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A: This question is based on Annuities due, Annuities due are annuities that require payments to be…
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A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…
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A: Given :Number of Years (n) =5Rate of Interest (r(4)) =8.1%Present Value (PV) = $30694
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A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: If the nominal rate is 16.5% per year compounded quarterly, what is the equivalent effective rate of…
A: according to guidelines we will solve only 3 subparts , for further subparts please post separate
Q: A coffee maker set is offered for sale for P15000 down payment and P1500 every 3 month for the…
A: Given, Down payment (DP) = P15,000 Remaining payment (P)- P1 500 every 3 months for the balance for…
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A: *Answer:
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A: Interest rate = 12 % compounded monthly Monthly rate = 1 % Time = 24 months Payment = monthly
Q: A company sets aside P200,000 at the end of each year for plant expansion. If the fund draws 8%…
A:
Q: A certain end of year cash flows are expected to be P7,000.00 at the end of the 3rd year, P9,000.00…
A: Given: Cash flows: Year 3: P 7000 Year 4= P9000 Year 5: P 11000 year 6: P 13000 Interest rate=15%
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: A company purchases an asset for the P10,000 and plans to keep it for 20 years. what is the value…
A: Given the values: Present value = P10000 Time = 10 years Interest rate = 10%
Q: What is the annual rate of interest (in %) if P732 is earned in 9 months on an investment of…
A: The formula used is: SI=P×R×T100
Q: What is the present worth of a 4 year annuity paying P4, 000 at the beginning of each year, with…
A: Given; Annuity= P4000 n= 4 years interest= 10%
Q: How long will it take for P1,000.00 to amount to P1,346.00 if invested at 6% compounded quarterly?
A: According to the formula of compound interest rate we get: A=P(1+rn)nt Here A=P1,346.00 P=P1,000.00…
Q: What is the future worth of an equal monthly payment series of $2,500 for 43 years, if the interest…
A: In this question we have to find out the future worth with the help of the above information.
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A: The correct answer is given in the second step.
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A: Given that; Loan amount = P 2,659,931 Time = 30 years i = 15% Uniform annuity of payment = P 95000…
Q: Deposit of P1,000 is made at the end of the first year and increases by P 500 for the next following…
A: The deposit made at the end of the first year, A = 1000 Increase in deposit per year, G = 500 Time,…
Q: The optical products division of Panasonic is planning a $3.5 million building expansion for…
A: Future worth of investment = 3.5 Millin $ Interest rate = 16 % compounded quarterly Quarterly rate =…
Q: What is the effective interest rate per 6 months for a nominal interest rate of 12% per year…
A: here we calculate the present worth and effective interest rate by using the given details , so…
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A: The present value of a cash flow relies upon the premium or markdown rate and the time allotment…
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A: We need to find futute value when present value is compounded at the rate of 12% for 10 years.
