A manufacturer of toilet flush valves wants to have ₱15,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each quarter from now, how much will it have to deposit each year if money is worth 7% compounded quarterly in order to have it available immediately at the end of 10 years? (a) Less than ₱182,000 (b) ₱182,500 (c) ₱191,300 (d) Over ₱262,000

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A: Correct Answer: The annual rate of simple interest is 10%

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A: Number of quarters = 10 x 4 = 40 Quarterly nominal interest rate = 20%/4 = 5%

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Q: Kylie has been offered a student loan by a hometown engineering firm. She will borrow P5O,000 each…

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A: The cash flow diagram shows the income and the expenses over a certain number of years.

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A: here we calculate the given by following method as follow;

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Q: Engr. De los Santos loans from a lending company an amount of P100,000 with a simple insterst of 20%…

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Q: RM10,000 is invested for 4 years 9 months in a bank earning a simple interest rate of 10% per annum.…

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