Answered: 6. Alvin plans to buy a car, payable in…

6. Alvin plans to buy a car, payable in 8 years. He made a monthly deposit of P5,000 in compounded monthly. Find the amount of deposit at the end of 8 years. Banco Filipinas at 9%

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 2STP

See similar textbooks

Related questions

Q: where is the excel sheet ,so i can see how you get the answer. I want to see the workings please

A: Excel Workings are provided in the solution in the form of Excel snip. One can use the formula…

Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…

A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…

Q: When should you use Power Pivot?

A: While a) When you want to clean, shape, and transform data is true to some extent, Power Pivot…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: Is there a way to set this up in Excel, please?

A: Face Value $ 1,000.00 Time Period (Years) 10 Price of Bond $ 311.05

Q: Can you show the formulas in the cells please?

A: The question is the threaded question in which the student is asking about formulas.

Q: I need to see the work on this for it to make sense to me, can you show your work please? (The…

A: Monthly Payment = $900 Interest rate = 6% Loan term = 30 years Compounding time = 12 (12 times in a…

Q: I need help with Req 4 and Req 5.

A: Introduction:- CVP analysis is used to identify the changes in costs and volume affect a company's…

Q: lease submit solution step by step without using excel formulas

A: Price of a bond is the present value of coupon payments plus the present value of the par value of…

Q: (d) Calculate the departmental overhead allocation rates, briefly describing the reason for your…

A: Traditional absorption-based costing allocated costs based on a single cost factor which is…

Q: I need the show your work version not excel answer. Please show your work. Thank you

A: Future value of a present amount With present value (PV), interest rate (r) and period (n), the…

Q: I added a photo of the problem

A: Given that: Return on total assets = 16% Average Assets = $57500

Q: Hi, can you help me with this, is hard to understand. Thank you.

A: 1. Allowance for doubtful debt - Allowance for doubtful debt is the account that a company creates…

Q: I need help with answering this spreadsheet

A: Cost of Good manufactured is computed by adding the Material, Labor, and Overhead costs incurred…

Q: I need to see the equation used to calculate this for it to make sense to me. Can you please show…

A: A mortgage is a loan for a specific amount of money, and mortgage payments are the repayments of…

Q: Can you also use a TVM calculator?

A: Solution:- When an equal amount is saved each period at end of period, it is called ordinary…

Q: Can you solve using excel and explain the formulas more in depth?

A: Here,Market Cap is 300 billion pesoNext Year FCF is 9.6 billion pesoGrowth Rate is 8.60%

Q: can you show formulas used to solve this problem?

A: The concept of the time value of money determines that the worth of money gets depreciated over a…

Q: you!

A: The original question deals with preparation of amortisation schedule.

Q: I need help trying to figure out where these go.

A: Petty Cash is the small sum of money maintained by the organisation seperate from Cash to meet small…

Q: Could you please provide the solution without using the excel?

A: concept. Formula. 1. F = S * ert where , F= future price. S= spot price r= interest rate t= time…

Q: SPS. Kate has put a lot of time and effort into streamlining the process to design and produce a…

A: answers 1. Advantage of offering credit:- a) It is a better tool for increase in sale volume. It may…

Q: Summarize what are the MACRS guidelines?

A: The MACRS (Modified Accelerated Cost Recovery System) is the current tax depreciation system in the…

Q: Match the two lists, below, by placing the capital letter from List 1 in each of the cells preceding…

A: Control Environment A control environment is made up of the standards, policies, procedures, and…

Q: Problem. The WHN Company is going to introduce one of the three new products: a widget, a hummer, or…

A: Decision tree helps in analyzing the outcomes of different projects. It helps in comparing the…

Q: Expert system algorithms learr ingesting vast amounts of data

A: Expert system algorithms, such as those based on machine learning and deep learning, learn by…

Q: Please also do parts 4 and 5 while showing work so that way I can understand better. Thank you.

A: Solution 4: No, we would not recommend closing the North Store as there is net financial…

Q: Identify special issues related to LIFO.

A: LIFO (Last in First out): In this method, the units bought last are sold first. In other words, in…

Q: Please respond via a memo on your thoughts of the GAAP article bellow:

A: Accounting Principles- Accounting principles are the principles that are to be followed by an…

Q: AN I SEE THE MANUAL WORKING OF THE PROBLEM

A: The future value of the annuity includes the amount that is being deposited over the years and…

Question

Please took a picture pls so that i can see the proper format for the solution. Thanks.

6. Alvin plans to buy a car, payable in 8
years. He made a monthly deposit of
P5,000 in
ET
compounded monthly. Find the amount
of deposit at the end of 8 years.
Banco Filipinas at 9%

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

4-25. Your parents make 25 equal annual deposits of $1,000 each into a bank account earning 4% interest per year. The first deposit will be made one year from today. How much money can be withdrawn from this account immediately after the 25th deposit? (4.7) Q. 4-25 immediately after 25th deposit
An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per year (payable at the end of each year). He leaves the money and all accrued interest in the account for 7 years. How much will he have at the end of the 7 years?
A rich man deposits money at a bank with 17.17% interest compounded annually 7 years ago. After that, he uses this money as his retirement fund, receiving 103,832.11 pesos monthly 152 times at the start of each month. Find the amount of 7 years after the initial deposit.OWN WORK PLEASE FOR UPVOTE
Mr. Jerome has an outstanding balance of $12000 on his credit card. The interest rate on the card is 12% he intends to pay off the card in 2 years. Find the APR on the card.
4. You deposit $450 at the end of every month for four years, at a nominal annual rate of 8.5% compounded monthly. Calculate the amount in your bank account after four years. 5. At the age of 35 John began contributing 10,500 Php every month to a retirement fund. If his money earns interest at a nominal annual rate of12%, compounded monthly, how long does he have to make these payments if he wants his retirement fund to be 450,000 Php in the end?
Raghubhai
A man deposited GH¢14100.00 at 8 % per annum compound interest. If at the end of 4 years, he transfers the total amount to another bank" offering 12% còmpóund interest per annum; a) how much interest did he get at the end of 7 years. b) calculate the total amount he received at the end of seven years.
Pete opens a simple intrest savings account that earns 5% annual interst with an intial deposit of $3,500. What will the balance be in his savings account at the end of 18 months?
Isaiah wants to have $50,000 after six years in an account by making one single deposit. The account is compunded continuously at a rate of 5%. What intial deposit does he need to make?
Imelda opens a savings account with $12,000, which pays an annual interest rate of 7.8%. If she reinvests the generated interest every month and also deposits $2,300 each month, how much will be in the account after 2 years? The interest is reinvested on the same day as the $2,300 deposit. Otions: 69177.89 71052.15 73548.61 70524.79
At the beginning of your freshman year, your favorite aunt and uncle deposit $10,000 intoa 4-year bank certificate of deposit (CD) that pays 5% annual interest. You will receive themoney in the account (including the accumulated interest) if you graduate with honors in4 years. How much will there be in the account after 4 years?
Use the appropriate formula located on Illustration 10-1 on page 209 to solve the problem. Bob deposits $5000 at the end of each 6 months for 14 years in an account paying 6% interest compounded semiannually A) Find the amount he will have on deposit at maturity. B) How much interest did Bob earn? Hint: Find the total amount that was deposited by multiplying the total number deposits with amount of each deposit and then subtracting this from the future value. Show the use of the appropriate formulas for each part by indicating the evaluation of the formula with information and provide the answers. Be sure to parts using the provided letters and organize your work neatly.