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ears, P1.8M will be nee on. In order to generate nual payments is establis er payments will be mad

ears, P1.8M will be nee on. In order to generate nual payments is establis er payments will be mad

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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InsmngletA Exercise 1.2 wello l h eomatate odi siolqmos hns qio oobiv odh date Answer completely. 1. In five years, P1.8M will be needed to pay for a building renovation. In order to generate this sum, a sinking fund or three annual payments is established now. For tax purposes, no further payments will be made after three years. How much payment is necessary if the money is worth 14% per annum? Assume a 6% inflation rate. 2. Suppose your annual salary today is P500,000. How much will be the equivalent salary 10 years from now if the annual inflation rate is 6%. 3. Suppose you purchase an insurance policy in 2018 that will provide you a retirement fund of P2.5M in 2050. If the annual inflation rate is 8%, how much will be the purchasing power of the said amount in 2050? 4. A machine costs P200,000 today. The inflation rate is 8% per year. How much will be the amount of an identical machine eight years from now?
Transcribed Image Text:InsmngletA Exercise 1.2 wello l h eomatate odi siolqmos hns qio oobiv odh date Answer completely. 1. In five years, P1.8M will be needed to pay for a building renovation. In order to generate this sum, a sinking fund or three annual payments is established now. For tax purposes, no further payments will be made after three years. How much payment is necessary if the money is worth 14% per annum? Assume a 6% inflation rate. 2. Suppose your annual salary today is P500,000. How much will be the equivalent salary 10 years from now if the annual inflation rate is 6%. 3. Suppose you purchase an insurance policy in 2018 that will provide you a retirement fund of P2.5M in 2050. If the annual inflation rate is 8%, how much will be the purchasing power of the said amount in 2050? 4. A machine costs P200,000 today. The inflation rate is 8% per year. How much will be the amount of an identical machine eight years from now?
1. A credit card account has an unpaid balance of P8,210 as of April 5, 2017. Purchases amounting to P4,045 on groceries and P12,000 on apparels were made on April 12, 2017 and April 15, 2017, respectively. A cash advance of P10,000 was credited to the account with a flat rate of 5% monthly on April 18, 2017. A cash payment of P15,000 was made on April 30, 2017. If the company policy excludes cash advances in the computation of the ADB, what is the total finance charges on the May 5, 2017 bill if the interest rate on the ADB is 3.5% per month? 2. On October 12, a customer's credit card had a balance of P18,000. Purchases of 5,000 and P15,000 were made on October 18 and October 23, respectively. A payment of P20,000 was made on November 5. If the interest rate on the ADB is 3.25% per month, find the finance charge on the November 12 bill. 3. A bond with a face value of P330,000 and a 4% coupon has a 5-year maturity period. Find the annual interest paid to the bondholder. 4. A mutual fund has total assets of P500M and total liabilities of P50M. If there are P1,500,000 outstanding shares, find the net asset value of the mutual fund. hanobolder who has
Transcribed Image Text:1. A credit card account has an unpaid balance of P8,210 as of April 5, 2017. Purchases amounting to P4,045 on groceries and P12,000 on apparels were made on April 12, 2017 and April 15, 2017, respectively. A cash advance of P10,000 was credited to the account with a flat rate of 5% monthly on April 18, 2017. A cash payment of P15,000 was made on April 30, 2017. If the company policy excludes cash advances in the computation of the ADB, what is the total finance charges on the May 5, 2017 bill if the interest rate on the ADB is 3.5% per month? 2. On October 12, a customer's credit card had a balance of P18,000. Purchases of 5,000 and P15,000 were made on October 18 and October 23, respectively. A payment of P20,000 was made on November 5. If the interest rate on the ADB is 3.25% per month, find the finance charge on the November 12 bill. 3. A bond with a face value of P330,000 and a 4% coupon has a 5-year maturity period. Find the annual interest paid to the bondholder. 4. A mutual fund has total assets of P500M and total liabilities of P50M. If there are P1,500,000 outstanding shares, find the net asset value of the mutual fund. hanobolder who has
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