A contractor bought a concrete mixer at P 140,000 if paid in cash. The mixer may also be purchased by installment to be paid within 5 years. If money is worth 8% compounded annually, what is the amount of each annual payments made at the end of each year if paid in installment up to the end of 5 years?

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: Determine the value of an account after 10 years if a principal amount of 11000 was deposited with…

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Q: To buy a house in Auckland, Mr Lim took a loan of $500 000 from a bank which chargers compound…

A: Loan Amount  = P0 = $500,000 Interest Rate , r  = 0.013 Loan term = n = 10 years The CI is…

Q: monthly

A: Please refer to the image below

Q: Calculate the dividends paid to a shareholder who has 400 shares of a stock that is paying an annual…

A: The dividends paid will be calculated by the formula, Dividends paid= Annual dividend per share *…

Q: prder to accumulate enough money for a down payment on a house, a c ch money will be in the account…

A: Introduction: The formula of the annuity is given by, A=R·1+rnnt-1rn Where r is the interest rate, t…

Q: loan of P200000 is to be repaid in full after 3years.If the interest rate is 8percent per annum.how…

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Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: Accumulate ₱54,000 at 11.75% interest when compounded quarterly for 4 years and 4 months.

A: Solution

Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

Q: A Food Marketing Institute found that 28% of households spend more than $125 a week on groceries.…

A: given data  p (spend more than $125) = p = 0.28 n = 235 P(p^<0.31) = ?

Q: Pedro d. Magulabtang wants to have an amount of ₱750,000 at the end of 5 years and 9 months for now.…

A: Future value of ordinary annuity FV=R1+in-1i where R is regular deposit i is periodic interest rate…

Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

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Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7%…

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Q: Find the amount of money owed at the end of 5 years if $60,000 is borrowed at 7% per year compounded…

A: Here we have to find amount of money at the end of 5 years if money borrowed is $60, 000 at 7% rate…

Q: Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period…

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Q: rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772 after 5…

A: Given that rohani buys a washing machine by paying a RM 400 deposit and paying the balance RM 1772…

Q: Johnson placed $15,000 into his credit union account paying 7% compounded semiannullay. How much…

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Q: Mr. Rashid borrowed Rs. 20000 from Habib Bank to be paid back after 3 years at 6% per annum…

A: Calculate Amount and interest paid

Q: If you were to lend Rs. 1,500,000 for five years and charged 19%. Calculate your return in each…

A: Note: It is assumed that the charged amount is the simple interest. The simple interest, I, is…

Q: What is the purchase price on a car that has a $318 monthly payment for 4 years, financed at 5% per…

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Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

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Q: How long will it take borrower to diminiy₱198,480 if a lender charges 15.65% monthly and monthly…

A: loan amortization formula A=Pr(1+r)n(1+r)n-1 where A is periodic payment P is loan amount r is…