A certain corporation purchased a machine for plastic lamination of posters for 720,000. At the end of its life of 10years, the worth of machine is only 40,500. What would be the book value of the machine at the end of the 6th year using declining balance method.

Q: After 10 years, you have made 1/3 of the payments. Why isn't 1/3 of the loan balance paid off?

A: We can solve it mathematically and show that after 10 years only a partial principal amount is paid…

Q: Jun is investing an amount at 15% simple interest for 3 years. If he intends to have Php 48,200.00…

A: To find out the principal.

Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

Q: Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $322,800. The…

A:

Q: A newly married couple bought a house for P175,000. They paid 20% down and amortized the rest at…

A: A newly married couple bought a house for P175,000. They paid 20% down payment and amortized the…

Q: Peter has P560,000 in his bank account in which he opened exactly 3 years ago. If he did not make…

A:

Q: Tom is  considering purchasing a consol that promises annual payments of $4.  If the current…

A: Here, the annual payments of consol is $4 and the current interest rate is 5 %. Price of the consol…

Q: You have found an annuity that will pay 4.75% annually and you plan to put $1,000 into the annuity…

A:

Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…

A:

Q: Simon starts a retirement account where he will place $50 into the account on the first month and…

A: Given-  Ist month deposit= $50  2nd month deposit= $55 ... .... and so on.

Q: Jimmie has a job at an advertising agency earning $54000 per year. Jimmie is currently 26 years old…

A:

Q: OHaganBooks.com is seeking a $260,000 loan to finance its continuing losses. One of the best deals…

A: Solve for yhe monthly payment

Q: A man bought a lot worth P2026862 if paid in cash. By installment, he paid a down payment of…

A:

Q: Mittola just won $383,000 in a state lottery. He invests it in an annuity earning 47% interest in…

A:

Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: ou invested $10,000 on February 8, 2021 in an account which pays 4% compounded monthly. If simple…

A: In case of partial period calculation and when compounding monthly, number of complete months taken…

Q: 3. Mocca Blanca invested P45, 000 for 2 years and 8 months and earn P12,450 interest. What was the…

A: Mocca Blanca invested P45, 000  for 2 years and 8 months and earn P12,450 interest . We have to find…

Q: Suppose you borrow P15,000 and required to pay P15,315 in 4 months to pay off the loan and interest.…

A:

Q: What is the Total Return on a single share of Stock that was purchased for $10, sold 3 years later…

A:

Q: Kimberly has just started her first job and decides to begin saving for a car. She opens a savings…

A: Given query is to find the ammount in the account in 2011.

Q: A father deposited a total amount of P88,500 on two different investments. The first investment…

A: Formula:final amount = principal amount(1+rt) Let, the first investment=xThe second investment…

Q: Mychael wants to buy some new exercise equipment for his home gym for 377,000 financed and in annual…

A:

Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A:

Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

A:

Q: 15. Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of…

A: Here given that   Principal on loan P=$3100 Rate of interest r= 0.65% monthly  total simple interest…

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

A:

Q: Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period…

A:

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: When Jack started his job working for an idustrial manufacturing company, he contributed $680 at the…

A: According to the given information it is required to find how much money Jack would have at the end…

Q: Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $321,800. The…

A: The appraised value of the condominium is $321,800.

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: Kimberly has just started her first job and decides to begin saving for a car. She opens a savings…

A: We have to find the amount in the account on October 1, 2010.

Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

A:

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A:

Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

A:

Q: How much is the cash value of the car if the interest used is 12% monthly?

A: Given:monthly payment =17,000 Interest rate=12% Formula used: PV annuity=P×1-1+I-nI

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: Michael wants to buy some new exercise equipment for his home for 371,000 financed at an annual…

A: In the add-on method, we divide add the principal amount and the interest for the five years into…

Q: suppose that you borrow $12,000 for five years at 5% toward the purchase of a car. use PMT to find…

A: To find the monthly payments, consider the formula-

Q: The loan of $ 700 is expected to be paid in one year as a total of $ 749. What is the annual…

A: Solution

Q: On May 28, 2020, Amy purchased a Government of Canada T-bill that matures on August 4, 2020. How…

A: Future value is $10,000 Rate of interest 1.35%

Q: Jack invested $5000 in a 5-month term deposit at 4.7%. At the end of 5months, Jack reinvested the…

A: Let a=5000 q1=1+4.71001/12      q1=1.0471/12q1=1.0038 q2=1+7.31001/12q2=1.0731/12q2=1.0059

Q: Kimberly has just started her first job and decides to begin saving for a car. She opens a savings…

A:

Q: you are going to receive 40 two years from today. if annual discount rate is 10 oercent what is the…

A: This is a problem of compound interest  solved below

Q: dividend of ₱160.90 per share last year. If yesterday’s last price was ₱2700, what is the current…

A: Please check the answer in next step