You were scheduled to receive PHP 10,000 annually starting this year. It will increase by PHP 5,000 each year and you will be receiving such amounts for 6 years. If the interest rate is 10% compounded annually, determine the present value of the cash flow. Use the editor to format your answer

Jack Townsend is a soda pop “addict” and wonders how much money he could accumulate if he stopped drinking soda pop and deposited the $90 per month he spends on the stuff into a savings plan.  If Jack is 20 years old, what amount should he have at retirement, 50 years from now, if he deposited $90 at the end of each month and his savings plan earned 6.75% compounded monthly?

Compare the interest earned by $10,000 for three years at 9% simple interest with interest earned by the same amount for three years at 9% compounded annually. Why does a difference occur? Click the icon to view the interest and annuity table for discrete compounding when i=9% per year. The simple interest earned is (Round to the nearest dollar.) (Round to the nearest dollar.) The compound interest earned is $ There is a difference in the amount of interest earned because compound interest allows interest from previous years to earn additional interest, whereas simple interest only considers the original principal.

Susie Jones is a soda pop “addict” and wonders how much money she could accumulate if she stopped drinking soda pop and deposited the $100 per month she spends on the stuff into a savings plan.  If Susie is 18 years old, what amount should she have at retirement, 52 years from now, if she deposited $100 at the end of each month and her savings plan earned 6.75% compounded monthly?

Try to solve in 30 minute A loan of $17,300 at 8.3% compounded annually is to be paid off by equal payments to be made at the end of every year for 5 years. What is the size of the annual payment