1. Jamie is saving ₱10,000 at the end of each month. How soon can she retire if she wants to have a retirement fund of ₱250,000.00 and interest is 4.36% compounded monthly?

Q: 1. Joshua wants to have Php 250,000 at the bank after4 years in time for his graduation. He plans to…

A: Amount after 4 years = Php250000 Interest rate is 12% compounded monthly.

Q: iv) Use your formula to determine the monthly payments at the beginning of each month on a $15 000…

A: Given: Loan Amount, P = $15000 Interest rate, r = 3% = 0.03 Number of years, t = 3 Number of period,…

Q: If a loan ₱120,000 is to be amortized for 2 years at 12.5% interest compounded monthly, how much is…

A:

Q: 2) It's time to buy a car! You decide on a model with a price of $24,850. With decent credit, you…

A: Solution :- Given Amount = $24850 Borrowed Money = 3.6% compounded monthly for 5 years a) Monthly…

Q: 3. A monthly deposit of P2,000.00 was made at 12% compounded semi annually. How many years will the…

A: Hi, since you have asked multiple questions, we will solve the first question for you. If want any…

Q: Mary wants to accumulate $42,000 in a fund with payments of $2,100 made at the end of every quarter.…

A: We know that the formula is A=P1+rnnt where A=total amount,P=initial principal amount,r=rate of…

Q: A borrower had a loan of $20,000.00 at 6% compounded annually, with 12 annual payments. Suppose the…

A: Given information Loan amount P=$20,000 Interest rate r=6% compounded annually ⇒r=6100=0.06 As loan…

Q: What size payments should occur when $8,000 is borrowed at 8% per year compounded quarterly and the…

A: Given: The present value of the loan, PV=$ 8,000           Number of payment periods, n=8…

Q: The government has set up a fund for physically handicapped persons who are unable to work. A…

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Q: Mr. Geconcillo has a P50,000 loan with interest at 14% compounded monthly due 3 years starting…

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Q: Mr. Dela Cruz obtain a loan for P2,000,000 at the rate of 12% compounded monthly in order to build a…

A: Here we want to calculate monthly cost to clear the loan within 10 years.

Q: For a loan of $14,000 at 4.00% paid monthly over 60 months, how much principal is paid off half-way…

A: It is given thatLoan amount=$14,000Rate of interest per month=4%Time=60months 5yearsTo find:1…

Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

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Q: d) Sofea is saving for the down-payment on a house and plans to buy the house in 3 years. How much…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: A payment of $2,600 is due in 2 years, and $4,000 is due in 4 years. What single payment made today…

A: Given that a payment of $2,600 is due in 2 years, and $4,000 is due in 4 years.

Q: To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?

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Q: u are considering taking out a loan of $20,000 that would be paid back over seven years with monthly…

A: Given: Loan amount = $ 20, 000 Monthly paid amount  = $ 289.30 over 7 years interest rate = 5.7%…

Q: The price of a new car is $20,000 . Assume that an individual makes a down payment of 25 % toward…

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Q: Ava purchased a boat valued at $25,000 on an installment plan requiring equal monthly payment for…

A: Ava purchased a boat valued at $25,000 on an installment plan.The monthly payment is equal for four…

Q: balance on the loan at the end of year 4?

A: We have to find out the balance on the loan at the end of year 4. Loan amount is $495,000 and the…

Q: If you borrowed $12,000 payable in 6 equal annual installments, what would be the principal payment…

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Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

A: As per Bartleby's answering policy, we can answer only one question with a maximum of three subparts…