Marcus bought a luxury car worth P2,000,000. He then decides to pay in a 6 year long installment because he is sure to pay P500,000 at the end of 2nd, 4th, and final year. How much down payment will he give if the interest is at 15% compounded semi-annually.

Q: decided to deposit ISK 200, 000. deposit into a bank account, annually, for the next 5 years, which…

A: Annual deposit=ISK 200000Interest rate for 2 years=8%Interest rate for 3 years=6%

Q: Howard receives  a tax bill from the Revenue  commissioners for €14000 he has the option to repay…

A: The present value shows what the value is today of some future sum of money. The present value of…

Q: Johan recently received his annual performance bonus from his employer. He has set up an investment…

A: An annuity due is a financial arrangement where a fixed amount of money is paid or received at the…

Q: Aaron is planning to buy an apartment. He earns a monthly income of RM40,000 and plans to put aside…

A: The is based on the calculation of mortgage loan and value of property as per eligibility of loan .…

Q: Mr and Mrs Chong are considering two types of education saving for their children. Saving A requires…

A: Here, Details of Saving A: Deposit Amount is RM 500 at the end of each month Interest rate is 3%…

Q: ack buys a a car from a chant who offers P 748,000.00 at the end of 5 years. Jack wishes to pay…

A: As per the honor code of Bartleby we are bound to give the answer of first three sub part, please…

Q: Roberto bought a $280,000 house, paying 20% down, and financing the rest at 5.2% interest for 30…

A: Mortgage loans are paid by monthly payments that carry the payment for interest and payment for…

Q: Mark deposits $50,000 now into an account which will eam interest at a rate of 7% per year, how much…

A: Present value = $50,000 Interest rate = 7% Number of years = 4

Q: A man deposits ₱2000.00 today at 8% account. He intends to deposit ₱5000.00 at the end of two years.…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: Omar wants to buy a house in another 7 years. The type of house he wants to buy is currently selling…

A: Future value: Future value is $97,435.86

Q: receives his first $121,890.95 payment in 3 years and his last $121,890.95 payment in 7 years, then…

A: The rate of return is used to assess an investment's profitability. It determines the gain or loss…

Q: am was injured in an accident, and the insurance company has offered him the choice of Php25,000 per…

A: Annuity is a type of investment where periodic amounts are paid or received over a fixed period of…

Q: To secure the future of his son, a man plan to deposit P50,000 in a bank account every quarter for 5…

A: Effective interest rate There is different frequency of deposited amount and the compounding of…

Q: Chet just bought an $80,000 BMW and now has regular annual payments of $8,000 per year starting one…

A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: kenzo decided to buy a brand new car worth php 1, 200, 000 and plan to amortize the loan in monthly…

A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…

Q: Saturnino won a lottery and will receive a check for P700,000 at the beginning of each quarter for…

A: An annuity is a periodic cash flow that occurs at regular intervals. The future value of the annuity…

Q: Carlos buys a house for 1,200,000 pesos. He makes a 20% down payment and the balance he takes a loan…

A: Solution: amount of loan = 1,200,000 * 80% = 960,000 Nos of monthly periods =15*12 = 180 Monthly…

Q: Patrick makes payments of $250 per month at the end of each month. At the end of 10 years, he wants…

A: The rate of interest required to have the desired amount can be calculated with the help of rate…

Q: Allan plan to go to London to visit friends in three years. The trip is expected to cost a total of…

A: The present value function or concept can be used to determine the present value of a future sum or…

Q: Reuben Mahlangu invests quarterly an amount of R50000 over four years at an interest rate of 2% per…

A: Future value:Future value is a financial concept that refers to the amount of money an investment…

Q: Margarita borrows R10,000 from her uncle and agrees to repay it in monthly instalments of R200. Her…

A: Loans are paid in equal monthly payments and these payments carry the payment for interest and…

Q: Samy would like to buy a house with cash ten (10) years from now. The house is currently selling at…

A: Annuity means a series of finite number of payments which are the same in size and made in equal…

Q: Allison is considering paying $400 a year for an extended warranty on several of her major…

A: Rate of interest =2% Period =5 years  Payment =$400 per year  Future value FACTOR =(1+r)n/r Future…

Q: He wants to deposit his savings into a bank account. How much does Jacob have to deposit now in the…

A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: Ali buys an apartment for RM150,000. He makes a 10% down payment and finances the balance through…

A: Loan amount (L) = Price - Down payment = 90% of RM 150000 = RM 135000 Monthly payment (M) = RM…

Q: William got a loan for 25,000 dlls to be payable in 19 years with interest rate of 1.7 percent per…

A: Loan amount = 25000 dlls Period = 19 Years Annual interest rate = 1.7%

Q: Peter Penniless owes Wendy Worth $5 000 due in two years from now, and $3 000 due in five years from…

A: annual rate = (1+ 12%/2)^2 - 1 = 12.36% Present value of the debt after making 4000 payment =…

Q: Bro decides to take out a loan for $50,000 for 5 years at 7% monthly. If he pays an extra $200 per…

A: Installment is the periodic amount paid by the borrower to the lender in order to pay back the loan…

Q: Leon wants to save a classic car so he deposits $1500 at the end of the years into a savings account…

A: We need to use future value of ordinary annuity formula to calculate worth of deposit after 5 years.…

Q: Milo borrows $5.000 from an institution that charges 8.5% interest per year. How much more will Milo…

A: Loan are amount borrowed from the financial institution and is the amount charged above the loan is…

Q: Nur's father bought a car for RM104,000. He paid an advance of RM24,000 and the balance will be paid…

A:

Q: To secure the future of his son, a man plan to deposit P50,000 in a bank account every quarter for 5…

A: Solution:- When an amount is deposited each period at beginning of period, it is called annuity due.…

Q: Tak wants to save $10 000 for a vacation. He deposits $150 at the end of each month for 4.5 years in…

A: Solved using Financial Calculator  PMT = +/- 150 N = 4.5 years *12 months = 54 I/Y = 8.7/12 = 0.725…

Q: Vanessa was supposed to make a payment of $3,500 in 2 years and another payment for $1,800 in 5…

A: Equivalent value today is the present value of both payments based on time and interest rate of…

Q: Mr. Ali deposited 500 OMR today into a security that pays him 10 % interest compounded. He  wanted…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Mr. Ali deposited 5000 OMR today into a security that pays him 10 % interest compounded. He  wanted…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Peter takes out a loan of R1000000 to start a new business. After 14 years his business grows and he…

A: In the given question, no details are given regarding re-payments i.e whether any monthly or annual…

Q: 8) An engineer received a bonus of $10,000. If he deposits it now at an interest rate of 8% per…

A: Let the money accumulate for n years. Bonus (B) = $10000 r = 8% Amount to be withdrawn after the…

Q: Phil graduates in 3.5 years and wants to buy a new car then. How much should he save now to have…

A: Present Value (PV) refers to the current value of a future sum of money, discounted at a specific…

Q: Khairul secured a bank loan of RM 180,000 to help the purchase of a house. The mortgage is to be…

A: A mortgage is a loan obtained to purchase a property, such as a house or a piece of land. The…