A debt of P40,000, whose interest rate is 15% compounded semiannually, is to be discharged by a series of 10 semiannual payments, the first payment to be made 6 months after consummation of the loan. The first 6 payments will be P6,000 each, while the remaining 4 payments will be equal and of such amount that the final payment will liquidate the debt. What is the amount of the last 4 payments?

Q: To accumulate a fund of P 80,000 at the end of 10 years, a man will make equal annual deposits in…

A: Given: The future value is = P80,000 Time period = 10 years The interest rate is = 5% compounded…

Q: A bank account pays 4.5% annual interest, compounded monthly. How much must be deposited now so that…

A: Here, given information is: Interest rate (r): 4.5% annually Compounding period (m): 12 (monthly)…

Q: Softco is a software company that sells a patented computer program to businesses. Each business it…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Please solve all three problem I will give you thumbs up.     Problem 1   Mrs. Doe deposits $100…

A: Note: You have uploaded multiple questions at a time. Hence, we shall solve only first one for you.…

Q: You wish to purchase some 25-year-maturity strip bonds with the $11,874 in cash you now have. If…

A: Step 1: Number of bonds=11874/335.81            Number of bonds= 35.35 Step 2: purchase 35 bonds…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A:

Q: If marry put $100,000 into an account that pays 4.5% annual interest, and she plan to withdraw…

A: here we calculate the time when account of Marry will empty by calculating the future value so the…

Q: You deposit $600 today in a savings account that earns 4.75% compounded quarterly and leave the…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: $1150 (1+0.0644) 12 = 2,421,01 25. What is the value of $400 at interest rate of 5.87% after 10…

A: Present value formula:

Q: Consider the following three cash flow series: End of Year Cash Flow Series A Cash Flow Series B…

A: Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and…

Q: 3. An amortization of a debt is in a form of a gradient series of P5,000 on the first years, P4,500…

A: Present value states that an amount of money today is worth more than the same amount in the future.…

Q: Sheridan Service has a line of credit loan with the bank. The initial loan balance was $6000.00.…

A: We have,Initial Loan Balance = $6,000Payment made after 3 months = $2,000Payment made after 8 months…

Q: Given: Receive one payment every 3 months. 15% APR compounded monthly.

A: To calculate the balance in the account after 2 years (8 payments), we can use the formula for the…