4. If a person earns P340,560 a year, find the person's salary if the person is paid weekly.
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A:
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Q: Am. 111.
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Q: A
A:
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- A taxpayer has a pension income of £3,100 a month and savings income of £1000. What is the personal savings allowance available? £0 £1,000 £500 £5,000Adrian pays ₱618312 cash and the balance in 22 quarterly payments of ₱27442 for a house and lot. If money is worth 2% converted quarterly, what is the cash value of the house and lot?43. A small business owner contributes $3000 at the end of each quarter to a retirement account that earns 8% com- pounded quarterly. (a) How long will it be until the account is worth $150,000? (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $5000 at the end of each quarter. What will the total value of the account be after 15 more years?
- Under a new company employees savings plan, an employee will pay P 250 at the beginning of each month for 5 years, and the management guarantees accumulation of the savings at 5% compounded annually. How much will be the amount of the savings plan of each employee after 5 years? Select one: O a. P 17,020 O b. P 15,826 O c. P 14,882 O d. P 17,456A young professional wishes to have $720000 in her retirement account. She invests $900 monthly in the account which earns 12% annually. Find the number of payments needed to reach her goal1. A house costs P500,400 cash. A purchaser will pay P100,000 cash, P50,000 at the end of 2 years and a sequence of 6 equal annual payments starting with one at the end of 4 years to discharge all his liabilities at 7% compounded annually. Find the annual payment which may be made for 6 years. 2.Mr. Tolentino wants to deposit a lump sum on the day his son is born into an account bearing an interest of 5% compounded annually in order to withdraw P35,000 each on his son's 18th, 19th, 20th and 21st birthdays How much is the lump sum?
- 3. At the time they retire, a couple has $200,000 in an account that pays 8.4% compounded monthly. If the couple decides to withdraw $3,000 a month as long as it takes, and then make a final withdraw which may be a smaller amount than $3,000 to reduce the account balance to zero. What is the amount of the last withdraw?9. Penny wants to save $2500 in one year. What amount must she save from each paycheque if she is paid bi- weekly? a. $104.17 b. $96.16 c. $48.08 d. $208.33am. 216.
- A family takes a S275,000 20 year mortage at 3.50% annually compounded monthly. a. Compute their monthly payments. b. Immediately after the 121 payment, this family receives a $55,000 from an inheritance. They decide to put this entire amount against the amount they owe. Given that the bank expects them to maintain the same monthly payments as in 4a, compute the length of time (months) it will take to pay the laon off.Say your gross pay is $51,212 annually. You take home 85% of it. Figure out how much you take home monthly.If you need $100,000 at the beginning of each year during your 18 years of returement and you can earn 6% annually during that time. What would you need to contribute at the end of each month for your 43 working years if during that time it can earn 10.8% annually?
