On February 19, 2026, Anna will need P 40,000. Assume that the annual effective interest is 7%. How much would Anna have to deposit on March 25, 2022 in order to be able to withdraw an amount of P40,000 on February 19, 2026?

Q: Gage is suppose to receive a payment of $480.00 today from Mark. One month from today, Gage should…

A: Interest rate = 2.95% per annum Payment to be received today (P0) = $480 Payment to be received…

Q: For how long will Markus have to make payments of $179 at the end of every year to repay a loan of…

A: Loan amount=$2130Annual payment=$179Interest rate=7%Compounding quarterly.

Q: Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 7 years from now. She knows…

A: The time value of money seems to be an essential financial notion that states that cash in the now…

Q: ali has invested his money to a CD of Bank TTC  on 14 June  2019. The CD matures on 12 October 2019.…

A: A CD is a bank or credit union product that offers a higher interest rate in exchange for the…

Q: For how long will Zack have to make payments of $114.00 at the end of every six months to repay a…

A: The objective of the question is to find out the time period Zack will take to repay his loan by…

Q: Maya borrowed 15, 000 pesos last June 10, 2020, from a lending institution which offered 12% simple…

A: The time period for which loan or borrowed amount is due or funds are held by borrower is calculated…

Q: Tuition of ​$1452 will be due when the spring term begins in 8 months. What amount should a student…

A: Every investor wants to earn more profit. By the use of a future value tool, the investor can…

Q: On April 5, 2019, Janeen Camoct took out an 7.75% loan for $22,000. The loan is due March 9, 2020.…

A: solution given Amount borrowed $22000 Interest rate 7.75% Date of borrowing April…

Q: If you wish to withdraw $200 at the end of EACH of the next 3 years earning 3.5% per year, what…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: If Kenzo wants to have $19,000 in his account exactly 8 years from todayhow much should Kenzo…

A: Future value required = FV = $19000Period = nper = 8 yearsInterest rate = rate = 10%Kenzo wants to…

Q: payments due in 3 months and 6 months. What is the value of the two equal payments if money is worth…

A: We can determine the periodic payment using the formula below:The payments are made in 2…

Q: You need $58000 on March 15, 2024. How much do you need to deposit each quarter in an account…

A: Future value refers to the worth or value of cash flows. Cash flows are compounded at the rate of…

Q: Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem. 1. Rhea has…

A: Present value refers to the money present today that is more worthful than the amount will receive…

Q: If $5,000 is borrowed at a simple interest rate of 5.65% p.a., calculate the interest charged for 6…

A: the amount of interest Marissa should receive is $356.35.Explanation:For the first question:Interest…

Q: Tom is going to borrow $20000 at an interest rate of 5.25% p.a. calculated quarterly. Tom will make…

A: The interest rate that has been compounded over a certain period is the effective annual interest…

Q: How much would she pay per month if she is to repay the loan in two years

A: We can determine the monthly payment by using the formula below:In the formula above r = monthly…

Q: aurel was supposed to pay Hardy $2,100 55 days ago as well as $3,000 11 days from now. Hardy agreed…

A: Simple interest method is used in days based calculations. Simple interest is interest without…

Q: Kai has $45,186.38 and he wants to buy a $46,000.00 T-bill maturing on March 23, 2021. The annual…

A: Face value of T bill (F) = $46000 Discount yield (r) = 9% Let the days till maturity = n He has…

Q: Jason owes $42000 due at the end of 3 years with interest at j4 = 2.5%. In order to payoff the loan…

A: In this financial scenario, Jason has a loan obligation of $42,000 due at the end of 3 years with an…

Q: Man - Duen wants to buy a $28, 000.00 T-bill that matures on 2019-12-08. His target price is $…

A: Face value=28000Price=27729.66Simple interest=3.12%

Q: Imagine you borrow $490 from your roommate, agreeing to pay her back $490 plus 7 percent nominal…

A: Real rate of interest refers to the rate of return that does not include inflation and taxes. It is…

Q: For how long will Zack have to make payments of $114.00 at the end of every six months to repay a…

A: Loan amount = $3,460.00Semi-annual payment = $114.00Interest rate = 4%

Q: The lender has an option that allows semimonthly payments. Under this option, the lender would…

A: Lender has an option which allows semi monthly payments. In a year, total months = 12 months Number…

Q: elle Momba wants to visit her family in Zimbabwe in 2022, which is 7 years from now. She knows that…

A: Future value required=$7200Period=7yearsInterest rate=6%Semi annual periods=n=14Semi annual…

Q: If you have only P750 on July 10, 2023, what interest rate, compounded annually for 3 years,  must…

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: (a) On June 1, 2021, Kimberly Lawrence purchases lakefront property from her neighbor, Josh…

A: Whenever business entity acquires any asset on deferred payment basis, it records this asset at the…

Q: Today is July 14, 2021 and an investor enters into a FRA in which she will pay 8% per year for a…

A: Interest=$1,000,000×e8%×312-1             =$1,000,000×1.02020134002676-1…

Q: Ms. R. would like to buy a mobile home. For this purpose, she takes out a loan on 01.01.2021 Amount…

A: "Hi there, thanks for posting the questions. But as per our Q&A guidelines, we must answer the…

Q: At retirement age in 2021, an individual has an average yearly indexed income of $40,000. How much…

A: PIA: A PIA (Primary Insurance Amount) is the monetary benefit (rounded up to the next $1) that is…

Q: Melissa was supposed to pay Erik $4,100, 6 months ago, and $1,760, 5 months from now. If she wants…

A: The PV of an investment refers to the value of the cash flows of the investment at present after…

Q: At the beginning of January 2019, you placed $5,200 in a CD (certificate of deposit) account with an…

A: The FV of an investment refers to the combined value of the investment's cash flows at a future date…

Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…

A: Time value of money :— According to this concept, value of of money in present day is greater than…

Q: Pandemic Bank charges 4% for discounting loans. If Super Tekla agrees to repay 3,000 in 6 months,…

A: we will only answer the first question, for the remianing questions, kindly resubmit the question…

Q: Lucinda placed $12,000 in a 16-month term deposit paying 5.05% simple interest. How much will the…

A: Deposit amount = $12000 Period = 16 Months Interest rate = 5.05%

Q: Tuition of $1632 will be due when the spring term begins in 5 months. What amount should a student…

A: The question is based on the concept of Financial Management. Present value of the future value can…

Q: You are to make monthly deposits of $500 into a retirement account that pays 10.3 percent interest…

A: A monthly deposit (P) of $500 is made for a period (n) of 420 (35*12=420) at an interest rate ( r )…

Q: Kyle was supposed to pay Cassandra $5,200, 6 months ago, and $1,880, 5 months from now. If he wants…

A: Amount supposed to pay 6 month ago is $5200 Amount needs to pay 5 months from now is $1,880 Simple…

Q: Marcus is expected to settle a loan by paying $6,000. What amount should he pay if he decides to…

A: Present Value refers to the discounted value of a single cash flow or multiple cash flows today…