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- A man purchases a lot worth 5M if paid in cash. On installment basis, he paid P800,000 down payment, P900,000 at the end of the year, P1,650,000 at the end of the third year and the last payment at the end of the 6th year. If money is worth 16%, what is the worth of the last payment?A man bought car for P1,050,000.00 on installment basis at the rate of 12% per annum on the unpaid balance. If he paid a downpayment of P300,000.00 in cash and propose to pay the balance in 20 monthly payments, what should these monthly payment be?If a man earns a salary of $16,104 a year and is paid semimonthly, how much is his semimonthly paycheck before taxes?
- Layla puts PhP 45,000 into an account to use for future expenses. The account earns 13%, compounded quarterly. How much will be in the account after 8 years?The Carp family makes a $30,000 down payment on a $150,000 home. They finance it for 15 years at 3 7/8%. If annual taxes are $2,970 and homeowners insurance is $940, what will their total PITI payment be?What is the present value of a perpetuity of P150,000 payable quarterly if money is worth 4% semi-annually?
- Edward deposits P 100,000 in a savings account that pays 13% interest converted semiannually. How long will his money accumulate to P150,000?A woman paid $98,000 down for a house and agreed to pay 18 quarterly payments of $4,100 each. If money is worth 4% compounded quarterly, how much (in $) would the house have cost if she had paid cash? (Round your answer to the nearest cent.)Peter was receiving rental payments of $1,050 at the end of each month from his tenants of his commercial property What would be the value of his property in the market if he wants to sell it, assuming money earns 4.4% compounded quarterly?
- A woman paid $99,000 down for a house and agreed to pay 18 quarterly payments of $4,900 each. If money is worth 4% compounded quarterly, how much (in $) would the house have cost if she had paid cash?Suppose you are a beneficiary designated to immediately receive ₱9201 each year for 7 years, earning an annual interest rate of 4%. The future value of the stream of income payments is Round your answer to 2 decimal places.Suppose a person invests a toal of $10,000 in two accounts. One account earns 8% annually and the other earns 9% annually. If the total ineterest earned from both accounts in a year is $860, how much is invested in each account?
