4. A businessman wishes to raise P1.5 million in five years by investing a fixed amount of money every end of the year for three years. What is the required investment using an interest rate of 8%? A. P635,740 B. P547,630 C. P475,360 D. P396,134

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A: Future value of single amount invested is computed as follows:-FV= A*(1+r)nwhereFV= future valueA=…

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A: In this question, we will be calculating the sum of the total investment at the time (t) for…

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A: Future Value: It is  the worth  of an asset at a future date based on an assumed pace of growth.

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A: Data given: P=$ 15000 Rate=3.5% (compounded biweekly) Biweekly=52/2 =26

Q: 2. If you invest P25,000 at 8% interest compounded annually, approximately how much money will be in…

A: The future value is the compounded value of an amount of deposit. The future value is calculated…

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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: Given Amount of deposit $2500. rate 8.5% for 20 years.

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A: Annual withdrawal (Annuity) = Investment / PVA of $1

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A: The objective of the question is to find out the amount that can be withdrawn at the beginning of…

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A: Future value of annity , FV = PMT * ((1+r)^n - 1)/r Here,PMT = $3300r = 0.085n=4FV=?

Q: as the Fund manager for bank of Trinidad and Tobago Limited, you are to advise the following two…

A: 2,a) Given: The financial situations of the bank Trinidad and Tobacco are given.

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A: Basic Details: 1. Amount Invested = $10000 2. Annual Cash Flow = $3000 3. Term = 4 Years 4. Interest…

Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.