A contract calls for semiannual payments of P40,000 for the the next 10 years and an additional payment of P250,000 at the end of that time. Find the equivalent cash value of the contract at 7% compounded semiannually P598,589.00 P752,777.00 O P694,138.00 P444,526.25
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Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
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- A contract requires payments of $4954.00 today, $4004.00 in 3 years, and S 2583.00 in 5 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 7% p.a. compounded semi - annually? State your answer in years and months (from 0 to 11 months).4. A contract requires payments of $3762.00 today, $2666.00 in 2 years, and $5932.00 in 5 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 7% p.a. compounded quarterly? State your answer in years and months (from 0 to 11 months). The contract can be fulfilled in year(s) and month(s).A contract requires payments of $4610.00 today, $5440.00 in 2 years, and $4438.00 in 5 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 7% p.a. compounded semi-annually? State your answer in years and months (from 0 to 11 months). The contract can be fulfilled in year(s) and 40001 month(s).
- A contract calls for a payment of P 1,200 at the beginning of each month for 12 months. At what rate compounded annually would this agreement be equivalent to a cash payment of P 10,000? Select one: O a 12.45% O b. 12% O c. 10% Od 13.63%A loan of P40,000.00, with interest at 6% payable semiannually is to be amortized by equal payments at the end of each six months for five years. How much is the periodic payment? Select one: O a. P4,324.37 O b. No answer c. P4,689.22 O d. P4,256.76 e. P4,289.65A 20-year loan of 20, 000 may be repaid under the following two methods: i. amortization method with equal annual payments at an annual effective rate of 6% ii sinking fund method in which the lender receives an annual effective rate of 7% and the sinking fund earns an annual effective rate of j Both methods require a payment of X to be made at the end of each year for 20 years. Calculate s0 j
- Find the present value of a contract that requires yearly payments of P 11,928 for 20 years. Money is worth 1.45% for the first eight years and 9.14% for the last 12 years.A contract calls for a payment of P 1,200 at the beginning of each month for 12 months. At what rate compounded annually would this agreement be equivalent to a cash payment of P 13,590? Select one: O a. 13.63% O b. 10% O c. 12% O d. 12.45%an agreement stipulates payments of $4500, $3000, and $5500 in 4,8, and 12 months , respectively from today what is the highest price an investor will offer today to purchase the agreement if he requires a minimum rate it return of 10.5%
- SHOW THE SOLUTION Find the present value of a contract that requires yearly payments of ₱ 11,696 for 20 years. Money is worth 2.95% for the first eight years and 7.69% for the last 12 years.You are offered a $3,000,000 contract to be paid to you over 6 years at $500,000 per year. The first payment will be made at the end of the year. If the current market interest rate is 3.5%, what is the contract really worth to you? $2,500,000.00 $3,275,076.09 $2,664,276.51 $3,000,000.00An annuity contract provides for the payment of P2,200 at the end of every month for 10 years. Money is worth 7% compounded semi-annually. What is the conversion period A.m=1 B.m=2 C.m=4 D.m=6 What is the amount of the annuity at the end of 10 years? A.P3,838,328.45 B.P3,670,994.35 C.P380,786.58 D.P378,698.24