy Anne wants to buy new farm equipment costing P350,000 making a down payment of P50,000. The remainder is to be paid at the end of each month for five years at 15% compounded monthly. Find the amount needed for monthly payments.13-12 Suze Orman wants to pay $1,500 semiannually to her granddaughter for 10 years for helping her around the house. If Suze can invest money at 6% compounded quarterly, how much must she invest today to meet this goal? PROVIDE THE FOLLOWING FOR EACH PROBLEM N= I= PV= PMT= FV= C/Y= P/Y =Nathan would like to buy a new car worth PhP 1,200,000.00. He decided to take an from a car dealership which charges 10% compounded monthly payable in 5 years. How much will be his monthly payment? a. Php 15,496.45 b. Php 20,166.67 c. Php 25,496.45 d. Php 32,906.18
- Sharon Nguyen has $25,000 to invest and believes that she can earn 6% compounded semiannually. Find the compound amount if she invests for 10 years.To pay for a farm, Berti has to make equal payments of P135,900.00 at the beginning of each six months for eight years. Find the cash price for the farm, if money is worth 11% compounded semi-annually. Solve the problem and show the solution.Johan recently received his annual performance bonus from his employer. He has set up an investment savings plan to which he will contribute $2,300 each year from his bonus and $430 per month from his regular salary. Johan will make his initial contributions of $2,300 and $430 today. a. What will the plan be worth after 20 years if it earns 7.8% compounded monthly? b. How much did Johan’s contributions earn during the 20 years?
- Elijah has $30,000 in his RRSP account and wants this to accumulate to $250,000. The account is earning 6.1% compounded semi-annually and he plans to deposit $2500 at the beginning of every month into this account. How long it will take to achieve his goal?Moshe will need R145 000 in three years’ time, to open a bakery. He immediately starts to make monthly deposits into an account earning 11,05% interest per year, compounded monthly. Moshe’s monthly deposit is [1] R3 384,18. [2] R3 415,34. [3] R4 750,55. [4] R4 027,78. [5] R4 707,20.8) Nabil is considering buying a house while he is at university. The house costs $200 000 today. Renting out part of the house and living in the rest over his five years at school will net, after expenses, $2000 per month. He estimates that he will sell the house after five years for $210 000. If Nabil’s MARR is 6 percent compounded monthly, should he buy the house? Use present worth.
