Question: 1. Charlene buys a laptop worth PhP80,000 if paid in cash. On an installment basis she pays PhP35,000 down payment, Php 10,000 at the end

1. Charlene buys a laptop worth PhP80,000 if paid in cash. On an installment basis she pays

PhP35,000 down payment, Php 10,000 at the end of 1 year, PhP 9,000 at the end of 2 years, and a final payment at the end of 3 years. If money is worth 7% effective, what is the final payment?

2. Rogine owes the following obligations

a. PhP 18,000 due in 2 years, and

b. PhP 12,000 due in 5 years with accumulated interest from today at 16% compounded quarterly.

If he was allowed to replace these obligations by a payment of PhP 10,000 on the 1st year and another at the end of 4 years, how much is the second payment if money is worth 14% compounded semiannually.

Step by Step Solution

★★★★★

3.51 Rating (144 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 We can use the present value of an annuity formula to solve for the final payment The present valu... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...

Scan Soft Development Company is developing a new process to manufacture optical disks. The development costs were higher than expected, so Scan Soft required an immediate cash inflow of $5 200 000....

A loan contract called for a payment after two years of $1500 plus interest (on this $1500 only) at 8% compounded quarterly, and a second payment after four years of $2500 plus interest (on this...

ScanSoft Development Company is developing a new process to manufacture optical disks. The development costs were higher than expected, so ScanSoft required an immediate cash inflow of $5 200 000. To...

Graham purchased a business by agreeing to make three payments of $12 000 each in one year, two years, and four years. Because of cash flow difficulties in the first year, he renegotiated the payment...

What payment is required at the end of each month for 18 years to amortize a $110 000 mortgage if interest is 5.1% compounded semi-annually?

A $40 000 mortgage taken out on June 1 is to be repaid by monthly payments rounded up to the nearest $10. The payments are due on the first day of each month starting July 1. The amortization period...

For the companys office and equipment base in Winnipeg, the company holds a 20-year mortgage of $360 000 at 4% compounded semi-annually. The current mortgage contract has a term of 3 years and...

Create the main points from this document. PHYSICS-IC As bulk moduli of liquids are large, it is difficult to compress liquids Generally it is very difficult to compress liquids i.e. bulk moduli of...

On 1 August 2020 Apple Ltd issues 50,000 shares at $1.00. The terms of the issue requiring the shareholders to pay $0.60 immediately with the balance due in one years time. In one years time, the...

Required: Select the prescriptive analytics term to its definition. Prescriptive Analytics Definition Evaluating the outcomes based of uncertainty regarding the inputs. Prescrip A sechnique used to...

Consider an un-pipelined processor takes 4 clock cycles for ALU and other operations but it takes 5 clock cycles for memory operations. Assume the relative operation frequencies like ALU and other...

Inglese La traccia : "I poveri della societ dovrebbero lavorare di pi per diventare ricchi". Scrivi un discorso alla dichiarazione esplorando le ragioni per essere d\'accordo / in disaccordo. 200...

A sample of copper sulphate pentahydrate contains 3.782 g of Cu. How many grams of oxygen are in the sample? 1) 0.952 g 1 2) 3.809 g 3) 4.761 g 4) 8.576 g

0.6 and wn = 5rad/sec, Consider the system shown below, where 5 = obtain the rise time tr, peak time t,, maximum overshoot M, and setting time ts. The system is subjected to the step input. R(s) E(s)...

if r + y? = 1. dx

Write a letter about pros and cons of joining a union

Please, solve this problem 0 Indicate where each activity would be recorded on the expenditure side of GDP accounting [your choices are C (consumption), I (investment), G (government purchases), Ex...

She recelves $300.000 per annum in salay trom the Too Co. In addition to her salary. Saly received an annual performance bonus of $100,000 an 15 June 2022 as she had met certain biling tarpets....

Convert the following textual description to an entity - relationship diagram in UML notation. Please spend time differentiating between entities, attributes, relationships and values of attributes....

Megan Marvel is a film producer working for Starlight Films, an international film production company. Megan needs to do her income tax return for the 2023 income year and she has come to you for...

Sally Tompkins is a senior executive in the Canberra office of a large company called TopCo Ltd (TopCo). Sally needs to do her income tax return for the 2022 income year and she has come to you for...

Sammy Stark is a film producer working for D - Agency Films, an international film production company. Sammy needs to do her income tax return for the 2 0 2 2 income year and she has come to you for...