Php100,000 is left in the bank for 20 years. At time 20, regular withdrawals annually will be done for 10 years. How much is the regular withdrawal if the interest rate is 10% compounded annually?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityA loan is being handed out in multiple increasing semi-annual releases. The first release is P50,000 and the last transfer to be P90,000 for 10 years. What is the present worth of the loan if money is worth 6%?5. If P50,000.00 is deposited each year for 10 years, how much annuity can a person get annually from the bank every year for 8 years starting 2 year after the 9th deposit is made. Cost of money is 14%.
- A loan of Php 50,000 due 5 years from now and Php 50,000 due 10 years from now is to be repaid by a payment of Php 20,000 in 2 years, a payment of Php 40,000 in 4 years and a final payment at the end of 7 years. If the interest rate is 5% compounded annually, how much is the final payment?The customer is offered by a bank an interest rate of 6.5% per annum, compounded annually. How much money will the customer have to invest with this bank now to achieve his goal of R300 000 in 10 years’ time?A loan of P30,000 is to be repaid monthly for 5 years that will start at the end of 4 years. If interest is 12% converted monthly, how much is the monthly payment? (Draw the cash flow diagram; indicate the artificial payments and the actual payments.)
- A loan of P30,000 is to be repaid monthly for 5 years that will start at the end of 4 years. If interest rate is 12% converted monthly, how much is the monthly payment?A loan of ₱20,000 will be paid semiannually for 4 years. What is the amount of each payment if interest rate is 16% converted semiannually?A debt of R7000 is to be paid off by a payment of R2000 now, and two equal payments two consecutive years from the second year. If the interest rate is 6% compounded semi-annually, how much is each of the two payments?
- How much money will be required four years from today to repay a ₱2,000 loan that is made today at 8% interest compounded annually?How much interest is payable each year on a loan of P2,000 if the interest rate is 10% simple interest per year when half of the loan principal will be repaid as a lump sum at the end of 3 years and the other half will be repaid in one lump-sum amount at the end of 6 years? How much interest will be paid over the 6-year period?A pump can be bought for Php 10,000 php or for Php 2,000 down and the interest rate is 4.61% per year for 15 years. What is the annual payment?