ASAP FOR UPVOTE. I NEED IT NOW. 5. Justin saves 20% of his monthly salary into an investment account with an interest rate of 2% compounded quarterly. Justin was hospitalized in the beginning of the 8th month and wasn’t able to remit for 4 months. After 4 months of delay in payment, He resumed saving but to compensate for those missed payments he decided to increase his monthly savings to 30% of his salary. If Justin’s yearly salary is P240,000 pesos, what is the total value of his investment after 1 year since he opened the investment account?

Q: every month in a savings account that earns 3.20% compounded monthly. a. How much did Brian have in…

A: A series of regular fixed periodic payments made at each interval is annuity. The broad…

Q: Dina Naples is saving money at the IBM Credit Union for a down payment on a house. How much does she…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Luke deposited $3500 into a savings account that earns 5.50% annually but is compounded 4 times per…

A: Future value of money is the amount of deposit done and amount of compounded interest accumulated…

Q: Adam purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: Semi Annual Payment  $              1,500.00 Time Period (years) 8 Interest rate 4% Monthly…

Q: Your brother has decided to ask you for advice about saving up for his teenager's college fund. He…

A: Answer: Calculation of the amount that your brother need to deposit today: The amount that your…

Q: Starting on the day Thomas was born, his mother has invested $50 at the beginning of every month in…

A: Future value:The future value of payments represents the accumulated value of periodic investments…

Q: (a) If Rinku deposits $15 per week, how much will she save in three years? How about $20 per week?…

A: Information Provided: Interest rate = 18% compounded monthly (A) Weekly payment = $15  (B) Weekly…

Q: Bianca decides to stop going to the coffee shops in the morning and figures she saves about $30 per…

A: The amount of money after 5 years can be calculated with the help of future value of annuity…

Q: Sam takes out a bank loan for $12750 that he will repay with 13 monthly payments at j1 = 5.25%. Sam…

A:

Q: How much money did he have for retirement?

A: Future Value of annuity = A= R* (1+rm)n-1rmwhereA - future valueR - periodic paymentr - nominal…

Q: Kourtney currently works at Bruin Productions and decided to finally plan for the future, she wants…

A: The future value concept can be used to determine the future value of a present sum or the future…

Q: Mason borrows $41,217.00 to buy a car. He will make monthly payments for 6 years. The car loan has…

A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: Sherry is a 25-year-old who just started working. At age 25 she received, she received $20 000 from…

A: Monthly Payment = $140 Interest Rate = 4.5% Time Period = 15 Years

Q: Alex changed jobs and plans to rollover the retirement savings from his old job. His new employer…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Gustav decided that he wants to retire in 25 years, and he wants to have enough saved to provide him…

A: Here, Required Monthly Income after Retirement $    3,000.00Time Period of Monthly Income30Interest…

Q: To purchase a specialty guitar for his​ band, for the last two years JJ Morrison has made payments…

A: Firstly we will calculate accumulated value of last 2 years using future value of annuity formula.…

Q: Please i need full details solution with explanation.

A: The objective of the question is to find out the original investment made by Victor in his savings…

Q: Kayla contributed equal deposits at the end of every month for 4 years into an investment fund. She…

A: As per the given information: Interest rate - 3.92% compounded monthly Total time period - 8 years…

Q: Rajiv has a part-time job on the weekends. His net earnings for one month are shown. Pay Date Net…

A: Savings on April 01  is $142.40 Savings on April 08 is  $137.29 Savings on April 15 is $143.57…

Q: Alev has a $300 balance on her credit card that she forgot about. Each month, the balance increases…

A: 1. Meaning of Compound interest: Compound interest is the interest on a deposit/ borrowing / loan…

Q: Matt Johnson delivers newspapers and is putting away ​$18 at the end of each month from his paper…

A: Monthly payment (P)  = $18 Period = 6 Years Number of monthly payments (N) = 6*12 = 72

Q: Laura invested $650 at the end of every month in an investment fund that was earning interest at a…

A: The accumulated value of any fund is equal to the sum of future value of all the deposits made…

Q: We have to calculate her monthly payment.

A: The process of determining a loan's equivalent monthly installment (EMI) based on the loan amount,…

Q: Matt Wilson has decided to finally pay off his credit card. He currently owes $6,500 and he has…

A: In this question payment is done on monthly basis but interest is compounded weekly. To solve the…

Q: what will be the balance of her account after 30 more years assuming the same 8% interest

A: PRESENT VALUE:The concept of present value (PV) is a fundamental principle in finance, used to…

Q: Please help me , I need full details solution with explanaton.

A: The objective of this question is to find out the original investment Victor made in his savings…

Q: Sean contributed equal deposits at the end of every month for 2 years into an investment fund. He…

A: This can be solved in excel. Put the cell for the monthly deposits as a blank. Now for determining…

Q: Noah has $4686 in his savings account today. The interest rate is 8,3% p.a. compounded monthly. Noah…

A: Loan amortization refers to the process of gradually paying off a loan through regular installment…

Q: A 40 year old woman puts $1500 in a retirement account at the end of each quarter through 20 years…

A: Time Value of Money states that a dollar earned today is more valuable than any time in the future,…

Q: Tak wants to save $10 000 for a vacation. He deposits $150 at the end of each month for 4.5 years in…

A: Solved using Financial Calculator  PMT = +/- 150 N = 4.5 years *12 months = 54 I/Y = 8.7/12 = 0.725…

Q: What monthly interest rate did Mark earn? (

A: An interest rate is the price of borrowing money or the proportion of return on investment. It…

Q: John is planning to take a loan for a major renovation project for his home. He can afford only 10%…

A: Annual salary of John = $80,000Annual interest rate = 8%Period = 5 years

Q: Kourtney currently works at Bruin Productions and decide to finally plan for the future, she wants…

A: Information Provided: Future value = $250,000 Term = 10 years Interest rate = 6.1% compounded…

Q: ne began to save for his retirement at age 30, and for 13 years he put $ 250 per month into an…

A: Future value of annuity is the future value of all the stream of cash flow. Future value of annuity…

Q: How much should be his monthly withdrawals?

A: Given in the question: Principal amount deposited = P150,000 Interest Rate = 3% Interest is…

Q: Shelly deposits the $2000 she got as a birthday gift from her grandmother into an account earning…

A: The company would be considering the value for future through the compounding of interest rates over…