4. A man will deposit Php 12 000 at the end of every 6 months for the next 10 years that pays 6% interest compounded quarterly. Find the amount of the annuity at the end of 10 years.
4. A man will deposit Php 12 000 at the end of every 6 months for the next 10 years that pays 6% interest compounded quarterly. Find the amount of the annuity at the end of 10 years.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
General Annuities
I. Solve for A and S given the following:
1. R = Php 3 000, j = 5%, m = 4, t = 5 years, payment interval = 1 month
2. R = Php 10 000, j = 4.5%, m = 12, t = 10 years, payment interval = 3 months
II. Answer the following problems.
3. The buyer of a resort pays Php 10 000 000 in cash and agrees to pay Php 2 500 000 at the end of every six months for 10 years. Assuming that money is worth 6% per year compounded monthly, how much is the equivalent cash value of the resort?
4. A man will deposit Php 12 000 at the end of every 6 months for the next 10 years that pays 6% interest compounded quarterly. Find the amount of the annuity at the end of 10 years.
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