Q: 5. An engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years.…
A:
Q: Michigan Tech received a donation of $436,133 to be used for scholarship funds. The money will be…
A: Cash flow:The sum of the total money is represented in the diagram. It represents the magnitude and…
Q: Q2. You want to purchase a car that worth $22,678 by making a down payment of $2,678 and paying the…
A: Cost of Car = 22,678 Down payment = 2,678 n = 48 annual rate = 8.5 or 8.5/12 = 0.70833%
Q: Question 5 For the below cash flow diagram, determine the equivalent present worth Y for a given…
A: The problem is asking us to find the present worth (Y) of a series of future cash flows. The cash…
Q: P 1,500.00 was deposited in a bank account, 20 years ago. Today it is worth P3,000.00 interest is…
A:
Q: ou are considering investing $2,000 (n=0) at a simple interest rate of 11% annually for five years…
A: Investment plan 1: $2000 at n=0 at 11% simple interest rate for five years Plan 2: Invest $1500 at…
Q: 10. Five years ago, you paid P3,400,000 for the house and lot. If you sold it today for P5,000,000,…
A: (10) Five years ago, you paid P3,400,000 for the house and lot. If you sold it today for P5,000,000,…
Q: I put $500 in a bank a year ago at an interest rate that compounded annually. When I withdrew my…
A: Given: Amount received today = $540 Amount deposited a year ago = $500 Number of years = 1 Rate of…
Q: Discount P1,650 for 4 months at 6% simple interest. What is the discount?
A: Given, Amount (P)=$1650 Time period (T)=4 months Simple Interest (R)=6%
Q: An elderly lady decided to distribute most of her considerable wealth to charity and to keep for…
A: Perpetuity(P) refers to the sequence of infinite payments received on the initial deposit(D). The…
Q: Banking. Liam's chequing account had a balance of $3,500.00 on September 1st. After reviewing his…
A: A financial records is said to have "non-sufficient assets" (NSF), when it comes up short on money…
Q: Suppose that you have the option to lease a new Mitsubishi Eclipse, which you otherwise intend to…
A: An individual rents a property to another person for some time and at the end of the period, the…
Q: If you sell in March a bond future contract for 125 that matures on June 30 of the same year, and at…
A: Rate at which bond future contract is sold in March = $125 Maturity date = June 30 And price at the…
Q: A bank account pays 4 percent interest per year. If you deposit $1,000 into this account at the…
A: Given information - Rate of interest = 4% annually Deposit = $1000 every year
Q: A. How much money should be deposited each year for 12 years if you wish to have $25,200 in the…
A: The future worth formula is FV=PV(1+i)n , where the PV rises for each period into the future by a…
Q: 3. How much do you need to deposit today (P) to withdraw BD25,000 at n=1, BD3,000 at n= 2, and…
A: Given amount to withdraw in year 1 = 25000 Year 2 = 3000 Year 4 = 5000 Interest rate = 10 %
Q: If you deposit $4,000 4 years from today, how much can you withdraw 10 years from today if interest…
A: Compounding refers to the process in which the interest is incur on both the principal amount and…
Q: Celine wishes to retire at age 6767 with $1,400,000$1,400,000 in her retirement account. When she…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Problem 4: Today, you invest P100,000 into a fund that pays 25% interest compounded annually. Three…
A: Interest rate is the amount charged over and above the principal amount by the lender from the…
Q: BRAM Question 3 (15%) You need to borrow $20,000, and two different companies offer you the…
A: **Loan Amount: 20,000∗∗∗∗MARR(MinimumAttractiveRateofReturn):5∗∗PlanA:DecreasingAnnualPayment∗∗ Year…
