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A: This question is based on Annuities due, Annuities due are annuities that require payments to be…
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A: The term perpetuity means a number of equal payments of money for an indefinite period of time…
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A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…
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A: Given :Number of Years (n) =5Rate of Interest (r(4)) =8.1%Present Value (PV) = $30694
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A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: If the nominal rate is 16.5% per year compounded quarterly, what is the equivalent effective rate of…
A: according to guidelines we will solve only 3 subparts , for further subparts please post separate
Q: A coffee maker set is offered for sale for P15000 down payment and P1500 every 3 month for the…
A: Given, Down payment (DP) = P15,000 Remaining payment (P)- P1 500 every 3 months for the balance for…
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A: *Answer:
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A: Interest rate = 12 % compounded monthly Monthly rate = 1 % Time = 24 months Payment = monthly
Q: A company sets aside P200,000 at the end of each year for plant expansion. If the fund draws 8%…
A:
Q: A certain end of year cash flows are expected to be P7,000.00 at the end of the 3rd year, P9,000.00…
A: Given: Cash flows: Year 3: P 7000 Year 4= P9000 Year 5: P 11000 year 6: P 13000 Interest rate=15%
Q: At what interest rate if compounded quarterly would P5,000 accumulate to P8,000 in six years?
A: Given information, Present value (P): P5,000 Future value (F): P8,000 Time period (n): 6 years…
Q: A company purchases an asset for the P10,000 and plans to keep it for 20 years. what is the value…
A: Given the values: Present value = P10000 Time = 10 years Interest rate = 10%
Q: What is the annual rate of interest (in %) if P732 is earned in 9 months on an investment of…
A: The formula used is: SI=P×R×T100
Q: What is the present worth of a 4 year annuity paying P4, 000 at the beginning of each year, with…
A: Given; Annuity= P4000 n= 4 years interest= 10%
Q: How long will it take for P1,000.00 to amount to P1,346.00 if invested at 6% compounded quarterly?
A: According to the formula of compound interest rate we get: A=P(1+rn)nt Here A=P1,346.00 P=P1,000.00…
Q: What is the future worth of an equal monthly payment series of $2,500 for 43 years, if the interest…
A: In this question we have to find out the future worth with the help of the above information.
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A: The correct answer is given in the second step.
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A: Given that; Loan amount = P 2,659,931 Time = 30 years i = 15% Uniform annuity of payment = P 95000…
Q: Deposit of P1,000 is made at the end of the first year and increases by P 500 for the next following…
A: The deposit made at the end of the first year, A = 1000 Increase in deposit per year, G = 500 Time,…
Q: The optical products division of Panasonic is planning a $3.5 million building expansion for…
A: Future worth of investment = 3.5 Millin $ Interest rate = 16 % compounded quarterly Quarterly rate =…
Q: What is the effective interest rate per 6 months for a nominal interest rate of 12% per year…
A: here we calculate the present worth and effective interest rate by using the given details , so…
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A: The present value of a cash flow relies upon the premium or markdown rate and the time allotment…
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A: We need to find futute value when present value is compounded at the rate of 12% for 10 years.
