student plans to deposit P1, 500 in a bank now and another P3, 000 for the next two years. If he plans to withdraw P5, 000 three years after his deposit for the purpose of buying shoes. What will be the amount of money left in the bank one year after his withdrawal? Effective rate is 10%.

Q: Determine the exact simple interest on P 5,000.00 for the period from June 15 2015 to November 28,…

A: There are two parts one is simple interest for years and simple interest for days .  Assuming that…

Q: Production of Oranges (x) and Pineapples (y) is given by x^2/36+y^2/16=1; Utility for the farmer is…

A:

Q: An oil and gas producing company owns 40,000 acres of land in a southeastern state. It operates 650…

A: Given that, Revenue from oil is $2000000 per year Revenue from natural gas is $560000 per year…

Q: 2008 $1,000 2009 ΕΟΥ $1000-G 2010 $1000-2G 2011 2012 $ 1000-3G &F=

A: Given  Uniform gradient G = -50 At 2009, Cash flow =1000-G=950 Rate of interest =15% Formula:…

Q: Regular payments of $2000 are made at the end of each compounding period. The account earns a rate…

A: The future value of an investment is the returns received by an individual at the given interest…

Q: A=1, F=25.84, n=15, draw a cash flow diagram and find i.

A: The cash flow diagram will be a graphic representation for the monetary value of cash flows at…

Q: A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000…

A: A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000…

Q: Determine the present worth of the following cash flows if the interest rate is 4% per year: 2 Year…

A: The present value of a cash is the amount of money that would need to be invested today in order to…

Q: What is the present worth of a $700 payment that occurs at the end of year 1 and repeating yearly…

A: Present value is the sum of money that has been discounted from a certain future value or from a…

Q: Tuition at a local college is currently $4,000 per year. If tuition rates are expected to increase…

A: The present amount of annual tuition and annual rate will be used to determine the annual tuition 19…

Q: A car dealer advertise the sale of a car model for a cash price of P350,000. If purchased on…

A:

Q: Major overhaul expenses of $5000 each are anticipated for a large piece of equipment. The expenses…

A: Net present value is the present value of the cash flows at the required rate of return of the…

Q: A bond with a face value of $10,000 pays interest of 7% per year. This bond will be redeemed at its…

A: Formula used- Pv = fv(p/f,i,n) + coupoon payment(p/a,i,n)

Q: Sonia’s house is worth $350,000. Homes have been appreciating at 5.7% per year for several years. If…

A: Today's worth of Sonia's house = $350,000 Appreciation rate = 5.7% = 0.057 Time period = 15 years

Q: (b) Rahmat plans to withdraw his money RM 3,090 each year for five years, beginning at the 14th…

A: We have given that Rahmat is planning to withdraw money RM3090 each year for five years starting…

Q: What interest will be owed on your bank on a loan of P25,500 at the end of 3 years, 7months and 20…

A: Simple interest refers to the money that is paid on principal. Total amount is the sum of interest…

Q: Only typed solution

A: The objective of the question is to find out the remaining balance in Sarah's account after her last…

Q: If the total cash flows = the end of the period 200,000 then the cash flow at the beginning of the…

A: The data presented in the question above is:- Total cash flows= $22,000 Cash flow at the end of the…

Q: 4. Find the future worth in year 10 of an investment that starts at P8000 in year 1. The interest…

A: Present value PV of the investment = P8000 Rate of interest (r) = 10%  time (n)= 10 years

Q: Ramoncito borrowed P100,000.00 on October 31, 2019 from Barboncito and the loan has an interest rate…

A: Present value = 100,000 on October 21, 2019  interest rate = 6% per year Time = 1 day in October +…

Q: Tuition at a local college is currently $3,600 per year.  If tuition rates  are expected to increase…

A: The present value is the current value of future sum of the money.  The future value is the…

Q: BROAN Technologies is considering the purchase of an annual maintenance contract for its heating and…

A: Given  The annual cost of the contract is $4600 and this contract starts at the end of year 4 and…

Q: An electronic device is available that will reduce this year's labor cost by$13232.The equipment is…

A: When referring to interest compounding, which is calculated twice per month, the term "compounded…

Q: The maintenance cost of a certain equipment is P40,000 per year for the first 5 years, P60.000 per…

A: Given the information: Interest rate = 6% Maintenance cost per year till 5th year = P40000…

Q: An annual deposit of A1-$1,500 in a saving account is made for 6 years starting year 1. In year 9, a…

A: A1 = $1500 n1 = 6 years In year 9 - OTD - $3500 In year 11 - OTW - $2500 From year 12: A2 = ?  n2 =…

Q: An engineer has invented a new high-speed wireless charging system. The engineer is considering…

A: Cash Flow 50,000 and increase by 5000

Q: Alexandr makes 15 equal annual deposits of $1,000 each in a bank account paying 5% interest. How…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: An Australian-based energy drink manufacturer plans to expand its international markets to the…

A: Annual Equivalent amount or the equivalent annual cost(EAC) is the cost of maintaining, operating…

Q: Find the accumulated amount of P3,500 invested 6.25% compound monthly at for a period of 5 years.

A: As the given information  Present value = P3500, Interest rate = 6.25% compounded monthly  and year…

Q: Problem 4-9 Tom started investing, as soon as he started his first job, at the rate of $400 per…

A: Simple interest and compound interest are two methods used to calculate the interest earned or paid…

Q: Ramoncito borrowed P100,000.00 on October 31, 2019 from Barboncito and the loan has an interest rate…

A: A loan usually refers to a sum of money obtained from a bank or another financial institution. The…

Q: Simple interest of P1,235 is owed on a loan of P9,500 from January 2, 2016 to November 15, 2016.…

A: Simple interest (SI) = PxRxT100

Q: A debt of RM100,000 today is to be paid by payments of RM20,000, RM30,000, RM15,000, and the final…

A: We are going to find the value of X using Time value of money concept to answer this question.

Q: An electronic device is available that will reduce this year's labor cost by$13232.The equipment is…

A: The maximum amount we could justify spending for the device is the present value of the labor cost…

Q: For an APR of 11.00% per year, if the interest is compounded weekly determine the nominal rate per…

A: The Annual Percentage Rate (APR) is the annual rate charged for borrowing or earned through an…

Q: What lump-sum amount of interest will be paid on a $10,000 loan that was made on August 1, 2012, and…

A: Given that, Principal amount =$ 10,000 Rate of interest = 10% or 0.1

Q: Calculate the annual force of interest which is equivalent to an effective rate of interest of 2.2%…

A: Calculate the annual force of interest which is equivalent to an effective rate of interest of 2.2%…