A Peter bought 2 sets of golf clubs for him and his son worth P62, 650 each. If he paid a total amount of P11500, what was the discount rate
Q: Adrian pays ₱608497 cash and the balance in 17 quarterly payments of ₱24588 for a house and lot. If…
A: Cash payment (DP) = P608497 Quarterly payment (P) = P24588 Number of quarterly payments (n) = 17…
Q: Junly bought a lot in Conel as his investment. The owner sell it for P^(10),000 down payment plus…
A: Step 1 The interest that is accrued on both the initial principal and the interest that has already…
Q: ang borrowed $5200 from his friend to pay for remodeling work on his house. He repaid the loan 8…
A: Compound interest refers to the method of calculation of the interest earned on an investment where…
Q: Sam was injured in an accident, and the insurance company has offered him the choice of Php25,000…
A: Time value of money is a financial concept which is used to calculate the value of money in present…
Q: Roberto bought a $280,000 house, paying 20% down, and financing the rest at 5.2% interest for 30…
A: Mortgage loans are paid by monthly payments that carry the payment for interest and payment for…
Q: Todd can afford to pay $390 per month for the next 7 years in order to purchase a new car. The…
A: Present Value is the current price of future value which will be received in near future at some…
Q: 8. George pays $410 a year for $65,000 of home insurance with a $250 deductible. By choosing a $1000…
A: Deductible: It is the amount that is paid by the insured to the insurance company for the damage or…
Q: Michael borrowed RM420,000 to buy an apartment in Damansara. His loan cost was 6% and he promised to…
A: A loan is a financial arrangement in which a lender provides a specified amount of money, known as…
Q: am was injured in an accident, and the insurance company has offered him the choice of Php25,000 per…
A: Annuity is a type of investment where periodic amounts are paid or received over a fixed period of…
Q: elena purchased a stamp collection for rm 5000 thirty years ago.if it appreciated 8% annualy, what…
A: Given: Purchased stamp collection thirty years ago (Present value)=RM 5000Appreciated (r) =8%…
Q: how much will her daughter received after his death
A: Time value of money (TVM) means that the amount of money received in the present period will have…
Q: nswoman, wishes to gift her boyfriend P20,000 on their 10th anniversary which is 10 years from now.…
A: Present value refers to the current valuation for a future sum. Investors determine the present…
Q: David needs R30835,42 to buy a second hand trailer. How long will it take him to save towards this…
A: In this we need to calculate number of weeks required to achieve that.
Q: Alec bought a home for $179,000. He had a $50,000 down payment and got a 30-year fixed rate mortgage…
A: Mortgage is a value which is borrowed from the external sources like banks for the particular period…
Q: A friend lends you $830, which you agree to repay with 5% interest. How much will you have to…
A: Given The amount borrowed is $830 Interest rate is 5%
Q: Christopher just borrowed $19,500.00 to buy a used minivan. The terms of the loan require him to…
A: Amount borrowed, pv $ 19,500.00Equal monthly payments, pmt $ 340.10Period (years), nper6Extra…
Q: A laptop was purchased worth Php 90000. This is through an installment of 2 year and there is also…
A: Time value of money is used in the calculation of the monthly instalment to be paid, the future…
Q: Mary deposits her P500, 000 in a saving bank that gives nominal interest if 9.4% compounded…
A: The value of the deposit after a period will be the future value of that deposit.
