For a given interest rate, simple interest varies jointly as principal and time. If P3000.00 left in an account for 24 months earns interest of P720.00, how much interest would be earned in if you deposit P6000.00 in 40 months.
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- hat is the equivalent present value of the following series of payments if the interest rate is 10% compounded annually? P7,000 for 1styear, P6,500 for 2ndyear, P6000 for 3rdyear, P5,500 for 4thyear, and P5,000 5thyear. please also draw a cash flow diagram and dont use the table methodPlease do not SOLVE using EXCEL. Solve it using Manual Computation Determine the maximum future amount of a 10-year uniform annuity X if it will be withdrawn after 20 years and the money is worth 20% effective.what is the balance and amount of interest earned if $2500 is invested at 6% compounded monthly for five years?
- 7. Lawrence takes out a loan For S8000 to start a business after high school, The bank chargeshim 8% interest for the loan. After 8 years how much interest will be added on to the loan? 8. A man borrowed an amount of S10,000 to a bank. The bank agreed considering that theinterest rate is 5% annually. Determine the amount that the man paid the bank if heborrowed last January 01, 1900. The man paid the bank dated November 30, 1900. Useexact simple interest.A debt of P100 701.30 is to be paid by 10-end of the year payments. The first payment begins at the end of the 10th year. Find the yearly payment if rate of interest is 8% compounded yearly.21 Determine the interest rate in % compounded annually if the compound amount factor is 1.569 for a period of 6 years. Express your answer in 3 decimal places.
- A 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.Deposits of 35 000.00, 48 000.00, and 25 000.00 were made in a savings account eight years, five years, and two years respectively. Determine the accumulate amount in the account today if a withdrawal of 55 000.00 was made four years ago. The applied interest rate is 12% compounded continuously.If P35, 000 is deposited now into a savings account that earns 6% per year, what uniform annual amount could be withdrawn at the end of each year for ten years so that nothing would be left in the account after the 10th withdrawal?With cashflow diagram .Please