Miw deposited P15, 000 each year for 10 years, how much annuity can Miw get annually from the bank every year for ten years starting one year after his last deposit. Rate of interest is 8%.
Q: 0 were made in a savings account eight years, five years, and two years respectively. Determine the…
A: Given:- Deposits of 35 000.00, 48 000.00, and 25 000.00 withdrawal =55 000.00 interest rate =12% To…
Q: Mr.X makes a deposit of 10,000 OMR in an account at the end of every year. After 5 years he receives…
A:
Q: Mrs. Chan bought a house in 1985, and have it financed for 30 years at an interest rate of 9.8%. His…
A:
Q: Which is a better choice in buying a washing machine worth P12,700.00? * A. Avail of the instalment…
A: To determine the best alternative to buy a washing machine. Given, Present worth of the washing…
Q: Liza is planning to buy aMazda 3 which has a price of 2.4million in cash. However, she wants to buy…
A: Consider the given data Car price=2.4 millionInterest rate=8%Number of installment=40Time period = 5…
Q: A businessman engineer loaned P 100,000 at 14% interest and paid P 1,600 per annum for the last 8…
A: It is required to determine the amount to be paid at the end of 10th year. Total loan…
Q: Rachel can earn 3% interest in her savings account. Her daughter Dani is 11 years old today. Suppose…
A:
Q: How much should be deposited at 6% compounded quarterly tax free for 10 years and 6 months to be…
A: compound interest:
Q: Find the difference between the sums of annuity due and ordinary annuity for the following data…
A: As per our guidelines, we must solve only the first question out of the given questions. So, please…
Q: On january 1, 2016, Diana opened an account with a P 50,000 deposit. On january 1, 2017, she…
A: Calculate the the balance on January 1, 2021 ?
Q: A Php200000 loan was originally made at 8% simple interest for 4 years. At the end of this period,…
A: Total interest for initial 4 years = P200000 × 8100×4 = P64000 Total amount at the end of 4 years…
Q: . Determine the exact simple interest on P1,000 for the period from January 10 to December 31, 2012…
A:
Q: Mica owes P250, 000.00 due in one year and P175, 000.00 due in 4 years. She agrees to pay P350,…
A: Effective rate per year - ER = 1 + i22 - 1⇒ER = 1 + 510022 - 1⇒ER = .050625
Q: Mrs. X has just purchased a new car for 1M. She makes a down payment of 30% of the negotiated price…
A: Cash Flow Diagram: A cash-flow diagram is a financial technique that depicts the cash flows…
Q: Mr. Jones is planning a 20-year retirement; he wants to withdraw $6000 at the end of the first year,…
A: The values given in the question are as follows: Withdraw at the end of the first year=$6000…
Q: A car was bought on an installment basis with a monthly installment of 30,000 php for 60 months. If…
A: Given:- Monthly instalment = P30,000 Time n = 60 months Annual interest rate R = 12%
Q: John-X Corporation borrowed P9,000 from Bell-Z Corporation on Jan. 1, 1978 and P12,000 on Jan. 1,…
A: Given, Interest rate, i = 12% Amount borrowed on Jan. 1, 1978 = P9000 Amount borrowed on Jan. 1,…
Q: ou are asked by the manager of your company to determine the sum required to buy a company car and…
A: Given : You are asked by the manager of your company to determine the sum required to buy a company…
Q: Miss Pagtal owes Mr. Rey 400,000 due today. Miss Pagtal offers to pay the principal plus accumulated…
A:
Q: Q2: Being a senior citizen you decide to invest $200,000 say for period 24 months, then describe…
A: Given: The amount to be invested is $200,000 The duration is 24 months. The deposit rate for 24…
Q: A car whose cash price was P540,000 was bought with a downpayment of P162,000 and a monthly…
A: Given data, Price of car = P540,000 Downpayment = P162,000 Monthly installment A = P10,874 Time n =…
Q: as bought at a downpayment of P500,000.He paid P1 million after 1 year and the remaining balance…
A: Given:- P2Million down payment=P500,000 interest rate=24% To find:- how much payment
Q: Vince loaned P30,000.00 from a cooperative and promised to pay it back with x times his original…
A:
Q: A secondhand van is offered for sale. The owner offers two methods of payment. The first method…
A:
Q: Cheska invests P 60000 into an index annuity that has an average of 8.4% compounded semi-annually.…
A: As per our guidelines, I must answer the first question. Kindly post other questions as a separate…
Q: What amount of money is equivalent to receiving $8000 three years from today, if the interest rate…
A:
Q: Jake borrowed P750, 000 from a credit union to purchase a used car. The interest rate on the loan is…
A: ASKED: To determine the amount of the monthly payments. Given, Borrowed sum (Po) = P750,000…
Q: A business invests P 10,000 today to be repaid in 5 years in one lump sum at 12% compounded…
A:
Q: Dianne owes P250, 000.00 due in one year and P175, 000.00 due in 4 years. She agrees to pay P350,…
A:
Q: Mr. Giu invested P 102,200.00 in savings account. After 2 years, he deposited an amount of P 8,500.…
A:
Q: man inherited regular endowment of P111,000 every end of 3 months for 12 years. however, he may…
A:
Q: What is the present worth of a 12 year annuity paying P12,000 at the end of each year, with interest…
A: solution Given number of years n = 12 annual payment A = 12000 interest i = 15% = 0.15
Q: How much money must be deposited in a savings account so that $5500 can be withdrawn 12 years hence,…
