How much do ten ₱ 5,811 quarterly payments amount at present, if the interest rate is 2 compounded quarterly if payments are done every beginning of the month? • How much do ten P 5,811 quarterly payments amount at present, if the interest rate is 2 compounded quarterly if payments are done every beginning of themonth?

Given the quarterly payment = 5811 Interest rate = 2%/4 = 0.5% Number of compounding period = 10

Answered: How much do ten ₱ 5,811 quarterly…

How much do ten ₱ 5,811 quarterly payments amount at present, if the interest rate is 2 compounded quarterly if payments are done every beginning of the month

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: An investment allows for end-of-year payments that grow by 2% per payment for 15 years, starting at…

A: A=$1100g=2%i=3.4%N=15 years

Q: Mr. Cruz plans to deposit for the education of his 5 year old son, Php 5,000 at the end of each…

A: This are the breakdown:Identify the variables:Monthly deposit (PMT) = Php 5,000Number of months (n)…

Q: A friend of yours bought a new sports car with a $5,000 down payment plus a $26,000 car loan that…

A: EMI = [P x R x (1+r)n ]÷[(1+r)n-1] P = principal = $26000 R = interest rate per month = 0.25% n =…

Q: Consider a geometric series of cash flows that begins at time 12 with a cash flow of $10,000. Cash…

A: Given Geometric series cash flow begins at time 12 and with a cash flow of $10,000 and there are 11…

Q: Please show work

A: According to the question, an investment of $2,000 has made for 20 years at 8% per year. The amount…

Q: Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage.…

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

Q: Karen loaned P10,000 from a firm with a simple interest of 20%. The interest was deducted right away…

A: Karen borrowed an amount of P10,000 at simple interest rate 20% and interest was deducted before…

Q: Save At age 20, a person deposits $355 in a savings account paying 1% interest compounded…

A: Here, given information is: Principal amount (P): $355 Interest rate (r): 1% Time period (n): 70…

Q: Suppose that under the Plan of Repayment one should pay off the debt in a number of equal…

A: Loan repayment refers to the process of paying back borrowed money, typically with interest, over a…

Q: Determine the nominal rate for and interest rate of 1.5% per month compounded quarterly?

A: Nominal rate of interest = Monthly interest rate * number of times it is compounded Since amount is…

Q: Suppose that Rajiv borrows $50,000 at 5% per year to purchase equipment for his business. Complete…

A: Compound interest is the interest which is calculated on the initial principal, and it also includes…

Q: Us pajam (e) $5,000 now for $225 at the end of each year. 3-9. A company can either buy certain land…

A: Cash flow:The sum of the total money is represented in the diagram. It represents the magnitude and…

Q: You purchased a car using some cash and borrowing $19,000 (the present value) for 53 months at 12%…

A: Present value of the car=$19000Time=53 monthInterest rate=12% pa

Q: A man borrowed 120 000 PHP and promised to pay anually for 5 years. The payment starts at X pesos.…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Question

How much do ten ₱ 5,811 quarterly payments amount at present, if the interest rate is 2 compounded quarterly if payments are done every beginning of the month?

• How much do ten P 5,811 quarterly payments amount at present, if the interest rate is 2 compounded quarterly if payments are done every beginning of the
month?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS. BOX THE FINAL ANSWER. MANUAL COMPUTATION.
Show Solution. Topic: General Annuity 2. Find the present value of an annuity which pays P2,700 at the end of every 3 months for 6 years, if money is worth 18% compounded monthly?
Sofia borrows Php8000.00 from a bank that has an interest rate of 2% compounded quarterly.a.) How much is the money after 8 years?b.) How much is the money after 8 quarters?
What is the future worth of a series of equal year end deposits of $2.800 for 13 years in a savings account that eams 10% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? O Click the icon to view the interest factors for discrete compounding when i 10% per year. (a) The future worth of a series of equal year-end deposits made at the end of each year is $ (Round to the nearest dollar) (b) The future worth of a series of equal year-end deposits made at the beginning of each year is $ (Round to the nearest dollar)
Suppose that under the Plan of Repayment one should pay off the debt in a number of equal end-of-month installments (principal and interest). This is the customary way to pay off loans on automobiles, house mortgages, etc. A friend of yours has financed $15,000 on the purchase of a new automobile, and the annual interest rate is 6% (0.5% per month). a. Monthly payments over a 36-month loan period will be how much? b. How much interest and principal will be paid within three month of this loan?
A geometric gradient that increases at f= 5% per year for 15 years is shown in the accompanying diagram. The annual interest rate is 10%. What is the present equivalent value of this gradient? AClick the icon to view the diagram for geometric gradient values. Click the icon to view the interest and annuity table for discrete compounding when i= 5 % per year. Click the icon to view the interest and annuity table for discrete compounding when i= 10% per year. 4... The present equivalent value of the gradient is $ (Round to the nearest dollar.)
Suppose your parents have decided that after your graduation at the end of the year they would start to save money to help pay for your younger sister to attend University to study Food Process Engineering. They plan to save money for 5 years before she starts college and to save during her university years. They plan to contribute GH¢4,000 per year at the start of each of her 4 university years. Your parents would thus make monthly payments for 8 years, 5 year prior to and 3 during your sister's university education. The monthly interest rate earned on their savings is 0.45%. How much must the monthly savings be under this condition?
K How much money should be deposited annually in a bank account for five years if you wish to withdraw $6,000 each year for three years, beginning five years after the last deposit? The interest rate is 2% per year. Click the icon to view the interest and annuity table for discrete compounding when i=2% per year. The annual deposit amount should equal $ per year. (Round to the nearest dollar.)