A brand new pick-up truck was bought for P420,000.00 down payment and monthly installments of P10,000.00 at the end of each month for 3 1/2 years. What is the cash price of the truck if money is worth 18% compounded monthly? Select one: O a. P309,940.50 b. P729,940.50 O c. P95,502.38 d. P475,502.38 O e. No answer

Q: Eric borrowed P3, 500, 000 at 8% for 10 years. The loan stipulated that the following payments have…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: Welmer bought an equipment costing P125,000 payable in 12 quarterly payments. Each installment is…

A: Cost of Equipment P1,25,000 Rate of Interest (14% / 4) 3.50% Period 12

Q: three years from now. What is the present value of the investment if the rate of interest is 12%…

A: The given problem can be solved using PV function in excel. PV function computes present worth for…

Q: The buyer of a lot paid P110,000 down payment and agreed to pay P35 000 at the end of each six…

A: The cash price can be found by adding up the downpayment and present value of the annuity. The…

Q: that money can earn 9% ompounded quarterly for 2 years, which as a greater future value for a…

A: As there is more compounding the more is effective rate and more is the future value of money. And…

Q: A house costs P2,900,000 cash. The seller and the buyer had agreed to have a series of annual…

A: House cost (C) = P 2900000 Total payments (n) = 10  r = 8% Let the annual payment = A

Q: A house and lot package is available at P27,000.00 mònthly payable in 20 years. The first payment is…

A: Present value of annuity is the stream of cash flows that are required to be invested today in order…

Q: A service car whose cash price was P 542,488 was bought with a down payment of P 172000 and monthly…

A: Here basically a loan was taken to pay for the car. We have been provided with the price of the car,…

Q: You bought a house on loan worth Php 5,000,000, payable in 20 years starting the following year. For…

A: Loan Amount = Php 5,000,000 Total Time Period = 20 Years Interest rate = 10% compounded yearly

Q: The cash price of a motorcycle is Php325,000. A fixed amount is to be paid at every end of the month…

A: Cost (PV) =Php 325000 Interest rate = 9% Monthly interest rate (r) = 9%/12 = 0.75% Period = 1.5…

Q: What was the rate of interest if compounded monthly?

A: Rate of interest on a deposit is the agreed interest rate on which the loan or deposit is being…

Q: (For items 10-12) A car is to be purchased in monthly payments of P17,000 for 4 years starting at…

A: Note: It has been assumed here that P is the currency in which the payments are made. The present…

Q: Whispering Winds Corp. has just purchased equipment that requires annual payments of $75000 to be…

A: Present value is calculated based on annual cash flows and the discount rate. The annual payment is…

Q: machine selling for $10000 may be purchase by paying a $1000 deposit and the balance in equal…

A: in this problem we have to calculate present value FACTOR and from that we can get monthly payments.

Q: An amount of P100,00 is borrowed at 16% pa compounded quarterly. A partial payment of P40,000 is…

A: Loan amount (L) = P 100000 First payment (P1) = P 40000 after 4th quarter Second payment (P2) = P…

Q: A house costs $144,000. It is to be paid off in exactly ten years, with monthly payments of…

A: The Annual Percentage Rate(APR) of the loan can be calculated using the RATE function in Excel.

Q: A condominium unit can be bought at a down payment of P150,000 and a monthly payment of P 23,347 for…

A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…

Q: An installment contract for the purchase of a car requires payments of $215.12 at the end of each…

A: The amount financed is the present value of the monthly payments. The interest is the total interest…

Q: An industrial firm can purchase a special machine for $70,000. A down payment of $5,000 is required,…

A: Cost of Machine             = $70,000  Down payment             = $5,000 number of installments   =…

Q: 2. Find the cash value of a sala set that can be bought for 2,500 down payment and 288 a month for…

A: The given problem can be solved using PV function in excel. PV function computes current value for…

Q: A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Annual Percentage Rate(APR) is nothing but the rate of interest charged to borrower and it will be…

Q: A certain company sells engines worth P1,000,000 cash. If paid on installment basis, it requires a…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: For item (13) A car is to be purchased in monthly payments of P17,000 for 4 years starting at the…

A: Present value of any loan or borrowing is the sum of the down payment initially and the value of…

Q: b) CompuSystems was supposed to pay a manufacturer $19,000 on a date 4 months ago. CompuSystems is…

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

Q: Postal Express is considering the purchase of a new sorting machine. The sales quote consists of…

A: We can do this calculation in excel using 'PV' function. Since postal express is making quarterly…

Q: A service car whose cash price was ₱ 540,000 was bought with a down payment of ₱ 162,000 and monthly…

A: Annuity is a payment made in a fixed interval into a deposit or annual payment made for discharge of…

Q: A Sarm is offered for sale for $22,500 cash or $ 7,500 cash and seguence payments of $ 4000 each the…

A: Purchase agreement is a formal document mentioning two parties buyer and the seller of the contract…

Q: An installment contract for the purchase of a car requires payments of $317.26 at the end of each…

A: Amount financed is calculated by present value of monthly instalments paid for n years at a given…

Q: What was the rate of interest if compounded monthly?

