A father wishes to provide his daughter the amount of ₱1M twelve years from now. How much should he invest after two years, if it will earn interest at 8% compounded monthly for the first five years and 12% compounded quarterly in the next five years?

Q: Your daughter will start college one year from today, at which time the first tuition payment of…

A: Using excel PV function

Q: Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 5…

A: Compound interest is a type of interest that includes the initial principal as well as all the…

Q: A man wishes his son to receive ₱200,000 ten years from now. What amount should he invest if it will…

A:

Q: Mr and Mrs Chong are considering two types of education saving for their children. Saving A requires…

A: Here, Details of Saving A: Deposit Amount is RM 500 at the end of each month Interest rate is 3%…

Q: Wally and Paolo are bestfriends. Wally desires Paolo to receive 200000 in twelve years. What should…

A: We need to use future value  formula to calculate the amount to be invested today. PV =FV(1+r)n…

Q: A man has children aged 12, 15, and 20. He purchases annuities for each one that pay 3,000 per year…

A: Time value concept Money that is received today is of more worth as compared to the money received…

Q: A man wishes his son to receive P250,000 ten years from now. What amount should he invest if it will…

A: Given, Amount (A10) = P250,000 Rate of interest (r) = 10% Number of times interest is compounded (n)…

Q: how much must brix save in his account at the end of each month in order to have 125,000.00 at the…

A: Monthly Compounding Interest Rate = 5.88%/12 = 0.49% per month Time Period = 5 years × 12 = 60…

Q: if you owe $35,000 payable at the end of eight years, what amount should your creditor accept in…

A: Amount due after 8 Years (FV) = $ 35000 Interest rate (r) = 13% Period (n) = 8 Years

Q: Matilda is planning for her daughter’s university education to begin five years from today. She…

A: PRESENT VALUE OF ANNUITY: PVA=A×1-11+rnr where, A=annuity r=rate of interest n=number of years

Q: A son will receive 3000 pesos at the beginning of each 3 months for 4 years. What is the sum of this…

A: The given problem relates to concept of annuity. An annuity is a series of uniform cash flows over a…

Q: Jeremy is investing $5,000 today and will do so at the beginning of another nine years for a total…

A: The future value of the annuity due is the future worth of a cash flow series receivable/period at…

Q: A man wishes his son to receive $250,000 ten years from now. What amount should he invest if it will…

A: Given: FV = $250,000   To calculate: Present Value   Let's understand the interest rates:…

Q: Eleanor makes year-end deposits of P500.00 the first year, P550.00 the second year, P605.00 the…

A: Computation:

Q: esslyn has just given an insurance company RM1 million, a sum of money she just received from her…

A: The given problem can be solved using RATE function in excel. RATE function provides interest rate…

Q: Freya plans to invest $1,600 every six months for 25 years. How much will this investment be worth…

A: Given information: Investment every 6 months : $1,600 Time period : 25 years Rate of interest : 8.2%

Q: A father wishes to bequeath to this daughter 20,000 ten years from now. If he invest an amount…

A: Time value of money is a concept that states that the worth of a certain amount of money today is…

Q: Cathy wishes her daughter Aleah receive Php 100,000 ten years from now. What amount should she…

A: In this problem, first we have find present value at the end of 2 years taking time as 8 years and…

Q: Christopher wants to have 50,000 pesos in 4 years by saving equal regular payments. He can make a…

A: Present value is the sum of the current value of money of future cash flows. It is also known as a…

Q: A couple plans to pay their child's college tuition for 4 years starting 18 years from now. The…

A:

Q: Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3…

A: in this we have to calculate future value FACTOR and than future value from that.

