Please help me answer numbers 2 & 4. Thank you! Score:Date:Name:B. Solve for the following:1.A water dispenser costs 17,100. It is purchased with a down payment of P1,100 and 6bimonthly payments. If money is worth 9% compounded bimonthly, find the bimonthlypayment.2. Determine the present value of an ordinary annuity of P2,700 each quarter payable for 4years and 9 months, if money is worth 11% compounded quarterly.3. Emalou will settle a debt by paying P850 quarterly for 4 years. What is the outstandingdebt if money is worth 12.3% compounded quarterly?4. What must be deposited every 3 months in a fund paying 11.4% compounded quarterlyin order to have P125,000 in 7 years?160 PageChapter 4: Ordinary Simple Annuity

Introduction We have given an annuity value. Its time duration has also given. It is compounded…

Answered: - Determine the present value of an…

- Determine the present value of an ordinary annuity of P2,700 each quarter payable for years and 9 months, if money is worth 11% compounded quarterly.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please help me answer numbers 2 & 4. Thank you!

Score:
Date:
Name:
B. Solve for the following:
1.
A water dispenser costs 17,100. It is purchased with a down payment of P1,100 and 6
bimonthly payments. If money is worth 9% compounded bimonthly, find the bimonthly
payment.
2. Determine the present value of an ordinary annuity of P2,700 each quarter payable for 4
years and 9 months, if money is worth 11% compounded quarterly.
3. Emalou will settle a debt by paying P850 quarterly for 4 years. What is the outstanding
debt if money is worth 12.3% compounded quarterly?
4. What must be deposited every 3 months in a fund paying 11.4% compounded quarterly
in order to have P125,000 in 7 years?
160 Page
Chapter 4: Ordinary Simple Annuity

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