Q: Alec bought a home for $202,000. He had a $48,000 down payment and got a 30-year fixed r mortgage at…
A: The PMT function is a type of financial function which helps to determine the total monthly payment…
Q: Your uncle offers you a choice of $200,000 in 10 years or $ 75,000 today. If money is discounted at…
A: Time value of money is the concept that states money earned today is more than money earned with the…
Q: 5. Masuku agrees to pay R250 at the beginning of each year for 15 years. If money is worth 42% p.a.…
A: In annuity due there are payments at the beginning of period and these are constant level payments…
Q: José lent Antonio 10 new pens and 20 new watches on date zero, which on that date cost $50.00 and…
A: The real interest rate is the rate that is charged by the banks on borrowings. This rate is used by…
Q: Ali buys an apartment for RM150,000. He makes a 10% down payment and finances the balance through…
A: Loan amount (L) = Price - Down payment = 90% of RM 150000 = RM 135000 Monthly payment (M) = RM…
Q: imana wants to buy a two bedroom apartment in Rockycrest for N$680000. he is expected to pay 9%…
A: To calculate the total amount of money Imana will pay to the bank over 22 years, we need to break…
Q: Joey currently has ₱2376 saved towards the purchase of a home theatre system. He wants to be able to…
A: Size of the monthly payment can be calculated using the formula of the future value of annuity.
Q: Billy Bob just purchased an investment that will pay him $25,000, $20,000, and $10,000 over the next…
A: The problem is asking us to find out how much Billy Bob paid for his investment. The investment will…
Q: Jadon received an amount of 1000.00 from his grandpa as birthday gift. He decides to invest the…
A: Principal Amount, P = 1,000 Interest rate, r = 10% = 0.10 Time,t = 5 years Future Value, FV = P…
Q: You lend a friend $13,000, for which your friend will repay you $49,591 at the end of 6 years.…
A: Interest rate = (Future value / Present value)^(1/Time) - 1 where, Future value = $49,591 Present…
Q: Rapi Tulpo invests Php1,000 in a Bank that doubles his money in five years. To what annual interest…
A: Investment means an asset(financial assets or fixed assets) that is purchased to generate additional…
Q: Chin Woo bought a home for $160,000. He put down 20%. The mortgage is at 8 1/2% for 25 years. What…
A: Total Present Value = $160,000 Down payment = 20% Present Value of Loan = $160,000 - 20% = $128,000…
Q: Jacob has 5000 dollars and wants to earn 6500 dollars from the bank. If the bank gives a compound…
A: It will take 6.69 years for Jacob to reach 6500 dollars
Q: Carlos financed $1250 computer with 24 monthly payments of $56.82. Find the ARP (true annual…
A: Given information: Present Value : $1250 Number of payments : 24 Payment amount : $56.82
Q: How much will Cyrus receive 5 years after his last deposit if he deposited 1,092 Php annually for 10…
A:
Q: Michael bought a laptop and paid P12,000 down payment plus P10,000 at the end of each month for a…
A:
Q: A man is left with an inheritance from his father. He has an option to receive P2M at the end of 10…
A: An annuity is a type of investment contract or financial instrument that gives the receiver, or…
Q: 1. Ascertain the future value if compounding is done monthly, weekly and daily
A: Compounding is the process of calculating future value of a present sum of money. The future value…
Q: Zayden will receive an inheritance of R850 000 four years from now. His discount rate is a 9,2%…
A: Step 1:We use the formula:A=P(1+r/2)^2nwhereA=future valueP=present valuer=rate of interestn=time…
Q: Adam brought van from ola at 24500naira on installment, and paid 4000naira in cash. How much we he…
A: Under the instalment system, an asset can be purchased by paying a small down payment and rest in…
Q: How much does Herbert need to save each year for 10 years as a regular savings payment if he wants…
A: The FV of an investment refers to the combined value of the cash flows of the investment assuming…
Q: Mr. Ali deposited 500 OMR today into a security that pays him 10 % interest compounded. He wanted…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: Peter takes out a loan of R1000000 to start a new business. After 14 years his business grows and he…
A: In the given question, no details are given regarding re-payments i.e whether any monthly or annual…
Q: Khairul secured a bank loan of RM 180,000 to help the purchase of a house. The mortgage is to be…
A: A mortgage is a loan obtained to purchase a property, such as a house or a piece of land. The…
Q: How much should be his monthly withdrawals?
