Solve for the present worth of a perpetual payment of PS0,000.00 every 5 years? Interest rate is 6N
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Q: A P20 000.00 bond is sold now for P18 500.00. Determine the redemption price at the end of seven…
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A: Given data: P=Php. 200000 T=8 yrs R=18% .
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A: Amount = A Principal amount = P Rate,r = 0.1
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Q: 5a. $10,000 is borrowed at 6% per year compounded monthly. What is the effective annual interest…
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A: rate of interest = r = 0.10 Compounding quarterly = 4 times per year
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- A man paid a 10% down payment of P200,000 for a house and lot and agreed to pay the balance of monthly installments for 5 years at an interest rate of 15% compounded monthly. What was the monthly installment in pesos?7. If Elvira borrowed P 130,000 from Rona with an interest rate of 12% per year compounded quarterly. What is the effective rate?1. Mr. Nara borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal payments. How much of the original principal is still unpaid after he has made the 8th payment? 2. The present value of an annuity of “P” pesos payable annually for 8 years, with the first payment at the end of 10 years, is P187,481.25. Find the value of “P” if money is worth 5% 3. Find the present value of an annuity of P30,000 payable annually for 10 years with the first payment at the end of the 10th year, if the money is worth 8% compounded annually.
- A man bought a lot worth P2.5M if paid in cash. On the installment basis, he paid a down payment of P200,000; P300,000 at the end of one year; P400,000 at the end of three years, and a final payment at the end of five years. What was the final payment if interest was 15.6%?Miw deposited P15, 000 each year for 10 years, how much annuity can Miw get annually from the bank every year for ten years starting one year after his last deposit. Rate of interest is 8%.6. What is the present value of a stream of monthly payments of $500 each over 10 years, if the interest rate is 1O% per annum, compounded monthly?
- Mr. Smith plans to purchase a new $10 000 automobile. He wants to borrow all the money for the car, and repay it in equal monthly installments over a 4-year period. The nominal interest rate is 11% per year, compounded continuously. What will be Mr. Smith's monthly payment?Determine the equivalent amount pf money at the beginning of the second year if interest is 6% per year, compounded monthlyA house and lot costing P2 Million was bought at a downpayment of P500,000.He paid P1 million after 1 year and the remaining balance after 3 years.How much was the payment after 3 years if the interest rate is 24% compounded semi-annualy
- A businessman borrowed P200,000 with interest at the rate of 4.5% compounded semi annually. He agrees to discharge his obligation by paying a series of 9 equal semi-annual payments, the first being due at the end of 4.3 years. Find the semi-annual payment. Express your answer in whole number.2. Your friend made an investment of P 45,000.00 for 60 days at 15% simple interest. If withholding tax is 20%, what is the net interest that he will receive at the end of two months?Meyo is left with an inheritance from his father. He has an option to receive P2.5 M at the end of 10 years, however he wishes to receive the money at the end of each year for 6 years. If interest rate is 8% how much would he receive every year?