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Assume you receive a $10,000 payment at year 4. The interest rate
equals 6%, compounded annually. The appropriate CFD is:
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- The maintenance of a room air conditioner is expected to be P 200,000 at the end ofthe first year and is expected to increase P 10,000 each year for the following 7 years. Assuming rate of interest at 8%, compute The sum of money to be set aside now for the future maintenance of the roomWhen will an amount be tripled with an interest rate of 11.56% a. 9 years b. 10 years c. 11 years d. 12 yearsMr. Lopez is planning for her retired life. He has 10 more years of service. He would like to deposit 20% of his salary, which is P 5,000, at the end of the first year, and thereafter he wishes to deposit the amount with an annual increase of P 500 for the next 9 years with an interest rate of 12%. What is the total amount at the end of the 10th year of the above series? a. P 115,560.25 b. P 119,196.80 c. P 99,880.38 d. P 94,078.94
- Lourdes has just retired and plans to consume $14257 from the retirement account every year for the next 12 years starting one year from today, meeting the rest of the expenses from other resources. If the annual interest rate is 9.6% compounded semiannually, how much does Lourdes have in the retirement account today? Round off interest rate to six decimal places.A ₱ 26,823 debt is to be paid off in eight equal quarterly payments at 3% compounded quarterly. What should be the amount of each payment if payments are done every beginning of the month?What will be the amount due on February 10, 2022, if the present value on July 17, 2021 is ₱10,100 at 2 2/5% simple interest? (round off to 2 deccimal places)
- What is the present value or price of a 10 year P20,000 annuity with an interest rate of 5% a. P1.9M b. P3M c. P2.1M d. P1MLourdes has just retired and plans to consume $10498 from the retirement account every year for the next 14 years starting one year from today, meeting the rest of the expenses from other resources. If the annual interest rate is 9.6% compounded semiannually, how much does Lourdes have in the retirement account today?Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that $2,600 is set aside each year and invested in a savings account that pays 10% interest per year, compounded continuously. a. Determine the accumulated savings in this account at the end of 23 years. b. In Part (a), suppose that an annuity will be withdrawn from savings that have been accumulated at the EOY 23. The annuity will extend from the EOY 24 to the EOY 33. What is the value of this annuity if the interest rate and compounding frequency in Part (a) do not change? The accumulated savings amount at the end of 23 years will be $
- A social worker deposits a uniform amount of P12,000 at the end of each year in order to get alump sum of money by the time she will retire at the end of 20 years. If the compound amountfactor for this annuity is equal to 36.78559.1. Compute the nominal interest rate.2. Determine how much will she receive at the end of 20 years.3. Determine the worth of the sinking fund factor in this fund invested.For a principal borrowed under %14 nominal interest rate, compounded annually, a bank offers two alternative payment plans in gradient series with 35 years of payment horizon Base payment of $1000 at the end of the first year, and at the end of every next year, the payment size will be increased by $25 compared to the previous year. Base payment of $800 at the end of the first year, and at the end of every next year, the payment size will be increased by a constant $x compared to the previous year. What is x? Choose the closest value to your answer. For a principal borrowed under %14 nominal interest rate, compounded annually, a bank offers two alternative payment plans in gradient series with 35 years of payment horizon Base payment of $1000 at the end of the first year, and at the end of every next year, the payment size will be increased by $25 compared to the previous year. Base payment of $800 at the end of the first year, and at the end of every next year, the payment size…what is the equivalent present worth of the cash flow given in the accompanying figure? assume i=8%