Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following years up to 4 years. Find the equivalent present worth of these deposits if it earns on an account @ 10% compounded annually.
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Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following
years up to 4 years. Find the equivalent present worth of these deposits if it earns on an account @
10% compounded annually.
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- Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next followingyears up to 4 years. Find the equivalent single deposit if it earns on an account @ 10% compoundedannually.Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next followingyears up to 4 years. Find the equivalent future worth of the deposits if it earns on an account @ 10%compounded annually.Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6% for 5 years. How many times is compunding done in a year. What is the initial or rincipal amount. then what is the rate of interest?
- Calculate the future sum of $1,200, given that it will be held in the bank for 5 years and earn 14% compounded semiannually.Calculate the future sum of $1,000, given that it will be held in the bank for 5 years earning an APR of 10 percent compounded semiannually.you deposited ₱5,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in 6 months.
- An amount of 1200 per year is to be paid into an account each for the next five years. Using an interest rate of 12 % determine the total amount the account will have at the end of 5th year. Deposit made at the end of each year with interest compounded monthly.$360,000 is invested in a perpetuity at an interest rate of 5.2% per annum. a. Find the monthly payment that the perpetuity provides. b. After six years of monthly payments, how much money remains invested in the perpetuity?What is the amount after ten years of a Php18000 deposit if it earns 8% compounded quarterly for the first five years and 12% compounded monthly for the next five years?
- If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per year, how much can a person withdraw annually from the fund for 8 years starting 1 year afther the least deposit is made?What is the accumulated amount of a 8-year annuity paying ₱ 4,300at the end of each year, with interest at 4% compounded annually if payments are done every beginning of the month?A man owes ₱100,000 with interest at 6% payable semi-annually. What equal payments at the beginning of each 6 months for 8 years will discharge his debt?
