On 1 January 2020, Aiman invested an amount of RMI 200 in a bank that pays a dividend of 10% per annum if he did not withdraw after a full year. Aiman decided not to make any withdrawals from the bank until his savings exceed RM4 500.
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- Mr. Ramos opened a time deposit of Php200,000 that earns 2.5% per annum. Suppose he agreed to leave his money in the bank for 181 days. Considering the 20% withholding tax charged to peso time deposits, how much will he receive at the end of the agreed term if he chooses not to reinvest his money? Choices: a. 202479.45 b. 201983.56 c. 204000.56 d. none of the choices is correct5. James deposited RM150 at the beginning of each month for two years into his savings account. For the next four years, he did not make any more deposits, leaving the money in the account. The bank charges 4% interest compounded monthly. What will the balance be after 6 years?13. In 2022, Mr. Sun Ho was charged interest expense on a business related loan in the amount of PHP 60,000. His interest income on bank account with BPI is PHP 720. How much is the deductible interest expense? a. None b. PHP 59,856 c. PHP 144 d. PHP 60,000
- Mr. Angel deposited 125,000 in Coconut Bank. After 2 years, he withdrew 13,600. After another 2 years, he again withdrew 9,500. If he wishes to withdraw all his savings after 5 years from the time of his deposit, what amount will he receive if the interest rate is 9% compounded quarterly?3. Mr. Ahmad lent RM2000 to an employee on February 18, 2020, with interest at 7.5%. The debt was repaid on December 24, 2020. How much money will Mr. Ahmad receive on the maturity date?18. An engineer has a current balance of P110 000.00 in his savings account. The bank will be giving 6% interest compounded semi-annually for the next two years and 8% interest compounded semi-annually thereafter. A large corporation is offering P10 000.00, 8% bonds that pay interest every six months for P11 000.00. If the maturity is five years, and bond earnings are deposited in the bank, should he withdraw and purchase the bonds, or should he leave his savings in the bank? Use future worth analysis. (Ans. Money should be left in the bank; P156 654.05; P147 706.39)
- 1. Buchoy deposits Php10 000 in a bank that pays 4% compound interest annually. How much money will he have after 12 years without withdrawal?4. A director plans to withdraw RM 500 at the end of every 3 months for 6 years beginning three months from now. If the interest offered by the bank is 4% compounded quarterly, find the amount that he should deposit now and the total interest he will be earning. No use excel (RM25575.20, RM10424.80)Elwin Tulpo invests Php1,000 in a Bank at 10% a year for five years, but when the interest is credited at the end of each year, he leaves it in his account. What amount does he have at the end of five years?
- How much money was withdrawn from Mr. Cruz’s account on the 5th year, after investing P25, 000 on a bank that offers 12% interest, if he has P50, 000 after 30 years?Question # 1 Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest compounded semi-annually to withdraw Rs. 2,500 at the end of each six months from the date of deposit. How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted? Question-2 Find the present value of KTC share which is expected to earn Rs. 10.50 every six months, if money is worth 8% compounded annually. Question-3 Cyclone Software Co. is trying to establish its optimal capital structure. Its current capital structure consists of 25% debt and 75% equity; however, the CEO believes that the firm should use more debt. The risk-free rate, Rf, is 5%; the market risk premium, RPM, is 6%; and the…Mr. X will retire at the age of 60 years. He wishes to have an amount of S200,000 in his account at the time of retirement. Currently he is of the age of 40 years and has an amoun of S25,000 in hand. How much interest rate a bank should offer so he has the desired amount at retirement. A. 11.00%. B10.50% C. 10.96% D. 12.00%