How much must be deposited at 8% each year beginning in January 1. year 1, in order to accumulate P9,000 on the date if the late deposit, January 1, year 6?
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How much must be deposited at 8% each year beginning in January 1. year 1, in order to accumulate P9,000 on the date if the late deposit, January 1, year 6?
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- Jean deposited P1,000, P1,500 and P2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.06 per annum. What is the equivalent uniform deposit for the uniform gradient only?How much do you have to deposit now(with a second deposit in the amount of $600 at the end of the first year) so that you will be able to withdraw $250 at the end of the second year through the fourth year, and $500 at the end of the fifth and sixth year, if the bank pays you 4% annual interest on your balance?Khai wants to deposit a lump sum on the day his son is born into an account bearing an interest of 5% compounded annually in order to withdraw P25,000 each on his son's 18th, 19th, 20th and 21st birthdays How much is the lump sum?
- Find the nominal rate of 22% compounded every 3 monthsA credit card company wants your business, If you accept their offer and use their card, they will deposit 1% of your monetary transactions into a savings account that will earn a guaranteed 5% per year. If your annual transactions total an average of 20,000. How much will you have in this savings plan after 15 years?If the nominal interest rate is 5%, how much is P2,000 worth in 10 years in a continuously compounding account?
- How much money should be deposited annually in a bank account for five years if you wish to withdraw $3,000 each year for three years, beginning five years after the last deposit? The interest rate is 4% per year. Click the icon to view the interest and annuity table for discrete compounding when i= 4% per year. The annual deposit amount should equal $ per year. (Round to the nearest dollar.) CAn individual is borrowing P100, 000 at 8% interest compounded annually. The loan is to be repaid in equal payments over 30 years. However, just after eight payment is made, lender allows the borrower to triple the payment. The borrower agrees to this increase payment. If the lender is still charging 10% per year, compounded annually, on the unpaid balance of the loan, what is the balance still owed just after the 12th payment is made?Leon and Heidi decided to invest $2,500 annually for only the first eight years of their marriage. The first payment was made at age 20. If the annual interest rate is 8%, how much accumulated interest and principal will they have at age 65? Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year. The accumulated interest and principal will equal $ (Round to the nearest dollar.)
- A contractor borrows $30000 at 12% compounded quarterly. He wishes to repay the money with 12 equal semiannual installments. What is the effective semiannually inerest rate? put the rate as a number "1.00" Not "1.00%", NOT "0.01" What must be the size of the payment if the first payment is made 1 year after obtaining the $30000?How much money should be deposited annually in a bank account for five years if you wish to withdraw $5,500 each year for three years, beginning five years after the last deposit? The interest rate is 2% per year. Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. The annual deposit amount should equal $ per year. (Round to the nearest dollar.)What is the present worth of ₱ 500 deposited at the end of every three months for 6 years if the interest rate is 12 % compounded semi-annually? (Note: Do not include the Peso sign "₱" in your answer.)