Suppose that your parents have enough money to buy a car and a house. The car that they want to buy costs P 800,000.00 while the house costs P 3,000,000.00. According to economists, the depreciation rate of car is 15% annually while the appreciation rate of houses in the Philippines is 2.4% annually. If after 10 years they want to sell both, how much will be their money?

Q: A  company has an investment project project that would cost $10million today and yield a payoff of…

A: To find the exact cutoff of the interest rate between profitability and non-profitability.we are…

Q: Instead of saving up, you decide to finance the laptop. What will your monthly payments be if you…

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Q: my bank pays 4% interest and inflation is 3 % what is my real interest.

A: given that:  Nominated interest rate = 4%  Inflation = 3% We use here the formula of real interest…

Q: The figure shows estimated medical costs versus what a user actually pays for three health insurance…

A: Observe the graph clearly you can see that at 3000 estimated cost Value for 1000 deduction is around…

Q: Suppose you’d like to save enough money to pay cash for your next used car. The goal is to save an…

A: Given that, to save an extra $8000 over the next three years.To find the amount of monthly payments…

Q: Suppose you have budgeted $ 1130 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Given that, the monthly payment towards a mortgage is $1130, the number of years is 30 years and the…

Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: Bank ZLX is offering personal loans to of up to $50,000.  The loan would have to be paid off making…

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Q: Chapter 9.4, Question 8 What single payment today would replace a payment of $5000 in one year and…

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Q: A recent high school graduate is taking out a 2,500$ loan to pay for a technical education program.…

A: A recent high school graduate is taking out a 2,500$ loan to pay for a technical education program.…

Q: A debt of RM1200 due in four years and RM1000 due in six years is to be repaid by a payment of…

A: A debt of RM1200 due in four years and RM1000 due in six years isto be repaid by a payment of RM1000…

Q: A loan of 750000 needs to be paid in annual installments by the end of every year. The interest rate…

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Q: You have two options to repay a loan. You can repay Php6,000 now and Php5,940 in one year, or you…

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Q: 3. Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an…

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Q: Dick and Jane are getting ready to purchase a new home. they are looking to take out a 30 year lone…

A: Solution :-

Q: Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible…

A: Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible…

Q: you are going to receive 40 two years from today. if annual discount rate is 10 oercent what is the…

A: This is a problem of compound interest  solved below