A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at an interest rate of 12%, compounded annually? (All answers are rounded to nearest dollars.) O a. $4,804 b. $4,500 C. $5,401 d. $4,944
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- 5. Mr. Jo needs P 4,000,000 immediately to pay for a new home. Having insufficientfund for this, he borrows P 2,000,000 from an insurance company and repay the loanevery six months for 15 years, the first payment being at the end of 8 years from now.If the insurance company charged him 8% compounded semiannually, how much isthe amount of each payment?Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?Periodic Deposit: $? at the end of each yearRate: 8% compounded annuallyTime: 12 yearsFinancial Goal: $20,000SUBJECT: ENGINEERING ECONOMICS By condition of a will, the sum of P 2,000 is left to a girl to be held in trust fund by her guardian until it amounts to P 50,000. When will the girl received the money if the fund is invested at 8% compounded quarterly? When will the amount be tripled with an interest of 11.56%? A man borrowed P 1,000,000 at interest rate of 12% per annum compounded quarterly. What is the effective rate?
- Please no written by hand and no emage You owe UJ R1 000 due in three years from now and R8 000 due in five years from now. He wishes to reschedule his debt so as to pay two sums on different dates, one, say X, in one year from now, and the other, which is twice as much (ie 2X), five years later. UJ agrees, provided that the interest rate is 18% per annum, compounded quarterly. What are your payments?Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year? A. P 4,880.00 B. P 4,820.00 C. P 4,860.00 D. P 4,840.00A manufacturer of toilet flush valves wants to have ₱15,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each quarter from now, how much will it have to deposit each year if money is worth 7% compounded quarterly in order to have it available immediately at the end of 10 years? (a) Less than ₱182,000 (b) ₱182,500 (c) ₱191,300 (d) Over ₱262,000
- 2. Marion would like to purchase a used car, which requires a down payment of 80,000.00 pesos. He is willing to pay a monthly amortization equal to 25% of his monthly salary. if the seller will agree to a down payment and the balance payable in 3 years at 16% per year payable in monthly basis, how much is the cash value of the car if the first payment will be due at the end of the first month? Mario is receiving a monthly salary of 16,000.00 pesos a month. Show the cashflow diagram.j.A house and lot can be acquired by a down payment ofP500,000 and a yearly payment of P100,000 at the end ofeach year for a period of 10 years, starting at the end of 5years from the date of purchase. If money is worth 14%compounded annually, what is the cash price of theproperty? include a non-excel cash flowOn the day Michel was born, his grandfather deposited to a trust company a sufficient amount of money so that michel could receive the annual payments of Php 20,000 each for his college tuition, starting wiht his 18th birhtday. Interest at the rate of 12% per annum was to be paid on all amounts of deposit. There was also a provision that the grandson could elect to withdraw no annual payments and receive lump on his 25th birthday. Michel chose this option. How much did his grandfather deposit?
- 13. Given that the interest rate is 15%, what is the equivalent uniform annual cash flow of the following streams of cashflows? Year 0 - $100,000 Year 1 - $200.000 Year 2 - $50,000 Year 3 - $75,000Suppose that $12,000 is placed in a bankaccount at the end of each quarter over the next 15years. What is the future worth at the end of 15 yearswhen the interest rate is 8.5% compounded at thegiven intervals?(a) Quarterly(b) Monthly(c) Continuously1. Given the cash flow diagram as shown, if interest is 5%, determine the equivalenttotal present and accumulated amount. 2. How much do you need to deposit today into an account that pays 3% per year sothat you can make 10 equal annual withdrawals of P1000, with the first withdrawalbeing made seven years from now? 3. Four-year lease agreement requires payments of P10000 at the beginning of everyyear. If the interest rate is 6% compounded monthly, what is the cash value of thelease?
