Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Interest rate?
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- Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Interest rate?
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- Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Interest rate for one year?Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Discount rate?
- On his son's fifth birthday, a man decides to deposit a certain amount which will be equivalent to 28,000 with today's purchasing power of the peso on his son's eighteenth birthday when he starts his college education. If the bank pays 5 1/2% interest compounded annually but the rate of inflation is 8.7% compounded annually, how much should the man deposit now?Suat opens a deposit account in a bank by depositing 10,000 TL. In addition, he will deposit 6,000 TL into the account one year later and 4,000 TL the following year. The deposit account is valued at the annual fixed effective interest rate %. Calculate the interest rate, i, if the value of the money in Suat's account is 22,000 TL at the time that Suat deposits 4,000 TL.Saturnino won a lottery and will receive a check for P700,000 at the beginning of each quarter for the next 5 years. If Saturnino deposits each check into an account that pays 5%, how much will he have at the end of 5 years?
- A BUILDING CONTRACTOR GIVES A $14,000 PROMISSORY NOTE TO A PLUMBER WHO HAS LOANED HIM $14000. tNHE NITE IS DUE IN 9 MONTHS WITH INTEREST AT 9%. SIX MONTHS AFTER THE NOTE IS SIGNED, THE PLUMBER SELLS IT TO A BANK. IF THE BANK GETS A 10% RETUEN ON ITS INVESTMENT, HOW MUCH WILL THE PLUMBER RECIEVE??A man decides to deposit a certain amount of money on his son's 10th birthday, which will be equivalent to P280,000.00 with today's purchasibg power of the peso on his son's 25th birthday when he will start his marriage life. If the bank pays 5.5% compounded annually and the rate of inflation is 8.7% compounded annually, how much should be deposited by the man? Using this formula F=P(1+f)^n.Bob wants to deposit $5000 into a bank account at the beginning of the next month and $200 per month into that same account at the end of that month and each subsequent month for the next 5 years. If the bank pays interest at the rate of 3% per year compounded monthly, how much will Bod have in his account at the end of 5 years? Assume that he makes no withdrawals during the 5 year period.
- Jane deposits 10,000 USD and opens a deposit account at a bank. It will also deposit 6,000 USD one year later and 4,000 USD the following year. The deposit account is valued at the annual fixed effective interest rate of x%. Calculate the interest rate (x), if the value of the money in his account at the time Suat deposits 4,000 USD is 22,000 USD? ThanksA man borrows money from a bank but he only received 83% of the amount requested. He signs a promissory note that he would pay P73,330 at the end of 8 years. How much money is requested from the bank if the simple interest rate is 10.211%?Cesar Moreno is considering entering into an agreement with BDO bank to deposit P1,000 into a special account at the end of the first year. P1,100 at the end of the second year, etc. increasing by P100 each year. At the end of 15 years, he would be able to withdraw a lump sum of P36,000 at what rate would he earn interest, if the interest was compouded anually?