How much do ten ₱ 5,811 quarterly payments amount at present, if the interest rate is 2 compounded quarterly if payments are done every beginning of the month
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- How much do ten ₱ 5,811 quarterly payments amount at present, if the interest rate is 2 compounded quarterly if payments are done every beginning of the month?
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- Suppose that $12,000 is placed in a bankaccount at the end of each quarter over the next 15years. What is the future worth at the end of 15 yearswhen the interest rate is 8.5% compounded at thegiven intervals?(a) Quarterly(b) Monthly(c) ContinuouslyTo accumulate a fund of P 80,000 at the end of 10 years, a man will make equal annual deposits in the fund at the beginning of each year, How much should he deposit if the fund is invested at 5% compounded annually?Pls solve for the ordinary annuity of the following: Joe deposits $22,000 at the end of each year for 7 years, in an account paying 6 % compounded annually, how much will he have on deposit after 7 years? Ans: $184,664.43 Napoleon deposits $1,200 at the end of each quarter for 10 years, in an account paying 8 % compounded quarterly, how much will he have on deposit after 10 years? Ans: $72,482.38 Jose wants to retire in twenty years and for this purpose he is depositing $200 at the end of each month in a sinking fund that pays 7.2% compounded monthly. If he will be doing this for twenty years, then how much money will be there for him when he retires? Ans: $106,752.47
- What is the amount of 10 equal annual deposits that can provide five annualwithdrawals, when a first withdrawal of $3,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of 6% per year over the previous year's rate if(a) the interest rate is 8% compounded annually?(b) the interest rate is 6% compounded annually?1. How much money would you have to deposit for 5 consecutive years starting one year from now if you want to be able to withdraw P 50,000 ten years from now? Assume the interest is 14% compounded annually.Suppose you have the alternative of receiving either $15,000 at the end ofseven years or P dollars today. Currently, you have no need for the money, soyou could deposit the P dollars into a bank account that pays 6% interest compounded annually. What value of P would make you indifferent in your choice between P dollars today and the promise of $15,000 at the end of seven years?
- ! Pls answer all ! bartleby = 3 max questions 1. Compute the interest for an amount of P200,000 for a period of 8 years if was made at 16%compounded every 2 months? 2. Which has the least effective rate of interesta. 11% compounded monthlyb. 11.2 % compounded quarterly 3. Find the nominal rate of 22% compounded every 3 months.What is the future worth of P 6000.00 deposited at the end of every month for four years if the interest rate is 12.12% compounded bi-monthly? Answer using formula. Show your complete solution.Please answer using GUFSA method and please also use the formulas attached. 2. Gus purchased a laptop, and he would like to know the present value of his monthly payment of P3,000 when interest is 9% compounded monthly. How much is the present value of his payments at the end of 6 months? 3. Renato paid P200,000 as down payment for a car. The remaining amount is to be settled by paying P16,200 at the end of each month for 5 years. If interest is 10.5% compounded monthly what is the cash price of his car? 4. In order to save for her high school graduation, Mariglenn decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly how much will her money be at the end of 6 years? 5. The buyer of a car pays P169,000 cash and P12,000 every month for 5 years. If money is 10% Compounded monthly how much is the cash price of the car? 6. Fernan borrows money to buy a motorcycle. He will repay the loan by making monthly payments of P1,500 for 24 months at an…
- Assuming an interest rate of 10% compounded annually, answer the following questions:(a) How much money can be loaned now if $20,000 is to be repaid at the end of five years?(b)How much money will be required in five years in order to repay a $15,000did loan borrow now?An independently owned movingcompany wants to have enough money to purchase anew tractor-trailer in four years. If the unit will cost$250,000, how much should the company set aside nowif the account earnsa. 10% simple interest?b. 10% compounded semi-annually?5. Mr. Jo needs P 4,000,000 immediately to pay for a new home. Having insufficientfund for this, he borrows P 2,000,000 from an insurance company and repay the loanevery six months for 15 years, the first payment being at the end of 8 years from now.If the insurance company charged him 8% compounded semiannually, how much isthe amount of each payment?