Five years ago , you paid P 40,000.00 for a residential lot. Today you sold it at P 70,000.00. What is your annual rate of appreciation. Clue: unknow is, i= interest
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- Five years ago , you paid P 40,000.00 for a residential lot. Today you sold it at P 70,000.00. What is your annual rate of appreciation. Clue: unknow is, i= interest
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- Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have at the end of five years?Calculate the annual payouts C to be given for 15 years with an interest rate of 8% on an annuity with a present of value of $150,000. Round your answer to the nearest cent. Do not include the dollar sign in your answer.If you borrowed $24,000 at 12% annual interest. You agreed to repay the loan with five equal annual payments. How much of the total amount repaid is interest? How much of the third annual payment is interest, and how much principal is there? If you decided to pay off your loan after the third payment, how much will you pay?
- Maria takes out a 30-year mortgage for $235,136 at an annual interest rate of 4.2%. How much does she still owe when there is 1 year left on the loan? Round your answer to the nearest dollar.How much should you put in a 10% savings account in order to have P20,000 in five years?How much money do you need to deposit in a bank each month if you are planning to have $5000 in four years by the time you get out of college? The bank offers a 6.75% interest rate that compounds monthly.
- You want to save the down payment required to purchase a vacation home at the end of five years. If the required down payment is $25,000 and you can earn 5% a year on your savings account, how much do you need to set aside at the end of each year for the next four years?What is the future value of $3,000 saved for 6 years at 4% interest compounded annually? Enter your answer rounded to two decimal places.Find FV: You have $2,000 in a savings account that earns 1.5% interest per year. What will be the balance in your account: in one year? in five years? in ten years?
- A bank saving account offers 4% compounded on a quarterly basis. A customer deposit $200, in this type of account, at the start of each quarter starting with the first deposit on the first of January and the fourth deposit on the first of October. What is the total amount in his account at the end of the year?Suppose you were promised $400 three years from now and $600 at the end of five years. How much is that worth now at 12% interest?You plan to deposit $300 each year into an IRA earning 4% interest annually. How much will you have in your account in 20 years? Your Answer: Answer