A lathe for a machine shop costs P60, 000 if paid in cash, On the installment plan, a purchaser should pay P20, 000 down payment and 10 quarterly instaliments, the due at the end of the first year after purchase. If money is worth 15% compounded quarterly. Problem is all about? a)annuity b)differed c)annuity due

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A: Compounding is the phrase used to explain how the interest that is generated on both the principle…

Q: What is the present worth of Kate’s money if P8000.00 is paid after 3 years? The money is worth 8%…

A: Present worth, otherwise called present value, is a financial idea used to determine the value of a…

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A: Loan amount = 8057 Interest rate = 2 % Monthly rate = 2 / 12 = 0.167% Time = 12 months  Therefore…

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A: Given that, P = 300,000.00 Interest Rate = 12% Time Period = 4 Months When the rate is calculated…

Q: A friend of yours bought a new sports car with a ​$5,000 down payment plus a ​$26,000 car loan that…

A: EMI = [P x R x (1+r)n ]÷[(1+r)n-1] P = principal = $26000 R = interest rate per month = 0.25% n =…

Q: NGINEERING ECONOMICS Mrs. Sayon receives a loan of 200,000 from Mrs. Monte today and will receive…

A: The loan amount = 200000 More loan received at the end of 2 years or the start of 3rd year = 300000…

Q: A debt of P 12,000 with interest of 20% compounded quarterly is to be amortized by equal semi-annual…

A: Solving for the semi annual payment as soon as everything is set for solving we will now transfer…

Q: a) Find the Future Value of an annuity for$1000 paid at the end of each year for 3 years assuming…

A: (a) Annuity = $1,000 Time = 3 years Interest rate = 7% Calculate the future value - Future Value =…

Q: A LOAN OF P30,000.00 WAS TO BE PAID IN 10 EQUAL SEMI -ANNUAL PAYMENTS. THE FIRST PAYMENT IS TO BE…

A: Given ,  Loan Amount = 30000 Compounding & Payment  Periods = 10  Interest Rate = 12%  Firstly…

Q: 4) An engineer takes a loan of 50,000 is to be paid over 10 years with equal monthly payment. The…

A: Nominal interest rate is the interest rate before taking inflation into account, in contrast to real…

Q: How much should be deposited now at 8% compounded annually to take care of the maintenance of a…

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Q: Future Value of an Investment The newly opened Mario's Trattoria is expected to produce a continuous…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first question for you as…

Q: asphalt road requires no upkeep until the end of 3 years when P70,000 will be needed for repairs.…

A: Clear solution given below,

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A: Compound interest is the interest calculated on the initial principal as well as on the accumulated…

Q: Engineering Economics How much monthly deposit into a sinking fund at 8.5% compounded monthly will…

A: The monthly deposits into the sinking fund are made to payoff the certain liabilities in near…

Q: If P10,000 is deposited each year for 9 years, how much annuity can a person get semi-annually from…

A: Given Data, · Cost of money (Interest rate) = 14% = 14/100 = 0.14 · Type of compounding = quarterly…

Q: Miss Pagtalunan owes Mr. Reyes 400,000 due today. Miss Pagtalunan offers to pay the principal plus…

A: Given information,  Principal amount: 400,000 Time period: 3 years Miss Pagtalunan's Interest rate…

Q: uppose you invested a hundred thousand pesos in an account now. After eight years, you withdrew the…

A: Investment Amount = 100,000

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A: The term “instalment” is defined as the equal payment made by the individual who has taken the loan…

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A: Answer: iEff/bimonthly = 14.64% iEff/monthly = 14.55%

Q: Maula-pae Weaks urgently needed $100,000 to pay lawyer-fees after illegally withdrawing a letter,…

A: Amount of Loan = 100,000  i = 15% n = 3 years  Compounding is monthly   To solve find the remaining…

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A: Present value refers to the the current value of a future sum of money or stream of cash flows given…

Q: A man deposits P43,799 each year into his savings account that pays 2% nominal interest compounded…

A: Given that, Present value (PV) = 43,799 Rate of interest (r) = 2% or 0.02 Time period (t) = 5 years

Q: What will be the balance at the end of 5 years for $30,500 now at 10% annual interest, if compound…

A: Future value is the value of current cashflow at future date compounded at specified rate. formula:…

Q: d of year annual deposits of P1270 was placed in a fund starting at the end of 1st year. If money…

A: interest rate = 5 % annual deposit for 10 years = 1270 P

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

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

Q: A man bought an equipment costing P125,000 payable in 12 quarterly payments. Each installment is…

A: Given: Cost of equipment=P125000 Number of quarterly payment=12 Rate of interest=14% To find: Amount…

Q: 8 years ago, a man borrowed P 150,000 from a bank with an interest rate of 8% compounded quarterly…

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A: flow at time t  210,000 (dollars per year). r =  3% compounded continuously, t = 5

Q: Compute for the iEff/semi-annual and iEff/year 9% Compounded quarterly Payment made every 6 months…

A: Let We have concider given that   Nominal annual interest rate (APR) = 9% Folding frequency =…