Exercise:For each of the following problems, show your analysis, solution, and conclusion.1) You bought a home generator set by making a down payment of Php10,000 andmonthly payments Php1,500 for a year. If the hardware store from where you gotthe generator charged you 3% compounded monthly, how much was the cashprice of the generator set?2) You set aside Php2,500 from your salary and deposit it at the end of each monthin a prime savings account that yields 2.5% compounded monthly. If you continuedoing this regularly, how much will be in your savings account at the end of twoand a half years?3) You bought a new refrigerator worth Php16,000 from an appliance store thatallowed you to make four quarterly payments for it. If the store charges 6%compounded monthly for items NOT bought with a down payment, how much isyour quarterly payment?4) A year from now, you wish to buy a scooter motorcycle with a projected cost ofPhp70,000. To save up for that amount, you make monthly deposits in an accountthat gives 1.85% compounded monthly. Find the size of your monthly deposit.

Present value is the concept that states an amount of money today is worth more than that same…

1) You bought a home generator set by making a down payment of Php10,000 and monthly payments Php1,500 for a year. If the hardware store from where you got the generator charged you 3% compounded monthly, how much was the cash price of the generator set? 2) You set aside Php2,500 from your salary and deposit it at the end of each month in a prime savings account that yields 2.5% compounded monthly. If you continue

1) You bought a home generator set by making a down payment of Php10,000 and monthly payments Php1,500 for a year. If the hardware store from where you got the generator charged you 3% compounded monthly, how much was the cash price of the generator set? 2) You set aside Php2,500 from your salary and deposit it at the end of each month in a prime savings account that yields 2.5% compounded monthly. If you continue

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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