A farmer bought a farm and he paid P 10,000 downpayment and agreed to pay the remaining by P 2,000 at the end of each 6 months for 5 years. He failed to pay the first 5 payments. At the end of 3 years, he is required to pay by the seller the entire debt consisting of his accumulated and future liabilities, otherwise the farm would be foreclosed by the seller. What must he pay if money is worth 12% compounded semi-annually.

Q: When Jerry Garcia was alive he bought a house for $500,000 and made a $100,000 down payment. He…

A: here we calculate the monthly payments by the following method as follow;

Q: If money is worth 7.87% annually, what annual payment is required to raise P 16,730 after 2 years?

A: The formula for calculating the present value of sequence of equal payment is known as annuity .  It…

Q: Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife…

A:

Q: 3. Determine the present worth of an annuity consisting of 14 quarterly payments each S1000, the…

A: The annuity is the series of equal payment of money which has equal gap in periods . Ordinary…

Q: A man wants to make 14% nominal interest compounded semi-annually on a bond investment. How should…

A:

Q: Ranjit has applied for a mortgage loan to buy a $ 501000 house. The bank will require a 20% down…

A: A mortgage loan basically refers to type a secured loan that enables you to borrow money by pledging…

Q: 1. What is the present value of 8 annual $400 payments when the interest rate is 4% PV =

A: Here we calculate the present value , by using the given information so the calculation of the…

Q: Henry plans to purchase a house in 5 years. He needs $30,000 for a down payment.. If he can ean 6%…

A: A down payment is a sum of money that a buyer pays in the early stages of purchasing an expensive…

Q: a. Tüpraş bonds have 5 years until maturity. The bonds have a 12.5% coupon, and they sell at $1100…

A: A bond refers to the financial asset which gives a fixed rate of interest to the investor. Price of…

Q: Mrs. Dolly Bugtong plan to travel abroad with her family. What amount should she save at the end of…

A: Given : Interest = 1.44% Future value of accumulated amount = 250,000 Time Period = 250000 Here, in…

Q: A grocery store sells for $181,500 and a 20% down payment is made. A 35-year mortgage at 6% is…

A: A grocery store sells for $181,500 and a 20% down payment is made. A 35-year mortgage at 6% is…

Q: Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much w 1500…

A: Interest earned on a principal investment (or loan) is added back to the principal - in other words,…

Q: 14 You are interested in buying a car at/$25,000. You plan to take a loan and pay it ou in 4 years.…

A: Nominal interest rate refers back to the interest rate earlier than taking inflation into account.…

Q: a) An individual deposits $8,000 semiannually every six months into a savings account. How much does…

A: the nominal interest rate or nominal rate of interest is either of two distinct things: the rate of…

Q: (1 pt) Which has a higher present value, an annual payment of $650, $20,000 payment to be received…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: Calculate the principal sum which, if deposited at 9.5% compound interest, will grow to £400 after…

A: Here, What is asked: principal amount (P) What are given: Interest rate (r)= 9.5% compounded Future…

Q: Charlotte opened a savings account and depositec Php 150,000.00 as principal. The account earns 2%…

A: here we calculate the balance after 9 years by following method as given below;

Q: If the accumulated amount is P13500 at 4% compounded annually. Calculate the principal amount after…

A: Interest rate is the price of money . Compounding interest rate means interest on interest. It is…

Q: NEED HELP ASAP FOR BOTH PROBLEM. THANK YOU ! Problem 1: A man is required to pay P57,500 at the…

A: Simple interest is calculated on the loan principal or the first deposit into a savings account.…

Q: Wou decide to place all your savings of $1,234 into a fund that has a modest annual interest rate of…

A: An annual percentage rate is expressed as an interest rate. It calculates what percentage of the…

Q: 3-17 You are planning to withdraw $100 in Year 1, $150 in Year 3, and $200 in Year 5. At a 5%…

A: Given:Year=1, FV=$100Year=3, FV=$150Year=5, FV=$200i=5%

Q: A set of cash flows begins at $20,000 the first year, with a decrease each year until n = 10 years.…

A: Present value: It is the current value of a future sum of money.

Q: Eng'g Economy: At 8% annual interest compounded quarterly, how long will it take to become a…

A: Given  Present money worth = $120,000 interest rate =8% =0.08 Compounding period= 4 Fature value =…

Q: 3. A service car whose cash price was 540,000.00 was bought with a down payment of 162,000.00 and…

A: Car Price = 5,40,000 Down Payment = 162,000 Monthly instalment = 10,874.29 for 5 year

Q: What annual interest rate is earned by a 16-week T-bill with a maturity value of $2,400 that sells…

A: Please find the answer below.

