Mr Robles plans to deposit P500 at the end of each month for 10yrs at 12% annual interest, compounded monthly. The amount that will be available in two years is:
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A: GIVEN Mr. Barela's monthly amortization is P3,500.00, payable at the end of each month. His…
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A: Future value is the expected value of current regular deposit at a future date, at a given rate of…
Q: What is the present worth of P500 deposited at the end of every month for 6 years if the interest…
A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: Mr. Santos will deposit P10, 000 at the ABC bank at the end of each quarter for 2 years. If the bank…
A: Future value of an annuity can be computed by compounding each amount by using an appropriate…
Q: A. Mr. Barela's monthly amortization is P3,500.00, payable at the end of each month. His house and…
A: Bonds: These are the debt instruments issued by the company to raise its funds.
Q: Find the present value of an annuity of $5000 paid at the end of each 6-month period for 6 years if…
A: Annuity is a number of payments, which are equal in magnitude and made at equal interval of time.…
Q: Neal plans to buy a car worth $42,000 today. He is required to pay 15 percent as a down payment and…
A: Using Excel PMT function
Q: Aidan deposits $1000 at the end of each quarter in an account that pays 5.25% per year, compounded…
A: Solution: An equal amount invested every period is called annuity. So, future value of annuity = PMT…
Q: Find a sentence of a semi-annual payment with a periodic value of 300.00 riyals, and it is paid for…
A: Simple Interest is calculated directly on the principal for the respective period of time. Simple…
Q: What is the future werth of a series of equal monthly payments of $2,000 if the series extends over…
A: Future value is the value of an asset after a specific time period.
Q: Harry Morgan plans to make 30 quarterly deposits of P200 into a savings account. The first deposit…
A: Solved using Financial Calculator N= 30 (7.5 * 4 = 30) I/Y = 8/4 = 2 PMT = 200 CPT FV = 8113.62
Q: Suppose you have $2,100 and plan to purchase a 10-year certificate of deposit (CD) that pays 13.1%…
A: Value when the CD matures = 2100 x (1 + 0.131)^10 = $7191.93
Q: Find the present value of $10,000 if interest is paid at a rate of 9% per year, compounded anually…
A: The provided information are: Future value (FV) = $10,000 Rate of interest (r) = 9% = 0.09 Time…
Q: A man agrees to make equal payments at the beginning of each 3 months for 10 years to discharge a…
A: Quarterly rate of return (r) = 0.02 (i.e. 0.08 / 2) Principal debt (P0) = P8,000.00 Quarterly period…
Q: Mr. Barela's monthly amortization is P3,500 payable at the end of each month. His house and lot will…
A: Maturity value is defined as an amount payable to the investor at the end of the holding period of…
Q: Buhle wants to save R330 284,00 within the next four years. She makes equal monthly deposits at the…
A: given, future value = R330 284,00 r=12.5% m=12 (monthly compounding) n = 4 years
Q: Twenty annual payments of $5000 each, wi the first payment one year from now, are to be made from an…
A: The given problem can be solved using PV function in excel. PV function computes present worth/…
Q: Mr Ramos wants to accumulate Php100,000 in 5 years. He wants to deposit a regular amount at the end…
A: Given, The amount to be accumulated is Php 100,000 Number of years is 5 years Rate is 12%
Q: you deposit $1,000 each year into an account earning 3% interest compounded annually. How much will…
A: Time value Value received today by an individual is of more worth than receiving the exact value in…
Q: Jones can deposit $5,000 at the end of each six-month period for the next 12 years and earn interest…
A: Future value of annuity is the future value of the same cash flows that takes place at the end of…
Q: Mariana places the initial amount of $1,000,000 in a CDT at a monthly compound interest of 5% for 3…
A: Future value (FV) is the amount that a present investment will increase in value over time when kept…
Q: You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments…
A: Future value: It can be defined as the value of an investment or any asset at a specified future…
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A: Interest: It can be defined as the amount that is charged by the lender on the loan given to the…
Q: You deposit $201 at the end of each quarter into an account that pays a nominal annual rate of 16%…
A: The account value at end of 15 years can be calculated with the help of future value of annuity…
Q: You own Php35,000 from the bank for 3 years at 8.50% annual interest, and you will make equal…
A: Loan amount (P) = Php35,000 Monthly loan term (t) = 36 (i.e. 3 years * 12) Monthly interest rate (r)…
Q: You deposit $5000 at the beginning of each year into an account earning 3% interest compounded…
A: Introduction: Annuity Due: It refers to the series or stream of equal payments made at the beginning…
Q: You own $35000 from the bank for 3 years at 8.50% annual interest, and you will make equal monthly…
A: Solved using Financial Calculator PV = 35,000 N = 3years * 12 = 36 I/Y = 8.5/12 = 0.708333 CPT PMT…
Q: You obtain a loan of 1.5M at the rate of 18% compounded annually in order to build a house. The…
A: Here, Loan Amount is 1,500,000 Interest Rate is 18% compounded Annually. Time Period is 1 year…
Q: Mr Lim must pay RM 250 every month for 24 months to settle a loan at 10% compounded monthly. Find…
A: Monthly payment (P) = RM 250 Number of monthly payments (n) = 24 Interest rate = 10% Monthly…
Q: 1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each…
A: The periodic payment is calculated by dividing the loan amount from the present value factor. It…
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A: Given, Deposit amount (C) = $350 each month Timer period (n) = 35 years*12 = 420 interest rate (i) =…
Q: Solve the problem below on Amortization. (Round amounts to the nearest centavo) Mr. M. Roque obtains…
A: Loan amount (PV) = P 60,000 Interest rate = 8% Quarterly interest rate (r) = 8%/4 = 2% Period = 3…
Q: Suppose you make 1000 pbr monthly deposits to a retirement plan that pays interest at a rate of 30%…
A: Using Excel FV function
Q: If you borrow $5000 for five years and seven months at 9% compounded quarterly. How much is owed on…
A: Formula = Principal * [ 1 + Interest rate / 4 ]Number of quarters
Q: You plan to take a personal loan of Rs.50,000 at a rate of 12% per annum to buy a computer. The loan…
A: Given: Loan amount = 50,000 Interest rate =12% Years = 5years 3360.7853798
Q: An investor pays $200 per month into a real estate investment that promises to pay an annual rate of…
A: COMPOUNDED MONTHLY C D RATE (8%/12) 0.66667% NPER (n) 5*12 PMT 200 PRESENT VALUE 0
Q: Tedros borrowed $2 million and planned to repay the loan by making equal month-end payments over a…
A:
Q: Your bank pays 12% interest, compounded quarterly. How much should you deposit now to yield an…
A: Present value is the amount that should be deposited to the given yield at each of the three months.
