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1. Find the amount and present value of a P2000 ordinary annuity payable semi-annually for 4 yea
if money is worth 13.75% converted semi-annually.
R = 2000 A= PHP 12,000.66 PV
j = 0.1375 m = 2 S= PHP 20,427.46 FV
t = 4 years n = 4(2 )= 8
2. In buying a washing machine worth P12000, Aling Nena pays P2000 cash and agrees to make
15 monthly payment. If interest is charged at 16% compounded monthly, find the monthly payam
Cash value = 12000
downpayment = 2000
balance (A) = 10000
monthly payment R = PHP 739.97 PMT
3. In purchasing a digital camera with cash worth of P110,000, a man makes a P10,000 downpaym
and agrees to pay the balance through an annuity of P2000 monthly for 5 years. At what rate
compounded monthly was the interest charged?
Cash value = 110000
downpayment = 10000
balance (A) = 100000 rate per period i = 0.006183413
monthly payment R = 2000 j = i * 12 = 0.07
t = 5 years and m = 12
b. How much is the final payment if it is to be made together with the last regular payment of P
50000 (1+0.05)^20 = 132,664.89 value of the loan on the 20th period
S 20 = 132,263.82 value of the annuity of 20 payments of P4000 on the
x = OB 20 = 401.07 final irregular payment if it is to be made on the 20th
(remaining liability or balance after 20 regular payments of P4000 on
b. How much is the final payment if it is to be made 6 months after the last regular payment of
x = OB 20 (1.05) = 421.12 final irregular payment if it is to be made one period
6. To discharge a loan with interest at 15% compounded every 4 months , John promises to pay
of P5000 each , the first of which is due today , find the sum he borrowed.
R = 5000
j = 0.15 Ä or Ā = 33,931.87 PV type 1
m=3
n=8
7. A trust fund is being formed by depositing P25,000 at the beginning of every 3 months for 10 ye
compounded 12% compounded quarterly, how much will the fund grow
a) in 10 years ?
R = 25000 Ṡ = 1,941,582.44 FV type 1
t = 10 years
m=4
j = 0.12
b) just after the last regular deposit?
S = 1,885,031.49 FV
8. A house and lot is worth P2M. A buyer bought it by sequence of quarterly payments for 10 year
on the date of purchase. Find the size of each payment if interest is charged at 16% converted q
9. What is the cash value of a car if it was bought for P150,000 cash and 20 quarterly payments of
is due in 2 1/2 years? Money is worth 12% (m = 4).
R = 45000 j = 0.12 m =4 A= 669,486.37
n = 20 i = 0.12 /4 Â = A (1+ 0.03)^ (- 9) =
1st R is due in 2 1/2 years or on the 10th quarter downpayment =
period of deferment d = 9 cash value =
10. Construct an amortization schedule for a P2000 loan to be repaid in 5 semi-annual payments if
is charged at 16 % m =2.
A = 2000 R= 500.9129091337
n=5
j = 0.16 m = 2
total
total payment TP total interest TI total repayment of
principal TRP = L
11. A woman wishes to have P100,000 at the end of 3 years in order to start a small business. To
create a sinking fund by making equal deposits at the end of each 6 months. If the fund earns
semi-annually
a. how much is the semi-annual deposit?
S = 100000 D= 15,076.19025080 PMT
t = 3 years
m=2
j = 0.08
12. The cash value of a TV set is P40272.87. What is the downpayment if the buyer opted to pay thi
P42000 one year later at 12% compounded monthly?
Cash value = 40272.87 F = 42000 j = 0.12 m = 12
down payment = 3,000.00 present value P = 37,272.87
13. Joan deposits P18750 in a saving bank that pays interest at 4.5% compounded semi-annually.
would she have after 3.5 years?
P = 18750 F= 21,910.11 FV
j = 0.045
m=2
t = 3.5 years
n=7
14. If a certain principal double itself in 10 years at what rate compounded quarterly was it investe
Assume P = 1 then F = 2P = 2 i = 0.0175
t= 10 years m = 4 n = 10(4) = 40 j = i *4 0.07
15. Wendy deposited P50,000 in a bank that pays interest at 6.6% converted every 2 months. How
money to earn an interest of P25000?
P= 50,000.00 j = 0.066 m = 6 n= 37.06
I= 25,000.00 t = n/6 = 6.18
emi-annually for 4 years
nd agrees to make
nd the monthly payament.
a P10,000 downpayment
ears. At what rate
RATE
7.42%
RATE
6.34%
o be repaid by P4000
PMT type 1
PV
513,105.56 PV
150,000.00
663,105.56
OB (k)
S(k)
15076.19025080
30755.42811162
47061.83548688
64020.49915715
81657.50937424
100000.00000000
S(k)
t = 1 year n = 12
PV
NPER
years
58,738.20 total condo related expenses per month
ter paying monthly expenses related to condo ownership, how much is available to pay for other expenses
e food, transportation,clothing, dental bills, telephone bills, car bills, etc?
hat percent of your monthly net pay are condo related expenses?
h the P5000 you are setting aside every month for your Europe trip with your spouse, do you think you can s
to P350,000 in time for your 10th year anniversary? (5 years from now)
s per month