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13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? b. 3, 188.00 d. 1,000,000.00 a. 3, 166.07 c. 70.000,00

13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? b. 3, 188.00 d. 1,000,000.00 a. 3, 166.07 c. 70.000,00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Answer question number 13, 14, and 15.
13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? a. 3, 166.07 c. 70,000.00 14. A working students saves P1,000 monthly in a bank that pays 0.25% compounded every quarter. How much will her savings be after 4 years? a. 4,000.22 c. 16,775.22 15. Company A offers P20,000 down payment and a P200,000 lump sum payment after 3 years from now. Company B offers P200,000 down payment plus 10,000 quarterly for 3 years. Compare the fair market value of the two offers assuming that money is worth 10% compounded annually. Which offer has a higher fair market value? Let the focal date be t = 0.er dotw o a. Company A has a higher fair market value. b. Company A has a lower fair market value. c. Both companies have the same fair market value. d. Company B has a higher fair market value. b. 3, 188.00 d. 1,000,000.00 b. 16,075.22 d. 104.83 %3D unns bene owolot eogab virin N0 eveg teri 000 T lo
Transcribed Image Text:13. How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if money is at 7% compounded quarterly? a. 3, 166.07 c. 70,000.00 14. A working students saves P1,000 monthly in a bank that pays 0.25% compounded every quarter. How much will her savings be after 4 years? a. 4,000.22 c. 16,775.22 15. Company A offers P20,000 down payment and a P200,000 lump sum payment after 3 years from now. Company B offers P200,000 down payment plus 10,000 quarterly for 3 years. Compare the fair market value of the two offers assuming that money is worth 10% compounded annually. Which offer has a higher fair market value? Let the focal date be t = 0.er dotw o a. Company A has a higher fair market value. b. Company A has a lower fair market value. c. Both companies have the same fair market value. d. Company B has a higher fair market value. b. 3, 188.00 d. 1,000,000.00 b. 16,075.22 d. 104.83 %3D unns bene owolot eogab virin N0 eveg teri 000 T lo
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