Engr. Secula started saving ₱2000.00 each year for 25 years until his retirement at 65 years old. A year after he retired, he withdrew ₱10000.00 for a period of 5 years. In the ninth and tenth years, he decided to only withdrew ₱5000.00 per year. In the twelfth year,

Q: Georgi Rostov deposits $4,000 in a savings account that pays 8% interest compounded monthly. Three…

A: Future value is the value of the current amount at some future date after adjusting it with the…

Q: A young man saved his money every quarter for 5 years into his bank account. He deposits P2.000 per…

A: Quarterly deposit first 2 years = P 2000 Quarterly deposit next 3 years = P 4000 Annual interest…

Q: hutshilo won R165 000 and decided to deposit 65% of this amount in an account earning 8,25% interest…

A: Future value is the value of current asset or investment at a future date. Future value is…

Q: 1. Manda Bamkeng deposits Php 50,000 every beginning of the month for 4 years with 2% compounded…

A: Note: As per the rules of Bartleby,in case of multiple unspecified questions only the first question…

Q: Roger just deposited $12,000 into his account at Market Place Bank. The bank will pay 3.2 percent…

A: in this we have to find out simple interest and compounding interest and than find out interest on…

Q: G) Mohammed deposited RO 50,000 in a savings account at 9% interest compounded semi-annually. At the…

A: Here, to solve these questions we have to use the compound interest formula to calculate fund amount…

Q: Anton deposits P400,000 today and another P200,000 in 6 years into a fund paying simple interest of…

A: Simple interest is a method of calculating the interest charged on a loan or the interest receivable…

Q: Mr. Smith has saved $8,000 each year for 10 years. Two years after the saving period ended, Mr.…

A: Final withdrawal will be sum of future value of savings at the final year less sum of future value…

Q: Vhutshilo won R165 000 and decided to deposit 65% of this amount in an account earning 8,25%…

A: In this question we need to compute the accumulated amount after 5 years i.e. future value after 5…

Q: A man purchases a lot worth 5M if paid in cash. On installment basis, he paid P800,000 down payment,…

A: Data given: Lot worth = P 5M = P 5000000 Down payment = P800,000 Loan amount = P 5000000 - P 800,000…

Q: An individual makes five annual deposits of Php 2,000 in a savings account tha pays interest at a…

A: The answer is shown below:

Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…

A: Using the Future value function in excel

Q: Robert invested the profit of his business in an investment fund that was earning 3.25% compounded…

A: Interest rate = 3.25% Semi annual interest rate = [1+(0.0325/12)]6-1…

Q: Boiser deposited part of her royalty in a bank at the end of each year for 10 years. The bank paid…

A: We need to use future value of ordinary annuity formula to calculate total amount of deposited…

Q: Steven Jackson invests $57,000 at 10% annual interest, leaving the money invested without…

A: Money Value:-Value of monetary terms just like goods and services get demand in the market similarly…

Q: 5. A man decided to sell his farm and to deposit the fund in a bank. After computing the interest,…

A: In this, we have to calculate the present value of annuity today.

Q: Mrs. Quiton deposited Php 120,000.00 into a college fund at the beginning of every month for 10…

A: ANNUITY is the series of equal payments made at regular interval of time.

Q: Joella invested RM5,000 in an interest-bearing promissory note earning an 8% annual rate of interest…

A: Following is the answer to the question

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

A: given, pv =  P100,000  A=  P30,000 at end of 5 years for next 4 years R=12% M=4

Q: Marwan just deposited $13,000 into his account at Bank Muscat. The bank will pay 2.3 percent…

A: Deposit amount (P) = $ 13000 Annual interest rate (R) = 2.3% Period (N) = 15 Years

Q: Your uncle Harry Potter started allotting ₱60000 at the end of each year for 25 years. One year…

A: Amount deposited every year is P60,000 Time period is 25 years Interest rate is 5% To Find: Amount…

Q: Calculate X

A: The time value of money is a concept that states that due to the interest-earning capacity of money,…

Q: Mr. Bienvenido Bautista needs a fund of Php1,000,000 to renovate his house. To provide for this, he…

A: Future value required (FV) = Php1,000,000 Interest rate = 12% Monthly interest rate (r) = 12%/12 =…

Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: (1) A certain annuity pays P 80 at the end of every 3 months for 12 years. If the present value of…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: A man borrowed Php200000 from his friend and agreed to pay years at an interest rate of 10% per…

A: Loan amount = Php 200000 Interest rate = 10% Future value required (FV) = Loan amount*(1+Interest…

Q: Rapi Tulpo invests Php1,000 in a Bank that doubles his money in five years. To what annual interest…

A: Investment means an asset(financial assets or fixed assets) that is purchased to generate additional…

Q: Nur's father bought a car for RM104,000. He paid an advance of RM24,000 and the balance will be paid…

A:

Q: How much money was withdrawn from Mr. Cruz’s account on the 5th year, after investing P25, 000 on a…

A: The amount which is paid by bank on deposit is known as interest. This interest is credited to the…

Q: Ben Tulpo invests Php1,000 at 10% a year for five years. He withdraws the interest at the end of…

A: Given information: Investment : Php 1000 Rate of interest : 10% Annual withdrawal : Php 150 Time…

Q: 4. Rodel decided to sell their farm and to deposit the fund in a bank. After computing the interest,…

A: The regular or lump-sum amount that is received or paid after a specific time period rather than…

Q: Mr. Angel deposited 125,000 in Coconut Bank. After 2 years, he withdrew 13,600. After another 2…

A: The quarterly compounded rate is 9% per annum that means 2.25% per quarter compounded quarterly…

Q: An individual makes five annual deposits of Php 2,000 in a savings account that pays interest at a…

A: Given: Number of annual deposits "n"= 5 Amount of annual deposits "PMT"= 2000 Rate per year during…

Q: 1. Diego deposited Php 1,000,000 on a bank that earns 20 % compounded annually. Five years later, he…

A: Future value of the amount deposit today can be found using the formula : Future value = Present…

Q: A man purchases a lot worth 5M if paid in cash. On installment basis, he paid P800,000 down payment,…

A: Cost = P5,000,000 Down payment = P800,000 Payment at year end = P900,000 Payment at third year end =…

Q: A man deposits 43,799 each year into his savings account that pays 2% nominal interest compounded…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: On the day his son was born, a father deposited to a trust company a sufficient amount of money so…

A: The effective annual interest rate (EAR) is the real rate of return that exceeds the annual…

Q: Margaret M. withdrew $630,315 from an account into which she had invested $350,000. If the account…

A: FV= $630,315 PV= $350,000 Interest at 4% per year Time period= ?

Q: Mr. Canlapan deposited his money from selling his old vehicle. The fund would allow him to withdraw…

A: Determine the value of the fund deposited after a year using the Excel PV function with the…

Q: Mr. Arman has decided to start saving for his retirement. Beginning on his twenty-sixth birthday,…

A: It is required to find the future value in the accounts of Mr. A and Mr. J to know who will be…

Q: Miranda is a 10 years old at the time an amount of 20,000 Php was invested at a rate of 8.5%…

A: Invested amount = 20,000 Php Interest rate = 8.5% Compounding = Qurterly Period from 10th birthday…

Q: How much money did he borrow if the interest is 8% compounded quarterly ?

A: Principal amount is the amount initially invested in a deposit account or the net amount borrowed by…

Q: Jodan received an amount of GHc 1000 from his grandpa as a birthday gift. He decides to invest the…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Mr.Sarwar wants to save $2000 after every 6 months in a financial institution, which pays him…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: Mark borrowed an amount of P8,830 from Brian and after 2 years, he borrowed again an amount of…

A: Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on…

Q: Biff deposited $9,000 in a bank account, and 10 years later he closed out the account, which is…

A: In this question we require to calculate the annual interest rate on deposit by the bank. Deposit…

Q: Mrs. Pores invested P150,000 in a bank that pays an 13% interest converted monthly. If her account…

A:

Q: An individual deposited P35,000 and earns 3% interest compounded quarterly. After six years, how…

A:

Q: 1. A man inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he…

A: Given information : Regular endowment 100000 Time period (TARGET) 4 Interest rate  14% In…

Q: Mr Cruz is preparing his retirement at a certain period “n” year from now, he deposits a uniform…

A: Compound amount factor shows the amount that single $1 or annuity of $1 will be the worth when same…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.