Sandy, a manufacturing engineer, just received a year-end bonus of Php 31, 000.00 that will be invested immediately.

Q: Jack is a very successful manager. He has a management contract which grants him a lump sum payment…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: Mr Ramu is a chief operating office of the company and being paid a salary of RM15,625 per month.…

A: Remuneration package is provided to the employees for their work in the organisation, it includes…

Q: An engineer will deposit 10% of her salary each year into a retirement fund. If her current annual…

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: A 25-year-old engineer is opening an individual retirement account (IRA) at a bank. Her goal is to…

A: Given information is: A 25-year-old engineer is opening an individual retirement account (IRA) at a…

Q: Aira is planning to deposit RM10,000 today in Investment account that pays interest of 8% per annum.…

A: Amount of money in the account at the end of year 10 is the future value of the amount at the end of…

Q: A recent UCF graduate just accepted a job offer that promises her the following bonuses at the end…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Daryl Yap invested the amount of Php100,000 in a bank that offers 15 % per annum simple interest.…

A:

Q: Lindsay is 25 years old and has a new job in Web development Lindsay wants to make sure she is…

A: The question is based on the concept of accumulation for retirement, such accumulation uses…

Q: A medical student who was offered by a Foundation Php100, 000 loan to finance his medical studies…

A: Here,

Q: A civil engineer planning for her retirement places 11% of her salary each year into a…

A: As per the information provided the engineer will draw an amount of $160,000 at the end of the first…

Q: Jameel Jaffery is working as a chemical analyst in an industrial company with a decent salary and…

A: Annuity means no. of payments which is equal in size and made at equal intervals. At maturity,…

Q: A professional photographer who specializes in wedding-related activities paid $45,500 for equipment…

A: Cost of equipment = $45,500 Salvage at the end of 5 years = $2000 Annual Savings = Let X 1 Day…

Q: esslyn has just given an insurance company RM1 million, a sum of money she just received from her…

A: The given problem can be solved using RATE function in excel. RATE function provides interest rate…

Q: Syariqul Haq is trying to save up for a big vacation. He plans to take a trip around Japan when he…

A: The correct answer for the above mentioned is given in the following steps for your reference.

Q: Jo wants to accumulate $40,000 to use for an around the world trip. She plans to accumulate the…

A: Account balance at the end of the sixth year = Annaul amount deposited x Future value factor (4%, 6…

Q: Engineer Patawaran purchased a lot and agreed to pay Php 33,000.00 a month for two years. If money…

A: Monthly Payment = 33,000 N = 24 months Annual Rate = 9%   Interest Rate = Annual Rate / 12  = 9%/ 12…

Q: Clara operates a specialized financial services business in Toronto. She's currently considering…

A: Payback Period = Years before full recovery + (unrecovered cost at the start of the year/ cashflow…

Q: Mr. Bienvenido Bautista needs a fund of Php1,000,000 to renovate his house. To provide for this, he…

A: Future value required (FV) = Php1,000,000 Interest rate = 12% Monthly interest rate (r) = 12%/12 =…

Q: Lindsay is 25 years old and has a new job in Web development. Lindsay wants to make sure she is…

A: The question is based on the concept of future value calculation for an annuity type of investment…

Q: Helen Grahan is planning an extended sabbatical for the next 3 years. She would like to invest a…

A: Discounting the value of future cashflows provides the present value.

Q: After graduation, Charmaine have been offered an engineering job with a large company that has…

A: Time value concept It tells that having money today is of more value than that of receiving the…

Q: Cardo invested a certain amount at 20% simple interest per year. After 8 years, the interest she…

A: solution concept under simple interest the interest is calculated on the principal amount only .…

Q: A young engineer wants to provide his newly born daughter a lump sum of P 2.0M when she graduates…

A: Future value required (FV) = P 2,000,000 Period = 21 Years Number of monthly payments (N) = 21*12 =…

Q: Maria wants to set aside funds to take an around the world cruise in four years. Maria expects that…

A: Annuity due alludes to a progression of equivalent installments made at a similar interval toward…

Q: A father decides to invest k300 each month at 12% per year compounded monthly to pay for his 12 year…

A: Data given: pmt= k 300 r=12% (compounded monthly) n=17-12 =5 years

Q: Let’s see after your graduation, you will be offered an engineering job with a large company that…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: Ms. Pan Aram has set the goal of accumulating Php 4,000,000 for her son's college fund, which will…

A: Here, Future value of deposited amount = Php 4,000,000 Number of years = 18 years Interest rate = 8%…

Q: While Kate was a student at SA University, she borrowed $16,000 in student loan at an annual…

A: The concept of the present value implies that the money today is  having more worth  than the money…

Q: Clara operates a specialized financial services business in Toronto. She's currently considering…

A: Total Cost = $110,000 +$16,000 = 126000

Q: On January 1, Alan King decided to transfer an amount from his checking account into aninvestment…

A: Present value: It refers to the current value of the sum of money or the series of cash flows that…

Q: Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years,…

A: Present value: It can be defined as the current or today’s value of the series of cash flows that…

Q: At 10% per year interest, how much does he have to invest each year (starting in year 1) to reach…

A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity due…

Q: > In preparation for her daughter's educational tour 18 months from now, Deborah invested $ 21,000…

A: Present Value, Future Value and/or Excel can be used for finding the values of the above said…

Q: Mary Graham worked as a real estate agent for Piedmont Properties for 15 years. Her annual income is…

A: Explicit cost is the cost actually incurred to own assets or spend on business operations. It is…

Q: After graduation, you plan to work for Asia Corporation for 12 years and then start your own…

A:

Q: Assel is scouting a DLSR camera to cover her parents' silver wedding anniversary. She found one at…

A: The regular payments to be made for the loan taken can be calculated using the PMT function in…

Q: Marites, a self-employed individual, is opening a retirement account at a bank. Her goal is to…

A: First deposit (F) = A1 Accumulated amount needed = Php 1000000 Number of deposits (n) = 20 Growth…

Q: A self employed individual, Jimmy Carpenter, is opening a retirement account at a bank. His goal is…

A:

Q: Jennifer establishes an investment account to pay for college expenses for her daughter. She plans…

A: Given: Effective interest rate = 11% Annuity is the regular payment to be made at a regular…

Q: my cousin hershey is a newly public school teacher who plans for education of her future children.…

A: Annuities assume that money is put into the account on a regular schedule and money is left in the…

Q: Mr. Reyes received an annual salary of Php 300,000. At the end of the year, what would be his 13th…

A: 13th Month Pay = Annual SalaryNo of months

Q: Ryan invested 56000 in Koy Rural Bank and Soy Rural Bank. Koy Rural Bank pays 8% interest per year,…

A: formula for interest : interest =principal ×rate×time100

Q: A family want to have a $241,000.00 higher education fund for their children at the end of 22 years.…

A: The calculation is:

Q: Mr. Waleed is 25 years old and he has just started his career in the field of Marketing. Waleed has…

A: Compound Interest formula: A=P(1+rn)nt Where, A = Maturity amount P = Initial deposit r = rate of…

Q: A young engineering student has just graduated in college. He is able to obtain his first job and…

A: Annual deposit = P 5000 Annual interest rate = 12% Future value = $ 2,000,000