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7.
- Find the PV of $1000due in 5 years if the discount rate is 10% per year. (Assume this is a single payment not an annuity).
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- An annuity pays $15 per year for 94 years. What is the present value (PV) of this annuity given that the discount rate is 9%?8. Engr. Budoy bought a bond having a face value of P 10,000 for P 9,700. The bond rate was 14% nominal and interest payments were made to him semi-annually for a total of 7 years. At the end of the seventh year, he sold the bond to a friend at a price that resulted a yield of 16% nominal on his investment. What was the selling price?On 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?
- Help please Exercise 1-How much do you need to invest today in a CD with an ROR of 5.5% if you want to purchase a car 3 years from now for $10,000? Exercise 2 - Your monthly rent and living expenses are $625. How much should be put into your money market amount today, to pay for the next 12 months? Assume your money market is currently paying 5% annually.SHOW SOLUTION 3.) A new employee who is now 20 years old is planning to have personal savings totalingP 1,500,000 when he retires at the age of 60. If the annual interest rate is 8%compounded monthly over the next 40 years, how much must he save each month toaccomplish his goal?Given problem: What is the annual rate of interest if 228.92 is earned in 7 months on an investment of 17,266.77? >Use 4 decimal places
- Provide Cash Flow Diagram, solution and discussion. Subject : ME Economics 3.How much money should be deposited each year for 12 years if you wish to withdraw $309 each year for five years, beginning at the end of the 14th year? Let i= 8% per year.Green and Gold Industries sells 3 products. The sales are expected to increase every year as shown over the next 5 years. For the rate of interest given, what is the FV of the total sales revenue? Product A Product B Product C Rate 1st years sales $200,000 $150,000 $50,000 6% Increases per yr 5% 10% $15,000 A. $2.7 Million B. $220,500 C. $2.3 Million D. $243,101(a) A town has a population of 5000 persons, but is expected to grow by 2% every year.(i) What would be the population size in 7 years?(ii) Find the sum of the first eight terms of the sequence18, −14,12, . . . ..(b) A landscape contractor is hired to cultivate ornamental plants in three new residentialdevelopments. The contractor charges the developer for each tree cultivated, an hourly rateto cultivate the ornamental plants, and a fixed delivery charge. In one development it took211 labour hours to cultivate 244 ornamental plants for a cost of $9394. In a second developmentit took 128 labour hours to cultivate 283 ornamental plants for a cost of $8270. In the finaldevelopment it took 165 labour hours to cultivate 386 ornamental plants for a cost of $10938.
- Joe's annual income has been increasing each year by the same dollar amount. The first year his income was $21,100, and the 6th year his income was $27,100. In which year was his income $35,500? His income was $35,500 in the th year. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.A mom would like to open a savings account for her new born son's university education. Her plan is to deposit $5,000 at the end of each year for 18 years. From her job, she is expecting a promotion bonus of $4,000 at the end of 8 years that she can deposit directly to her son's university fund. However, she needs to get a new car 5 years from now with a down payment, so she realizes she cannot save any money for her son's university fund during that year. If the underlying savings account pays 8% interest compounded annually, how much money would her son have in this account at the end of 18 years? Please show all steps!!Question 888 M A mining company CEO wants to help provide college education for the daughter of a high performance underground worker. He can afford to invest $750/yr. for the next 4 years, beginning on the student’s fourth birthday. He wishes to give the future student $5,000 on her 18th, 19th, 20th, and 21st birthdays, for a total of $20,000. Assuming 6% interest, what uniform annual investment will he have to make on the girl’s 8th through 17th birthday? show all steps clearly Full explain this question and text typing work only thanks