7 8 9. 10 EOY 20 21 22 23 24 25 26 27 28 29 30 CF $300 A deposit was made at the EOY 2021, as shown in the CF table above. Five equal withdrawals are to be made, starting at the EOY 26, that will deplete the account. If the interest rate is 6% compounded annually, what is the amount of these future withdrawals? 4-

Q: 8. An amount of P 5000 is deposited iin a bank paying an annual interest rate of 3.1% compounded…

A: The future value is the amount that will be received at the end of a certain period. In simple…

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: ques 7

A: PV=PMTr1−(1+r)−n​PV (present value of the loan)PMT (annual payment)n (number of payments)r (interest…

Q: A loan is offered with monthly payments and a 14.25 percent APR. What’s the loan’s effective annual…

A: Annual rate (r) = 0.1425 or 14.25% Number of compounding (n) = 12 EAR = ?

Q: 1. A bank deposit of P10, 000 has a real value of P12,136.30 after 3 years. What is its actual…

A: Real value after 3 years = P 12,136.30 Inflation rate = 5% Period = 3 Years

Q: If you deposit $500 in a bank account today that earns 3% interest and you deposit $20 per month…

A: The future value of a present sum of money after n periods is given by the formula Future…

Q: The Banco de Oro (BDO) offers an annual interest of 8% to every P255,000 savings and is compounded…

A: Time (t) Principal (P) Interest Rate Compound Interest Maturity Value       answer   5 255000…

Q: Future values For each of the cases shown in the following table, calculate the future value of the…

A: Note: Since the specific subparts of the question have been asked, we will solve only these specific…

Q: rest rat

A: Introduction: To solve this problem, first we have to calculate the present value of the quarterly…

Q: D. A man deposits P50, 000 in a bank account at 6% compounded monthly for 5 years. If the inflation…

A: Future value- Future value is the estimated value of an asset in the future, taking into account a…

Q: Question 5 3. 1 3 4 EOY 6. 7 8. 9. 10 20 21 22 23 24 25 26 27 28 29 30 CF $300 A2 Аз A4 As Five…

A: This can be considered as a case of decreasing annuity in which the annuity amount is declining by…

Q: a. A bank must collect to a man from his debt a sum of ₱10,000.00 at the end of 8 years. The debt is…

A: Because you have posted multiple questions, we will answer the first question only, for the…

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: ₱1000.00 becomes ₱1500.00 after 5 years when it is compounded semi-monthly. Determine (a) the…

A: Thank you for posting questions. Since you have posted multiple questions, as per the guideline I am…

Q: How much is the principal invested in the bank since a certain amount of money deposited in the bank…

A: Given Number of years (T) = 2 Interest rate (R) = 30% Interest for 2 years = 6,000

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: TVM refers to the concept that considers the effect of the interest-earning capacity of money, which…

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: What is the APR quote for this account based on semiannual compounding? The APR quote for the…

A: EAR refers to effective annual rate.   APR refers to annual percentage rate.   EAR takes into…

Q: 4. ΕΟΥ CF 0 20 1 21 $300 2 22 3 23 4 24 5 25 6 7 8 26 27 ? ? 9 28 29 ? ? 10 30 ? A deposit was made…

A: Future Value (FV): Future Value refers to the value of an asset or liability at a specified date in…

Q: please show solutions and answer only letters A,B,C

A: In finance, the future value is maturity or terminal value for a current invested amount that is…

Q: ment to

A: will reflect all the payments of annuity for 10 years (10*12=120 times) for the yearly interest rate…

Q: 10. Jade paid P10,400 on May 13, 2011 for his loan of P9,000 made on a certain date. The simple…

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

Q: Hanzalah took a loan of RMx from Bank ABC at interest rate of 4.5% compounded monthly. After 10…

A: A loan is a debt amount borrowed by one person from another person at a pre-determined interest…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 4months and 25days. Find the…

A: Simple interest is an interest calculated on the principal portion of a loan or original…

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A: Present value of any deposit is the discounted value of each intermediary and terminal value.

Q: If a present loan of P80,000 is required to be settled in 8 years’ time, what should be the…

A: Loan = 80,000 Time Period = 8 years Interest rate = 8% compounded continuously End of year payments…

Q: Directions: Identify if the problem involves simple interest or compound interest. Then, solve the…

A: The simple interest implies the interest levied on the principal amount only. The formula of the…

Q: 4- Bank America offers a stated annual interest rate of 5.0 percent, compounded quarterly, while…

A: To understand in which bank you should deposit your money, we need to calculate Effective interest…

Q: Your bank offers you a new savings account that earns a 20% annual percentage rate (nominal interest…

A: An effective interest rate is defined as an interest rate, which is applied on loan or financial…

Q: 2. A bank loan of P6,000,000 charged at 9.65% pa compounded quarterly, is to be paid in 10 equal…

A: First we need to calculate effective annual interest rate Effective annual interest rate =1+inn -1…

Q: You deposit $ 70,565 in your account today. You make another deposit at t = 1 of $ 51,167 . How much…

A: Time value of money is one of important concept being used in finance. As per this concept, a dollar…

Q: What is the effective interest rate of a simple discount note for $27,100, at an ordinary bank…

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Q: May I ask for an explanation and solution to the question for a better understanding. Thank you!…

A: The money that should be invested by the investor is the present value of the required amount in CD…

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Present value is the equivalent value of future money today based on time value of money and period…

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A: Simple Interest: When at the time of returning the loan to the bank, we have to pay back an amount…

Q: Use PMT= PA to determine the regular payment amount, rounded to the nearest dollar. Your credit card…

A: When the lender lends a loan to the borrower for a certain time period, he charges the rate of…

Q: What annual interest rate do you need to find in order for a deposit of $500 to grow to $1,685 in 13…

A: Compound interest is a financial concept that involves the calculation of interest not just on the…

Q: Use PMT= 1 - ( ₁ + - - - n to determine the regular payment amount, rounded to nt the nearest…

A: Given, The credit card balance is $5,600 Rate is 18% Term is 3 years