What lump-sum amount of interest will be paid on a P500,000 loan that was made on August 1, 2012, and repaid on November 1, 2016, with simple interest at 10% per year?
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Q: equivalent annual cash flows of $400,000 for the first 5 years. If the cash flow in year 1
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A: Interest rate, r = 10% Time= 10 years Future worth in 10 years = $500,000 Cash flow in year 1=…
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A: The time period is 43 years, interest rate is 10%. P denoted the present value.
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A: Calculation of interest rate = (1.05-1)*100 = 2.47%
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A: Given information: • Cost of each pump is $950. • Chemical cost is $11 per day. • Time period is 3…
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A: Time period (n) = 28 years Annual deposit amount (annutiy) = $13000 Interest rate (r) = 7%
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A: Simple interest can be calculated by given formula. Simple interest=Principal×Rate of interest×Time…
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A: Ans Solution
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A: Present value can be calculated as follows:
Q: The present sum needed to provide for an annual withdrawal of $1,500 for 25 years beginning 5 years…
A: We are going to use Present Value approach to answer this question.
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A: The formula for the present value(PV) of an annuity is given below: PV=Cashflow×1-11+RNR R:…
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Q: he present sum needed to provide for an annual withdrawal of $2,000 for 20 years beginning 5 years…
A: Given: Annual withdrawal=$2000 Number of years=20 Interest rate=7%
Q: ng F at the end of the 32-year period), is
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Q: A broadband service company borrowed $2 million for new equipment and repaid the loan in amounts of…
A: Initial Amount = 2000000 Cash Flow in year 1 nd 2 = 209,000 In year 3 = 2200000
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A: Given informations: Principal amount = $5000 Interest rate = 18%
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A: Given:- i=10% Total equivalent in year 7=$8000 To calculate:- Value of x=? Please find the images…
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A: (a) Investment (I) is $50,000,000. Interest rate is 2% per month compound continuously. Time period…
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A: P80,000 on 18th, 19th, 20th, and 21st birthdays. So, first, we will find the present value (value in…
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A: Given the interest rate = 10% Current perpetual equivalent cost = $70000 At the end of six year =…
Q: Lysol specializes in odor control made deposits of PhP 10,000 at the end of year 2, PhP 25,000 at…
A: FV = PV*(1+r/2)2*n Where, FV = Future value PV = Present value r = rate of interest n = time period
Q: A structural engineering consulting company is examining its cash flow requirements for the next 6…
A: here we have different cashflow with different time with compounded semiannually , so here we…
Q: Determine the exact and ordinary simple interests on ₱2400 for the period from February 14 to…
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Q: Your friend borrows P10,000 on May 1 and must repay a total of P10,700 exactly 1 year later.…
A: Simple interest is a way of determining the percentage of interest paid on a payment over a…
Q: The first cash flow in the arithmetic gradient series is _____
A: In a market, when an individual wants to make an investment, he tries to make an estimation of…
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A: Cash flow refers to the inflow and outflow of cash in a project or a business. The present worth of…
Q: How much is the interest that will be paid on a Php25,000 loan that was made on May 1, 2002 and…
A: Given information: Principal amount (P): Php25,000 Interest rate (R): 8% per year Time period (T):…
Q: Western Refining purchased a model MTVS peristaltic pump for injecting antiscalant at its…
A:
Q: The cash flow associated with a strip mining operation is expected to be P2,000,000 in year 1,…
A: Formula: AT…
Q: What is the equivalent annual cost in years 1 through 8 of a contract that has a first cost of…
A: Given: First Cost=$72000 Annual cost from Year 3-8=$16000 Interest rate=14%
Q: The maintenance of a machine in a manufacturing plant currently costs a company $8,000 every year…
A: We are going to use Present value approach to answer this question.
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- What lump-sum amount of interest will be paid on a $10,000 loan that was made on August 1, 2012, and repaid on November 1, 2016, with ordinary simple interest at 10% per year? How did it become 4.25 Years?Sarah is going to borrow money for her college expenses. Her local credit union will lend Sarah $15,000 now at a nominal interest rate of 4% per year,compounded quarterly. Then after two years, the credit union will lend her an additional $15,000 at a higher interest rate of 6% per year compounded annually. Sarah will repay these loans over four years when she graduates. How much does Sarah owe the credit union when she graduates?An 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?
- Joshua's family that claimed a 1,000,000 peso prize on a Christmas party raffle decided to put one-half of the money in a college fund for their youngest son who was responsible for the prize. If the fund earned interest at 6.5% per year compounded monthly, how much was in the account 18 years after it was started? (Round your answer to whole numbers, no comma, no decimal places, no pesos.)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.)Suppose you start saving for retirement when you are 30 years old. You invest $5,000 the first year and increase this amount by 2% each year to match inflation for a total of 15 years. The interest rate is 7% per year. How much money will you have saved when you are 45 years old? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. Click the icon to view the interest and annuity table for discrete compounding when i=7% per year. When you are 45 years old, you will have saved $10,395. (Round to the nearest dollar.)
- John plans to make 10 equal annual deposits starting one year from now into a fund that pays an interest of 10% per year compounded annually. He would like to withdraw $15,000 each year for 10 years, starting one year after the last annual deposit. If the account balance is to be zero immediately after the last withdrawal, what should be John's annual deposit?You borrowed $100,000 at 6% per year compounded monthly for 48 months.Which is the number of first month where the outstanding loan balance is less than $40,000?Bill Mitselfik borrowed $16,000 to be repaid in quarterly installments over the next five years. The interest rate he is being charged is 20% per year compounded quarterly. What is his quarterly payment?
- How much money should be deposited annually in a bank account for five years if you wish to withdraw $5,000 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.)Joseph Ray just received an inheritance of $50,000 from his great aunt. He plans to invest the funds for retirement. If Joseph can earn 6% per year with quarterly compounding for 30 years, how much will he have accumulated? $271,550 $269,113 $284,622 $298,466Equal end of year payments of $263.80 each are being made on a $1,000 loan at 15% per year compounded monthly. a. How many payments are required to repay the entire loan? b. Immediately after the third payment, what lump sum amount would completely pay off the loan?