5. b) A debt of RM 7000 matures at the end of the second year and another of RM 8000 at the end of six years. If the debtor wishes to pay his debts by making one payment at the end of the fifth year, what is the value of the payment if money worth 6% compounded semi-annuall

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: 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: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Given, P  Periodic payments=$120 r rate of interest=6% n  number of years=18

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A:

Q: earns 8%, compounded quarterly, and makes additional deposits of $500 at the end of each quarter for…

A:

Q: What semi-annual payment must be made into a fund at the beginning of every six months to accumulate…

A:

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

A:

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Given The payment at the beginning of each month=$130 Interest rate (annually) =6% Time period=18…

Q: ou will have 6 moths of grace period.

A: answer of given question is in step 2

Q: 1. Rony had a series of 12 semi-annual payments of P 12,000 at the end of every 6 months. After 6…

A:

Q: The management of Gibraltar Brokerage Services anticipates a capital expenditure of $21,000 in 4…

A:

Q: Two payments of $17,000 and $5,400 are due in 1 year and 2 years, respectively. Calculate the two…

A:

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: given that deduction is $120 at the beginning of each month P= 120  Rate of interest is 6%…

Q: A trader has decided to set up a sinking fund for the purpose of purchasing a truck for 2 years…

A: Consider the given information.

Q: 2. Find the present worth of perpetuity of P10,000 payable quarterly if money is worth 10%…

A: We have to find the present worth of perpetuity

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: The buyer of a house paid PHP 1,000,000 in cash and committed to pay "x" pesos every six months for…

A:

Q: Joan contributes $4000, AT THE BEGINNING of each quarter, for 10 years to an account that earns 9.2%…

A: Amount contributed by Joan=$4000 Time of first investment=10 years Rate of interest=9.2% Since…

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 future value (as of 10 years from now) of an annuity that makes 10 annual payments of P…

A: We will find out the required value.

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

A:

Q: Suppose a young couple deposits $800 at the end of each quarter in an account that earns 7.2%,…

A:

Q: A 43-year-old man puts $2000 in a retirement account at the end of each quarter until he reaches the…

A:

Q: 5.a) A debt of RM 3000 will mature in three years’ time. Find the present value of this debt by…

A: We will answer the first question as we don't answer multiple questions at a time. Please resubmit…

Q: 3. If a sum of money amounts to $ 6200 in 2 years and $ 7400 in 3 years under simple interest, then…

A: Principal= $ 3800  For detail go through the solution...I have solved step by step in detail

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

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Q: A piece of property may be acquired by making an immediate payment of $25,000 and payments of…

A:

Q: Two payments of $14.000 and $6,200 are due in 1 year and 2 years, respectively. Calculate the two…

A: The complete solutions are given below

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

A:

Q: What is the accumulated value after five years of payments of $20000 made at the beginning of each…

A:

Q: Emily Dorsey's current salary is $68,000 per year, and she is planning to retire 18 years from now.…

A: Given: Salary of Emily is $68,000 per year, she will retire after 18 years, annual increase in…

Q: 1. The management of a corporation anticipates a capital expenditure of $500,000 in 5 year for the…

A: We will be using compound interest formula to find instalment needed.

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: Exactly 10 years ago, Junior bought a condo, valued (as of ten years ago) in Ghc150,000. Junior made…

A: Junior bought a condo, value is P= Ghc1,50,000 Amortization period, n=25 years Mortgage rate,…

Q: A company establishes a sinking fund to discharge a debt of $750,000 due in 8 years by making equal…

A:

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $2,000 at…

A: Solution of given question is written in below steps.

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: Alex and Tony are twins. After graduation and finally being able to get a job, they plan for…

A: We will find out the required value.

Q: 3. Find the present value of 10 semi-annual payments of P 3, 000 each if the first payment is due at…

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Q: How long does it take for a loan of $5000 to accumulate $1000 if interest is compounded…

A: Compound interest formula for an amount P which is deposited for t years at an interest rate of r%…

Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

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…

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Q: Suppose that $600 are deposited at the beginning of each quarter for 10 years into an account that…

A:

Q: How much should be deposited into a bank account paying interest at the rate of 4% per year…

A:

Q: A debt of $6544 is to be settled by two equal payments due in 3 months and 7 months respectively.…

A: Solution: Let the payment due in 1 month be x. Accumulated amount after three month; FV=P1+rnnt…

Q: What annual rate of simple interest is necessary to give interest of $416 on a principal of $800…

A:

Q: Juan's retirement fund has an accumulated amount of $50,000. If it has been earning interest at…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…