invest in a fund the amount of P 200,000.00 earning at 6.5% interest rate compounded monthly; on the 10th birthday another P 200,000.00 at an interest rate of 7.3% compounded monthly; on the 15th birthday another sum of money at 8% compounded
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A:
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- 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…A woman deposits $9000 at the end of each year for 10 years in an account paying 3% interest compounded annually. (a) Find the final amount she will have on deposit. (b) Her brother-in-law works in a bank that pays 2% compounded annually. If she deposits money in this bank instead of the other one, how much will she have in her account? (c) How much would she lose over 10 years by using her brother-in-law's bank?Suppose you purchased a corporate bond with a 10-year maturity. a $1,000par value, a 10% coupon rate, and semiannual interest payments. What all this means that you receive $50 interest payment at the end of each six-month period for 10 years (20 times). Then, when the bond matures, you will receive the principal amount (the face value) in a lump sum. Three years after the bonds were purchased, the going rate of interest (coupon rate) on new bonds fell to 6% (or 6% compounded semiannually). What is the current market value (P) of the bond (3 years after the purchase)?
- 1. A man who won P300,000 in a lottery decided to place 50% of his winning in a thrust fund for the college education of his son. If the money will earn 14% per year compounded quarterly, how much will the man have at the end of 10 years when his son will be starting his college education? With complete solutionIn the CF diagram shown below, compute the Future amount F at the end of 6 yrs if i = 6% compounded annualy.2. By the condition of a will, the sum of 25 000 pesos is left to a girl to be held in trust by her guardian until it amounts to 45,000 pesos. When will the girl receive the money if the fund is invested at 8% compounded quarterly? (Sketch the cash-flow diagram).
- Solve it correctly and not use of excel only formula Q)A man borrowed an amount of P583,875 to bank that offers aninterest rate of 6.204% compounded continuously and has amaturity date of 9 years. He plans to pay the loan at an amount ofP47,610 at the end of 2 years, and P33,860 at the end of 5 years. a). Effective interest rate, %?b) Future worth of the principal amount after 9 years?c) How much must he pay at the end of 9 years?6. A man bought an equipment costing P60,000 payable quarterly for 3 years, each installment payable at the beginning of each period. The rate of interest is 24% compounded quarterly, What is the amount of each payment?On January 1, 2005, a person’s savings account was worth $200,000. Every month thereafter, this person makes a cash contribution of $676 to the account. If the fund was expected to be worth $400,000 on January 1, 2010, a) what monthly rate of interest was being earned on this fund? Answer is Blank 1 b) what is the nominal rate compounded monthly? Answer is Blank 2 c) What is the equivalent effective interest rate per year? Answer is Blank 3
- 5 A man wishes his son to receive P200,000.00 ten years from now. What amount should he invest if it will earn interest of 10% compounded annually during the first 5 years and 12% compounded quarterly during the next 5 years?NEED HELP ASAP! THANK YOU SO MUCH ! Problem 1: What is the future equivalent of $1,000 invested at 8% simple interest per year of 2.5 years?Problem 2: An investment earns 20% compounded semiannually. After how many years will it triple?Problem 3: A man is required to pay P57,500 at the endof 15 days and for P60,000 at the end of 60 days. Determine the rate of interest. Problem 4: How much should you deposit in an account 5% interest semi-annually if you want to have $25,000 after 10 years?Problem 5: How much should Jane return at the end of 60 days if she loaned P10,000 from a friend at a simple interest of 10%?SITUATION 3: Dana wants to accumulate money for their anniversary celebration with her husband in a yacht. At 5% rate of interest compounded monthly and at P9000 periodical payments, what will be the future worth: 6. if she will withdraw the accumulated money at the end of 7th month. 7. if she decides to withdraw the money 2 months after making 5 payments. 8. if she made 5 equal payments at the start of 5th period