A student plan to deposit P2575 in the bank now and another P2850 for the next 2 years. If she plans to withdraw P5000 three years after her last deposit for the purpose of buying bags, what will be the amount of money left in the bank after one year of her withdrawal? Effective interest rate is 10%.

Q: You have an investment account that started with $4,000 10 years ago and which now has growh a. What…

A: a) Given that, Investment value at year 0 = $4000 value of investment at year10 = $110000 Annual…

Q: Aman deposited P45000 and the bank promised that the money will earn P90000 10yrs from now.…

A: Given information: Initial deposits (PV): P45,000 Bank will pay after 10 years (FV): P90,000 Time…

Q: A house owner received rental payment of P25000 every month for 5 years. Payments are being paid at…

A: Given information, Monthly Payment (A): P25000 Time period (N): 60 (5 years) Interest rate (i): 10%…

Q: The annual income from a rental house is $24,000. The annual expenses are $6000. If the house can be…

A: Present value: present value of a sum that is to be received or paid in the future, discounted at an…

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: tudent invested 100000 now and another 100000 at the end of 1 year, revenues of 150000 will be…

A: Given, Investment- 100000 Rate of interest- 10%

Q: iego borrows P170,000.00 at 6% effective annual interest. He must pay back the loan over 20 years…

A: borrowed amount = 170000 Interest rate = 6 % time = 20 years payment = monthly

Q: A car can be bought for installment by paying a downpayment of  42500 and a monthly payment of P4250…

A: A car can be bought for installment by paying a down payment of  42500  Monthly payment of P4250 for…

Q: A certain amount of investment was made annually for 10 years at an interest rate of 6%. On the 14th…

A: Through the course of human history's involvement in finance, the definition of investment has…

Q: At 2% interest rate, how much should you invest today to be able to withdraw 2,958 annually for 5…

A: Given that, Future value ( Fv)= 2958 Interest rate  (r)= 2% or 0.02 The total number of years (n) =…

Q: a company will be paying off a loan witj annual payments of $6000 for 8 years assuming 5% annual…

A: Annual Payments = 6000 Years of payment = 8  Interest rate = 5% Formula to be used - FW = PMT(F/A ,…

Q: the investor thought he should receive 8% interest, compounded semi-annually, how much would he be…

A: *Solution :-

Q: A mining company CEO wants to help provide college education for the daughter of a high performance…

A: Given  First 4 years, (beginning on the fourth birthday) the annual cash flow is $-750. Annual cash…

Q: Mr John deposited $450 earning 8% in his account, after 2 years additional $200 was made but…

A: The adding of interest to the principle sum of a loan or deposit, or interest on interest, is known…

Q: You are to pay a bill every month for 5 years. The accumulated amount of the payment you paid is 60k…

A: Answer in step 2

Q: John is assessing whether a more efficient motor with a life of 10 years should be installed on a…

A: The capacity or ability of a person to perform work is expressed in terms of energy. The movements…

Q: annuity pays $5000 each year for 5 years starting today. It pays $6000 per year for year 7 to year…

A: A cash flow is a real or virtual movement of money: a cash flow in its narrow sense is a payment,…

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: A man deposits 1000P every year for 10 years in a bank. He makes no deposit during the subsequent 5…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Q: A husband want to save money 450000 SR, to prepare for a gift for his girlfriend , he plan to bring…

A:

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: Engr. Odon is paying a loan five thousand pesos 10% quarterly for 3 years. If the payment is to…

A: A way of scheming what quantity this price of Associate in Nursing item or money are going to be…

Q: Mr. Cruz deposited P150, 000.00 now, so that his 2 years old daughter will receive 5 equal amounts…

A: A deferred annuity is a settlement with an coverage organization that guarantees to pay the…

Q: If P 10,000 is deposited each year for 9 years, how much annuity can a person get annually from the…

A: In this question, there are two cash flows, One cash flow is when P10,000 is deposited each year-end…

Q: The sum of $1000 is deposited in a bank and left there to earn interest rate for 10 years. if the…

A: Amount deposited in bank (PV) = $1000 Interest rate earn on depsoted money (r ) = 10% Total time…

Q: What is the present worth of cash flows that begin at $15,000 and increase at 8% per year for 10…

A: In a formal financial context, the Present Worth (PV) of a Cash Flow is a single, current dollar…

Q: The present worth of all the cashflows of handmade earthen pots are shown until the end of year 8 is…

A: The present worth of the cash flow is P0=$9,330 We have to find value of x

Q: Mars Ltd. Invested $321 at 2.5% interest rate which compounds quarterly. Calculate the value after 7…

A: Introduction: It is given the invested amount is $321 and the interest earned on this investment is…

Q: You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you…

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

Q: assy invested $1000 at 12% simple interest, calculate its value after 5 years

A: Introduction: The future value can be calculated by adding all the interest amounts of 5 years with…

Q: A man decides to start a 30year plan fund for his son, he wants him to receive 1,000,000 per year…

A: Time period (n) for deposit is 10 years. After the 10 year, the amount is kept in the account for…

Q: Q5. rate compounued monthly for their new-born daughter Henrietta. Mr. and Mrs Lacks transfer 7% and…

A: We will use the Present Worth and Future Worth concepts to answer this question. To solve the…

Q: SAA Committee has implemented a program to recycle all plastic drink cups usedduring the Annual UCSI…

A: Equivalent annul value (AV) can be calculated as follows. Annual value is $7,415.78.

Q: A person is planning for saving he has 10 more years of service,he would like to deposit 20% of the…

A: Given; Amount invested= 4000 Annual increase in deposit= 500 Time, n=10 years Interest rate= 15%

Q: A man buys a motor cycle. There will be no maintenance cost the first year as the motor cycle is…

A: The present value is calculated as the sum of the product of future cash flows and present value…

Q: You need P 4000 per year for four years to go to college. Your father invested P8000 in 7% account…

A: At the birth of a child, the father invested P8000, we know that  if we invest x(let) @ 7% then…