Wesley is offered an investment savings plan which will require him to commit a ixed amount of deposit every month for a span of 5 years. If the amounts are in increments of P1,000 and the plan is offering to yield a return of 6% annu- ally, how much should he commit every month in order to reach P500,000 at the end of 5 years? Gabriel is able to save P10,000 every month from his salary. If he decides to invest in a special deposit account offering an interest rate of 5% annually, how much money would he have at the end of 3 years?
Wesley is offered an investment savings plan which will require him to commit a ixed amount of deposit every month for a span of 5 years. If the amounts are in increments of P1,000 and the plan is offering to yield a return of 6% annu- ally, how much should he commit every month in order to reach P500,000 at the end of 5 years? Gabriel is able to save P10,000 every month from his salary. If he decides to invest in a special deposit account offering an interest rate of 5% annually, how much money would he have at the end of 3 years?
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....
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answer letter c number 1 and 2 with solution thank you
Transcribed Image Text:0,000; I = 129%6; n = 6 years; Quarterly P 1, 7 21, 323.51
%3D
4.
PMT = P10,000; 7- co6: 1 = 3 years; Semi-Annually P 64, 68410
%3D
5.
PMT = P1,000,000; I = 796%; 71 =
5 years; Annually F5,750,739.01
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6.
PMT = P10; I = 5%. . - 1 year; Daily P 3, 745.01
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Rate (1), Number of Years () and Frequency of Payments.
1.
PMT = P500; I = 6%: n = 10 years; Semi-Annually P 7,438. t9
%3D
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2.
PMT = P1,000; I = 49%: n = 5 years; Monthly P 54, 299.0t
3.
PMT = P10,000; I = 10%; n = 3 years; Annually 24, 868.52
%3D
4.
PMT = P50,000; I = 8%; n = 2 years; Quarterly 366, 274.07
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5.
PMT = P25,000; I = 7%; n = 6 years; Monthly P1,466,361.11
6.
PMT = P100,000; I = 12%;
n = 10 years; Annually 565,022.30
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C.) Problem Solving
ote bor
1. Wesley is offered an investment savings plan which will require him to commit
a fixed amount of deposit every month for a span of 5 years. If the amounts are
in increments of P1,000 and the plan is offering to yield a return of 6% annu-
ally, how much should he commit every month in order to reach P500,000 at
the end of 5 years?
2. Gabriel is able to save P10,000 every month from his salary. If he decides to
invest in a special deposit account offering an interest rate of 5% annually, how
much money would he have at the end of 3 years?
Christian is planning to purchase a new vehicle via an auto loan with a bank
that will require him to pay P20,000 per month for 36 months starting next
month. If he plans to set aside a lump sum today and invest in a time deposit
that earns 4% per annum, how much should he set aside in order to fund all
3.
36 payments?
Business Math 87
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