Ms. Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000 in five (5) years. If she has money earning 8% converted quarterly, which is a better purchased plan and by how much?
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Ms. Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000 in five (5) years. If she has money earning 8% converted quarterly, which is a better purchased plan and by how much?
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- Jason wants to purchase property for $88,000 cash or he can purchase the property for $30,000 down and 2 equal payments of $30,000 at the end of 1 and 2 years respectively. If money is worth 4% compounded monthly then which is the best plan now? a) How much will Jason save now by choosing the best plan?. Suppose someone his earned income per year is $7000, and the income guarantee, IG, is $5000. And assume that the tN, the rate at which the transfer is received by him is 50%. Then the disposable income of the recipient in relation to earned income is:An aunt gifts you with $12,000, but only after you invest it for one year. She givesyou two choices.1. Invest the entire sum at 4.2% compounded monthly.2. Invest $1000 at 7.1% each month in an annuity that pays every month.(a) What is the future value of the money invested with method 1?(b) How much interest is earned with method 1?(c) What is the future value of the money invested with method 2?(d) How much interest is earned with method 2?(e) Which method would you choose?
- If she starts now, how much does Sally need to save each month for the next 9 years to accumulate $110,000 to be able to buy her dream vacation property. Assume she will be able to get a 2.5% annual rate of return on the savings. Input your answer to the nearest dollar. Answer: Check 4You can buy a piece of land today that you except will be worth $15000 in 9 years. Assuming your money is worth 9%, how much would you be willing to pay for the property?(b) Aminah plans to buy a house in Shah Alam which the market price is RM450,000. To buy the house, she needs to pay 10 percent down payment and only has 5 years to accumulate that amount of money. Calculate the amount she needs to deposit every year if the account pays 8 percent interest annually.
- If you desire to have $15,000 for a down payment for a house in five years, what amount would you need to deposit today? Assume that your money will earn 5 percent. Use the appropriate factor(s) from the tables provided (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D)If you desire to have $25,000 for a down payment for a house in five years, what amount would you need to deposit today? Assume that your money will earn 3 percent.A real estate investor feels that the cash flow from a property will enable his to pay a lender Rs. 15,000 per year, at the end of every year, for 10 years. How much should the lender be willing to loan her if he requires a 9% annual interest rate ? Use excel
- If you desire to have $15,000 for a down payment for a house in six years, what amount would you need to deposit today? Assume that your money will earn 2 percent. Use the appropriate factor(s) from the tables providedWHICH INVESTMENT?Jan Reus sold her home and has $ 18.000 to invest.She believes she can earn 8% compounded quarterly Find the compound amount if she invests for (a) 3 years and (b) 6 years. (c)Then find the additional amount earned due to the longer time period.Sandra needs to save $46000 over the next 5 years. If she can save $6400 per year and earn an 12% rate of return on an annualized basis, by how much (approximately) will she exceed or fall short of her goal?