Deposits are made to an account as indicated in the table below (i = 1% per quarter):End of qtr0 (initial deposit)12345a.DepositP 100,000100,000100,0000150,0000End of qtr678910Deposit0150,0000200,000200,000What will be the balance at the account at the end of the tenth quarter (that is, after the depositof $200,000)?b. What one sum at the end of the fifth quarter is equivalent to the specified series of deposits?

Deposits are made to an account quarterly. The interest is compounded every quarter at i = 1% per…

Deposits are made to an account as indicated in the table below (i = 1% per quarter): End of qtr 0 (initial deposit) 1 2 3 4 5 Deposit P 100,000 100,000 100,000 0 150,000 0 End of qtr 6 7 8 9 10 Deposit 0 150,000 0 200,000 200,000 a. What will be the balance at the account at the end of the tenth quarter (that is, after the deposit of $200,000)? b. What one sum at the end of the fifth quarter is equivalent to the specified series of deposits?

Deposits are made to an account as indicated in the table below (i = 1% per quarter): End of qtr 0 (initial deposit) 1 2 3 4 5 Deposit P 100,000 100,000 100,000 0 150,000 0 End of qtr 6 7 8 9 10 Deposit 0 150,000 0 200,000 200,000 a. What will be the balance at the account at the end of the tenth quarter (that is, after the deposit of $200,000)? b. What one sum at the end of the fifth quarter is equivalent to the specified series of deposits?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

he state of Florida sold a total of $36.1 million worth of lottery tickets at $1 each during the first week of January 2007. As prize money, a total of $41 million will be distributed over the next 21 years ($1,952,381 at the beginning of each year). The distribution of the first-year prize money occurs now, and the remaining lottery proceeds are put into the state’s educational reserve funds, which earn interest at the rate of 6% compounded annually. After the last prize distribution has been made (at the beginning of year 21), how much will be left over the reserve account? (withouth using the excel formulas please!)
An industrial juicier costs$45,000. It will be used for five years and then sold to market for$25,000. If interest is15%, what net yearly savings are needed to justify its purchase? Show your calculation steps.
Consider each of the following deposit cash flow series. What will the final balance (future equivalent value) after the final deposit? Assume the account earns 9% compounded annually. Use factor method for a and b
You have a savings account with Corp X that pays out monthly interest at 0.25% p.a. You had a balance of P2,300,000 at the end of November 2014. You withdrew P500,000 on December 12, 2014 and deposited P250,000 on December 28, 2015. How much net interest will you get at the end of Dec? If the savings is with a bank, how much net interest will you get at the end of December?
The term of a lease contract are as follows: Annual lease = ₱ 1.50M, first payment upon start of thelease, annual lease increase by 10% each year for 4 years. A single lump sum payment is acceptable atthe start of the lease based on an interest rate of 14 % compounded annually. Find the amount of thislump sum.
True or False 1. The future worth of a perpetuity from one (1) to n years is undefined because as n approaches infinity, the valuebecomes 0. 2. Perpetuity is derived from the fact that the number of compounding periods approaches to infinity while the nominal interest rate approaches to 0. This then lumps the expression into e.
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.
₱12000.00 was invested in a bank at 4% compounded annually for six years. The principal was took out and the interest earned was invested at the same rate compounded semi-annually for another six years. What is the amount will becomes after another six years? Ans: ₱3585.51
Given Problem: A motorcycle parts shop borrowed 10,098.01 from Francois’ Lending on Mar. 1, 2018 and 7,468.53 on Mar. 1, 2020. Jones Corporation made a partial payment of P7, 000 on Mar. 1, 2021. It was agreed that the balance of the loan would be amortizes by two payments one of Mar. 1, 2022 and the other on Mar. 1, 2023, the second being 25% larger than the first. If the interest rate is 0.067. What is the amount of the last payment?
You have just won a lottery prize of $2,500,000 collectible in 10 yearly installments of $250,000 starting today. The total present worth of the prize is $1,663,173. Suppose that you have a large mortgage you want to pay off now. You propose an alternative but equivalent payment scheme. You would like $290,000 today and the balance of the prize in eight years when you intend to purchase a large piece of waterfront property. How much will the payment be in eight years? Assume that annual interest is 10 percent compounded monthly
Topic: Gradient Geometric A self employed individual, Jimmy Carpenter, is opening a retirement account at a bank. His goal is to accumulate P2908875 in the account by the time he retires from work in 20 years. A local bank is willing to open a retirement account that pays 10% interest compounded semiannually, throughout the 20 years. He wishes to start with a deposit at the end of the end of 1st semiannual and increase the deposit by 5% per semiannual thereafter. What should be the size of his first semiannual deposit? Note: Draw the cash flow diagram and use interest rate with five decimal places.
A.) A man pays his debt in the following manner: P1000 after 1 yr., and decreases P77 every year up to 6th yr. Find the accumulated amount of these payments at the rate of 15% compounded annually. B.) The annual maintenance cost of a generator is P834 after 1 year and it is estimated to increase by 10% each year for the subsequent 7 years. Find the present worth of the maintenance cost if the rate of interest is 15% compounded annually. Note: please solve it mannually without using computer so that we could understand how to solve it