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- Engr. Sibal Riego borrows P170,000.00 at 6% effective annual interest. He must pay back the loan over 20 years with uniform monthly payments due on the first day of each month. How much should Engr. Riego pay each month?if $ 5000 shall accumulate for 10 years at 8% compounded quarterly, what is the compound interest at the end of 10 years a. 4060 b. 5040 c. 6040 d. 6400With an interest rate of 8% compounded semiannually, the value of a $1000 investment after 5 years is most nearly Select one: a. $1800 b. $1680 c. $1480 d. $1180
- Mr.Robert bought a new computer for $5,750. The annual interest rate is 40%. Mr.Robert received this money from the bank and will pay it in monthly installments within 4 years. What is the monthly installment amount? (A bit more specific with the transactions please I couldn't understand the asnwer quitely)SHOW COMPLETE DETAILS AND SOLUTION . 4. A new civil engineer employee start a savings plan in which he saves P 10,000 eachyear for 15 years. He makes her first payment at age 22 and after paying for 15 yearsshe leaves the accumulated sum in the savings plan until she reach age 65. If thesavings plan pays 10% per year, how much will be in the savings account when sheage 65?5. Mr. Jo needs P 4,000,000 immediately to pay for a new home. Having insufficientfund for this, he borrows P 2,000,000 from an insurance company and repay the loanevery six months for 15 years, the first payment being at the end of 8 years from now.If the insurance company charged him 8% compounded semiannually, how much isthe amount of each payment?Please determine the equal cash flow A (from 1 to 5) for the cash flows provided below when considering at interest of 10% Net cash flow 500 500 500 ZorN3 4 5
- Year End-of-Year Payment 1 $1400 2 $1320 3 $1240 4 $1190 5 $1000 What future sum, at time 5, is equivalent to the series of payments in the table, at a 10% interest rate? Select one: a. $7616 b. $7660 c. $7212 d. $5995Howard owns a small electronics repair shop. He wants to borrow $10,000 now and repay it over the next 1 or 2 years. He believes that new diagnostic test equipment will allow him to work on a wider variety of electronic items and increase his annual revenue. Howard received 2-year repayment options from banks A and B. Amount to pay $ per year Amount to pay $ per year Year Bank A Bank B 1 5,378.05 5000.00 2 5,378.05 5775.00 Total Paid 10,756.10 10775.00 During a family conversation, Howard’s brother-in-law offered to lend him the $10,000 now and take $10,600 after exactly 1 year. Now Howard has three options and wonders which one to take. Which one is economically the best in terms of interest rate? Show hand to hand solution.Mr. Reyes borrowed money from the bank. He received from the bank P17,500.00 and promised to repay P 20,000.00 at the end of 5 months. Determinethe rate of simple interest.
- Solve by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity (in $) $3,000 every 6 months 5 5.0 semiannually $(a) If a saving account earns interest at 12% per year but is compoundedquarterly, what is the effectively yearly interest rate?(b) Suppose we deposit $6000 now and $9000 next year to the savingaccount, how much will be in the account in year 10, using theeffectively interest rate. and draw the cash flow diagram(c) What is the upper bound of the effective yearly interest rate?Hint: Consider interest rate compounded continuouslyMr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000 every 3 months for 5 years. The car seller figured interest is at 12% compounded quarterly. What is the prize of the condominium?