12% compounded annually to be able to pay the following scholarsh awards: P4000 per yr for the first 5yrs P6000 per yr on the next 3yrs P9000 per yr on the years thereafter. Find the amount of money deposited by the man.

Q: How much can be paid in scholarships at the end of each half-year if ​$210,000 is deposited in a…

A: Interest can provide a range of benefits for investors, particularly those looking for a steady…

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

A: Annual receipt (C) = P 35,000 Number of annual receipts (n) = 18 Interest rate (r) = 3%

Q: man deposit P 1,000 at the end of each month for 3 years at nominal rate 12% compounded monthly.…

A: Here we have to find the future value of the monthly deposits using the concept of time value of…

Q: Derek will deposit $1,994.00 per year for 23.00 years into an account that earns 17.00 %, The first…

A: Future Value (FV) is a financial concept representing the projected value of an investment, series…

Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…

A: Using the Future value function in excel

Q: A deposit of $20,000 is placed in his scholarship fond that earns an annual interest rate of four.…

A: Time value of money is a financial concept which is used to calculate the value of money in present…

Q: What amount would you have if you deposited $2,500 a year for 25 years at 8 percent (compounded…

A: The question is based on the concept of Annuity in Financial Management. Annuity refers to the…

Q: If you deposit $500 per year in an account for six years at 9 percent compounded annually, how much…

A: Data given: Deposit per year=$500 n=6 year Rate=9% p.a. (compounded annually)   Note: Assumed $500…

Q: In five years, P 20,000 will be bedded to pay for a building renovation. In order to generate this…

A: Here we will have to find the future value of the annuity at the end of the 3rd year and then…

Q: Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to…

A: Solution:- When an equal amount is made each period at end of period, it is called ordinary annuity.…

Q: If money is worth 1.07%, determine the present value of perpetuity of P 4.489 pavable annually, with…

A: Inputs Interest Rate = 1.07% Perpetual Amount = 4489 Payments will start at end of 5 years

Q: Find the present value of the following future amount. ​$500,000 at 11​% compounded semiannually for…

A: The present value is the current value of the future cash flows. Present value can be determined by…

Q: Find the amount of each payment to be made into a sinking fund earning 9% compounded monthly to…

A: Data given: A=Amount to be accumulated = $86,000 P= Payment to be made = ? i=interest rate…

Q: o offer scholarships to children of​ employees, a company invests ​$14,000 at the end of every three…

A: Annuity refers to periodic payments that are provided in exchange for a lump sum payment. Annuities…

Q: Naruto deposits P5,000 at the end of every earning 7.50% compounded continuously. Determine the…

A: The future value of an annuity with continuous compounding is the formula that measures the future…

Q: Jaime Bickers invests $4000 at the end of each semiannual period for 8 years. His financial advisor…

A: Calculate the future value as follows:

Q: P25,000 on top of his regular annual deposit. HoW much money can he withdraw from the fund ten years…

A: Time value of money (TVM) is used to measure the value of money at different point of time in the…

Q: To offer scholarships to children of​ employees, a company invests ​$9000 at the end of every three…

A: a. At the end of ten years, the company will have approximately $574,075.59 in scholarship funds. b.…

Q: An inheritance of $400,000 will provide HOW MUCH at the end of each year for the next 20 years, at…

A: Data given:: PV= $400,000 n=20 years i= 7% (compounded annually)     Formula to be used: PV=…

Q: Find the future value (in dollars) of the investment. (Round your answer to the nearest cent.)…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  where, P= annuity amount i.e. $8000 r =rate of…

Q: How much can be paid in scholarship at the beginning of each month if $200000 is deposited in a…

A: The amount to be paid monthly can be calculated from the function of present value of annuity due

Q: An employee is entitled to a 10 yearly grant of 25,000 pesos each starting at the end of the…

A: The current value of grant provided to employee will be the present value of 10 year annuity of…

Q: If money is worth 2.07%, determine the present value of perpetuity of P 4,187 payable annually, with…

A: present value of perpetuity=Arpresent value of lumpsum=future value1+rn where, A=annuity r=rate of…

Q: tained a loan from the bank worth P 400,000.00 payable within 4 years from the time the loan was…

A: The given problem can be solved using PMT function in excel. PMT function computes installment…

Q: A scholarship fund is to be set up to provide monthly scholarships of $600. If the first payment is…

A: The concept of present value indicates that the value of a future amount of money is less than its…

Q: Mr.baban invest Rs.150000 in a scheme for 8 years at 6.5% compounded semi annually. To find gain at…

A: Compound interest is referred as the interest which is calculated on principal amount which involves…

Q: Find the compound amount for the following deposit. $18,000 at 6% compounded semi-annually for 7…

A: Answer  Amount 18000 Year 7 Rate 6% Comounding Semi-Annualy

Q: Deferred Annuity and Annuity Due To pay for a farm, Berti has to make equal payments of P135,900.00…

A: Annuity due is the series of equal payments that are made at the beginning of each of the period.…

Q: To save for graduate​ school, a student invests ​$1470 semiannually in an ordinary annuity with 3%…

A: Annuity is the series of equal cash payments over the period.

Q: Mr. Peabody drove to his bank and deposited $500 at the end of every three months for 15.6 years.…

A: Interest rate = 4.95% compounded semi annuallyThe effective annual rate is The quarterly interest…

Q: Calculate the future sum of $1,000, given that it will be held in the bank for 5 years earning an…

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

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.