16.) A S10, 000 Treasury Bill earned 16% compounded monthly. If the bill matured in 2 years, what was it worth at maturity? m-12 P-S I0,

Q: CBG pays 10 percent per annum simple interest on its savings account balances, GCB pays 8 percent…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: What is the future equivalent at EOY 8 of $5,000 annual payments made at the beginning of each year…

A: N = 8 years Annual Payment (PMT) = 5000 Beginning of year payments Rate (r) = 7%

Q: 7. AP150,000 loan is to be paid as follows: P 10,000/month Final payment If the annual rate of…

A: Loan amount = P 150,000 First 10 monthly payment = P 10000 Annual interest rate = 12% Monthly…

Q: Loan Rp. 1,000,000,000 is subject to 15% annual interest and must be returned in uniform annual…

A: Given: Initial Loan amount = 1,000,000,000 Annual interest rate = 15% Number of years = 10 Since,…

Q: Calculate what $900 would grow to at 6% per year compounded daily for 5 years. (Use the Table 12.2.)…

A: Concept. Interest is earned on  amount of deposit made.

Q: What lump sum of money must be deposited in a bank account at present time so that P 500 monthly can…

A: An annuity is a sequence of payments or deposits occurring at equal intervals of time for a given…

Q: A business valued at $100,000 is purchased for a down payment of 30% and payments of 3000 at the end…

A: Given The amount of business is $100,000 Rate of interest is 10% compounded monthly

Q: 4. A certain company sells engines worth P1,000,000 cash. If paid on installment basis, requires a…

A: We need use loan amortization formula(PV of annuity) to calculate loan amount PV =PMT1-1(1+i)ni…

Q: 1. A P300,000 loan is to be paid as follows: P 10,000/month month 1st month to 10th P20,000/month.…

A: Loan amount = P 300000 Interest rate (r) = 12% per annum = 1% per month 1st to 10th month: P 10000…

Q: 3. The price of a certain item is P1,000, payable in O days but if paid in 30 days there will be a…

A: Formula: Simple Interest = Principle X Rate X Time/365 days

Q: Bank A pays 10% interest compounded annually on deposits, while Bank B pays 9% compounded daily.…

A: Bank A interest = 10% annually compounded Bank B interest = 9% daily compounded (365 days of…

Q: 25. Y deposits P 50,000 in a bank compounded annually at 10% interest, how much is the future value…

A: The amount deposited in the bank = P 50000 I= Interest = 10% compounding annually n = period = 2…

Q: 16. What monthly payments are required to acquire $50,000.00 in five years if the interest is…

A: Using PMT function in excel

Q: How much interest is earned in 5 years on P50,000 deposited in a bank paying 3% interest per annum,…

A: Compound Interest = P(1+r/n)^nt - PWhere P = Principal = P50,000R = Rate on interest = 3%N = number…

Q: 21. A consumer loan of P35,000 is to be paid in 36 months at 10% compounded monthly. What isthe…

A: Present value is the sum of money that must be invested to achieve a specific future goal. Future…

Q: Suppose you have been hired as a financial consultant to Defense Electronics, Incorporated (DEI), a…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: a) How many payments will Locust Inc. have to make? b) How much interest is included in the 16th…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: A6) Finance If $150 is placed in an account that earns a nominal annual interest rate of 6 percent,…

A: To calculate the future value we will use the below formula   Future value = P*[1+(r/m)]t*m Where P…

Q: What is the FV of $1,000 in 15 years if it earns an annual rate of 9.5% quarterly compounded?…

A: FV means future value. It is the compounded value of a sum of money invested today. Money invested…

Q: What will a deposit of $2500 at 7.8% compounded semiannually be worth if left in the bank for six…

A: Formula for Future Value FV=PVx(1+r/2)nxt Where, FV = Future Value PV = Present Value r = rate of…

Q: 10. How much must you deposit in a 6% compounded quarterly, 6 year CD, in order to have $30,000 at…

A: Step 1:We have to calculate the amount to be deposited today. It means we have to calculate the…

Q: 10. Each year a single payment of P5000 is deposited in an account that earns 16% compounded…

A: Annual payment (P) = P5000 Interest rate (i) = 16% Number of payments (n) = 5 Mathematics constant…

Q: A one million peso loan is to be paid annually at an interest rate of 8.00% pa compounded monthly.…

A: Loan amount (L) = P 1 million Interest rate = 8% compounded monthly. We need to find the annual rate…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: Working note:

Q: Assuming an interest rate of 10%, how much (rounded to nearest dollar) will need to be deposited in…

A: Annual deposit = Accumulated saving at the end of 8th year / Future value factor at 10%, 8 years

Q: 9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How mi $1500…

A: Note : As per the guidelines, only first question will be answered. Kindly post the remaining parts…

Q: If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: need $20,000 five years from now. The account pays 9% compounded annually. If you can receive…

A: Present value is the equivalent value today of the future cash flow based on the time and interest…

Q: Monthly payments of P800 each are used to settle a loan for 8 months at 8% compounded monthly. Find…

A: Monthly payment (P) = P 800 Interest rate = 8% Monthly interest rate (r) = 8%/12 =…

Q: A man made a year-end payment of P100, 000 to an account earning 7% annually   for 10 years. How…

A: Here, Annual Payment = P100,000 Interest rate =7% Total no. of payments = 10 years  Total no. of…

Q: An air conditioner is for sale at P20,000 in cash or on terms, P1,650 each month for the next 18…

A: Given,  The sale price is P20,000. Payment is P1650 for each month is 6% compounded monthly Number…

Q: A debt of $9000 is to be amortized with 8 equal semiannual payments. If the interest rate is 10%,…

A: For loan amortization, we can use the following formula PMT =(PV*i)/[1-1/(1+i)n] Where PMT =…

Q: If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5%…

A: Quaterly deposit is $1000 Time period is 15 years Interest rate is 1.5%   To Find: Future Value

Q: What amount of money will accumulate to $8193.9 in 94 days at an interest rate of 3.5% p.a.?

A: Present Value :— It is the value of future money at present day.   Present Value = Future…

Q: 1) what is the discount yield on a 9-month T-bill sold for RM925, assuming there are 365 days in a…

A: T bill are sold at discount to face value the discount rate is YEILD on T bills.

Q: Consider a project with an initial investment of $300,000, which must befinanced at an interest rate…

A: Repayment schedule with repayment of equal principal every year is shown below: Formulation is…

Q: What is the FV of $1,000 in 15 years if it earns an annual rate of 9.5% monthly compounded? O…

A: FV means future value. It is the compounded value of a sum of money invested today. Money invested…

Q: You deposit $3500 in an account earning 2% interest compounded quarterly. How much will you have in…

A: Deposit amount (P) = $3500 Interest rate = 2% Quarterly interest rate (r) = 2%/4 = 0.50% Period = 18…

Q: a man brought equipment worth P124,587 payable in 15 quarterly payments, each installment payable at…

A: Mortgage/ Borrowings:  Borrowings represent the amount of credit provided by the lender to the…

Q: 9. A company borrows 1,000,000 at an annual effective discount rate of 4%. The loan is to be repaid…

A: We need to find the final payment on the borrowing as per the given information. The final payment…