Please provide COMPLETE and CLEAR SOLUTION. 2. If a deposit of Php 10,000 amount to Php 13001 in 3 years, what is the rate of simple interest?
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- Erwin is 27 years old and he saw a bank offering a time deposit plan with 6% interest. He does not know how often the bank calculates interest but he is interested. If he plans to take the offer and wants a sum of Php 20,000 in 10 years, how much should he start his deposit? 11,000 pesos 10,000 pesos O 12,000 pesosA man borrowed 120 000 PHP and promised to pay anually for 5 years. The payment starts at X pesos. The man intends to increase his payment by 5 000 PHP at the end of each successive year. If the interest rate is 8% compounded annually, how much will the first payment be? If the man decides to pay anually with 8 equal payments with the first payment to be made after 4 years, what will be the amunt of the annual payment? Construct the cash flow diagram for both cases. Show full solution: Engineering EconomicsEngr. 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!
- At what simple interest rate must ₱100,000 be invested so as to gain an interest of ₱10,000 after 5 years?Please provide COMPLETE and CLEAR SOLUTION. 1. A man took a loan from a bank at a rate of 12% per annum simple interest. After three years, he had to pay Php 5401 interest only for the period. What is the total amount (future worth) of money that he had to pay? 2. If a deposit of Php 10,000 amount to Php 13001 in 3 years, what is the rate of simple interest?I thought the formula needed to find the interest rate is i= (FW/PW) ^ (1/# of years) - 1. frim what i understand givens are F = 100000, P = 80000, n = 15. and i dint know why A is given but its 5000. I need this type of notation (A/P, i%, 15) not pure math notation Vi paja (e) $5,000 now for $225 at the end of each year 3-9. A company can either buy certain land for outdoor storage of equipment or lease it on a 15-year lease. The purchase price is $80,000. The annual rental is $5,000 payable at the start of each year. In either case, the company must pay property taxes, assessments, and upkeep. It is estimated that the land will be needed for only 15 years and will be salable for $100,000 at the end of the 15-year period. What rate of return before income taxes will company receive by buying the land instead of leasing it? (Ans. 7.7%) 100 for a prepaid
- How much money must you invest today in order to withdraw ₱ 11,331 annually for 5 years if the interest rate is 1.98%?1. A Contractor charges an Engineer Php. 2,750.00 on a loan of Php. 15,800.00 for 2 years and 3 months. What simple interest rate is he using?2. In what time will Php. 875.00 double itself at the rate of 7% simple interest?3. Three months after borrowing money, David Tan pays on the interest of Php. 270.00. how much did he borrow if the simple interest rate is 5 ½ %2. ₱6,000 is borrowed for 85 days at 15% per annum simple interest. How much will be due at the end of 85 days? Solve and show the solution.
- If you borrow PHP 80,000 from a lender for one year and 2 months at 3% discount interest rate, how much proceeds will you receive?3. Three months after borrowing money, David Tan pays on the interest of Php. 270.00. how much did heborrow if the simple interest rate is 5 ½ %Mr. P has a debt of Php5,000 due in five years is to be repaid. Php2,000 now and a second payment at the end of 6 years. How much should the second payment be if the rate of interest is 6% compounded quarterly