You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you paid is ₱ 70,459 at a rate of 3% per year. The first payment is done after 4 years. How much are you paying every payment?

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: A deferred annuity is an agreement with an insurance broker to pay the owner a monthly income or a…

Q: You decide to make annual deposits of $300.00 for 12 years into an account which pays 5% compounded…

A: Annual deposits = $300 Time duration = 12 years Interest Rate = 5%  The future value of the annuity…

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: Annuities are financial contracts that provide a stable cash flow, typically to retirees. The…

Q: Engr. Odon is paying a loan five thousand pesos 5% monthly for 3 years. If the payment is to start…

A: future value formula: future value =present value ×1+rn where r=rate of interest n=number of years…

Q: A man borrowed Php 120,000 and promised to pay annually for 5 years The payment starts at “X pesos…

A: Borrowed amount (PV) = Php 120,000 Period (n) = 5 Years Interest rate (r) = 8% Growth rate (g) =…

Q: A house and lot is to be purchased by paying 35,000 pesos monthly for 25 years. The first payment is…

A: The question is related to Cash price of the house and lot if interest rate is 12% converted…

Q: You bought a house on loan worth Php 5,000,000, payable in 20 years starting the following year. For…

A: Loan Amount = Php 5,000,000 Total Time Period = 20 Years Interest rate = 10% compounded yearly

Q: If I plan to avail of a loan today and I will pay it P8,388 every start of the month for 6 years…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: You decide to make regular deposits every 2 weeks into an account that earns 5% annual interest,…

A: The future value of the deposits is $29,000. The annual interest rate is 5%. The maturity period is…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid one thousand pesos per month…

A: The regular or lump-sum amount that is received or paid after a specific time period rather than…

Q: You deposit $24,000.00 in an account that pays 6% compounded quarterly and immediately start making…

A: In this problem you have to find out present value FACTOR and find out quarterly deposits.

Q: If you deposit $8700 today in an account that pays 8.5% per year, compounded quarterly, how much…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid one thousand pesos per month…

A: Our first task is to determine the present value of 1,000 pesos per month for 5 years @ 8%…

Q: Engr. Odon is paying a loan five thousand pesos 4% quarterly for 3 years. If the payment is to start…

A: present value of annuity: pva=A×1-11+rmm×nrm where, A=annuity r=rate of interest m=frequency of…

Q: • You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment…

A: Future value = Annuity * FVAF ( rate, years ) * FVIF ( rate, years )

Q: a) i) Ali is paying off a loan by making $50 payments at the end of every month for 2 years, at 6%,…

A: Loan is a borrowed amount taken for the purpose of completing the shortage of funds. When an…

Q: you paid is P 78,758 at a rate of 5% per year. The first payment is done after 4 years. How much are…

A: Let us assume the monthly payment = A Accumulated amount = P 77,061 Interest rate = 4% per year

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: The loan and the mortgage are required to repay the amount with monthly installments. These monthly…

Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end 8f…

A: Compound interest is the nothing but an interest on a deposit computed on principal amount and the…

Q: If money is worth 6% annually, what annual payment is required to raise P 17,909 after 5 years if…

A: The Future Value of an annuity due is the total future value of each cash flows which is made at the…

Q: What are the benefits derived from a riodic payment of 700,000 dinars paid at end of every 6 months…

A: Given information: Semi-annual payments : 700,000 dinars Rate = 4% annually and 2% semi-annually…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 3,043 per month for five…

A: Given Data: Monthly Payment = ₱ 3,043 Interest rate = 3% compounded Monthly

Q: If you pay 50 pesos at the end of each month for 40 years on an account that pays interest at 10%…

A: The interest rate period : When the interest rate is compounded more than once a year, the interest…

Q: Truman is saving up for a $7,000 trip to Fiji. If his bank account earns 5.8% compounded monthly and…

A: Final amount required = $7000 Interest rate = 5.8% per annum  Semiannual deposit (A) = $450 Let n =…

Q: You plan to make a trip that costs you approximately ¢ 4,000,000.00, for this you deposit today in…

