Php100,000 is left in the bank for 20 years. At time 20, regular withdrawals annually will be done for 10 years. How much is the regular withdrawal if the interest rate is 10% compounded annually?

Q: A 20 year loan of $100, 000 at i = 6% is paid off by paying 125% of each year’s interest at the end…

A: Term of Loan20yearsLoan amount100000Interest rate6%

Q: How much money will be in the bank account at the end of 4 years if $5000 is deposited at the end of…

A: Future value: It implies to the value that an investment will carry at some point of time in future…

Q: You borrow $35,000 at 10.25% interest compounded monthly. If you are unable to make any payments for…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: How much will Kingston Technologies have to pay each year in 11 equal payments, starting 2 years…

A: Number of Payment = n = 11Time = t = 2 Present Value = pv = $900,000Interest Rate = r = 15%

Q: A promissory note will pay $52,000 at maturity 8 years from now. If you pay $25,000 for the note…

A: A promissory note is a written promise made by one party (the "issuer" or "maker") to pay a specific…

Q: You will receive $1,000 forever starting from the end of next year. The account pays 10% compounded…

A: Payment = p = $1000Interest Rate = r = 10%

Q: You have a financial goal of $140,000. The rate is 3% compounded annually. The time is 16 years.…

A: Formula to calculate annual periodic deposit Annuity=FV *r[(1+r)n-1] Where, FV = Future value r =…

Q: How much will Kingston Technologies have to pay each year in 11 equal payments, starting 2 years…

A: An annuity is a financial product that provides a regular income stream to an individual for a…

Q: A bank projects that the value of an account they hold will be $2, 000, 000 in 5 years. If the…

A: Future value (FV) = $2,000,000 Period (t) = 5 Years Interest rate (r) = 5% Mathematics constant (e)…

Q: $15,000 is invested for 5 years at an annual simple interest rate of 17%. a) what will you earn in…

A: Interest = Principal * Rate * Time

Q: With an interest rate of 14.5% compounded annually, how much will be required in 10 years to repay a…

A: To determine the amount that will be needed after 10 years to repay the loan received today, we need…

Q: Using a 5% annual compound interest rate, what investment today is needed in order to withdraw…

A:

Q: If 2400 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: Future value(FV) is the value of initial investments at a future date after compounding it with a…