Your parents have promised to give you Php25,000 on your wedding day if you wait 10 years to get married.  Your sister is getting married today.  What amount should she receive in today's peso to match your gift?  The appropriate discount rate is 12% a. Php8,049 b. Php10,000 C. Php22,321 D. Php25,000

Q: eives a ​$8,000 gift toward a college education from her grandparents. How much will the ​$8,000 be…

A: Future value is value of the principal amount of $ 8000  after 18years at 5.6% compounded quaterly.…

Q: Vijay

A: The objective of this question is to find out how much money needs to be deposited today in order to…

Q: A newborn child receives a $9,000 gift toward a college education from her grandparents. How much…

A: As per the given information: Principal amount or amount of money deposited (P) - $9,000 Time period…

Q: Q2.3: Abigail set up a savings fund for his son's education so that he would be able to withdraw…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: A scholarship provider has $525000 which she will invest today to fund a scholarship forever. She…

A: An "annual payment" refers to a recurring sum of money that is made or received on an annual basis,…

Q: Derek has the opportunity to buy a money machine today. The money machine will pay Derek $35,200.00…

A: The time value of money concept will be used and applied here. As per the time value of money…

Q: 2. Ms. Perez wants to invest in a savings account with interest rate of 9% per year. She decided to…

A: Annual payment (P) = Php 40,000 Number of annual payments (n) = 10 Interest rate (r) = 9%

Q: When you graduate from college, your mother plans to give you a gift of $40,000 to start you on your…

A: Present value of lum sum = Amount receivable in future * PV $1 (r, n) Present value of annual…

Q: Erwin deposited Php 25,000 in a bank promising 5% simple interest. How long should the amount stay…

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

Q: Vijay

A: The objective of this question is to find out how much money needs to be deposited today in order to…

Q: A newborn child receives a $10,000 gift toward a college education from her grandparents. How much…

A: P = $10,000 (initial investment).r=5.5% or 0.055 (annual interest rate as a decimal).n=4 (compounded…

Q: XCEL 2. Ms. Pan Aram has set the goal of accumulating Php 4,000,000 for her son's college fund,…

A: Future value is amount accumulated over the period of time due to the deposit made and the interest…