A: Given in the question: Principal amount deposited = P150,000 Interest Rate = 3% Interest is…
Step by step
Solved in 2 steps
- PLEASE TYPE IT AND NOT HANDWRITTEN Russel purchased a brand new car. He paid a P250,000 down payment and P16,500 payable every 17th day of each month for 5 years. If money is worth 8% compounded monthly, what is the equivalent cash price of the car?Your brother borrowed from your neighbour ₱7,000 to buy a new mobile phone. The neighbour charged 11% for the borrowed amount payable after three years.1/3 of Milo's money was 4/5 of Alan's money. If Milo gave $18 to Alan and he returned $4 to him a few days later, then both of them would have an equal amount of money left. How much did Milo have at first?
- Thabo borrows R850 000 from a bank to buy a house. He has to pay the bank back R7 647,67 per month for 20 year Calculate the number of payments he has to make.Carl borrowed P101,466 from his friend to pay for remodeling work on his house. He repaid the loan 20 months and 12 days later with simple interest at 1.36%. His friend then invested the proceeds in a bank for 10 years paying 5.83% compounded monthly. How much will his friend have at the end of the 10 years?Howard bought a new hot tub today from Situation Hot Tubs. What is the present value of the cash flows associated with this transaction if the discount rate is 5.80 percent, he will receive a rebate of $843.00 from Situation Hot Tubs in 2 years, and he will pay $3,806.00 to Situation Hot Tubs in 5 years? Note: the correct answer is less than zero. O $-2028.05(plus or minus 10$) O $-3624.15(plus or minus 10$) O $-2235.13(plus or minus 10$) O S-2117.94(plus or minus 10S) O None of the above has plus or minus $10 to correct answer
- Donald bought a new hot tub today from Situation Hot Tubs. What is the present value of the cash flows associated with this transaction if the discount rate is 8.00 percent, he will receive a rebate of $608.00 from Situation Hot Tubs in 3 years, and he will pay $3,921.00 to Situation Hot Tubs in 5 years? Note: the correct answer is less than zero. O $-3151.22(plus or minus 10$) O $-2254.77(plus or minus 10$) O $-2060.57(plus or minus 10$) O $-2185.92(plus or minus 10$) O None of the above has plus or minus $10 to correct answerJames bought a new hot tub today from Situation Hot Tubs. What is the present value of the cash flows associated with this transaction if the discount rate is 5.70 percent, he will receive a rebate of $597.00 from Situation Hot Tubs in 3 years, and he will pay $3,924.00 to Situation Hot Tubs in 7 years? Note: the correct answer is less than zero. O $-2156.44(plus or minus 10$) O $-2064.98(plus or minus 105) O $-3167.51(plus or minus 10$) O $-2256.98(plus or minus 10$) O None of the above has plus or minus $10 to correct answer(20) Please show how you got a. the first cell of column 3 b. how you got the first cell of column 4 c. how you got the first cell of column 5 d. how you got the second cell of column 3 e. how you got the second cell of column 4 f. how you got the second cell of column 5
- Bertha bought a new home entertainment system today from Andre's Electronics. She will receive a cash-rebate of $232.00 from Andre's Electronics today, pay $719.00 to Andre's Electronics in 1 year, receive a cash rebate of $1,638.00 from Andre's Electronics in 2 years, and pay $4,985.00 to Andre's Electronics in 4 years. If the discount rate is 18.38 percent, then what is the present value of the cash flows associated with this transaction? O $-1,744.87 (plus or minus 3 dollars) O $-2,211.42 (plus or minus 3 dollars) O $-530.14 (plus or minus 3 dollars) O $-1,200.61 (plus or minus 3 dollars) O none of the answers are within 3 dollars of the correct answerA mother earned $18750.00 from royalties on her cookbook. She set aside 20% of this for a down payment on a new home. The balance will be used for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) that earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $900.00, how much money was invested at each rate? How much money was invested in the CD account? (Round to the nearest cent.) GILBVal bought a car for $48,000, putting down $15,000 cash and financing the remainder. How much are his annual car payments if he financed the car for 5 years and paid an annual interest rate of 6 percent? answer is 7,834.08 How much would be his annual payments if he made payments at the beginning of each year? answer is 7,390.64