4. Leti Fuschia decided to invest P100,000.00 in Road Dirty Inc., for a period of 6 years. Determine the final amount for the following interest rates: a. 5% interest rate, compounded weekly b. 6% interest rate, compounded bi-monthly c. 7% interest rate, compounded quarterly d. 8% interest rate, compounded bi-annually

Q: Suppose you borrowed Php 30,000 on a student loan at a rate of 8% and must repay it in three (3)…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Q: A man borrowed P12,000 and agreed to repay it with P4,650.70 interest. If the interest is 6%…

A: Borrowed amount (PV) = P12000 Interest amount = P4650.70 Future value (FV) = 12000+4650.70 =…

Q: Today, a businessman borrowed money to be paid in 10 equal quarterly payments starting at the end 2…

A: Quarterly payment (P) = P 2000 Annual interest rate = 10% Quarterly interest rate (r) = 10%/4 =…

Q: $15,000 is deposited for 7 years in an account earning 3% interest. (Round your answers to two…

A: Compound value of money can be defined as the amount of interest computed on interest earned…

Q: Suppose a certain manufacturer deposits $3,000 at the beginning of each 3 month period for 8 years…

A: Gien Information, Deposit = $3,000 Interest Rate = 8% Compounding Frequency = quarterly    Formula…

Q: JG Asset Services is recommending that you invest $1,400 in a 5-year certificate of deposit (CD)…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: 3. If Php 10,000 was borrowed by Alan at an annual interest rate of 11%, and must be paid in 1 year…

A: Future value refers to the amount of the current asset at the future date which is grounded on the…

Q: Devonte invest $11,800 for 4 years and 4 months. The account earns 11% quarterly. What is n for the…

A: Compound interest is that interest amount which is charged on principal as well as interest charged…

Q: The company wanted to receive P500,000 6 years from now. Considering an interest of 14% compounded…

A: Future value required  (FV) = P 500,000 Period = 6 Years Annual interest rate = 14% Semi annual…

Q: Tony is converting an RRSP balance of $275,000.00 into a RRIF. Tony wants to receive $1,911.00 at…

A: Time value tells that money received today is of more value than that of receiving the same value…

Q: Thrifty Industries borrowed $150,000 amortized over 10 years at a rate of j12-4.8% with monthly…

A: EMI or monthly mortgage payments are the fixed amount paid by the borrower to the lender that…

Q: Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 4.5% if…

A: Future value is the expected value of current sum in the near future.

Q: 1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for…

A:

Q: Kiara deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: We need to use future value of ordinary annuity formula to calculate accumulated value. Future…

Q: In the situation where Ahmad are depositing $1,000 per month in a savings account that pays 6…

A: Payment period is the no. of times money is deposited in a year. compounding period is the no. of…

Q: JG Asset Services is recommending that you invest $1,050 in a 5-year certificate of deposit (CD)…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 3. Fairytail firm borrows P200,000 for 6 years at 8%. At the end of 6 years, it renews the loan for…

A:

Q: 1. Mary made a loan of P58,000 to supply her new business. It is to be amortized by ten equal…

A: We need to use RATE function in excel to calculate interest rate. Formula is =RATE(NPER,-PMT,PV)

Q: A man takes on a loan of $135,000. The loan is being repaid annually by a 10-year increasing…

A: As given in question, Loan amount = $135000 Tenure = 10 yrs Initial payment = $10000 Subsequent…

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A: Amortization table is a schedule which shows periodic lease or loan payments. The periodic payment…

Q: Marshall recently obtained a 5-year, $50,000 loan. The loan carries 10 percent compound annual…

A: The payments discussed here are a form of annuity wherein an equal payment is made each period.

Q: 1. A man bought a lot worth P1,000,000 if paid in cash. On the installment basis, he paid a…

A: Lot Worth (P0) = P1,000,000 Down payment (Cf0) = P200,000 Payment at year 1 (Cf1) = P300,000 Payment…

Q: De Lima Enterprise plans to borrow 1,000,000 for eight years at 9% with a bank term loan.The bank…

A: Here in this case , to calculate the annual installment we have to use the following formula…

Q: Answer the subquestions below: a. Mr. Formento pays at the end of every month for a loan that…

A:

Q: Suppose an investor deposits $28,000 into a savings account for 4 years at 6.75% interest. Find the…

A: Dear student as per answering guideline we can answer only three sub parts if a question have more…

