Kat receives ₱10,000.00 monthly starting on Mar. 2, 2023 until Feb. 2, 2024 as a cash gift from Prince Cyrus. Assume that money is worth 8.4% convertible monthly. 1. If she was to claim the entire worth of these cash gifts today, Dec. 2, 2022, then how much is she entitled to receive from Prince Cyrus? 2. If she wishes to return the money to Prince Cyrus on May 2, 2024, how much should she return in total? 3. Out of curiosity, Kat wants to know how much should she receive in total as the current value of all these cash gifts on Aug. 2, 2023. How much is the current value? 4. Prince Oscar offered to give Kat ₱20,000 every month from Mar. 2, 2023 to Aug. 2, 2023 at 4.8% payable monthly. Kat is curious to know how much is the worth of these cash gifts from Prince Oscar on Aug. 2, 2023. How much is it? 5. Indifferent of her feelings towards the two princes, who offers Kat cash gifts of larger current value on August 2, 2023?
Kat receives ₱10,000.00 monthly starting on Mar. 2, 2023 until Feb. 2, 2024 as a cash gift from Prince Cyrus. Assume that money is worth 8.4% convertible monthly.
1. If she was to claim the entire worth of these cash gifts today, Dec. 2, 2022, then how much is she entitled to receive from Prince Cyrus?
2. If she wishes to return the money to Prince Cyrus on May 2, 2024, how much should she return in total?
3. Out of curiosity, Kat wants to know how much should she receive in total as the current value of all these cash gifts on Aug. 2, 2023. How much is the current value?
4. Prince Oscar offered to give Kat ₱20,000 every month from Mar. 2, 2023 to Aug. 2, 2023 at 4.8% payable monthly. Kat is curious to know how much is the worth of these cash gifts from Prince Oscar on Aug. 2, 2023. How much is it?
5. Indifferent of her feelings towards the two princes, who offers Kat cash gifts of larger current value on August 2, 2023?
6. Due to too much excitement and after receiving the cash gift due on June 2, 2023, Kat wishes to receive the value of the remaining cash gifts. How much should Prince Cyrus give her as the value of the remaining cash gifts?
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