A: Compound interest simply means the interest on interest. It means the additional interest received…

Q: Maria is considering purchase of a new machine. The purchase price of the machine is $12,000.  The…

A: Price of Machine =$12,000 Interest rate (r) = 15%/4 = 3.75 % per quarter Years =4 Terms(n) = 4*4 =16…

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: A mining company plans to purchase a small loader for R240 000. They will pay it off in 24 equal…

A: Cash price (PV) = R 240000 Number of monthly payments (n) = 24 Annual interest rate = 18% Monthly…

Q: A house costs P500,000 cash. A purchaser will pay P100,000 cash, P50,000 at the end of 2 years and a…

A: Let us first prepare the cashflow diagram    As we can see in this diagram, we saved 500000 rupees…

Q: A machine can be leased for four years at $1000 per month payable at the beginning of each month.…

A: present value of annuity formula: PVA =A×1-11+rmm×nrmwhere,A=annuityr=ratem=frequencyn=years present…

Q: For items 14-15. A car is to be purchased in monthly payments of P17,000 for 4 years starting at the…

A: PRESENT VALUE OF ANNUITY: PVA =A×1-11+RMM×NRM WHERE, A=annuity R=rate of interest M=frequency of…

Q: A loan is to be repaid by $1250 in 1.5 years and $1750 in three years and three months . The…

A: Given information: Loan to be repaid is $1,250, Number of years is 1.5 Outstanding loan amount is…

Q: A car is purchased for $6,738.81 with $2,000 down and a loan to be repaid at $100 a month for 4…

A: The balloon payment is the payment of the leftover principal amount.

Q: 1. What is the present worth of a P1000 annuity starting at the end of the third year and continuing…

A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…

Q: nd l

A: Present Value of annuity due formula will be used to calculate the value of house and lot as the…

Q: The other photo is the example of the format of the supposed answer (solution and Excel). Thank you…

A: Information Provided: Loan amount (P) = 1,400,500.00 Interest rate (j) = 5+1/8% = 5.125% Years (t)…

Q: A person buys a piece of property for P100,000 down payment and ten deferred semi-annual payments of…

A: An investment in an asset can be made by paying for the asset overtime or paying cash at the time of…

Q: A person buys a piece of lot for P 112,923.25 down payment and 11 deferred semi-annual payments of P…

A: In this we have to calculate present value FACTOR and then find out present value of all payments.

Q: 1. A cellphone is for sale at either (a) P15,999.00 cash or, (b) on terms, P1,499.00 each month for…

A: Compounding is a process which in simple terms can be explained as an interest on interest. This…

Q: A contractor is planning to purchase a machine one year from now at a cost of Php1 Million. The…

A: Machine cost (C) = Php 1 million r = 1.5% per month n = 1 year = 12 months

Q: The Atlas Machinery Corporation sells its equipment to contractors on either of the following…

A: The concept is of present value of money. We will calculate present value of outflow in both the…

Q: What is the final answers and the cash diagram of the following: 1. Mr. Reyes borrows P600,000 at…

A: NOTE:  As per our policy, we only answer one question when different questions are posted.…

Q: A commercial bldg. can be acquired by a downpayment of P500,000 and a yearly payment of P100,000 at…

A: Down Payment = 500,000   Loan Repayments start after 5 years Time period (N) = 10 years Annual…

Q: A house and lot are to be purchased by paying P15,500.00 monthly payable in 25 years. The first…

A: An interest rate is defined as the proportion of a loan sum paid to the borrower by the lender as…

Q: of property for P100,000 down payment and ten deferred semi-annual payments of P8,000each starting…

A: The given problem can be solved using PV function in excel. PV function computes present worth for…

Q: A loan is to be repaid by $1500 in one year and $2250 in four years. The borrower has asked to repay…

A: Outstanding loan amount is $1500 (due in 1 year) and $2250 (due in 4 years). Present value and…