SIMPLE INTEREST 8. How much should Mrs. Dolores invest today in a time deposit with 5.5% interest if she expects to have P175, 000 for his son's education at the end of 5 years? 9. Mr. Pascual, an airline owner, decided to invest P2.5 million to fund his department handling spare parts replacement. How long will it take his investment to accumulate to P3.325 million if the bank's interest rate is 5.5%? COMPOUND INTEREST 5. Jamie wants to have P45,000 in 2 years to buy a new computer. How much money should he invest today in a fund that earns 5% compounded quarterly to get this amount after 2 years? 7. At what rate compounded monthly should P25,000 be deposited in a bank to gain an interest of P4,500 in 3 years? ANNUITIES 4. A student ivests Php 500 every 6 months at 4% compounded semi-annually. Find his savings in 12 years. 5. Anika purchased a property and pays Php 250,000 cash and the balance is to be repaid in 20 annual payments of Php 10,000 each. If money is worth 4.5%, what is the cash value of the property?

SIMPLE INTEREST 8. How much should Mrs. Dolores invest today in a time deposit with 5.5% interest if she expects to have P175, 000 for his son's education at the end of 5 years? 9. Mr. Pascual, an airline owner, decided to invest P2.5 million to fund his department handling spare parts replacement. How long will it take his investment to accumulate to P3.325 million if the bank's interest rate is 5.5%? COMPOUND INTEREST 5. Jamie wants to have P45,000 in 2 years to buy a new computer. How much money should he invest today in a fund that earns 5% compounded quarterly to get this amount after 2 years? 7. At what rate compounded monthly should P25,000 be deposited in a bank to gain an interest of P4,500 in 3 years? ANNUITIES 4. A student ivests Php 500 every 6 months at 4% compounded semi-annually. Find his savings in 12 years. 5. Anika purchased a property and pays Php 250,000 cash and the balance is to be repaid in 20 annual payments of Php 10,000 each. If money is worth 4.5%, what is the cash value of the property?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Angel owned a property costing Php. 2,000,000.00. She exchanged her property with the lot of Princess with an FMV of Php. 2,500,000.00. The parties have agreed that Angel will pay an additional cash of Php. 300,000.00. COMPUTE THE GAIN ON EXCHANGE THAT ANGEL SHOULD RECOGNIZE
Mr. and Mrs. Vega gave the following gifts of conjugal property on July 15, 2021. To Barangay South, a parcel of land valued at P 1,500,000 To Delmont, a charitable institution, cash of P 500,000 To Mama Mia, mother of Mrs. Vega, her exclusive property worth P 750,000. At the time of donation, the property was mortgage for P 300,000 which was assumed by Mama Mia. How much is the donor’s tax due of Mr. dela Cruz? How much is the donor’s tax due of Mrs. Dela Cruz?
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Victoria has the following property income in 2022/23. i) She let a house to tenants throughout the year at a monthly rate of £800. She incurred the following expenditure during the year Insurance Cleaning Boiler service Replacement of windows with improved widows Letting agent fees 600 200 350 5,250 900 ii) She let out another house for part of the year. It was first let to tenants from 1 June 2022 at a monthly rent of £950. She paid £250 to advertise the property before it was let. During the year she paid £400 insurance in respect of the property. iii) On 6 April 2022 she let out a leasehold office building. The tenant paid £12,000 for the grant of a 12-year lease, in addition to annual rental of £18,000. During the year Victoria paid £900 insurance in respect of the building. iv) Throughout the year she let out a room in the house she lives in for £9.600 per annum. The expenses relating to the room in the year were £1,200. Required: a) Calculate Victoria's property business profits…
Angel owned a property costing Php. 2,000,000.00. She exchanged her property with the lot of Princess with an FMV of Php. 2,500,000.00. The parties have agreed that Angel will pay an additional cash of Php. 300,000.00. COMPUTE THE GAIN ON EXCHANGE THAT ANGEL SHOULD RECOGNIZE
Hardev
Mr. A, Filipino, married, died on January 1, 2020 leaving the following: a.) Property inherited from his father who died January 2, 2019: 1. Agricultural land 2. Residential land P 300,000 700,000 b.) Property inherited from his mother who died on November 1, 2014, one day after Mr. A's marriage to Mrs. A. P 400,000 200,000 1. Fish Pond 2. Jewelry c.) Property acquired thru Mr. A's labor 1. Řesidential house and lot used as family home P10,800,000 900,000 2,800,000 2. Motor Vehicles 3. Commercial Land The commercial land has a mortgage of P300,000 of w/c P 200,000 was paid by Mr. A before his death. Also, Mr. A by will bequeathed to the City of Manila for exclusive public purpose the sum of P50,000. The agricultural land and residential land were previously mortgage for P400,000 when inherited whose P150,000 was paid by Mr. A during his lifetime. The estate tax incurred the following expenses a. Funeral Expense b. Judicial Expense c. Claims against the estate P90,000 80,000 250,000…
1
Paid 135,00 from the business funds for the repair and maintenance of his residence. Journal Entry
Nicanor is a married man with surviving spouse: Community Properties: Real Property located in Manila - Php 5,000,000 Bank deposits - Php 5,000,000 Exclusive Properties: Family Home in Nueva Ecija - Php 10,000,000 Other Exclusive properties - Php 2,000,000 Community Deductions: Funeral Expenses - Php 500,000 Other Valid Deductions - Php 1,000,000 Medical Expenses - Php 1,000,000 Case 1: Assuming Nicanor is head of the family, how much is the estate tax due? Case 2: Assuming Nicanor is head of the family, how much is the net distributable estate? Case 3: How much is the estate tax due?
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