to withdraw in the Any eonghaseyo wanting his Firet salary oF Php 5o, 000 has to invest In bank at in-terest of est 3. 73%. compounded MOnthly. How many periods w ithdraw will it take before he money?

Q: Jim takes out a PHP 350,000 bank loan and plans to pay it off in 36 monthly payments. The first…

A: Solution:- When an amount is taken as loan, it is either to be repaid as lump sum payment or in…

Q: What is the actual anticipated annual income?

A: Cash value=Current balance (−) Premature penalty

Q: wants to invest money in a 6% certificate of deposit that compounds interest semiannually.  Tecate…

A: The fair value of investments, gauging the profitability of projects, and estimating future cash…

Q: The Mitchells are saving up to go on a family vacation in 2 years. They invest $2800 into an account…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: Mr. Santos borrowed a certain amount from Bank A with an interest of 5% compounded quarterly and he…

A: EMI = P × r × (1 + r)n((1 + r)n-1) where, P= Loan Amount r= Interest rate n= tenure

Q: 1. Gabriel bought a new car worth PhP 2M. He made a downpayment worth "X" pesos. After this, he must…

A: B. PhP 413,280 Explanation: The monthly payment will start 3 years from now, which means that if…

Q: Daryl Yap invested the amount of Php100,000 in a bank that offers 15 % per annum simple interest.…

A:

Q: to withdraw in the Engr. Any eonghaseyo wanting his Firet salary oF Future 5x Php 50,000 has opted…

A: Deposit = 50,000 Monthly Compounding  Number of interest compounding periods = 12 Interest Rate =…

Q: An engineering graduate starts a new job at $60,000 per year. Her investments are depostied at the…

A:

Q: 1. Buchoy deposits Php10 000 in a bank that pays 4% compound interest annually. How much money will…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Peter has $33,550 in his savings account. If he withdraws $5,000 at the end of each year, he will…

A: Present Value (PV) of Savings Account = $33,550Annual Withdrawal (P) = $5,000Number of years (n) =…

Q: Mr. X deposits Rs 2,000. end at the cavings f every account for în years. interest his year paping…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Upon graduation from college, Waren Roberge was able to deler payment o $29.000 student loan for 3…

A: Loan amount refers to the value borrowed by the lender from the borrower at a specified rate of…

Q: a) Liam deposits $4,500 into his savings account today earning interest of 3% p.a. compounded…

A: We need to use compound interest formula to solve problem a. A =P(1+i)n Where A =Compound amount…

Q: Leonardo's bank account contains $1,200,000. Leonardo will make equal monthly withdrawals at the end…

A: Monthly payment The minimum amount that is required to paid/withdrawn every month by an individual.

Q: w much interest will be earned at the end of 2 years

A: The interest earned at the end of 2 years is the difference between the future value at the end of…

Q: Suppose I want to be able to withdraw P500,000 at the end of five years and withdraw another…

A: The present value of money is the discounted value of future cash flows required. The amount to be…

Q: Joan has savings of $12,000 on June 1. Since she may need some of the money during the next three…

A: We have two investment options. We need to find how much more is possible in one option over the…

Q: Mr. Subito borrowed Php 4605 from a bank, which he will repay Php 5000 at the end of 10 months. In…

A: Given: Borrowed amount = Php 4,605 Future value = Php 5,000 Number of months = 10 months 6 months…

Q: months, Paola has deposited $1,000 every two weeks in a bank that pays 0.5% compounded bi-weekly on…

A: Future value money is the amount of deposit done and plus amount of interest accumulated over that…

Q: 1. Carlo regularly deposits a certain amount K in a bank account which credits com- pound interest:…

A: As asked in the question, only (a) is to be answered Future value refers to the amount of a current…

Q: How much is the amount of his investment after 3 years?

A: Future Worth: It is the future value of the present sum of money compounded at an interest rate.…

Q: A director plans to withdraw RM 500 at the end of every 3 months for 6 years beginning three months…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: Faysal wants to expand his business and needs an amount of OMR 3,000. He approached Sohar Bank for…

A: Faysal borrow OMR3000 from a Bank @7% Interest rate Interest Compounding half yearly.

Q: A person requested a personal loan from the bank and owes 2,500,000 pesos, which he has to pay at 9%…

A: Loans are paid by equal monthly payments that carry payment for interest and payment for loan also.

Q: Alonzo deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end of 5…

A: When the interest is charged on the last cumulative interest it is known as compound interest. It…

Q: man borrowed PhP 300,000 and agreed to pay his bligation by paying 8 equal annual payment of PhP…

A: Loans are paid by the annual payments that carry the payment of interest and payment of principal…

Q: Mr. of Masood each a sum deposits Rs. 500 quarter. So as to at the end accumulate Rs. 10,000 to…

A: In this we have to determine number of payments required to achieve the objective.

Q: Derek currently has $14,618.00 in an account that pays 6.00%. He will withdraw $5,134.00 every other…

A: Savings Accounts is a deposit facility offered by commercial banks. It allows accountholders to…

Q: r. Reyes borrows P600, e loan in 15 equal annual payments. How much of the original principal is…

A: Loans are paid by the equal annual installments these annual installment carry the payment for the…

Q: A student decides to make annual payments of Php 1619 into a bank that has a nominal interest of 4%…

A: Formula Future value = P*((1+i)n-1)/i Where P = Annual payment i.e. Php 1619 i = Annual interest…