For the purpose of providing yearly scholarships to poor but deserving students, a wealthy engineer made a lump-sum deposit in an endowment fund set up by a wellknown university. The fund will provide P200 000.00 after one year, increasing by P10 000.00 each year until the end of the 15" year where payments become uniform and continue forever. If the fund will earn 9% interest per year, determine the amount of the deposit.

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A: Loan amount = 8057 Interest rate = 2 % Monthly rate = 2 / 12 = 0.167% Time = 12 months  Therefore…

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A:

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A: Given,  Future value FV = P 200,000 Growth rate g = 10%Interest rate r = 9.6%

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A: Present value is the sum of money that has been discounted from a certain future value or from a…

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A: The formula for calculating the present value from the future value is :-  PV = FV / ( 1+i)t

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A: Simple interest is the money that is paid on principal. Principal refers to the money that is…

Q: asphalt road requires no upkeep until the end of 3 years when P70,000 will be needed for repairs.…

A: Clear solution given below,

Q: What is the present equivalent value

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A: A cash-flow diagram is a tool used in finance to show the cash flows related to security, "project,"…

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A: Present value is the value of some amount of money at the current time.

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A:

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