Q: If the interest rate is 9% compounded monthly, find the present value of 24 month payments of…
A: Interest rate is 9% Compounded monthly Amount of monthly payment is P1000.00 Time period 24 months…
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A: The amortization table helps to identify the periodic payments, the interest and principal amounts,…
Q: ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at…
A: Periodic Payment = P 3,000 per month Interest Rate = 2% compounded Quarterly Time period = 5 Years
Q: Krei is required to pay P57,000 in 15days ir P60,000 in 60days. Find the annual rate of the interest
A: Interest is the return expected for the amount lent. Annual interest rate is the interest rate used…
Q: Tim needs to borrow money today. He agrees to pay back the loan via 30 equal monthly installments of…
A: Present Value of annuity refers to the value of cash flows today of a series of equal cash flows or…
Q: You expect to receive P1,000 at the END of each of the next 3 years. You will deposit these payments…
A: Following is the computation of Future value at the end of the third year
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- Electro Corporation bought a new machine and agreed to pay for it in equal annual installments of 5,000 at the end of each of the next 5 years. Assume a prevailing interest rate of 15%. The present value of an ordinary annuity of 1 at 15% for 5 periods is 3.35. The future amount of an ordinary annuity of 1 at 15% for 5 periods is 6.74. The present value of 1 at 15% for 5 periods is 0.5. How much should Electro record as the cost of the machine? a. 12,500 b. 16,750 c. 25,000 d. 33,700A car was bought on an installment basis with a monthly installment of P30,000 for 60 months. If the rate is 12% compounded annually, calculate the cash price of the car.A car may be purchased by installment plan with a down payment of P100 000, P300 000 at the end of 2 years and P600 000 at the end of 5 years. Interest rate is 18 % compounded yearly. Compute the cash price of the car.
- A man bought car for P1,050,000.00 on installment basis at the rate of 12% per annum on the unpaid balance. If he paid a downpayment of P300,000.00 in cash and propose to pay the balance in 20 monthly payments, what should these monthly payment be?A Honda car can be purchased by paying a down payment of P150,000 and the balance to be paid withtwo installments, the first installment to be after two years and the other which is twice than the firstinstallment would be after another 3 years. If the car could be acquired with 10% down payment and thebalance to be paid with 12 monthly installments of P40,000, determine the amount of the first and secondinstallments of the 1st option if interest rate is 15% compounded semiannuallyA man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly installments for "x" years at an interest rate of 15% compounded monthly. If the monthly installment was P 47,579.8602, find the value of x?
- Suppose that a purchase is made with a credit of $27,000 that is settled with 9 monthly installments with charges of 12% simple annual on unpaid balances. Find the size of each payment assuming they are equal, and the interestIn the purchase of a rice cooker, a buyer pays P 200 cash, and he will discharge the balance, principal plus interest included at 18% compounded monthly, by paying at P 75 at the end of each month for one year. Find the cash value of the rice cooker.A Honda car can be purchased by paying a down payment of P150,000 and the balance to be paid withtwo installments, the first installment to be after two years and the other which is twice than the firstinstallment would be after another 3 years. If the car could be acquired with 10% down payment and the3,000 balance to be paid with 12 monthly installments of P40,000, determine the amount of the first and secondinstallments of the 1st option if interest rate is 15% compounded semiannually.
- A car dealer advertises the sale of a car model for a cash price of P280,000.00. If purchased on installment, the required down payment is 15%, and the balance payable in 18 equal monthly installments at an interest rate of 1.5% per month. How much will be the required monthly payments?In buying a car worth P 1,500,000 cash, the purchaser pays P 500,000 cash and agrees to pay the balance including interest at 6.3 % compounded semi - annually, by a sequence of 8 equal semiannual payments of P 178,118.98, the first due at the end of x years. Find x. a. 4 b. 7 c. 3 d. 8An engineer borrowed a sum of money under the following terms: P650 000.00 paid in 90 days, or P600 000.00 paid in 30 days. What is the equivalent annual rate of simple interest?