What is the principal amount if the amount of interest at the end of 2 1/2 year is P4,500 for a simple interest of 6% per annum? P35,000 P45,000 P40,000 P30,000
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- 44. What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually?A man wants to make 14\% nominal interest compounded semiannually on a bond investment. How much should the man be willing to pay now for a 12\% P10,000-bond that will mature in 10 years and pays interest semiannually? D. 8,509 C. 8,950 B. 8,590 A. 8,905 *in written solution please with regards to the choices14. How many years will be required for a given sum of money to be 4 times the principal amount, if it is deposited in a bank account that pays 6.97% per year, compounded annually? Round up to the nearest whole number.
- what is the balance and amount of interest earned if $2500 is invested at 6% compounded monthly for five years?How many years will be required for a sum of money to double, if the annual interest rate is 10%, compounded quarterly? (correct answer: 5.66)1. What annuity is required over 15 years to equate with a future amount of P 300,000? Use i= 6% annually.
- Company B has a P5M loan for a new security system it just bought. The annual payment is P444,000 and the interest rate is 8% per year for 30 years. Your company decides that it can afford to pay P500,000 per year. After how many payments (years) will the loan be paid off?Carol borrowed P250,000 from a lending company with 10% interest compounded semi-annual and is to be amortized by semi-annual payments over the next 5 years. The first payment is due in 6 months. What are the semi- annual payments? Answer. P32,376.2566. How many years will be required for a sum of money to double, if the annual interest rate is lo%, compounded quarterly?
- 17. Determine the present worth of the following cash flows based on an interest rate of 6.76% per year, compounded annually. Round off to two decimal places. End of Year 0 = Php 5323 End of Year 1 = Php 5906 End of Year 2 = Php 5906 End of Year 3 = Php 5697 End of Year 4 = Php 5030 End of Year 5 = Php 5548A house costs P500,000 cash. A purchaser will pay P100,000 cash, P50,000 at the end of 2 years and a sequence of 6 equal annual payments starting with one at the end of 4 years to discharge all his liabilities at 7% compounded annually. Find the annual payment which may be made for 6 years.If the principal is P 124,860 and the future value is P 182,568, what is the value of the single payment present worth factor?