A man pays P 132,097  every end of six (6) months for a car bought on installment terms. If the man wishes to pay every end of the quarter instead of every end of 6 months, how much should he pay if the interest is 14% compounded quarterly?

Q: By the condition of a will, the sum of P25, 000 is left to be held in trust by her guardian until it…

A: The compound interest is given by:

Q: Mr. Chua had a P50,000 business loan that is to be paid for 1 year. If the interest rate is 10%…

A: Solution :-

Q: At the time of her​ grandson's birth, a grandmother deposits $3000 in an account that pays 5%…

A: Given P = $3000r = 5% = 0.05t=21n=12A=P1+rnnt

Q: A company estimates that it will need $167,000 in 15 years to replace a computer. If it establishes…

A: From the given context, we have provided the future value of a computer. To find: Periodic payment.…

Q: Ms. Newman had a P55,000 business loan that is to be paid in 8 months. If interest  rate is 12%…

A: Note: As per company guidelines we are supposed to solve only 1 question. So, kindly repost other…

Q: Suppose that you had the opportunity of investing 5000$ in a business such that the value of the…

A: Given  that Investing 5000$ in a business increases the value to 6300$ after 5 years.

Q: A company plans to purchase a large piece of machinery with $2401 semi-annual payments for 23…

A: Given:- Semi-annual payment of machinery =$2401             semi-annual payments for time =23 months…

Q: 2. Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: Given that, Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5%…

Q: The owner of Oak Hill Squirrel Farm deposits $1,000 at the end of each quarter into an account…

A: Let's find value at the end of 6 years,6 months.

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $467 per month…

A:

Q: A man borrowed 30,000 in the bank and agreed to pay an equal payment at the beginning of each 3…

A:

Q: A man receives 125,000.00 credit for his old car when buying a new model costing 375,000.00. What…

A: Given information Buying price=$375,000 Old car exchange value=$125,000 Interest rate r=6% Since,…

Q: 1. Shirly started to deposit 18,000 semi-annually in a fund that pays 5% compounded semi-annually.…

A:

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

A: To find : Annual Percentage Yield of two companies

Q: Tara bought a property by agreeing to make semi-annual payments of $2000 for twelve years. If the…

A: First we need to find the future value or the total amount paid by Tara. Then we can find the…

Q: 2. Ricky is 35 years old. He plans to retire when he is 63. He has opened a traditional retirement…

A: We will solve the following.

Q: At the time of her​ grandson's birth, a grandmother deposits $6000 in an account that pays 2%…

A: Since you have posted multiple questions and we can answer one question. So, answered the first…

Q: To help with a down payment on a home, Henry is going to invest. Assuming an interest rate of 1.65%…

A:

Q: A contractor bought a concrete mixer at P 140,000 if paid in cash. The mixer may also be purchased…

A: Given : Principal = 140000 Time = 5 years Rate per annum = 8%

Q: What payment is required at the end of each month for 10 years to repay a $200,000 mortgage if…

A:

Q: The Pirerras are planning to go to Europe in 3 years, and have agreed to set aside $150 per month…

A:

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: 1. Ken is paying 2,500 every 3 months for the amount he borrowed at an interest rate of 8%…

A: Let us find the loan amount for the following EMI program in the next steps.

Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: The Jones want to save $51,000.00 in 2 years for a down payment on a house. If they make monthly…

A: FV=PMT1+rnnt-1rn FV=51000 t=2 years r=3%=0.03 n=12 for a monthly payment

Q: Greg borrowed $8000 at a rate of 17% , compounded quarterly. Assuming he makes no…

A: A=P1+rnntP is the principal amount.R is the rate of interest.t is the time.n is 4 in case of…

Q: A debt of $9000 is to be amortized with 6 equal semiannual payments. If the interest rate is 7%,…

A: A debt of $9000 is to be amortized with 6 equal semiannual payments. If the interest rate is 7%,…

Q: If an apartment complex will need painting in 2 1 2 years and the job will cost $135,000, what…

A:

Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: Given query is to find the total amount after 10 years with $1800 month,6% compounded monthly.

Q: 3. I want to save $5,000 for a down payment on a car. To the nearest dollar, how much will I need to…

A:

Q: As a settlement for an insurance​ claim, Craig was offered one of two choices. He could either…

A:

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

A:

Q: By the conditions of a will, the sum of P25,000 is left to a girl to be held in a trust by her…

A:

Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

A:

Q: Mrs. Roxas would like to buy a television (TV) set payable monthly for 6 months starting at the end…

A: Given that Mrs. Roxas would like to buy a television (TV) set payable monthly for 6 months…

Q: 2.) Laura wants to accumulate $150,000 in her bank account by depositing $1000 at the beginning of…

A: Amount=$150,000 Present value=$1000 Rate of interest =5% compounded quarterly.…

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: A 55-year-old man deposits $50,000 to fund an annuity with an insurance company. The money will be…

A:

Q: If you were to invest $200 at 4% interest compounded annually or each year, what would be your…

A: We shall use formula for compund interest. P= initial amount A = total amount after t years…

Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: A couple believes they can afford a monthly house payment of $1,700 and would like a 30-year…

A:

Q: A man pays P 103,869 every end of six (6) months for a car bought on installment terms. If the man…

A:

Q: With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but…

A: Given, P = 25,000 Rate of interest = 4% compounded monthly Time = 1 year To calculate compounded…

Q: Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to…

A: Here we need to apply the concept of compound interest compounded monthly

Q: If I would like to have $250,000 in my savings account after making contributioms for 30 years, what…

A:

Q: Alex and Toni are twins. After graduation and being finally able to get a job their plan for…

A:

Q: At the time of her​ grandson's birth, a grandmother deposits $1000 in an account that pays 5%…

A: The deposit is $1000, compounded monthly is 5%. The value of the account at the​ child's…

Q: A debt of $5000 is to be amortized with 12 equal semiannual payments. If the interest rate is 7%,…

A: Debt amount=$5000/-  interest rate=r=0.072=0.035 compounded twice a year n=12…

Q: 4. Amal wants to have $40000 available for a down payment on a house in 10 years. How much should…

A: Since you have asked multiple questions in a single request so we will be answering only first…

Q: The owner of oak hill squirrel farm deposits $1000 at the end of each quarter into an account paying…

A: The owner of oak hill squirrel farm deposits $1000 at the end of each quarter into an account paying…