Thomas received php 50000 from his parents during his 33rd birthday. he invested the money in a scheme where he will receive 10 equal payments at the end of every year starting 30 years from now, with an interest rate of 3% compounded annually. how much is the regular payout thomas will receive annually from his investment.?

Q: Green Acres Sprinklers, Inc, will receive $185,000 in 3 years as part of a lawsuit settlement. Find…

A: Given query is to find the present value of the money.

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A:

Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

Q: You have $5,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: It is simple interest formula.

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A:

Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…

A:

Q: monthly

A: Please refer to the image below

Q: A man deposited P5,000 on the date his son celebrated his 1st birthday. If money is worth 10%…

A: Amount deposit (P) = 5000  Interest rate = 10%  Time = 20 years (compounded semi-annually)

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A:

Q: Find the interest amount of PKR 10 invested at rate of 12% for 12 years under simple interest…

A: First we will recall the simple interest formula and then use this formula to find the interest

Q: a) Nizam borrowed some amount of money from Barjaya Bank to purchase a new car. He has to repay…

A:

Q: What is the present value if after 6 years the money earns Php85, 200 at 8.25% rate?

A: Note that since we are only given the rate 8.25% and nothing more is specified, the rate is assumed…

Q: Find the difference between the simple interest and the compound interest on Php 50,000 for 5 years…

A: Consider the given Php as 50,000

Q: Mittola just won $383,000 in a state lottery. He invests it in an annuity earning 47% interest in…

A:

Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: A recent high school graduate received $600 in gifts of cash from friends and relatives. In…

A: Here given is The student has a total principal amount, P=$600+$250+$300+$1500=$2650 Interest rate…

Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

A: s per our guidelines we are supposed to answer?️ only one question. Kindly repost other question as…

Q: A man borrowed Php 120,000 and promised to pay The payment starts at "X pesos and the succeedin…

A: Introduction: The formula for compound interest is given by, A=P(1+rn)nt Where A is compounded…

Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: The buyer of a house paid PHP 1,000,000 in cash and committed to pay "x" pesos every six months for…

A:

Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7%…

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Q: Find the interest earned on an investment of Php 10,000 into a money market account that pays a…

A:

Q: A man wishes to his son to receive Php 200, 000 ten years from now. What amount should he invest if…

A: Given:  Interest during the first five years=10% compound annually, and Interest during the next 5…

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A:

Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

Q: Ahmed deposits \$1200 into an account that earns 3.8% interest compounded quarterlyFind the amount…

A:

Q: Find the amount due if $600 is borrowed for 9 months at 8% simple interest. Amount = $ %3D

A:

Q: Mr. Rashid borrowed Rs. 20000 from Habib Bank to be paid back after 3 years at 6% per annum…

A: Calculate Amount and interest paid

Q: Calculate the compounded amount if Miya deposited Php 30,000 in a bank which pays 8% compounded…

A:

Q: How much interest is earned in 6 years on Php 8000 deposited in an account paying 9% interest,…

A: To find  How much interest is earned in 6 years on Php 8000 deposited in an account paying 9%…

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A:

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A:

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Q: Mary bought a bike payable monthly for 9 months starting at the end of the month. How much is the…

A:

Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

A:

Q: elena wants to invest in a trust fund. she borrows from a credit cooperative that charges 8% simple…

A: Formula of Simple Interest: A=P1+rt where A= Final amount P= Initial Principal Balance r= Annual…

Q: A certain corporation purchased a machine for plastic lamination of posters for 720,000. At the end…

A:

Q: suppose that you borrow $12,000 for five years at 5% toward the purchase of a car. use PMT to find…

A: To find the monthly payments, consider the formula-

Q: two

A: This contains two question, only first question is answered. Please refer to the image below

Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

A:

Q: Joanna Mae inherited Php 25,000 on the day she became 19 years old. Under the specifications of the…

A: Joanna Mae got Php 25000 when she turned 19. We need to determine the money she will have on 21st…

Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: Ho saved RM25000 at 8% compounded monthly. Two years later, he withdrew RM15000 from his savings.…

A: Given information: Consider Initial amount P=25000 rate of interest r=8100=0.08 n=12 t=2 The formula…