Question: Hi! Pls answer. I badly need help. Gen. Instruction: Complete solution is required. Please do not shortcut the procedure. Hoping for a right sequence of

Hi! Pls answer. I badly need help.

Gen. Instruction: Complete solution is required.Please do not shortcut the procedure.Hoping for a right sequence of solving each num so I can understand.Thank you!

Explanation NOT needed.

Topic: FUTURE AND PRESENT VALUE OF ANNUITY

Reference:

Hi! Pls answer. I badly need help. Gen.Hi! Pls answer. I badly need help. Gen.Hi! Pls answer. I badly need help. Gen.
FORMULA 1: FUTURE VALUB a. The future value of an ordinary annuity with regular payments R at a nominal interest rate I compounded m times a year after t years is 1+ -1 (1+) 1 F = R F = R\fI Mr. Ribaya paid P200, 000 as downpayment for a car. The remaining amount is to be settled by paying Pl6, 200 at the end of each month for 5 years. If interest is 10.$% compounded monthly, what is the cash price of his car? 2 In order to save for her high school graduation, Marie decided to save P200 at the end of each month. If the bank pays 0.250% compounded monthly, how much will her money be at the end of 6 years? 3. Paolo borrowed PIO0, 000. He agrees to pay the principal plus interest by paying an equal amount of money each year for 3 years. What should be his annual payment if interest is 8% compounded annually? 4. Find the future value of an ordinary annuity with a regular payment of P1,900 at 5% compounded quarterly for 3 years. 5. Find the present value of an ordinary annuity with regular quarterly payments worth PI,((N) 3% annual interest rate compounded quarterly at the end of 4 years

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