Q: Dennis Lamenti wants to buy a new car that costs $15,824.24. He has two possible loans in mind. One…
A: By definition, simple interest is the interest amount for a specific principal amount of money at…
Q: You are making $200 monthly deposits into a savings account that pays interest at a nominal rate of…
A: Future value (FV) is the worth of an asset now based on an anticipated rate of increase in the…
Q: it costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can…
A: Cost = 30,000sell 20,000 gallons per monthr = 1%
Q: Sean took an education loan for his MBA today. He borrowed Php 425,000 from the bank at a rate of…
A: When an individual takes a loan from the bank, the individual has to pay back the principal amount…
Q: a law firm has contracted their client to make the following payment, based on the following…
A: Given, Payments: P10,000 immediately. P1,000 at end of 1 year. P1,500 at end of year 2 P2,000 at end…
Q: You are planning to invest $4,000 in an account earning 8% per year for retirement. a. If you put…
A: In the referenced inquiry we are posed with regards to the future worth we will finish from the…
Q: Home heating accounts for approximately one-third of energy consumption in a typical U.S. household.…
A: 1. Cost of corn-burning stove: $2,4002. Estimated annual savings: $3003. Lifespan of the stove: 11…
Q: Bruce Wayne has a child and wishes to determine what lump sum would have to be paid into an an…
A:
Q: principal of P27,723 is placed in a saving account at 5.23% per annum compounded annually. How much…
A: Principal = P27,723 r = 5.23 n = 3
Q: ack Rabbit has saved $10,000 annually for the last 35 years in an account eaming 8%. If Jack…
A: Jack saved $10,000 over last 35 yearsThe interest rate is 8%. Jack estimates he will be living for…
Q: Linda deposits $60,000 into an account that pays simple interest at a rate of 6% per year. Bob…
A: Simple interest:Simple interest is the amount that you get on your deposits. it is fixed not…
Q: It's October 21 and the air conditioner at the Brown household has just gone out. Fortunately, they…
A: FV = 3,500 n = (deposit from 21 Jan to 21 may) i.e. 5 months r = 1.25% per month
Q: Consider the following cash flow: A1=−900 A2=−1,100, A3=−1,300 A4=−1,500.…
A: Given the cash flow schedule Period Cash flow 0 1 -900 2 -1100 3 -1300 4 -1500…
Q: You are going to put $X into an account each year for 5 years, beginning in Year 1. Then, from Years…
A: We have been given the following cash flows:Cash outflows from year 1 (beginining in year 1) to year…
Q: 8. Jones Corporation borrowed P9,000 from Brown Corporation on Jan. 1, 1978 and P12,000 on Jan. 1,…
A: Cashflow shows the stream of cash we get within the period. It includes the cash paid and cash…
Q: The simple interest on a sum of money for 5 years at 4.53 % per annum is P5,584. What will be the…
A: The difference between simple interest and compound interest is that compound interest is charged on…
Q: If you take four (4) $100 bills out of your secret hiding place and deposit them into your savings…
A: Here, $100 bills are kept with the individual at his secret hiding place. This money will be…
Q: 2. You want to purchase a car that worth $22,678 by making a down payment of $2,678 and paying the…
A: Equated Monthly Installment( EMI), is the sum that must be paid each month to the bank or other…
Q: Determine the equivalent value of x from the cash flow in G₁ i% ↑ X
A: Net Present Worth (NPW), also known as Net Present Value (NPV), is a financial metric used in…
Q: Gabriel borrowed P 20,000 from his friend and agrees to pay at the end of 90 days under 8% simple…
A: Answer to the question is as follows:
Q: What is the ordinary interest on P1,350.75 for 163 days at 3.5%?
