How much money be invested today in order to withdraw P1500 peryear at the end of each year for 8 years at an interest rate of 8%?P8,620P8,260P8,206O P8,602

P 1,500 amount is to be withdrawn at the end of each year for next 8 years and the interest rate is…

Answered: How much money be invested today in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

• How much money must you invest today in order to withdraw P 10,433 annually for4 years if the interest rate is 2.67%?
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2. It is desired to have P200,000 two years from now by depositing an initial amount P, plus P50,00 on the 6th month and another P50,000 after 1 year. What would that initial amount be if interest rate is 12% pa compounded monthly? O P57,060.33 O P 69,277.10 O P 66,038.51 O P61,990.42
WHAT WILL BE THE FUTURE WORTH OF MONEY AFTER 6 MONTHS, IF THE SUM OF P100,000 IS INVESTED TODAY AT SIMPLE INTEREST RATE OF 5% PER YEAR? O a. P102,050.00 O b. P120,500.00 O c. P102,510.00 O d. P102,500.00
What is the accumulate value of a payment of P12,500.00 at the end of each year for 9 years with interest at 5% compounded annually?P137,832.05P178,338.50P187,833.50P138,738.05 How long will it take for an investment to double its amount if invested at an interest rate of 6% compounded bi-monthly.10 years8 years12 years14 years Answer both otherwise I will Dounvote
What is the present value of $14,000 to be received in one year if the interest rate is 8% p.a.? a. $6000 b. $15120 c. $12963 d. $22000
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If P100 is placed in an account that requires a rate of return of 4%, compounded quarterly, what will it be worth in 5 years? a. P121.67 b. P525.51 c. P486.66 d. P122.02
Question 1 If the interest payments are done semi-annually, what is the initial investment to be so that 6 years later the amount will be TL84.000? Interest rate is 26% pa. Your answer: 3,621 O 19,379 22,992 25,347 50,694
How much will you pay for an investment if you expect to receive $7.000 end of each years for 5 years and if the appropriate interest rate is 4.5%? $27,831.47 $29,851.84 O $29,083.89 O $30,729.84 $38,294.97 O $8,723.27
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N1 What is the value today of an investment that will pay $3,947.00 every six months for 27 years? Assume the first payment is made 5 years from today. The annualized interest rate is 9.00% p.a.

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How much money be invested today in order to withdraw P1500 per year at the end of each year for 8 years at an interest rate of 8%? O P8,620 O P8,260 O P8,206 P8,602