After several years house rental, you decide that you want to pay for your dream house in cash. Not having enough money now, you decide to specifically put money away each month in a “dream house” fund. The house you want to buy in a prestigious subdivision will cost P 6,000,000 in eight years. You are going to put asideP35,000 each month (for eight years) to save for this. At what interest rate must you invest your money to achieve your goal of having enough to purchase your "dream house" eight years from now?

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A: A cash flow is the movement of funds over a predetermined time period into or out of the financial…

Q: Q2. You want to purchase a car that worth $22,678 by making a down payment of $2,678 and paying the…

A: Cost of Car = 22,678 Down payment = 2,678 n = 48 annual rate = 8.5 or 8.5/12 = 0.70833%

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A: (10) Five years ago, you paid P3,400,000 for the house and lot. If you sold it today for P5,000,000,…

Q: 10,000 per year – at

A:

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A: Introduction: The present value of the investment is $1000 which earns an interest rate of 5%. Now…

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A: Given :Number of Periods/Years (n) = 8Nominal Rate of Interest (r(4)) =6%Regular Deposit(A) = $ 6640

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A: The answer is in the explanation.Explanation:1. Calculate the Monthly Profit:  The monthly profit…

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

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A: As per the given information Present invested = 2000 Future worth = 5000 Interest compounded…

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A: The formula for present value: P=FP/F,i,n Where (P/F,i,n)=11+in Here i is the rate of interest per…

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A: Given Down payment = 75000 $ Time = 4 years Interest rate = 6 %

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A: In economics present worth (PW), also called present discounted value, is the value of an expected…

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A:

Q: Lilly deposits $900 every month into an account that earns 4% annual interest where interest is…

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

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A: Given:- Cash flow  time  5 = $ 5000 Annual growth in cash flow = 7% Number in cash flows = 9 Future…

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A:

Q: Aurora wants to give her daughter Mara a financial gift on the latter’s college graduation two years…

A:

Q: solve

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A: Given information: Time, n = 10 years Annuity = 1744 Interest amount, r = 4%

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A: Answer to the question is:

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A: SI is a method of calculating the amount of interest that must be paid on the principal, and it is…

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A: Present value or present worth implies the time value of the money concept. It describes that the…

Q: principal of P27,723 is placed in a saving account at 5.23% per annum compounded annually. How much…

A: Principal = P27,723 r = 5.23 n = 3

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