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A: Given Monthly investment = 3000 Return rate = 7.75 % compounded monthly Monthly rate = 0.6458 %…
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: The parents of a child decided to make annual deposits into a saving account, with the first deposit…
A:
Q: What is the present value of P500,000 to be received 20 years from now, if the principal is invested…
A: P=A(1+R)nwhere P is present value A is future value R is interest rate n is time period
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A: We have, (P) Principal = P 6800 (S.I) Interest = P 1904 (T) Time = 4 years We need to calculate (R)…
Q: Compute the interest for an amount P200,000 for a period of 8 years a. If it was made at a simple…
A: The compound interest would result in the difference between the amount and the principal. The…
Q: How long will it take P1,000 to amount to P1,1346 if invested at 6% compounded quarterly? (NOTE:…
A: Compound Interest can be calculated using the formula A=P(1+i/n)nt A = amount after t years P =…
Q: An investor wishes to deposit an amount of money next year so that at the end of ten years from now…
A: The compound interest refers to a situation whereby interest income corresponding to an…
Q: For your 21st birthday, your grandfather offers you a gift of $1,000 today. However, you have the…
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Q: A series of cash flows are established on an account as listed below. - Payment of P1.325 at the end…
A: We have a set of cash flows: Cash flow of P1.325 at the end of the 2nd, 4th, and 7th year at an…
Q: .A man wishes to provide a fund for his retirement such that from his 60th to 70th birthdays he will…
A: Compound interest is the interest on an advance or store determined in light of both the underlying…
Q: You obtained a loan of $25,000 to finance your home improvement project. Based on monthly…
A: Loan = 25000Interest = 1200
Q: find the solution 4. An annual deposit of P 1,270 is placed on the fund at the end of each year…
A: To find the worth of fund after 9 years we calculate the future value of annuity payments to the…
Q: What amount would have you to be invested today for the future value to be $14000 after 25 years if…
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Q: What is the initial amount of money needed to end up with $12125 in five years if it is invested at…
A: The effective annual interest rate is the real return on a savings account or any interest-paying…
Q: What payment ten years from now is equivalent to P1,000 six years from now if the interest rate in…
A: Let P is the unknown amount 10 year from now. A. Compounded Annually. P/(1+0.15)10 = 1000/(1+0.15)6…
Q: If money is worth 6% compounded annually, what payment 12years from now is equivalent to a payment…
A: Given information is: Interest rate: 6% compounded annually Value of payment after 9 years:…
Q: What is the present worth of 500 dollars deposited at the end of every three months for six years if…
A: Amount deposit = 500 each 3rd year interest rate = 12% compounded semi annually
Q: Deposits of P35,000.00, P48,000.00 and P25,000.00 were made in a savings account eight years, five…
A: Given P1=P35000 , started at 8 year so T=8 P2=P48000 , started at 5 year so T=5 P3=P25000 ,…
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A: To determine the required annual deposits: Effective interest rate: EI=1+compound rate of…
Q: Calculate the equivalent annuity (A) for the 6-year cash-flow shown below assuming an interest rate…
A: Here we calculate the equivalent annuity for this cash flow by using the given information , so…
Q: A coffee maker set is offered for sale for P 15 000 down payment and P 1 500 every 3 months for the…
A: Down payment = P15000 Reoccurring payment = P1500 Time period = every 3 months for 15 months…
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- The APR is stated as 6% compounded monthly.What is the continuously compounded rate? (In otherwords, what APR at continuous compounding has thesame effect?)Addy plans to deposit her annual bonus into a savings account that pays 4% interest compounded annually. The size of her bonus increases by $1000 each year, and the initial bonus amount she will deposit at the end of year 1 is $2500 a) Determine how much will be in the account immediately after the 6th deposit. b) What's the future value if she only plans to deposit her annual bonus for 8 years C) What's the future value if she only plans to deposit her annual bonus for 8 years (the last deposit is at the end of year 8 but also plans to skip the deposits at the end of vears 3 and 6?If you deposit $10658.1 into an account paying 5% annual interest compounded semi-annually, how much money will be in the account after 16 years?
- 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?You want to start saving for your 10 yr old son. If i=6% compounded quarterly, how much would you have to save each month to amount to P120k by the time he is 18 yrs old?Find the annual effective rate of 16% compounded quarterly?
- A credit card company wants your business. If you accept their offer and use their card, they will deposit 1.5% of your monetary transactions into a savings account that will earn a guaranteed 6% per year. If your annual transactions total an average of $23,000, how much will you have in this savings plan after 17 years? Click the icon to view the interest and annuity table for discrete compounding when /= 6% per year. The amount you will have in this savings plan after 17 years equals $(Round to the nearest cent.)How much must I invest today (September 21, 2022) to have P170,000 on January 4, 2024 at 2% compounded quarterly?Kathy is withdrawing $125,409 from an account in which she invested 8 years ago. If the account paid 2-1/2% interest, compounded continuously, how much did she initially deposit?
- What principal will amount to $2500 if invested at 5% interest compounded semiannually for 7.5 years?How long does it take an investment of P300,000 to double if it invested at 10% interest compounded quarterly?What amount will be accumulated by a present investment of P18,200 in 6 years at 3% compounded quarterly?