Krissie wishes to bestow her youngest son Bim P200,000 ten years from now. What amount should she invest now if it will earn interest of 6% compounded annually during the first 5 years and 8% compounded quarterly during the next 5 years?
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- Determine the exact simple interest on P5,000 for the period from Jan.15 to Nov.28, 1992, if the rate of interest is 22%.A father wishes to bequeath to this daughter 20,000 ten years from now. If he invest an amount earning interest rate of 8% compounded annually during the first five years and 12% compounded semi annually during the next five years,determine: a. what amount should he invest now?A man wishes his son to receive $250,000 ten years from now. What amount should he invest if it will earn an interest of 10% compounded annually during the first 5 years and 12% compounded quarterly during the next five years?
- 35. A man wishes to bequeath to his daughter P20,000 ten years from now. What amount should he invest now if it will earn interest of 8% compounded annually during the first 5 years and 12% quarterly during the next 5 years? Answer with text and/or attachments:Laverne Cox, an American transwoman, wishes to gift her boyfriend P20,000 on their 10th anniversary which is 10 years from now. What amount should she invest now if it will earn interest of 8% compounded semi-annually during the first 5 years and 12% compounded quarterly during the next 5 years?Timmie wishes his son Timmeus to receive P203B ten years from now. What amount should he invest if it will earn interest of 12% compounded annually during the first 5 years and 8% compounded quarterly during the next 5 years?
- Assume that a couple invests $1000 upon the birth of their daughter. Assume that the investment earns 6.8% compounded annually. What will the investment be worth on the daughter’s 18th birthday?Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3 years. She will have enough to pay for the trip if she invests $2,500 per year until that anniversary and plans to make her first $2,500 investment on their first anniversary. Assume her investment earns a 4 percent interest rate, how much will she have saved for their trip if the interest is compounded in each of the following ways? Annually $_______ Quarterly $_________ Monthly $ _________Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of5 years. She will have enough to pay for the trip if she invests $5,000 per year until thatanniversary and plans to make her first $5,000 investment on their first anniversary. Assume herinvestment earns a 4 percent interest rate, how much will she have saved for their trip if theinterest is compounded in each of the following ways?a. Annually b. Quarterly c. Monthly6
- Gyutaro wishes his sister to receive P600,000.00 twelve years from now. What amount should he invest now if it will earn interest of 12% compounded annually during the first 5 years, 15% compound quarterly during the next 5 years P159,311.01 P175,771.31 P163,041.83 P171,698.76Zayden will receive an inheritance of R850 000 four years from now. His discount rate is a 9,2% interest rate, compounded semi-annually. Which of the following values is closest to the amount that he should accept today for the right to his inheritance?Carla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average eaning of 6 percent over the 40 years until her retirement, what will be the value of her retirement account?