A: Given information, Principal amount (P): P1,350.75 Time period (t): 163 days Interest rate (r):…
Q: Stan Moneymaker has the opportunity to purchase a certain U.S. Treasury bond that matures in eight…
A: Discounted Value or present Value is the calculation of the future sum of money in today's dollars…
Step by step
Solved in 2 steps
- Suppose you make an annual contribution of P11,036 each year to a college fund for a niece. He is 5 years now, and you will start next year and make the last deposit when he is 21. The fund is a money market account earning 8.82% per year. What will it be worth immediately after the last deposit? Write your answer in two decimal places.T o p i c : I n t r o d u c t i o n t o F i n a n c i a l M a r k e t s W h a t r o l e d o f i n a n c i a l m a r k e t s p l a y i n o u r e c o n o m y ? W h a t a r e p r i m a r y a n d s e c o n d a r y m a r k e t s ? W h a t r e l a t i o n s h i p e x i s t s b e t w e e n f i n a n c i a l i n s t i t u t i o n s a n d f i n a n c i a l m a r k e t s ? W h a t i s t h e m o n e y m a r k e t ? W h a t i s t h e E u r o c u r r e n c y m a r k e t ? W h a t i s t h e c a p i t a l m a r k e t ? W h a t a r e t h e p r i m a r y s e c u r i t i e s t r a d e d i n i t ?You just accepted an offer from XYZ Petrochemical Company in Louisiana. As a sign up bonus, the XYZ will deposit $10,000 in a retirement account for you which generates 12% return annually. In addition, the company deposits $5,000 every year in the same account, if you stays with XYZ. How much money will be accumulated in this account if you decide to retire 40 years from now?
- Deposits are made to an account as indicated in the table below (i = 1% per quarter): End of qtr 0 (initial deposit) 1 2 3 4 5 a. Deposit P 100,000 100,000 100,000 0 150,000 0 End of qtr 6 7 8 9 10 Deposit 0 150,000 0 200,000 200,000 What will be the balance at the account at the end of the tenth quarter (that is, after the deposit of $200,000)? b. What one sum at the end of the fifth quarter is equivalent to the specified series of deposits?Economics Assume i = 8%/year. How much money do I have to deposit today (end of year O) in an account that will generate $25000 per year from year 10 to infinite. Please show all steps. Will thump upWhat will a $90,000 house cost 10 years from now if the price appreciation for homes over that period .averages 3% compounded annually?
- If $4,000 is borrowed today and $8,955 is paid back in 10 years, what interest rate compounded annually has been earned? % Round entry to one decimal place. Tolerance is ±0.2.A machinist bought a generator set for P12,000 and agreed to pay the dealer uniform sum at the end of each year for 7 years at 7 % compounded annually, that the final payment will cancel the debt for the principal and interest. What is the annual payment? Select the correct response: P2,928.45 P2,504.56 P2,226.64 P2,734.89You know that paying yourself by depositing money in a savings account is a prudent start to your retirement plan. You determined that, based on your other obligations, you can save 6,375.00 per year via an annual, single year-end deposit. You are 35 years old now, so your money will grow for the next 30 years until you turn 65. You will open a savings account at the Wells Fargo branch near your home. Its savings accounts are paying 6% interest. The following table shows the future value factors for various periods and interest rates: Future Value of an Annuity Factor Year 2% 3% 5% 6% 8% 9% 10% 10 10.950 11.460 12.578 13.180 14.487 15.190 15.937 12 13.412 14.190 15.917 16.870 18.977 20.140 21.384 15 17.293 18.600 21.578 23.270 27.152 29.360 31.772 20 24.297 26.870 33.066 36.780 45.762 51.160 57.274 25 32.030 36.460 47.726 54.860 73.105 84.700 98.346 30 40.567 47.570 66.438 79.060 113.282 136.300 164.491 35 49.994 60.460 90.318 111.430 172.314 215.700…
- Your parents make 20 equal annual deposits of $2,000 each into a bank account earning 3% interest per year. The first deposit will be made one year from today. How much money can be withdrawn from this account immediately after the 20th deposit?40. Determine the exact simple interest on P10,000 for the period from January 10 to June 15, 2002, if the rate of simple interest is 12%.X Your answer is incorrect. A total of $55,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring 1 month after receipt of the $55,000. The stated interest rate is 5% compounded monthly. What monthly payment should be made? $ 1042.27 Round entry to the nearest dollar. Tolerance is ±4.