What's the present value of a 4-year ordinary annuity of Php2,250 per year plus an additional Php3,000 at the end of Year 4 if the interest rate is 5%?
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What's the present value of a 4-year ordinary annuity of Php2,250 per year plus an additional Php3,000 at the end of Year 4 if the interest rate is 5%?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityWhat's the present value of a 4-year ordinary annuity of Php2,250 per year plus an additional Php3,000 at the end of Year 4 if the interest rate is 5%?Answer the following question correctly refer to the given problem below and show your Complete Solution (Given, Required, Equation, Solution, Answer). Mr. Quiton loans an amount of Php 30,000.00 which is to be paid monthly for 5 years that will start at the end of 4 years , if converted monthly at 12%, how much is the monthly payment ? 1. What is the type of annuity illustrated in the given problem? A. Simple Annuity B. General Annuity C. Deferred Annuity D. Complex Annuity 2. Compute for the interest rate per period. A. 0.01 B. 0.05 C. 0.10 D. 0.12 3. Determine the present value of the loan. A. Php 12,000.00 B. Php 30,000.00 C. Php 60,000.00 D. Php 75,000.00
- Simple Annuity Solve the following problems. Show a complete and detailed solution. What is asked? What are given? Formula to be used and a detailed solution. Write legibly and neatly. 1. What is the present worth of a P1000 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 15%? 2. Find the annual payment to extinguish a debt P15,000 payable for 6 years at 12% interest annually. 3. A factory operator bought a diesel generator set for P 20,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8.5% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment? 4. A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the 90% balance on monthly installment for 60 months at an interest rate of 10% compounded monthly. Compute the amount of the monthly payment. 5. What is the accumulated amount of…Show Solution. Topic: Ordinary Simple Annuity 5. If P450,000 will purchase a 15-year annuity paying P8,750 per month, what rate of interest compounded monthly will the funds invested in the annuity earn?Please show the formula used. If you deposit 500 pesos at the end of each year for 3 years into an annuity that pays 5% annual simple interest, what is the value at the end of 3 years?
- What's the future value of a 5%, 5 year ordinary annuity that pays $800 each year? If this was an annuity due, what would its future value be?Written solution. How much is the amount of an ordinary annuity of which yearly payment of php25,000.00 for 20 years earns 8 and 1/2% interest compounded yearly.Answer the Situation below correctly show your complete solution.I already provided the answer I just need the SOLUTION.( Annuities ) Find the amount of an annuity of 4 000.00 Php every 3 months for 10 years if interest is 8 %, compounded annually . a . The type of annuity illustrated in the problem is ___________.b. The total number of payments is _______.c. The number of conversion period ______.d. The interest rate per period is __________.e. The present value of the loan is_________. Answers: a. General Annuity; b. 40; c. 1; d. 0.08; e. 4 000.00 Php
- How much money do you need to invest now for you to receive Php 25 000 semi-annually for 7 years if it will be compounded at 5% semi-annually? PRESENT VALUE OF ANNUITY DUEFind the future value of an annuity due with an annual payment of $14,000 for three years at 4% annual interest using the simple interest formula. How much was invested? How much interest was earned? What is the future value of the annuity? $ (Round to the nearest cent as needed.) How much was invested? S How much interest was earned? S (Round to the nearest cent as needed.) ←Directions: Determine the kind of annuity used in the following situations. Then, solve the problem. Show complete solutions. What equal payments at the beginning of each 2 months for 4 years will discharge a debt of P180,000 due now if the interest rate is 18.48% compounded every 2 months? a. Kind of annuity: b. Computation: