What lump sump of money must be deposited in a bank account at present time so that Php 500 monthly can be withdrawn for five with the first withdrawal scheduled six years from today? Interest is 9% compounded quarterly.

Q: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

A: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

Q: Find the amount and the compound interest on Php 80,000 for 3 years at 10% per annum, compounded…

A: Given, Prinicpal amount = Php 80,000   Time = 3 years Rate of interest = 10% per annum.

Q: 2. Aldridge deposited Php 175 000.00 at an interest rate of 5% compounded monthly. Assuming that…

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Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: What sum of money must be deposited at the end of every three months into an account paying 3.7%…

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Q: What amount of money will be required to pay back a loan of Php 78,400.00 at 12% compounded…

A: The amount is given by the formula A=P1+rnnt where n is the number of times interest is compounded,…

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Given, P  Periodic payments=$120 r rate of interest=6% n  number of years=18

Q: A cellphone is a sale for at Php 16,000.00 in cash or on monthly installment of Php 2,950 for 6…

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Q: The government has set up a fund for physically handicapped persons who are unable to work. A…

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Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: what principal should be deposited at 8.375% compounded monthly to ensure that the account will be…

A: using the formula A=P1+rnnt   given A=$20,000r=8.375% =0.08375n=12 compounded monthlyt=10 years and…

Q: Every six months, Mahmood deposits $800 into an account paying 6% compounded semiannually. Find the…

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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: What sum of money is required to pay a loan of P20,000 on May 20, 2018, if the loan was made on…

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Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Given The payment at the beginning of each month=$130 Interest rate (annually) =6% Time period=18…

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: given that deduction is $120 at the beginning of each month P= 120  Rate of interest is 6%…

Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

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: Determine the required fifteen equal annual deposits that can provide 8  withdrawals, The first…

A: consider the equation

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: 1. What are the compound amount and interest if Php 6,000 is invested at 2% compounded monthly for 2…

A: Given that, Php 6,000 is invested at 2% compounded monthly for 2 years.

Q: Calculate the simple interest earned in 1 year on a deposit of $1900 if the interest rate is 8%.

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: What amount must be deposited by a 20-year old student in a bank that pays 5% compounded annually so…

A: As A = P(1+r)t where A = final amount  P = Principal Amount  r = interest rate t = time

Q: What is the principal amount invested if the future value is 3,300 php invested at 10% interest…

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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: 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…

Q: Find the present value of amount. $10,000 if interest is 8% compounded semiannually for 6 year

A: Consider the given information as P=$10000, r=8% For semi annually n=12

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $3,000 at…

A: Given

Q: You would like to save Php 10,000 for for your debut birthday party. How much should you deposit in…

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Q: How much must be paid on the due date of October 20, 2020, on a loan of P80,000 made on December 5,…

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Q: 1. What is the accumulated value of Php 25 payment be made at the beginning of each of the next…

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Q: What cash payment is equivalent to making payments of ​$1536.00 at the end of every six months for 8…

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Q: 1. A bank pays an annual interest rate of 3% compounded quarterty. If the initial deposit (or…

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Q: Bianca wants to have Php 60,000 in the future. If she decides to deposi 1000 at the end of every…

A: This is the problem of series and financial math.

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $2,000 at…

A: Solution of given question is written in below steps.

Q: ​(a) When the individual reaches age​ 60, what is the value of the​ account? ​(b) If no further…

A: n = 9 investment = 1100 interest = 9.1% compounded quarterly   ​(a) When the individual reaches age​…

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

A: As per Bartleby's answering policy, we can answer only one question with a maximum of three subparts…

Q: A man will deposit 25,000 each year for the next 5 years in an ordinary annuity account that pays 8%…

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Q: What exact simple interest rate is in effect when a principal of $11,288 accumulates to $13,244 in…

A: We have to find exact simple interest rate.

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

A: here annual interest is 5%,. r=5% price of island was $24. time =2005-1626+1=380 year.  compound…

Q: Suppose your father invests Php 25,000 at the end of each year for 10 years in an account that pays…

A: follow next step

Q: Calculate the amount and compound interest on a sum of of rupees 10000 at 12% per annum compounded…

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Q: A customer has to pay an amount (principal + interest) of PhP 33,384 as a payment of a personal loan…

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Q: How much should be deposited into a bank account paying interest at the rate of 4% per year…

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Q: Determine the interest rate for php 500,000 investment compounded semi-annually if the value of the…

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