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A: Given Monthly investment = 3000 Return rate = 7.75 % compounded monthly Monthly rate = 0.6458 %…
Q: Deposit of P1,000 is made at the end of the first year and increases by P 500 for the next following…
A: Deposit = 1,000 Increase by 500 each year time period = 4 years Interest rate = 10%
Q: The parents of a child decided to make annual deposits into a saving account, with the first deposit…
A:
Q: What is the present value of P500,000 to be received 20 years from now, if the principal is invested…
A: P=A(1+R)nwhere P is present value A is future value R is interest rate n is time period
Q: 6. Interest of P1,904 was charged on a loan of P6, 800 for 4 years. What simple annual rate of…
A: We have, (P) Principal = P 6800 (S.I) Interest = P 1904 (T) Time = 4 years We need to calculate (R)…
Q: Compute the interest for an amount P200,000 for a period of 8 years a. If it was made at a simple…
A: The compound interest would result in the difference between the amount and the principal. The…
Q: How long will it take P1,000 to amount to P1,1346 if invested at 6% compounded quarterly? (NOTE:…
A: Compound Interest can be calculated using the formula A=P(1+i/n)nt A = amount after t years P =…
Q: An investor wishes to deposit an amount of money next year so that at the end of ten years from now…
A: The compound interest refers to a situation whereby interest income corresponding to an…
Q: For your 21st birthday, your grandfather offers you a gift of $1,000 today. However, you have the…
A:
Q: A series of cash flows are established on an account as listed below. - Payment of P1.325 at the end…
A: We have a set of cash flows: Cash flow of P1.325 at the end of the 2nd, 4th, and 7th year at an…
Q: .A man wishes to provide a fund for his retirement such that from his 60th to 70th birthdays he will…
A: Compound interest is the interest on an advance or store determined in light of both the underlying…
Q: You obtained a loan of $25,000 to finance your home improvement project. Based on monthly…
A: Loan = 25000Interest = 1200
Q: find the solution 4. An annual deposit of P 1,270 is placed on the fund at the end of each year…
A: To find the worth of fund after 9 years we calculate the future value of annuity payments to the…
Q: What amount would have you to be invested today for the future value to be $14000 after 25 years if…
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A: The future value of an investment is the compounded value of the investment which is compounded on…
Q: What is the initial amount of money needed to end up with $12125 in five years if it is invested at…
A: The effective annual interest rate is the real return on a savings account or any interest-paying…
Q: What payment ten years from now is equivalent to P1,000 six years from now if the interest rate in…
A: Let P is the unknown amount 10 year from now. A. Compounded Annually. P/(1+0.15)10 = 1000/(1+0.15)6…
Q: If money is worth 6% compounded annually, what payment 12years from now is equivalent to a payment…
A: Given information is: Interest rate: 6% compounded annually Value of payment after 9 years:…
Q: What is the present worth of 500 dollars deposited at the end of every three months for six years if…
A: Amount deposit = 500 each 3rd year interest rate = 12% compounded semi annually
Q: Deposits of P35,000.00, P48,000.00 and P25,000.00 were made in a savings account eight years, five…
A: Given P1=P35000 , started at 8 year so T=8 P2=P48000 , started at 5 year so T=5 P3=P25000 ,…
Q: Consider the following cash flow series. Determine the required annual deposits (end of year) that…
A: To determine the required annual deposits: Effective interest rate: EI=1+compound rate of…
Q: Calculate the equivalent annuity (A) for the 6-year cash-flow shown below assuming an interest rate…
A: Here we calculate the equivalent annuity for this cash flow by using the given information , so…
Q: A coffee maker set is offered for sale for P 15 000 down payment and P 1 500 every 3 months for the…
A: Down payment = P15000 Reoccurring payment = P1500 Time period = every 3 months for 15 months…
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- Addy plans to deposit her annual bonus into a savings account that pays 4% interest compounded annually. The size of her bonus increases by $1000 each year, and the initial bonus amount she will deposit at the end of year 1 is $2500 a) Determine how much will be in the account immediately after the 6th deposit. b) What's the future value if she only plans to deposit her annual bonus for 8 years C) What's the future value if she only plans to deposit her annual bonus for 8 years (the last deposit is at the end of year 8 but also plans to skip the deposits at the end of vears 3 and 6?The APR is stated as 6% compounded monthly.What is the continuously compounded rate? (In otherwords, what APR at continuous compounding has thesame effect?)If you deposit $10658.1 into an account paying 5% annual interest compounded semi-annually, how much money will be in the account after 16 years?
- Jack Townsend is a soda pop “addict” and wonders how much money he could accumulate if he stopped drinking soda pop and deposited the $90 per month he spends on the stuff into a savings plan. If Jack is 20 years old, what amount should he have at retirement, 50 years from now, if he deposited $90 at the end of each month and his savings plan earned 6.75% compounded monthly?You want to start saving for your 10 yr old son. If i=6% compounded quarterly, how much would you have to save each month to amount to P120k by the time he is 18 yrs old?A credit card company wants your business. If you accept their offer and use their card, they will deposit 1.5% of your monetary transactions into a savings account that will earn a guaranteed 6% per year. If your annual transactions total an average of $23,000, how much will you have in this savings plan after 17 years? Click the icon to view the interest and annuity table for discrete compounding when /= 6% per year. The amount you will have in this savings plan after 17 years equals $(Round to the nearest cent.)
- Kathy is withdrawing $125,409 from an account in which she invested 8 years ago. If the account paid 2-1/2% interest, compounded continuously, how much did she initially deposit?How long does it take an investment of P300,000 to double if it invested at 10% interest compounded quarterly?What amount will be accumulated by a present investment of P18,200 in 6 years at 3% compounded quarterly?