Please help me answer Question 20. :( Score:Date:Name:B. Solve for the following:17. What monthly payment discounted at 9.6% compounded monthly will have a currentvalue of P840,000 if the payments run for 15 years?20 Pal18. Calculate the amount that must be invested semiannually at 8.6% compoundedsemiannually in order to accumulate P1,300,000 after 20 years?19. How long will it take to pay off P436,000 loan with monthly payments of P16,780, if theminterest rate on the loan is 15.6% compounded monthly?20. If regular monthly deposits of P3,850 in a savings account amounted to P105,000 after 2years, what interest rate compounded monthly was paid on the account?164 PageChapter 4: Ordinary Simple Annu

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Answered: 20. If regular monthly deposits of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Answer the following Compound Interest problem using the provided formula ONLY. Show your complete solution. 9. Compound Interest What payment X ten years from now is equivalent to a payment of P 1,000 six years from now, if interest is 15% compounded monthly?
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Global Financial Management Rivier University Module 2 Problem Set TVM Directions: Using the financial functions of Excel, the Excel wizard and/or the formulas for TVM, solve each of the problems. Example A: You have $300,000 that you want to invest in a one year Certificate of Deposit (CD) with a 4% annual interest rate. What will be the value of that CD in a year? PV = $300,000.00 VYR = 4% N = Formula: FV = PV(1+1)^N = $312,000.00 Wizard (FV): $312,000.00 Excel Function: $312,000.00 Example B: What if the investment made above were held in a CD for 5 years, with the same principle and interest rate? PV = $300,000.00 VYR = 4% N = 5 Formula: FV = PV(1+1)^N = $364,995.87 Wizard (FV): $364,995.87 Excel Function: $364,995.87 Example C: For this scenario, lets assume that CDs are being offered for 5 years at a rate of 3%, 4% and 5%. Using the table function of Excel, create a table that shows the FV at 3%, 4% and 5% for 0, 1, 2, 3, 4, and 5 years. How to use the table function in Excel:…
Case 1. Given the down payment of P18,877 and annual payment of 28,657. The number of years is 20 years and Discount rate of 11%. Find the present value?
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20. If regular monthly deposits of P3,850 in a savings account amounted to P105,000 after! years, what interest rate compounded monthly was paid on the account?