4. Jasmine bought a laptop amounting P45,00 in an installment basis with 1.5%annual interest. She provides a P5000 downpayment and promise to pay P3000 at theend of 1st year, 9000 at the end of 2nd year.4000 at the end of 5th year and theremaining balance at the end of 8th year.Find the remaining balance and create acash flow diagram.5. Emmanuel is a money lender who gives15% interest rate annually to allIl borrower.Jessie borrowed $9000 to him. Based onthe contract, Jessie needs to pay theborrowed money and its interest in 8yearsJessie decided to deposit his payment twicea year and the bank provides him 3% interestcompounded semi-annually. Find thesem-annually deposit to pay the borrowedmoney and interest.6. Find the rate of interest if the principalvalue is $28000 with an interest value is$9000 after 5 years.

According to the general rules, the present value of a future cash flow is equal to its discounted…

4. Jasmine bought a laptop amounting P 45,00 in an installment basis with 1.5% annual interest. She provides a P5000 down payment and promise to pay P3000 at the end of 1st year, 9000 at the end of 2nd year. 4000 at the end of 5th year and the remaining balance at the end of 8th year. Find the remaining balance and create a cash flow diagram.

4. Jasmine bought a laptop amounting P 45,00 in an installment basis with 1.5% annual interest. She provides a P5000 down payment and promise to pay P3000 at the end of 1st year, 9000 at the end of 2nd year. 4000 at the end of 5th year and the remaining balance at the end of 8th year. Find the remaining balance and create a cash flow diagram.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 25PROB

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