A: Future Value = ¢ 4,000,000.00 1st Installment = ¢ 1,000,000.00 2nd Installment = ¢ 1,000,000.00 3rd…

Q: You just received your tax refund of $10,000.00 and you invest it in an annuity that pays 6.6%,…

A: Here, tax refund of 10,000 was invested in the annuity due at 6.6% for 1 year. Here, compounding…

Q: You must make a payment of $1,668.06 in 10 years. To get the money for this payment, you will make…

A: There will be 5 deposits on: 1. Beginning of Q1 2. Beginning of Q2 3. Beginning of Q3 4. Beginning…

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: How much would you have to pay into an account at the beginning of every six months to accumulate…

A: The Future Value of Annuity Due refers to the concept which determines the sum total of all the cash…

Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end of…

A: Quarterly deposit (Q) = $100 Number of deposits (n) = 8 years = 32 quarters r = 8% per annum = 2%…

Q: What effective annual rate (EAR) are they charging us on the loan?

A: Effective Annual Rate: It refers to the true annual rate on a loan/credit or on investment since it…

Q: n the coming three years, you will need Php 200,000. What amount will you deposit in a bank at…

A: solution Given for first question Future value needed 200000 Present value ?…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: Future value of annuity due = P * [ (1+r)^n  - 1 ] /r  * (1+r) Where, r = rate per period i.e.…

Q: Three years from now, a couple plans to spend 4 months traveling in China, Japan, and Southeast…

A: A future value (FV) of an annuity due represents periodic cash flows starting at the beginning of…

Q: How much would you need to deposit in an account now in order to have Php2000 in the account in 15…

A: The sum of future investment returns discounted at a particular level of rate of return anticipation…

Q: Fernando Jose would like to buy a cellphone payable for 6 months starting at the end of the month.…

A: Monthly payment (X) = P 3000 Interest rate = 9% semiannually compounded Let r = Monthly rate n = 6…

Q: Suppose that you buy a car costing $14,000. You agree to make payments at the end of each monthly…

A: The payments made to purchase this car is a form of an annuity. Thus, the value of each payment can…

Q: $400 is deposited at the end of each month for eight years. For the first five years, the rate is 3%…

A: Deposit : 400 End of each month Total Time Period = 8 years * 12 = 96 months Interest Rate for first…

Q: You deposit $35,000.00 in an account that pays 6% compounded quarterly and immediately start making…

A: Amount Deposited = $ 35,000 Rate of Interest = 6% compounded quarterly

Q: Please show the formula used. You have 100 pesos a month you can deposit into an account earning…

A: The number of the months required can be calculated with the help of NPER function of Excel.

Q: You are paid £4,000 annually for 6 years, with the first payment due in one year and the last…

A: Annual payment (P) = £4,000  Number of annual payments (n) = 6 Interest rate (r) = 2%

Q: Assume that you keep RM5,555 in the savings account at Affin Bank with an interest of 15 percent per…

A: Saved amount = RM 5,555 Annual interest rate = 15% Period = 5 Years

Q: With an annual effective interest rate of 6%, 500 USD is deposited into an account at the end of…

A: we will be using time value of money concepts and formula for this calcualtion Time value of money…

Q: You want to borrow $30,000. For the loan to you must repay $1100 every quarter (4 times per year)…

A: Loan is an agreement between lender and borrower where lender agrees to provide funds to lender for…

Q: If you put $2,500 in a savings account at the end of each year for 10 years and then allow the…

A: End of year deposits Time Period for deposits = 10 years Annual Amount = 2500 Interest Rate = 12%…

Q: 1.) Mr. Roanito wants to put money in an account that pays 5% interest each year, compounded…

A: Hi! Thank you for the question, As per the Honor Code, we are allowed to answer one question in case…

Q: You deposit $63000 into an account that pays 5% compounded monthly. You leave the money in the…

A: Future value (FV): It is the worth of any current asset at any future time with respect to an…

Q: Starting in 3 years, you want to be able to withdraw P7,308 every three months for 8 years. You want…

A: Quarterly amount to withdraw (Q) = P 7308 n = 8 years = 32 quarters Interest rate = 5.25% monthly…