At the end of the years 2000, 2001 and 2002, an employee received amounts of money as recognition, and a total of 90,000 GE, The clerk Invested the money at a 3 percent interest rate and ended up having from 2002 a fotal of 92,418 GE. If he had got 6 percent Interest, it would have been 94872 GE How much did he get paid in 2001? Note: In 2002 he received 30,000 GE. 62000 98000 81000 40000 Çeviriye devam et
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- At the end of the years 2000, 2001 and 2002, an employee received amounts of money as recognition, and a total of 90,000 GE. The clerk invested the money at a 3 percent interest rate and ended up having from 2002 a fotal of 92,418 GE. If he had got 6 percent interest, it would have been 94872 GE How much did he get paid in 2001? Note: In 2002 he received 30,000 GE. 62000 98000 81000 40000AN EMPLOYEE IS ABOUT TO RECEIVE THE SUM OF P300.00 AT THE END OF EACH YEAR FOR 5 YEARS. ONE YEAR PRIOR TO THE RECEIPT OF THE FIRST SUM, HE DECIDED TO DISCOUNT ALL 5 SUMS. IF THE INTEREST RATE IS 6%, WHAT PROCEEDS WILL HE OBTAIN? a.P1,236.71 b.P1,263.71 c.P1,362.71 d.P1,623.71Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 10% per annum. How much is in the account at the end of the 4th year?
- A person deposited every 6 months ¢ 50,000.00 in an account that paid him 16% interest, convertible every six months. The first deposit was made when his son was 6 months old and the last one when he was 20 years old. The money continued in the account and the father's indication was that it be delivered monthly in advance from the 24th birthday. At this time, the same rate is maintained and it is converted to monthly capitalization.to. How much was accumulated to that dateb. How many monthly payments would your child receive. An engineer signs a contract to work in Hong Kong for 5 years. The contract specifies that at the end of his 5 years of service, he will receive $90,000 at the end of each of the following 3 years. Assume funds earn 6% compounded annually. (a) Find the amount needed at the end of his 5 years of service to fund the payments. (b) Find the end-of-year payment into a sinking fund needed to accumulate this amount. * $240,570.90; $42,677.28 $250,570.90; $45,677.28 $42,677.28; $240,570.90 Other:Mr. Mañalac invested P 100,000 to a certain business which earns P 10,000 every 2 months for 10 years and at the end of 10 years, he will receive his P 100,000 investment plus the earned interest. Compute for the simple rate on the investment per year.
- Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. $95,037.72$103,940.74 $112,256.00$113,556.00A man purchased a secondhand truck with a cash price of P350, 000 for his hollow block business. He was able to negotiate with the seller to allow him to pay only a down payment of 20 percent and the balance payable in equal 48 end of the month installment at 1.5 percent per month interest rate. On the day he paid the 20th installment, he decided to pay the remaining balance. How much is the remaining balance?Rhyle borrowed P41,391 on Dec. 9, 2005 to be repaid on Nov. 13, 2007. Find the amount to be repaid at 8.91% per year. Write your final answer in two decimal places.
- Joshua borrowed $1,400 for one year and paid $70 in interest. The bank charged him a service charge of $12. If Joshua repaid the loan in 12 equal monthly payments, what is the APR? (Enter your answer as a percent rounded to 1 decimal place.) APRQuinn opened an account with an initial deposit of $2500. At the end of the 2nd and 8th years, he deposited $3000 and $5050, respectively while at the end of the 5th year, withdrew $3000. The account earned 2% nominal annual interest compounded semiannually for the first 3 years, 3% annual effective rate of discount for the next 2 years, and 3.5% annual effective interest rate for the remaining time. How much will Quinn have in his account at the end of the 12th year? and determine Quinns average annual rate of return for the 12-year period.A businessman borrowed P300,000 with interest at the rate of 6% compounded annually. He agrees to discharge his obligation by paying a series of 6 equal annual payments, the first being due at the end of 5th year. a. What is the value of the annual payments? b. What is the sum of all his payments? c. What is the actual interest that he paid?