A motorcycle costs P75,000. A buyer will pay P25,000 now and pay the balance in 5 annual payments. The first payment is due in 3 years. If money is worth 10% effective, how much is the annual payment?

Q: With an interest rate of 7%, how much money can be lent now if $15,000 will be repaid at the end of…

A: Interest rate (r) = 7% or 0.07 Accumulated amount (A) = $15000 Time period (n) = 5

Q: Jimmy deposits $ 3,400 now, $ 2,900 3 years from now, and $ 6,000 6 years from now. Interest is 6 %…

A: Ans A) Jimmy deposits $3400 now, $2900 3 years from now, and $6000 6 years from now therefore Future…

Q: 4. An annuity pays $6500 at the beginning of every year for 10 years. If the payments are deferred…

A: Given: Annuity payment each year for 10 years=$6500 Deferred=7 years Interest compounded…

Q: An engineer made a development in the production process which will save his company 10,000$ per…

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

Q: How much money must be deposited in a savings account each month to reach a goal of having $10,000…

A: Present value refers to the value that an amount of money today is worth more than the same amount…

Q: In the lottery, the lucky winner won 3000000 (three million) TL. With this together the bonus has…

A: The winning amount = 3000000 First payment plan = 350000 per year Time period = 10 years Interest…

Q: hance You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the…

A: The interest that is calculated using both the principal and the interest that has accrued during…

Q: 1. Convert the following rates (a) 10% to compounded daily. (b) 20% simple interest to compounded…

A: Compound Interest refers to the addition of interest to the principal sum of a deposit/loan, or in…

Q: An engineer is entitled to receive P25,000 at the beginning of each year for 18 years. If the rate…

A: He receives 25000 per year, so this become pmt The amount is received at the begining of each year…

Q: To making a robotic hardware for computer integrated manufacturing systems (CIM), Digital Devices…

A: Compound interest is the rate of interest that is calculated on the principal amount by taking into…

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: The Insurance company proposes to buy the insurance policy for 5 years with annual income…

A: In the mentioned question, we had to calculate the average interest rate of income. With the help of…

Q: Bruce deposited $100 into the bank account. The account is credited with interest at a nominal…

A: The correct answer is given in the second step.

Q: Suppose that $2700 is deposited in an account that earns 4% interest. How much is in the account (a)…

A: The interest rate can be calculated in two different ways. The two different types of interest rates…

Q: Three purchase plans are available for a new car. If a customer expects to keep the car for 5 years,…

A: Plan A will have to pay $5,000 cash immediately to own the car. Thus, the cost of a car is $5,000.…

Q: The coupon bond pays a coupon of 5% per year, paid semi-annually. It has 3 years to maturity. If the…

A: Yield to Maturity: Yield to maturity (YTM) is the annualized rate of return that an investor can…

Q: -An individual deposits $1,500 in a savings account that pays 3% interest annually. How much will…

A: Given information,  Principal amount (P): $1,500 Interest rate (r): 3% annually Time period (t): 5…

Q: Time Value of Money Multiple Interest Formula The amounts are $100 for the first year, $200 for…

A: Ist year payment = $100IInd year payment = $200 IIIrd year payment = $500Fourth to Eighth year…

Q: Lee wills loaned Audrey $17300 to open her shop after 5 years Audrey will pay back Lee with 16%…

A: The formula for compound interest will be: A=P1+R4004t Where A is the amount received after 4 years…

Q: 4. Using Benefit-cost ratio, find out the best alternative for i=10% and n=30 years. Capital…

A: Note: “Since you have posted multiple questions, we will provide the solution only to the one…

Q: not use ai please

A: Here are the detailed steps of the calculations: Given Information:Inspection cost is steady at…

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

A: Step 1:Let's calculate the first difference.The first difference is found by subtracting the future…

Q: Mr. Sabando, franchisee of a food stall business, received an offers from two well-known food…

A: Particular  Company X   Particular Company Y End of 3 year 120000   Each Quarter for next 5 year…

Q: An investment has the following cash flow series where interest is 7%: End of Year 0 1 2 3 4 5 6 7 8…

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

Q: A bank loaned out $25,500, part of it at the rate of 12% annual interest, and the rest at 5% annual…

A: Given: Total amount of loan is = $25,500 The annual rate of interest is = 12% Rest is at = 5% Total…

Q: Customer receves USD 50000, he settles USD 25000 in current A/C and USD 25000 in EEFC. He needs to…

A: EEFC stands for "Exchange Earners' Foreign Currency Account," which is a special type of account in…

Q: 3-17 You are planning to withdraw $100 in Year 1, $150 in Year 3, and $200 in Year 5. At a 5%…

A: Given:Year=1, FV=$100Year=3, FV=$150Year=5, FV=$200i=5%

Q: If you need to have $10000 in savings at the end of 5 years and your savings ?account yields 5%…

A: You need to have $10000 in savings at the end of 5 years and your savings account yields 5% annual…

Q: You take a loan for $25,000 to pay for school. You want to pay it back within 4 years by making…

A: monthly payment is what you pay to the lender each month to repay your loan. The amount you pay…

Q: You owe ₱30,000 due at the end of 3 years without interest. After 2 years, you want to pay the loan,…

A: Given, Present Value- 30000 Interest- 8% Time- 2 years

Q: Student Loans Willie Wilson plans to borrow $36,627 at the beginning of each of his 4 years of…

A: The objective of this question is to calculate the annual installment amount that Willie Wilson…

Q: Find the uniform annual amount that is equivalent to a uniform gradient series in which first year's…

A: GIVEN     First year payment (AL) = 500 Greadient (G) = 1000 Annual Rate of interest = 8%. (i)…

Q: We know that a certain piece of equipment will cost $275,000 in 6 years. How much must be deposited…

A: Answer - Given in the question - Cost = $275,000  t =6 years  interest rate = 8% Need to find -…

Q: Year End-of-Year Payment 1 $1400 2 $1320 3 $1240 4 $1190 5 $1000   What future sum, at…

A: The given cash flow schedule is shown below:YearEnd-of-year…

Q: An investor has found a fund that pays 3% nominal annual interest compounded monthly for two years.…

A: GIVEN   An investor has found a fund that pays 3% nominal annual interest compounded monthly for two…