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- How much should Engr. Cruz deposit now, if after 10 years, this will amount to Php 100,000. Interest rate is 12% compounded semiannually?Mr. Cruz plans to deposit for the education of his 5 year old son, Php 5,000 at the end of each month for 10 years at 12% annual interest compounded monthly. What will be the amount available 11 years after his last deposit?1.Engr. Dy deposited an amount of Php 8635.9 in a bank’s savings account with interest 7.5% compounded monthly. What amount will he get at the end of 19 months? 2.
- a php 2500 is deposited for 6 years at the rates of 2% in the first to the third year, for the fourth year 5% and for the fifth and sixth year 6% all compounded continuously. What is the amount in total at the end of the 6 years?Engr. Dy deposited an amount of Php 9654.5 in a bank’s savings account with interest 6.4% compounded quarterly. What amount will he get at the end of 16 months?Engr. Odon is paying a loan five thousand pesos 5% monthly for 3 years. If the payment is to start after 6 years. What is the value after 14 years of the last payment? Solve without using Excel.
- Economics Questions Set Question 1: 1. An asphalt road requires no upkeep until the end of 2 years when Php. 60 000.00 will be needed for repairs. After this Php. 90 000.00 will be needed for repairs at the end of each year for the next 5 years, then Php. 120 000.00 at the end of each year for the next 5 years. If money is worth 14% compounded annually, what was the equivalent uniform annual cost for the 12-year period?Engr. Odon is paying a loan five thousand pesos 5% monthly for 3 years. If the payment is to start after 6 years. What is the value after 14 years of the last payment? Solve without using Excel I'll rate!Solve all A 40-year-old Ministry of Finance officer is planning to save money for retirement. He intends to deposit 5% of his salary. 1. In the present year, he deposited 600,000 baht from his salary, and after this he intends to deposit another 50,000 baht a year every year from year 1 to year 10. At the end of 10 years, how much will he have in the account with the interest rate of 6% per year? 2. If he changes his mind to start saving at the age of 45, how much will he have to deposit with the same amount per year in order to get the equal equivalent amount as the amount received from the first form of deposit?
- A man wishes to bequeath to his daughter P500k twenty yrs from now. What amount should he invest now if it will earn interest of 18% compounded annually during the first 5 yrs & 16% compounded quarterly during the next 15yrs?At age 20, a person deposits $355 in a saving account paying 1% interest compounded semiannually. How much money will be in the account 70 years later,when he is 90 years old?. Would his savings tripled in that time?.What effective annual interest rate corresponds to the following situations? nominal interest rate of 5% compounded semi annually nominal interest rate of 6% compounded monthly nominal interest rate of 7% compounded quarterly а. b. c. How much should Engr. Fernandez deposit now, if after 12 years, this will amount to Php 120,000. Interest rate is 12% compounded semiannually?