Directions: Solve the following problems. 1. Your mom decided to join their office cooperative (an organization owned and run by bits members who share profits and benefits) and agreed to contribute P 1,000 per month beginning in January 2019 which will earn 3% interest compounded monthly. How much will be the future value of your mom's contribution at the end of April 2019?

Q: 18. Olabisi would like to take a break from studying so much Math, and go on a vacation to Costa…

A: We will find out the required value.

Q: Part 1- An accountant purchases a T-bill with a face value of $5,000 for $4,925. If the term of the…

A: Sol:- Part 1: The formula for simple interest is: I = P * r * t where I is the interest earned, P is…

Q: You are purchasing a new car for $27,600.  The dealership offers you three options: 0% financing: 0…

A:

Q: Suppose you make a down payment of 17% of $27,600 and finance the rest at 1.5% compounded monthly…

A: The down payment is 17% of $27,600, which is: 0.17 x $27,600 = $4,692 Therefore, the amount to be…

Q: Instead of saving up, you decide to finance the laptop. What will your monthly payments be if you…

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Q: 4. Puck is planning to buy a new Harley in 2 years. He is able to save $475 each month in an account…

A:

Q: Suppose you have budgeted $ 1130 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Given that, the monthly payment towards a mortgage is $1130, the number of years is 30 years and the…

Q: fter reading this chapter, it isn't surprising that you're becoming an investment wizard. With your…

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Q: 1. Mr. Paul makes an initial investment of ₱6,000 for a period of 3 years. Find the value of the…

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Q: Activity Activity 1: What's my future? Directions: Read the problem carefully and then write your…

A: By bartleby rules, only first question has been answered In order to save for her high school…

Q: Suppose you can afford to pay $ 475 a month for 7 years towards a new car with no down payment. If…

A: Given Monthly interest rate=4.25%/12 Number of months =7*12

Q: As part of their financial planning, Janice Garcia's grandparents made monetary gifts to each of…

A: Given information Future Value is $5,000 and rate is r=9% compounded monthly. t=21 months=1.75 years…

Q: A father wants to set aside money for his son's future college education. Money can be deposited in…

A: Consider the yearly amount deposit=$x The rate of interest r=8.5%=0.085 The amount of money at the…

Q: Robin wishes to accumulate a sum of $450,000 in a retirement account by the time of her retirement…

A:

Q: Darnell Enterprises constructed an addition to its building at a cost of $70,000. Extra annual…

A: Net cash flow can be calculated as follows:

Q: Henry is going to retire in 22 years and would like to invest $50,000 now into his retirement…

A: Compounded Monthly formula :

Q: Please draw cashflow diagram) What amount of money invested today at 15% interest rate compounded…

A: Given that the interest rate is 15% and its compounded quarterly and P30,000 at the end of each year…

Q: Abby and George are setting up a college fund for their newborn daughter and want to have $150,000…

A: Use compound interest formula

Q: Suppose you can afford to pay $300 a month for 6 years towards a new car with no down payment. If…

A:

Q: Tara wishes to accumulate $29,000 in 5 years. Use the appropriate formula to find the sinking fund…

A: step:-1 Formula For future value payment is Future value (F)= P×(1+R)t-1R; Here, P=Payment value, R=…