Q: Using the Present Value of an Annuity of 1 TABLE4, calculate the factor. Next, determine the annual…

A: 1. In this case the annual payment is made and thus present value of annuity factor would be used to…

Q: Mr. Jimin borrowed money to CBA Bank for $211,000 for business development the chicken farm. The…

A: Given,  Loan Amount - 211,000 Interest rate = 9% (compounded monthly) Period - 12 years

Q: Ahmad borrowed $15,000 now and it is to be repaid by equal end-of-quarter installments for 5 years…

A: Quarterly payment is calculated by present value of annuity formula for periodic repayments. Present…

Q: An amount of 50,000 was borrowed at an interest rate of 10% per year and repaid over a 5-year period…

A: Present value of all of future payments considering the interest rate and time period should be the…

Q: Person A deposits $ 1,000 in a bank account at the beginning of each year for 15 years. If the…

A: Future Value(FV) is worth of current amount at future point that is computed by compounding current…

Q: Suppose you borrowed $15.000 at a rate of 11.1% and must repay it in 5 equal installments at the end…

A: Interest is the amount given by the borrower of money to the lender of money. Interest is usually…

Q: A man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…

A: Loan is a borrowed amount of money for a fixed time period, which is expected to be repaid with…

Q: For items 1-10, refer to the following The owner of Dawn Winery decided to lend kegs of we amounting…

A: The rate of interest is the rate at which an investment grows. In the case of compounding, the…

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A: Here, Invested amount = $125,000 Interest rate = 7%  No. of compounding periods in a year = 4 Term…

Q: Cameron deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate…

A: As per the given information: Amount deposited at the end of every month into an RRSP for 8 years -…

Q: 17. Brix invested P500,00.00 in a long-term savings account with an interest rate of 7.5% compounded…

A: Compound interest is referred as the interest which is calculated on principal amount which involves…

Q: A man borrowed P12,000 and agreed to repay it with P4,650.70 interest. If the interest is 6%…

A: Here, Borrowed Amount is P12,000 Interest Paid is P4,650.70 Interest Rate is 6% Compounding Period…

Q: You deposit $300 in an account earning 5% coumpound interest for 4 years. Find the future value and…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 1. At the beginning of each quarter, P36,000 is deposited into savings account that pays 6%…

A: Honor code: Since you have asked multiple questions, we will solve the one question for you. If you…

Q: A certain amount was borrowed for 5 years at 6% simple interest. After which, the amount was not…

A: Simple interest rate for first 5 years = 6% Interest rate for next 8 years = 10% compounded semi…

Q: Libra Ltd borrowed $120 000 from its local bank to finance their operation. Annual payments are…

A: Calculate the annual payment as follows: Annual payment = (Amount *Rate)/(1-(1+rate)^-years)

Q: Mr. Green had a housing loan amounting to P2.664,676, and it was to be amortized by a group of 30…

A: Here, Loan Amount is P2,664,676 Time Period is 30 years Initial Payment at the end of First year is…

Q: Mr. Sy borrowed money from a bank with an inferest of 6% compounded monthly for 10 years. His…

A: 6. Calculate the interest rate per conversion period by dividing the annual interest rate which is…

Q: Elikplim Atayo took a loan facility of ¢1,000,000 from Amegbletor Bank ltd. He agreed to repay the…

A: If a loan is taken, then the repayment should be made after some time period. The payment method…

Q: 2. Deposit the principal amount of P10,000 into a savings account that pays interest at the rate of…

A: Compound interest formula: A = P[(1+r/n)^nt] Where A is the future amount P is the principal r is…

Q: 4. Leti Fuschia decided to invest P100,000,00 in Road Dirty Inc., for a period of 6 years. Determine…

A: Deposit amount = P 100,000.00 Period = 6 Years

Q: The Del Corporation borrowed $9.000,000 at 8% interest per year, which must be repaid in equal EOY…

A: Installment is the amount of periodic payment a borrower has to make to its lender in order to pay…

Q: A man borrowed P12,000 and agreed to repay it with P4,650.70 interest. If the interest is 6%…

A: Interest rate = 6% Compounded quarterly (r) = 6%/4 = 1.5% Present value (PV) = 12,000 Interest…

Q: A.Halep Inc. borrowed $17,128 from Davis Bank and signed a 2-year note payable stating the interest…

A: Annual payment in case of borrowing can be calculated by: = Amount borrowed / Present Value factor…