Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
rate of 8% compounded quarterly. 4. Starting on her 30th birthday, a woman will invest an amount every year on her birthday in atl account that grows at an annual rate of 7%. What should be the amount invested should she want her fund to P300,000.00 just before her 65th birthday? 3 TL

rate of 8% compounded quarterly. 4. Starting on her 30th birthday, a woman will invest an amount every year on her birthday in atl account that grows at an annual rate of 7%. What should be the amount invested should she want her fund to P300,000.00 just before her 65th birthday? 3 TL

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
See similar textbooks
icon
Related questions
Question

Letter B Subparts 2-4 

deposit in a savings account every month for 5.5 years if interest is at 0.25% compounded the end of the month. How much is the cost of the TV set if her monthly payment is P3,000 5. Mrs. Remoto would like to buy a television (TV) set payable monthly for 6 months starting at 6. The buyer of a lot pays P10,000 every month for 10 years. If money is 8% compounded and interest is 9% compounded semi-annually? annually, how much is the cash value of the lot? PERFORMANCE TASK N0. 2 A. Show the illustration of the cash flow (Refer to Lesson 3). 1. Monthly payments of P 2,000 for 5 years with interest rate of 12% compounded annually. 2. Yearly payment of P15,000 for 10 years with interest rate of 8% compounded annually. B. Solve the following problems. 1. Find the Present Value (P) and the Future Value (F) of quarterly payments of P 2,000.00 for 5 years with interest rate of 8% compounded quarterly. 4. Starting on her 30th birthday, a woman will invest an amount every year on her birthday in atl account that grows at an annual rate of 7%. What should be the amount invested should she want her fund to P300,000.00 just before her 65th birthday? s ayer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money o 0% compounded monthly, how much is the cash price of the lot? dengeiehool student would like to save P50.000 for his graduation. How much should he monthlya a savings account every month for 5.5 vears if interest is at 0.25% compounded
Transcribed Image Text:deposit in a savings account every month for 5.5 years if interest is at 0.25% compounded the end of the month. How much is the cost of the TV set if her monthly payment is P3,000 5. Mrs. Remoto would like to buy a television (TV) set payable monthly for 6 months starting at 6. The buyer of a lot pays P10,000 every month for 10 years. If money is 8% compounded and interest is 9% compounded semi-annually? annually, how much is the cash value of the lot? PERFORMANCE TASK N0. 2 A. Show the illustration of the cash flow (Refer to Lesson 3). 1. Monthly payments of P 2,000 for 5 years with interest rate of 12% compounded annually. 2. Yearly payment of P15,000 for 10 years with interest rate of 8% compounded annually. B. Solve the following problems. 1. Find the Present Value (P) and the Future Value (F) of quarterly payments of P 2,000.00 for 5 years with interest rate of 8% compounded quarterly. 4. Starting on her 30th birthday, a woman will invest an amount every year on her birthday in atl account that grows at an annual rate of 7%. What should be the amount invested should she want her fund to P300,000.00 just before her 65th birthday? s ayer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money o 0% compounded monthly, how much is the cash price of the lot? dengeiehool student would like to save P50.000 for his graduation. How much should he monthlya a savings account every month for 5.5 vears if interest is at 0.25% compounded
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer