5. (20 points) Mixed-payment series. How much do you have to deposit now (with a second deposit in the amount of $600 at the end of the first year) so that you will be able to withdraw $250 at the end of the second year through the fourth year, and $500 at the end of the fifth and sixth year, if the bank pays you 4% annual interest on your balance? Method: Formulas. Create a cash flow diagram for this problem.

What are the functions of financial module? Why is it consider as the General Ledger Module?

Please solve the below problem as soon as possible

TOPIC: ANNUITY Specific Instructions: Solve each problem NEATLY and SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places. 1. A factory operator bought a diesel generator set for Php 12, 500 and agreed to pay the dealer a uniform sum at the end of each year for 4 years at 5 % interest compounded annually, that the final payment will cancel the debt for principal & interest. what is the annual payment? 2. What is the present worth of Php 250 annuity starting at the end of 3rd year and continuing in the end of 4th year, if the annual rate is 5 %?

You deposit $6,000 in an account earning 2% interest compounded monthly. How much will you have in the account in 10 years?

Cash flow; classify the following in the perspective of a business/individual owner.   cash in flow cash out flow   1. permits 2.retail sales 3.rents 4.business loan 5.fare 6.water bill 7.salary 8.taxes 9.own professional fee 10.electric bill

Factoring of accounts receivable typically is the highest cost method of short-term financing.; True or False

Identification. Write the correct answer in each statement. 1. A check merely drawn and recorded but not given to the payee before the end of the reporting period. 2. A check drawn, recorded, and already given to the payee but it bears a date subsequent to the end of reporting period.3. Two accounts having equal or same balances that when one account is debited, the other account is credited or vice versa. 4. These are items not representing deposits credited by the bank to the account of the depositor but not yet recorded by the depositor as cash receipts.5. These are checks deposited but returned by the bank because of insufficiency of fund.6. Examples of these are bank service charges, technically defective checks, and NSF checks.7. A document prepared by the bank detailing the transaction history of the account over the reporting period.8. A document or instrument evidencing time deposit.9. A bank account where the depositor is given a passbook upon the initial deposit.10. A bank…

One of your customers is delinquent on hisaccounts payable balance. You’ve mutually agreed to a repayment schedule of $700per month. You will charge 1.3 percent per month interest on the overdue balance. Ifthe current balance is $21,500, how long will it take for the account to be paid off ?

Mr. Appoh has operated a satisfactory account with your branch for a period of 6 years. He is a 40-year old mechanical engineer who runs a professional office engaged in considering and contacting work for the TDC, Tema, as well as for the private sector. Today Mr. Appoh calls to discuss with you his housing mortgage loan matter under your bank's mortgage loan scheme for private house ownership. For the discussion, he had produced a contractor’s estimate of the cost of a private house he plans to build. The cost of the house was estimated at GHȼ30million. He says he has been allocated a plot of land at Tema and he has been given all the necessary documents. He is applying for a mortgage loan of GHȼ20million repayable within a period of 10 years. He has in his house ownership savings account a total of GHȼ16million, more than the minimum savings required of beneficiaries under the scheme. You are prepared to help him. Your bank takes a legal mortgage of the property concerned. Required:…