Q: TaraCutler is newly married and is now preparing a surprise gift of a trip to Europe for her husband…

A: Computation:

Q: A young couple wants to have a college fund that will pay $20,000 at the end of each half-year for 8…

A: Here, The interest Rate is 6% Required Amount is $20,000 at the end of each half-year for 8 years…

Q: Harry Taylor plans to pay an ordinary annuity of $6,000 annually for ten years so he can take a…

A: Ordinary Annuity is series to equalized payments received or made over periodic interval at end of…

Q: To pay for your child’s education, you wish to have accumulated $25,000 at the end of 15 years. To…

A: Future Value refers to compounded value of present amount or a series of equal amount of payment…

Q: A father decides to invest k300 each month at 12% per year compounded monthly to pay for his 12 year…

A: Data given: pmt= k 300 r=12% (compounded monthly) n=17-12 =5 years

Q: A couple plans to save for their child's college education. What principal must be deposited by the…

A: Present Value  Present value is the present worth of any sum of a money to be received in the future…

Q: To pay for your child's education, you wish to have accumulated P15,000 at the end of 15 years. To…

A: Future value (F) = P15,000 Time period (n) = 15 years Rate of interest = 6% (compounded annually)

Q: compounded

A: Introduction: The amount to be saved & received at the end of a particular duration is referred…

Q: When your first child is born, you begin to save for college by depositing $225 per month in an…

A: Future value is calculated by multiplying the present value with the 1+r factor for the given rate…

Q: John and Rosamond want to retire in 8 years and can save $230 every three months. They plan to…

A: In this problem we have to convert interest into quarterly interest and period into quarterly period…

Q: Gyutaro wishes his sister to receive P600,000.00 twelve years from now. What amount should he invest…

A: The present value is calculated by discounting the future values by 1+r factor for the given…

Q: 1.) Miller likes to invest in annuity that will pay him Php. 5000 at the end of each month for 5…

A: Note : As per the guidelines, only first question will be answered. Kindly post the second question…

Q: its, with the first deposit one year from now and succeeding deposits at 2-year intervals, so that…

A: In this we have to calculate the present value of future withdrawals and calculate the deposit…

Q: Maria Anguiano's current salary is $80,000 per year, and she is planning toretire 25 years from now.…

A: Future value is the value of the present cash flows after certain period. Due to interest that can…

Q: Assume the money earns 7% interest, compounded quarterly

A: Interest rate is i=7% compounded quaterly no. of periods in a year n=4 *1=4 Time t = 18 years amount…

Q: Ray wants to buy his son a car for his P21st birthday. If Ray’s son is turning 16 today, and…

A: Future value= Payment per month * [{((1+Interest rate)^(Number of periods))-1}/Interest rate]…

Q: Suppose Jennifer deposits $500 in an account at the end of this year. $400 at the end of the next…

A: We need to use compound interest formula to solve this problem A =P(1+i)n Where A= final payment…

Q: Mrs. Reyes decided to save money for her grandchild. She deposit Php 300 each month into an account…

A: Annuity: It refers to the present and future value of recurring payments at a particular point of…

Q: Mr & Mrs. John have decided to start a monthly savings program in order to provide for their son's…

A: Accumulated amount (F) = RM 50,000 Annual interest rate = 6% Monthly interest rate (r) = 6%/12 =…

Q: A young couple wants to have a college fund that will pay $35,000 at the end of each half-year for 8…

A: Here, Required Amount in every six months for 8 years is $35,000 Interest Rate is 6% Time Period for…

Q: Mae expects to receive $1,000 at the end of each of the next three years. She will deposit these…

A: Mae expects to receive at the end of each of next three years = $1000 She will deposit these…

Q: Benjiena would like to purchase a house and lot amounting to P10,000,000 in the span of five years.…

A: The compound interest is the interest which calculated on principal involves all accumulated…

Q: Maria wants to have ₱750,000.00 at the end of 4 years for her graduation expenses. She plans to…

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

Q: Mrs Sam has deposited $ 18,000 in a bank at the rate of 7% per annum. Find out how much she will…

A: Given: Deposit = $18,000 Period 12 years Interest rate = 7% or 10%

Q: If he deposits 2000 at the end of every year into a special account for seven years and the bank…

A: This problem can be solved in light of annuity and future value. Total amount in the deposit account…