Q: 5. $5000 is invested in an account that earns 5% annual interest compounded quarterly. What is the…

A: 5. Given : Amount invested=$5000 Interest rate=5% compounded quarterly To find : Balance after 12…

Q: Adam is planning for hnis retirement. Starting Jahuary 2022, he will deposit $2,000 to a pension…

A: Given, Deposit- $2000 Time- 20 years ROI-12%

Q: 6. Ms. Cruz can buy a piece of property for P6.500.000 cash or P4,000.000 down payment and…

A: In this case we have to find the present value of the both option  First option is in cash then…

Q: 3-49. Find the uniform annual amount that is equivalent to a gradient series in which the first…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 8. If money is worth 6% compounded semi-annually, find the present value of a sequence of 10…

A: Given: The money is worth = 6% compounded semi-annually The sequence is of = 10 semi-annual payments…

Q: With an interest rate of 8% compounded semiannually, the value of a $1000 investment after 5 years…

A: Formula is A = P [1 + (0.5*R/100)]2n A = Net amount P = Principal amount R = interest rate n =…

Q: Howard owns a small electronics repair shop. He wants to borrow $10,000 now and repay it over the…

A: The term “interest rate” is defined as any given money interest rate. It is also known as the…

Q: 3-75. Compute the effective annual interest rate in each of these'situations: . a. 10% nominal…

A: Effective annual interest is Effective annual interest=1+inn-1 Here i is nominal interest and n is…

Q: mitsuha inherited regular endowmentof 100000 every end of 3 months for 10 years. how ever, she…

A: Endowment; A = $100000 at the end of every 3 month for 10 years Interest rate; = 14% compounding…

Q: End of Year 1 2 3 4 5 Find the value at the end of year 2 at 9% interest Cashflow 40,000 80,000…

A: Future Value is the value of a certain sum of money that gets accumulated and compounded with the…

Q: You owe P30,000 due at the end of 3 years without interest. After 2 years, you want to pay the loan,…

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

Q: 6. If you had an average daily balance of $920 and a finance charge of $13.80, What was your APR…

A:

Q: J. Doe is turning 40 years old today and plans to retire in his 65th birthday. He starts making…

A: Withdrawal amount= $25,000 annuallyNo. of withdrawals = 11 i(12)                                 =…

Q: An apartment has an annual rent of 24,000 NIS and a contract that has to be renewed every 2 years.…

A: Given, Annual rent - 24,000  Time- 2 years Rate of Interest- 7%

Q: 1. A future amount F, is equivalent to $ 1,500.00 now when six years, separate the amounts and the…

A: To find the future value, we use the formula for compound interest with present value equal to 1500

Q: if $ 5000 shall accumulate for 10 years at 8% compounded quarterly, what is the compound interest at…

A: Compound interest formula ( for quarterly compounding ) A = amount at the end of time period  A = P…

Q: bought a property and he paid php 100000 cas and agreed to pay php 20000 at the end of each 6 months…

A: *Answer:

Q: 1. If ₱10,000.00 is deposited each year for 9 years, how much annuity can a person get annually from…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A man secured a P 7,164 loan at 6 % interest rate. Find the annual amortization to extinguish it in…

A: An amortising loan is one in which the principal of the loan is paid down over the course of the…

Q: If your credit card calculates interest based on17.85% APR, compounded monthly:(a) What are your…

A: APR = 17.85% (compounded monthly) Since APR is compounded monthly, hence  Compounding Period = 12…

Q: 17. A man wishes to prepare the future of his 10 years old son. Determine the monthly savings that…

A: Engineering economics, formerly known as engineering economy, is a branch of economics concerned…

Q: A man borrowed 1000$for 6 years. He pays 6% per year, compounded quarterly. How much he should pay…

A: The interest earned on the principal can be both simple and compound interest. The amount after…

Q: Farmer Gene is thinking about letting an energy company put up wind turbines on his land. For a…

A: Answer: The equation for income is given below: I=Up front fee+2500×MI=20,000+2500M (1). To find the…

Q: 3. A man bought a lot worth P1.5M it paid in cash. On the installment basis, he will pay a down…

A: Amounts of money today are worth more than the same amount in the future, according to present…

Q: An individual makes rental payments of $1,200 per month and wants toknowthe present value of their…

A: Monthly nominal interest rate (i) = 8% / 12 = 0.67% Number of months (N) = 12 So, PV of rentals =…