A: given-Amount of $5500 can be withdrawn for 12 years.rate of interest=9% compounded annually
Q: . Determine the exact simple interest on P1,000 for the period from January December 31, 2012 at 12%…
A: P = 1000 t = 1year ( January to December 31 ) Rate of interest ,r = 12% = 0.12
Q: If you deposit $1000 per month into an investment account that pays interest at a rate of 6% per…
A:
Q: For a nominal rate of 6% compounded semi-quarterly for 8 years in an ordinary annuity, compute the…
A: Given data- Rate of interest (I) = 6% compounded semi-quarterly Time (n) = 8 years
Q: Carol borrowed P250,000 from a lending company with 10% interest compounded semi-annual and is to be…
A: Given data: Borrowed amount = 250,000 Rate of interest = 10% time period = 5 years
Q: Drew owes P250, 000.00 due in one year and P175, 000.00 due in 4 years. She agrees to pay P350,…
A: Amount owed in 1 year= 250000
Q: What is the accumulated amount of an annuity paying P30,000 at the end of each year for 7 years with…
A: The given data is: Annuity, A=30,000 Time period, t=7 years Interest, R=15%
Q: A condominium unit can be bought at a down payment of ₱150,000 and a monthly payment of ₱ 23,347 for…
A: FInd the present worth:PV=-150,000+23347PA,312%,10PF,312%,5
Q: Mr. Smith plans to purchase a new $10 000 automobile. He wants to borrow all the money for the car,…
A:
Q: 4. For a deposit of $ 1023 at 7.8% interest compounded continuously over 4 years, find the interest…
A: "Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A man 25 years old wants to establish his own retirement. At the end of each year, and thereafter he…
A: solution given annual deposit A = 5000 interest i = 0.15 accumulated value F = 1000000 USE THE…
Q: A corporation sold an issue of 20 year bonds, having a total face value of P10M for P9.5M. The bonds…
A: Given data, Face value F = P10,000,000 Interest rate on bond r = 16% Interest rate on sinking fund…
Q: A man has deposited $50 000 in a retirement income plan with a local bank. This bank pays 8.75 % per…
A: Considering the given data n=12 yearsAmount deposited=%50,000Interest=8.75 % Calculate the effective…
Q: Your friend made an investment of P 45,000.00 for 60 days at 15% simple interest. If withholding tax…
A: To determine the net interest due for given investment. Given, Investment sum (A) = P 45000.0 Rate…
Q: A man received a 5-year loan of P50,500 from the bank. The proceeds were P45,250. What was the…
A: Loan amount=50,500 Proceeds amount=45250 Number of years=5 Percentage discount for 5 years=Loan…
Q: A gasoline engine is available on installment basis with a down payment of 10,688 and 2,328 at the…
A: Interest is generally the cost of getting money, where the borrower pays a fee to the lender for the…
Step by step
Solved in 2 steps with 2 images
- Determine the equivalent amount pf money at the beginning of the second year if interest is 6% per year, compounded monthlyA businesswoman borrowed P200,000 with interest at the rate of 6.9% compounded semi-annually. He agrees to discharge his obligation by paying a series of 8 equal semi-annual payments, the first being due at the end of 6 years. Find the semi-annual payment.Mr. Santos borrowed P30,000.00 two years ago. The terms of the loan are 8% interest for 8 years with uniform payments. He just made his second annual payment. How much principal does he still owe?
- Engr. Graziella loans an amount of P150,000 at 8% effective annual interest. She agreed to pay the loan over 15 years with a uniform monthly payment due on the first day of each month. What will be the monthly payment of Engr. Graziella?2. Your friend made an investment of P 45,000.00 for 60 days at 15% simple interest. If withholding tax is 20%, what is the net interest that he will receive at the end of two months?A businessman borrowed P200,000 with interest at the rate of 4.5% compounded semi annually. He agrees to discharge his obligation by paying a series of 9 equal semi-annual payments, the first being due at the end of 4.3 years. Find the semi-annual payment. Express your answer in whole number.
- Mr. Smith plans to purchase a new $10 000 automobile. He wants to borrow all the money for the car, and repay it in equal monthly installments over a 4-year period. The nominal interest rate is 11% per year, compounded continuously. What will be Mr. Smith's monthly payment?7. If Elvira borrowed P 130,000 from Rona with an interest rate of 12% per year compounded quarterly. What is the effective rate?A man paid a 10% down payment of P200,000 for a house and lot and agreed to pay the balance of monthly installments for 5 years at an interest rate of 15% compounded monthly. What was the monthly installment in pesos?
- What is the accumulated amount of an annuity paying P30,000 at the end of each year for 7 years with interest at 15% compounded annually?Mr. Giu invested P 102,200.00 in savings account. After 2 years, he deposited an amount of P 8,500. After 4 years from where he started saving, he deposited another P 73, 550 in the same savings account and left it for 5 years at which time an amount of P105, 600 is withdrawn. If the bank offered him a money worth of 8% compounded every two months, what will be his withdrawal amount at the end of 12 years?Meyo is left with an inheritance from his father. He has an option to receive P2.5 M at the end of 10 years, however he wishes to receive the money at the end of each year for 6 years. If interest rate is 8% how much would he receive every year?