Pedro bought a new car today from Barboncito Motors. The former proposed to pay the latter the remaining balance of P700,000.00 in 35 equal monthly payments, with the first installment to be made one month from today, plus one final payment of P30,000.00 at the end of 36 months from date of agreement. If the interest rate applicable is 12% compounded monthly, and assuming that there will be timely payments, how much is the amount of Pedro’s Monthly Payment

Q: Don Solomon wants to set up a scholarship program with his alma mater. If #847084 is needed per year…

A:

Q: Consider a uniform series of cash flows.  The first cash flow of $10,000 occurs at time 10 and the…

A: A cash flow is the movement of funds over a predetermined time period into or out of the financial…

Q: if money is worth 10% compounded monthly, compute the present value of a perpetuity of P2500 payable…

A: The concept of perpetuity refers to an infinite series of identical flow of cash. The present value…

Q: Andi loaned P200,000 from a local bank to be paid back uniformly in five years. How much will he pay…

A: Loan amount = 200000 Time = 5 years Interest rate = 5 % compounded continuously Effective annual…

Q: The monthly average cable TV bill in 2017 is $81.61. If cable costs are climbing at an annual rate…

A: Monthly average in 2017 = $81.61Increase in annual rate (r) = 7% per yearn= 2021 - 2017 = 4 years

Q: If the sum of P12,000.00 is deposited in an account earning interest at the rate of 9% compounded…

A: Given that, Present value (P) = 12,000 Rate of interest (r) = 9% or 0.09 Number of years (t) = 8

Q: If P385,941 is deposited at a rate of 12.27% compounded semi-annually, what is the compound interest…

A: The amount deposited is compounded semi annually, that is twice a year.

Q: A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth.…

A: It is given in the question that, Principal amount(P)=5,86,702. Interest rate(i)=1.7% or 0.017…

Q: Chen's family is saving for a home renovation that they would like to pay for with cash. They would…

A: According to this question  P= $150,000 A1=10,000 i=5% per year n=15 years  We have to find the…

Q: Don Solomon wants to set up a scholarship program with his alma mater. If $590746 is needed per year…

A: Perpetuity implies that the time horizon is infinite , so the question is asking about the present…

Q: ngr. Manuel decided to buy a townhouse amounting to 3.3 Million if paid today. He is been told that…

A: Accounting means the calculation of expenses and revenues. It means the revenues are the income…

Q: What is the accumulate value of a payment of P12,500.00 at the end of each year for 9 years with…

A: Future Value is defined as the value of a current asset at given point of time in the future. Future…

Q: Alp Bilgin deposits $33.000 in a saving account that pays 9% interest compounded monthly. Four years…

A: The objective of the question is to calculate the total amount in the account eight years after the…

Q: The CEO of a company is to give each nominal interest of his 50 employees a bonus. How much is…

A: The total holiday bonus is (50)($1000) = $50,000 Use the uniform series sinking funds discount…

Q: How much interest is included in the accumulated value of $3200 paid at the end of every six months…

A: P = $3200t = 4 year(Semi annually)r = 6.5% Here, P = Principalt = Timer = Rate of interest

Q: How much do you have to deposit now(with a second deposit in the amount of $600 at the end of the…

A: Cash flow schedule is given as Year   0 x 1 -600 2 250 3 250 4 250 5 500 6 500…

Q: At what interest rate if compounded quarterly would P5,000 accumulate to P8,000 in six years?

A: Given information, Present value (P): P5,000 Future value (F): P8,000 Time period (n): 6 years…

Q: The nominal interest rate is 14% compounded semiannually. What amount will need to be deposited…

A: Cash flow:The sum of the total money is represented in the diagram. It represents the magnitude and…

Q: Joe makes 12 monthly deposits of X each during a year at the beginning of each month, into a fund…

A: Given information Monthly deposit =X  interest rate compounded monthly =6% n=12 month Second year…

Q: P 50,000 was deposited quarterly at an interest rate of 18% compounded quarterly. About how many…

A: Given:  The amount deposited quarterly=P 50000 Interest rate compounded quarterly=18% Future sum=P…

Q: Today, a corporation sold a new car to Anne. Anne offered to pay the the company the remaining…

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

Q: A man agrees to make equal payments at the beginning of each 3 months for 10 years to discharge a…

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

Q: Determine the future worth of payment of P2500.00 at the beginning of every quarter for 12 years at…

A: Quarterly payment = 2500 Number of years = 12 years  Number of compounding periods = 12*4 = 48…

Q: Q2. Maria loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first…

A: Compounding basically refers to an asset's ability that can generate returns that are then…

Q: What is the nominal rate of interest compounded continuously for 10 years if the compound amount…

A: Nominal interest is the interest before adjusting inflation.

Q: Mrs. Akhtar is planning to place her savings earned by selling her jewelry in a bank account. She…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Nominal and effective interest Joe Franklin is planning to retire in 16 years. He wishes to deposit…

A:

Q: A series fequal quarterly payments of $5,000 for 10 ears is equivalent to what present amount t an…

A: here we calculate the given by following method as follow;

Q: ach year a single payment of ₱1,766.00 is deposited in an account that earns 6% compounded…

A: Compound interest is the interest on a loan or deposit calculated supported each the initial…

Q: What is the nominal interest rate in continuous compounding that is equivalent to an effective…

A: Considering the period of compounding and also the base (nominal) rate of interest, it is possible…

Q: A $100,000 mortgage at 4.9% compounded semiannually with a 30-year amortization requires monthly…

A: Mortgage amount = $100,000 Interest rate = 4.9% compounded semiannually Time period = 30-year…

Q: Deposit of P1,000 is made at the end of the first year and increases by P 500 for the next following…

A: Deposit = 1,000 Increase by 500 each year time period = 4 years Interest rate = 10%

Q: With an interest rate of 8% compounded semiannually, the value of a $1,000 investment after 10 years…

A: Interest Rate = 8%  Value of investment = 1,000 time = 10 years

Q: Suppose that an investor wishes to deposit an amount now so that in 30 years $1,000,000 will be in…

A: Let the amount deposited now be represented by P. Let F represents $1,000,000 which appears to be in…

Q: Jamie saves P4000 every three months in a bank that pays 0.85 compounded monthly. How much will be…

A: Given: The principal amount is = P4,000 The interest rate is = 0.85% compounded monthly Time period…

Q: Deposit of P1,000 is made at the end of the first year and increases by P 500 for the next following…

A: Deposit = 1,000 Increase by 500 each year  Years = 4 years Interest rate = 10%

Q: The monthly average cable TV bill in 2017 is $74.72. If cable costs are climbing at an annual rate…

A: Monthly average in 2017 = $74.72Increase in annual rate (r) = 7% per yearn= 2023 - 2017 = 6 years

Q: what is the present worth of a 3 years annuity paying P3,000 at the end of each year, with interest…

A: An annuity is a fixed amount of cash that you will get every year until the end of your life.

Q: If a student makes monthly deposits of $1,200 into an account with a nominal annual interest rate of…

A: Student makes monthly deposits of $1,200 into an account with a nominal annual interest rate of 4.5%…

Q: Pedro bought a new car today from Barboncito Motors. The former proposed to pay the latter the…

A: The monthly payment refers to an amount to be paid each month to pay off the loan in the time frame…

Q: Five annual deposits of P2,300 were made at the beginning of each year in an account that pays 7%…

A: Given: Annual payment (PMT) = P2,300 Time (n) = 5 years Interest rate (i) = 7% compounding…

Q: At a certain interest rate compounded semi-annually, P5,000 will amount to P23500 after 10 years.…

A: