13: At 12% of annual interest, if the present value of a perpetuity of Rs. 'R' payable at the beginning of each 4-month period is 3,38,000 Rs then what will be the value of R?
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- 16. a. What do understand by 'amortization‘?b. Against a house, mortgage loan is obtained for Rs. 10,00,000 for 15 years and at annual interest of 12%. What is the annual payment?10. How much must you deposit in a 6% compounded quarterly, 6 year CD, in order to have $30,000 at maturity?1. What present sum is equivalent to a series of P1,000 annual end-of-year payments, if a total of 20 payments are made and interest is 12%.
- What is the future value of a perpetuity paying 100 anually/? Assume 10% interest rate and cash flows at the end of each period?Find the simple interest on RM68,000 at 16 2/3% per annum for a period of 9 months?what;s the present value of perpetuity that pays % 1, 563 per year if the appropriate interest rate is 6.8% ?
- 13. What amount of money deposited 25 years ago at 10% interest would now provide a perpetual payment of P5,000.00 per annum? 4,900.80 4,614.80 3,997.25 14. How long in years would it take P6,000 to become P10,000 if placed in a time deposit which gives 4% compounded quarterly? 12.83 11.45 10 12A loan of P50,000 is to be amortized by paying quarterly in 1 year. If money is worth 10% compounded quarterly, how much is the monthly installment? a. P13,648.90 b. P11,589.57 c. P12.765.50 d. P13,290.892. $4200 is invested for 9 months at an annual simple interest rate of 12%. How much interest will be earned? Round youranswer to the nearest cent, if necessary