A fund for replacement of a machinery in a plant must have P 30,000 at the end of 9 years. An equal deposit of P2965 was made on the fund at the end of each 6 months for 4 years only. How much is the rate of the fund invested if it is compounded semi  annually.

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Q: How much money can be withdrawn at the end of 15 years if: a. $2,000 is deposited at the end of each…

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Q: On January 15, 2012, Dolan Corp. adopted a plan to accumulate funds for environmental improvements…

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Q: 7. A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

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A: Working note:

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Q: estimated cost of $5,000,000

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A: a) Computation:

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Q: 1. Bomac Steel sets aside $5000 at the beginning of every six months in a fund to replace equipment.…

A: Compuattion:

Q: 2. If P500.00 is deposited in an account at the beginning of each year for 6 years at an annual…

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Q: $4,250 was deposited at the end of every six months for 5 years into a fund earning 2.2% compounded…

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Q: i. 100 is deposited into an account at the beginning of every 4-year period for 40 years.The account…

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Q: The sum of P4200 will be withdrawn from a fund at 3-month intervals, the first withdrawal to be made…

A: Solved using Financial Calculator  PV = -48,000 FV = 6000 PMT = 4200 I/Y = 7 CPT N = 22.2304…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.