You are saving up for a down payment on a house. You will deposit P600 a monthfor the next 24 months in a money market fund. How much will you have for yourdown payment in 24 months if the fund earns 10% annual percentage ratecompounded monthly? *14,48015,87012,93010,5609,890What's the future value of P1,200 after 5 years if the appropriate interest rate is6%, compounded monthly? *1,537.691,618.621,699.551,784.531,873.76What is the present value of the following cash flow stream at a rate of 6.25%?YEAR O=0 YEAR 1= P75 YEAR 2= P225 YEAR 3=PO YEAR 4=P300 *411.57433.23456.03480.03505.30

Future value means the value at some future point of time. The future value can be calculated of an…

You are saving up for a down payment on a house. You will deposit P600 a month for the next 24 months in a money market fund. How much will you have for your down payment in 24 months if the fund earns 10% annual percentage rate compounded monthly? *

You are saving up for a down payment on a house. You will deposit P600 a month for the next 24 months in a money market fund. How much will you have for your down payment in 24 months if the fund earns 10% annual percentage rate compounded monthly? *

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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Question

You are saving up for a down payment on a house. You will deposit P600 a month
for the next 24 months in a money market fund. How much will you have for your
down payment in 24 months if the fund earns 10% annual percentage rate
compounded monthly? *
14,480
15,870
12,930
10,560
9,890
What's the future value of P1,200 after 5 years if the appropriate interest rate is
6%, compounded monthly? *
1,537.69
1,618.62
1,699.55
1,784.53
1,873.76
What is the present value of the following cash flow stream at a rate of 6.25%?
YEAR O=0 YEAR 1= P75 YEAR 2= P225 YEAR 3=PO YEAR 4=P300 *
411.57
433.23
456.03
480.03
505.30

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