Cardo Dalisay deposited P1,000, P1,500, and P2,000 at the end of the 2nd year, 3rd year, and 4th year, respectively in a savings account which earned 10% per annum. What is the equivalent deposit for the uniform gradient only? Cardo Dalisay deposited P1,000, P1,500, and P2,000 at the end of the 2nd year, 3rd year, and 4th year, respectively in a savingsaccount which earned 10% per annum. What is the equivalent deposit for the uniform gradient only?O P690.58O P670.81O P660.53O P680.12

Given Information Cardo Dalisay Deposits At the end of 2nd year=P1000 At the end of 3rd year=P1500…

Cardo Dalisay deposited P1,000, P1,500, and P2,000 at the end of the 2nd year, 3rd year, and 4th year, respectively in a savings account which earned 10% per annum. What is the equivalent deposit for the uniform gradient only? O P690.58 O P670.81 O P660.53 O P680.12

Cardo Dalisay deposited P1,000, P1,500, and P2,000 at the end of the 2nd year, 3rd year, and 4th year, respectively in a savings account which earned 10% per annum. What is the equivalent deposit for the uniform gradient only? O P690.58 O P670.81 O P660.53 O P680.12

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: 2008 $1,000 2009 ΕΟΥ $1000-G 2010 $1000-2G 2011 2012 $ 1000-3G &F=

A: Given Uniform gradient G = -50 At 2009, Cash flow =1000-G=950 Rate of interest =15% Formula:…

Q: How much money should be deposited annually in a bank account for five years if you wish to withdraw…

A: An interest rate in economics is the cost of borrowing or the return on investment, expressed as a…

Q: Mr. Smith has saved $1969 each year for 20 years. A year after the saving period ended, Mr. Smith…

A: Initial Savings Phase (20 Years)Mr. Smith saves $1969 each year for 20 years. The future value ( FV…

Q: How much money should be deposited each year for 6 years starting 1 year from today, if you wish to…

A: Cash flow is the net balance of money coming into and going out of a firm at a particular moment in…

Q: Please show work

A: According to the question, an investment of $2,000 has made for 20 years at 8% per year. The amount…

Q: Determine the current amount of money that must be invested at 6% nominal interest, compounded…

A: Present worth is the time value of money, which recognizes that money received or paid in the future…

Q: What is the nominal rate compounded monthly corresponding to an effective rate of 20 %?

A: If monthly nominal rate be r%, then Effective annual rate = (1 + r)12 - 1

Q: mechanical contractor has four employees whose combined salaries through the end of this year are…

A: Given, Amount- $250000 ROI-12% Time- 5 years

Q: Covido deposits $750 in a savings account at the beginning of each year, starting now, for the next…

A: Solving questions with the help of formula

Q: A condominium unit can be bought at a down payment of ₱150,000 and a monthly payment of ₱ 23,347 for…

A: Given Down-payment of a condominium unit =₱150,000. The monthly payment for 10 years =₱23,347 and…

Q: Maria invested 20,000 Pesos in a savings account 10 years later she withdrew all her savings…

A: Compound interest is the interest on a loan or deposit calculated based on both the initial…

Q: Determine the nominal rate for and interest rate of 1.5% per month compounded quarterly?

A: Nominal rate of interest = Monthly interest rate * number of times it is compounded Since amount is…

Q: A recent government study reported that a college degree is worth an extra Php 35947 per quarter…

A: Given , Extra Income quarterly = 35947 Interest rate = 6% Quarterly interest rate = 6%/4 = 1.5%…

Q: How much do you need to deposit today into an account that pays 3% per year so that you can make 10…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: l borrowed P30,444 on Dec. 10, 2001 to be repaid on Nov. 23, 2003. Find the amount to be repaid at…

A: Amount Borrowed = P30,444 Time period = Dec. 10, 2001 to Nov 23, 2003

Q: Find the Future value of an installment paying P5T now, P3T at the end of year 1, P2T at the end of…

A: Instalment amount at present = P5T Instalment amount at end of 1st year = P3T Instalment amount at…

Q: 4. Find the future worth in year 10 of an investment that starts at P8000 in year 1. The interest…

A: Present value PV of the investment = P8000 Rate of interest (r) = 10% time (n)= 10 years

Q: Ramoncito borrowed P100,000.00 on October 31, 2019 from Barboncito and the loan has an interest rate…

A: Present value = 100,000 on October 21, 2019 interest rate = 6% per year Time = 1 day in October +…

Q: How much money should be deposited annually in a bank account for five years if you wish to withdraw…

A: An interest rate in economics is the cost of borrowing or the return on investment, expressed as a…

Q: A guy deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year,…

A: We have given that rate of interest i=0.07 or 7% We have to find the value of A

Q: An annual deposit of A1-$1,500 in a saving account is made for 6 years starting year 1. In year 9, a…

A: A1 = $1500 n1 = 6 years In year 9 - OTD - $3500 In year 11 - OTW - $2500 From year 12: A2 = ? n2 =…

Q: A bussinessman borrowed money to be paid in equal payments of php 490.00 at the end of every period…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Q: Ryan deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year,…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: Determine the Ordinary and exact simple interest of a borrowed amount worth 1200000 on February 14,…

A: SI(simple interest) is the product of P(principal), R(rate of interest) and t(time period) divided…

Q: Alexandr makes 15 equal annual deposits of $1,000 each in a bank account paying 5% interest. How…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: The "P" calculated for the uniform series below, using equation: P = 90(P/A,i%,4) should be in year…

A: The present value of a cash flow refers to its current value in accordance with its future value…

Q: What will be the exact simple interest of P 12,500.00 borrowed from January 1, 2020 up to October…

A: Interest refers to the amount paid in excess of the principal amount by the borrower to the lender.…

Q: A passenger car passing one toll road segment at Stoneway 6 of Bellaire City needed to pay $1.30 in…

A: Annual rate of fee increase =fee in 2021-fee in 2015/fee in 2015*100 =2.50-1.30/1.30*100…

Q: Ramoncito borrowed P100,000.00 on October 31, 2019 from Barboncito and the loan has an interest rate…

A: A loan usually refers to a sum of money obtained from a bank or another financial institution. The…

Q: which will be paid after 10 years at an interest rate of 12% compou

A: Interest rate = 12% compounded annually Debt after 10 years = 300,000 * (1 + 0.12)^10 = 931,754.5…

Q: Complete fhe following cash flow analysis questions: 5) Convert the following cash flows to a…

A: We start the cash flow from year 3 . So , Outflows are : 1500 , 500 , 1250 , 1250 (Year 3 will…

Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…

A: Given that: Future Worth (A) = 25000Interest Rate (r) = 8% or 0.08Time(t) = 10 months or (10/12)…

Q: What lump-sum amount of interest will be paid on a $10,000 loan that was made on August 1, 2012, and…

A: Given that, Principal amount =$ 10,000 Rate of interest = 10% or 0.1

Q: Determine the ordinary simple interest on a 8 years loan of $ 205262 at 13.05%

A: Simple interest can be contemplated as two groups when the time is considered in terms of days. They…

Q: Jennifer Creek is saving up for a new car. She wants to finance no more than $10,000 of the $26,000…

A: Interest is the cost of borrowing money or the return earned on investment. It is typically…

Q: An electronic device is available that will reduce this year's labor cost by $13232.The equipment is…

A: Net present value (NPV) will be computed as a difference among present value of cash inflows and the…

Q: What is the Present Worth of $2,000 costs in year one, increasing by $500 per year for years 2 thru…

A: Cost in year 1 = 2,000 Increase by 500 each year time period 6 Years

Question

Cardo Dalisay deposited P1,000, P1,500, and P2,000 at the end of the 2nd year, 3rd year, and 4th year, respectively in a savings
account which earned 10% per annum. What is the equivalent deposit for the uniform gradient only?
O P690.58
O P670.81
O P660.53
O P680.12

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Payments of $1000 and $7500 were originally scheduled to be paid five months ago and four months from now, respectively. The first payment was not made. What single payment two months from now is equivalent to the scheduled payments if money can earn 6.25%?
i need the answer quickly
4. A garment company has a contract to stone-wash Wrangler Jeans. Its operating costs are $22,000 per machine in Years 1 and 2, then they increase by 8% per year through Year 10. What is the equivalent present worth (at Time 0) of the operating costs at an interest rate of 10% per year. 5. Repeat the previous problem assuming an interest rate of 8% per year, instead.
A person is planning to open a retirement account. He plans is to deposit $1,000 per month for next 45 years. This person visits four local banks and recorded the interest rates: Bank A) 0.08% per month compounded monthly Bank B) 6.2% per year compounded continuously Bank C) 8% per year compounded monthly Bank D) 7% per year compounded semi-annually Determine 1) Which bank should be selected? 2) How much money will be accumulated in 45 years in the selected bank?
What series of equal payments are equivalent to this present amount of P83579 in 7 years at 24% cpd. monthly when payments are monthly?
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Engr. Velasco decided to subscribe in a globe promo which must be paid one thousand pesos per month for five years. However, the payment will start three years after from today. If the payment is 8% compounded monthly. How much is the value of the money today? ANSWER: P = P38,826.1650
Roy borrowed a certain amount on June 1990 from Roland. Two years later, Roy borrowed again from Roland an amount of P 7,500. Roy paid P 1,600 on June 1993 and discharged his balance by paying P 11,250 on June 1995. What was the amount borrowed by Roy on June 1990 if the interest rate is 9% compounded annually?
Barbara borrowed a certain amount of money and repaid the loan with ten payments. The first five of her payments were P5631 per year with an interest rate of 8% per year compounded continuously, and the next five years had payments of P12318 per year with 12% compounded continuously. How much did she borrow?
Suppose that the parents of a young child decide to make annual deposits into a saving account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday. Then, starting on the child's 18th birthday (EOY), four withdrawals will be made. The sequence of the amounts of withdrawals is $2000, $2400, $2800 and $3200. If the effective annual interest rate is 8% during this period, what are the annual deposits in years 5 through 15? Use a uniform gradient amount in your solution and support your work by drawing the cash flow diagram .Draw the cash flow diagram and solve the problem.
How much will I have 8 years from now, if I will invest P10,929 at the end of each three months for the next three years? My money has a rate of return of 7.5% compounded semi-annually.
What nominal rate per 6-months is equivalent to an effective rate of 11% per year, compounded continuously? The nominal rate per 6-months that is equivalent to an effective rate of 11% per year, compounded continuously is 5.65 %.