1. Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter that Pedro's money shall earn monthly compounded interest. If the prevailing interest rate of the Institution M is 8 % compounded yearly, how much will the value of his deposit be after 14 months?

Q: Roland just put RM1,000 in the fixed deposit and intend to leave it there for 10 years. If the bank…

A: Formula Future value = PV*(1+(i/c))n*c Where PV = Present value i.e. RM1,000 i = Interest rate i.e.…

Q: decided to deposit ISK 200, 000. deposit into a bank account, annually, for the next 5 years, which…

A: Annual deposit=ISK 200000Interest rate for 2 years=8%Interest rate for 3 years=6%

Q: A man decides to deposit a certain amount of money on his son's 10th birthday, which will be…

A: As per Fisher's Method,  (1+i) = Real compounding rate (1+r) = Bank pays Annual Compound Rate (1+π)…

Q: Ms. Aay is considering to deposit $500 every six months, and would receive interest at an annual…

A: Semi annual deposit (P) = $ 500 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…

Q: Mr. Santos will deposit P10, 000 at the ABC bank at the end of each quarter for 2 years. If the bank…

A: Future value of an annuity can be computed by compounding each amount by using an appropriate…

Q: Pedro bought a new car today from Barboncito Motors.  The former proposed to pay the latter the…

A: EMI or monthly mortgage payments are the fixed amount paid by the borrower to the lender that…

Q: vails the loan offered by his company with a minimal interest of 1.5% every 6 months. He borrows…

A: Loan is an agreement between two people where one lends a sum of money and the other borrows. The…

Q: Mr. Cama borrowed one million pesos from a bank to buy a house which he would pay in 15 years. How…

A: Calculation of monthly payment to be paid on the loan if compounded annually::: Cost of the…

Q: Carlo paid P 13,500 after two years to fully pay his loan that costs P 10,000. What is the interest…

A: Loan to be repaid on maturity = C* ( 1+i)n Where C is the amount of loan borrowed  i is the periodic…

Q: In order to have 95.000€ in 20 years, mrs Rossi decides to deposit an annual constant ordinary…

A: Constant Ordinary instalment is also known as Equated monthly instalment, is a debt instalment that…

Q: Pascal has recently opened an RRSP. He plans to deposit $ 965 at the end of every month for 20…

A: Here,Monthly Deposit $         965.00Time Period in Years20Nominal Rate5.90%Compounding Period (Semi…

Q: A man was offered a bank certificate with a face value of ₱200,000 which is bearing interest of 9%…

A: Amount payable for certificated is the sum of present value of cash flows from the certificate which…

Q: A man deposits her annual bonus into a savings account that pays 8% interest compoundedannually. The…

A: In this question we need to calculate the amount in the saving account immediately after the fifth…

Q: d. Using information from (la) only, what quarterly compounded interest rate should the bank quote…

A: The effective annual interest rate (EAR) is defined as the annual growth rate that takes compounding…

Q: An accountant is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A: The present value means the present value of the payment of the future. It generally tells us what…

Q: How much final amount would Emmanuel receives if he invests P250,000 for 1 year and 6 months at 12%…

A: A = P x n x r where, P= Principal Amount n= number of periods r= rate of interest   Notes: Since you…

Q: Joella invested RM5,000 in an interest-bearing promissory note earning an 8% annual rate of interest…

A: Following is the answer to the question

Q: Mr CJ needs a financial product to provide cash in the future: R10 000 at the end of the first year;…

A: Cash payment today is present value of future cash flow that is to be received in the future that is…

Q: 4. Suppose Ken invested $1 million in an ordinary annuity that earned 4.25%. a. How much would he…

A: We will solve this question with the help of PMT function in excel where,   rate- Interest rate…

Q: ____ value refers to the total value of the deposit after 7 years. Select one: a. principal b.…

A: The term Principal refers to amount deposited today. The term compound refers to ability of…

Q: What amount is needed to invest today by a man if he wants to receive a quarterly cash out of Php…

A: Quarterly payment (P) = Php 49,623 Period = 7  Years Quarterly payments (n) = 7*4 = 28 Interest rate…

Q: Lorena's Cart took out a loan from the bank today for $245,600.00. The loan requires Lorena's Cart…

A: A loan refers to a contract between two parties where money is forwarded by one party to the other…

Q: Pedro deposits four installments in his savings account as follows: BRL 2500 initial deposit…

A: concept. FV = A (1+r)n FV = future value A= deposit amount r= interest rate n= time period.

Q: Mary deposits her P500,000 in a saving bank that gives nominal interest if P9.4% compounded…

A: Time value of money (TVM) is a concept which states that the money today has more worth than the…

Q: Mr. Bee will deposit $1,000 every year, earning interest rate of 7% compounded annually, the first…

A: Compound interest is the additional payment on a loan or deposit that is computed using both the…

Q: If Rita receives $41.64 interest for a deposit earning 7% simple interest for 170 days, what is the…

A: The simple interest method is one of the easiest methods of calculating interest. Under the simple…

Q: A man wishes his son to receive P632.147 fifteen years from now at three different interest rates.…

A: Present value, in case of multiple interest rates, can be calculated as: = Future Value/…

Q: If you deposit OMR 29173 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: The future value of money is the worth value of invested amount after one or more years at a…

Q: What would be the amount of Peter's deposit today if he put in P1.0 million in a bank three and a…

A: Future value is the value of the current assets or some amount that is invested today and amount…

Q: Pedro bought a new car today from Barboncito Motors. The former proposed to pay the latter the…

A: Concept. FV = A [(1+r)n - 1 ]r where , FV = future value of annuity A= amount deposited r= interest…

Q: Mr. Espinoza's debt of P160,000 is amortized by making equal payments at the end of every three…

A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…

Q: Vilma wants to have P350,000 at the end of 5 years by making a regular deposit at the end of each…

A: Compounded Interest  The interest charged on the interest earned is called compound interest. It is…