You need Php 40,000 per year for four years to go to college. Your father invested Php 50,000 in a 7% interest for your education when you were born. If you withdraw the Php 40,000 at the end of 17th , 18th , 19th , and 21st years, how much money will be left in the account at the end of 21st year?
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You need Php 40,000 per year for four years to go to college. Your father invested Php 50,000 in a 7% interest for your education when you were born. If you withdraw the Php 40,000 at the end of 17th , 18th , 19th , and 21st years, how much money will be left in the account at the end of 21st year?
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- Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264You need Php 80,000 per year for four years to go to college. Your father invested Php 100,000 in a 7% csa account for your education when you were born. If you withdraw the Php 80,000 at the end of your 17th, 18th, 19th and 20th year, how much money will be left in the account at the end of your 21st year?You need 40,000 pesos per year for 4 years to go to college. Your father invested 50,000 pesos at 7% for your education the day you were born. if you withdraw 40,000 pesos at the end of your 17th 18th 19th and 20th birthda, how much will be left in the account at the end of the 21st year?
- You need P4,000 per year for four years to go to college. Your father invested P5,000 in 7% for your education when you were born. If you withdraw P4,000 at the end of your 17th, 18th, 19th and 20th birthday, how much will be left in the account at the end of the 21st year?You need P4,000 per year for four years to go to college. Your father invested P5, 000 in 7% account for your education when you were born. If you withdraw P4, 00 0 at the end of your 17th, 18th, 19th and 20th birthday, how much will be left in the account at the end of the 21st year?You need P50,000 per year for four years to go to college. Your father invested P16300 per year in a 10.163% account for your education starting from the year you were born until you were 18. If you withdraw the P50,000 at the end of your 19th, 20th, 21st, and 22nd years to aid you in your college years, how much money will be left in the account at the end of your last withdrawal?
- (b) A mechanical engineer who is planning for his daughter's college education plans to start depositing money now (year 0) and continue through year 17. If he deposits RM 5,000 each year, (i) Determine how much will his daughter be able to withdraw each year starting in year 18 and continuing through year 22? Assume the account earns interest at 10% per year.After graduation, you plan to work for Asia Corporation for 12 years and then start your own business. You expect to save and deposit Php7,500 a year for the first 6 years (n = 1 through n = 6) and Php15,000 annually for the following 6 years (n = 7 through n = 12). The first deposit will be made a year from today. In addition, your grandfather just gave you a Php25,000 graduation gift which you will deposit immediately (n = 0). If the account earns 8% compounded annually, how much will you have when you start your business 12 years from now? A.Php228,145 B. Php250,712 C. Php260,302 D. Php263,907 E. Php277,797Taurus needs P 4,000 per year for four years to go to college. His sugar mama invested P 5,000 in 7 % account for your education when you were born. If you withdraw P4,000 at the end of your 17th, 18th, 19th and 20th birthday, how much will be left in the account at the end of the 21st year?
- An electrical engineer who is anticipating paying for his daughter’s college education plans to start depositing money now (year 0) and continue through year 17. If he deposits $5000 each year, how much will his daughter be able to withdraw each year starting in year 18 and continuing through year 22? Assume the account earns interest at 8% per year.You have Php100,000 in a trust fund that pays 6.5% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account?Jharold need P4,000 per year for four years to go to college. His father invested P5,000 in 7% account for his education when he was born. If he withdraw P4,000 at the end of year 17th, 18th, 19th and 20th birthday, how much money will be left in the account at the end of the 21st year?
