Engr. Armando lends P5,000 at 6% simple interest for 4 years. At the end of this time, he invests the entire amount (principal plus interest) at 5% compounded annually for 12 years. How much will he have at the end of the 16 years period? O P 13134.31 O P14134.31 O P11134.31 O P 12134.31

Engr. Armando lends P5,000 at 6% simple interest for 4 years. At the end of this time, he invests the entire amount (principal plus interest) at 5% compounded annually for 12 years. How much will he have at the end of the 16 years period? O P 13134.31 O P14134.31 O P11134.31 O P 12134.31

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: At the birth of a girl, what amount should her mother invest in order to provide the daughter with…

Q: What will be the maturity value of P12 000 invested for 4 years at 15% compounded quarterly? A. P21…

A: Step 1

Q: 2. The present value of an annuity of "P" pesos payable annually for 8 years, with the first payment…

A: Interest rate (i) = 5 % p = 187,481.25 year (n) = 8 m= 17 t = 17 - 8 = 9

Q: businesswoman borrowed P200,000 with interest at the rate of 6.9% compounded semi-annually. He…

Q: Determine the present worth of the following cash flows based on an interest rate of 6.76% per year,…

Q: A man bought a lot worth P2.5M if paid in cash. On the installment basis, he paid a down payment of…

A: Calculate final payment if interest was 15.6%?

Q: Akamane wishes his son to receive P 500,00 ten years from now. What amount should he invest now if…

Q: The principal sum P is invested at nominal interest rate r, compounded m times a year, for n year.…

A: P - principal sum r - interset rate n - time (year) m - compounding times a year A - amount at the…

Q: Find the equivalent annual payment of the following obligations at 20% interest rate. End…

A: To determine the equivalent annual payment for the given payments. Given, End of Year Payment…

Q: Mr. Nara borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal…

A: As per the Bartleby guidelines I can answer only 1 question at a time. For other question respost…

Q: John-X Corporation borrowed P9,000 from Bell-Z Corporation on Jan. 1, 1978 and P12,000 on Jan. 1,…

A: Given, Interest rate, i = 12% Amount borrowed on Jan. 1, 1978 = P9000 Amount borrowed on Jan. 1,…

Q: ou are asked by the manager of your company to determine the sum required to buy a company car and…

A: Given : You are asked by the manager of your company to determine the sum required to buy a company…

Q: A man borrowed P8,000 from a bank that charges 5.5 % interest in advance. He received P7,650 from…

Q: The present value of an annuity of “P” pesos payable annually for 8 years, with the first payment at…

Q: A company is planning to expand its business after 5 years from now. The expected money required for…

A: Given, Money required after 5 years=$ 5,00,00,000amount company can invest at the end of every year…

Q: An engineer is earning P18,000 a month and he can only afford to purchase a car which will require a…

A: To find first payment due at the end of first month.

Q: A P20 000.00 bond is sold now for P18 500.00. Determine the redemption price at the end of seven…

A: Face value = P 20,000 Number of periods = 7 ×2 = 14 periods Periodic yield = 12%2 = 6% per period…

Q: 7. Lawrence takes out a loan For S8000 to start a business after high school, The bank charges him…

A: Hi! Thank you for the question. As per the honor code, we’ll answer the first question since the…

Q: 4. Mr. and Mrs. Ramirez bought a house and lot with a down payment of P1,000,000.00 and a yearly…

A: Given:- Mr. and Mrs. Ramirez bought a house and lot with a down payment of P1,000,000.00 and a…

Q: 1. Gale's father deposited an unknown amount to UPANG-BANK. The amount earned interest of 10%…

A: A = P( 1 + r/n)nt where,A= final amount P= principal rate t= number of years r= rate of interest…

Q: A machine having a first cost of Po0,000 s computed using constant percentage of the declining book…

Q: Determine the present worth of a geometric gradient series of Contract B at an interest rate of 8%…

Q: Engr. Secula wanted to retire in 20 years with ₱1.5 million. How much must he save annually starting…

A: Given that: Future Worth, F = ₱1.5 million = ₱1500000 Time period, n = 20…

Q: A house costs P500,000 cash. A purchaser will pay P100,000 cash, P50,000 at the end of 2 years and a…

Q: A company purchases an asset for P 10,000.00 and plans to keep it for 20 years. If the salvage value…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 8months and 25days. Find the…

A: The deposited amount is P=5000. The rate of interest is is R=10%. The time is T=8 months and 8 days.…

Q: A man has deposited $50 000 in a retirement income plan with a local bank. Thisb ank pays 9% per…

A: This is problem related to Estimation costing and valuation Engineering. In this given initially…

Q: A man bought a lot worth P2.1M if paid in cash. On the installment basis, he paid a down payment of…

Q: The effective annual interest rate is given to be 19.2%. What is the nominal ineterest rate per year…

A: Given Annual interest rate, i =19.2% =0.192 Required Nominal interest rate for continuous…

Q: Meyo is left with an inheritance from his father. He has an option to receive P2.5 M at the end of…

A: Solution The value after 10 years = 2.5 Initially find the present value And after that find the…

Q: Cheska invests P 60000 into an index annuity that has an average of 8.4% compounded semi-annually.…

A: As per our guidelines, I must answer the first question. Kindly post other questions as a separate…

Q: Grisha Yeager wishes his son to receive P200,000 ten years from now. What amount should he invest if…

Q: 42. A bank offers a 12 % interest to be compounded annually. How much should a teacher deposit now…

Q: A debt of P100 701.30 is to be paid by 10-end of the year payments. The first payment begins at the…

A: To calculate the yearly payment

Q: An investment of P8,500 is made at the end of each year with an interest of 3.5% compounded…

Q: A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount…

A: for first term total payable amount after 6 year=2000*1.086=3173.75 rs

Q: Question 7 A man bought a lot worth P1.1M if paid in cash. On the installment basis, he paid a down…

A: Given Interest = 16.3 %

Q: The Present Worth (PW) of a single payment of $8000 at the beginning of the 7th year with interest…

A: The present worth P of a single payment F after n years with interest rate i% compounded annually is…

Q: P500,000 was deposited 20.15 years ago at an interest of 7% compounded semi-annually. How much is…

A: Given P= p 500,000 r = 7% = 0.07 n = 2 t = 20.15 years

Q: 7. If Elvira borrowed P 130,000 from Rona with an interest rate of 12% per year compounded…

A: Given, Interest rate (i) = 12% or 0.12 Number of compounding period (n) = 4 for quarterly

Q: 5. In five years P18,000 will be bedded to pay for a building renovation. In order to generate this…

Q: 4. P60,000.00 is placed in an account at 4% compounded annually for 2 years. It is then withdrawn at…

A: Compound interest and effective interest rate is given by: C.I=P×(1+r100)n-P E.R=(1+rm)n-1 Where, P…

Q: A loan of P 50,000 is to be paid in 3 years at the amount of P 65,000. What is the effective rate of…

A: This problem is related to Estimation and Costing Engineering. And Calculate to Effective Rate of…

Q: An asset is purchased for P120,000.00. Its estimated economic life is 10 years, after which it will…

A: NOTE - Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: Calculate the total present worth of the cash flow below using an interest rate of 2.8% and when Q…

Q: Find the amount at the end of 3 years and 6 months if P7,000 is invested at 30% compounded…

Q: Matthew's investment in her savings account matured to $5,892.79 at the end of 80 days. If the…

A: We have to find the principle amount (P). Here time (t) = 80 days = 80/365 = 0.22 years. Rate of…

Q: An amortization of a debt is in a form of a gradient series of P5,000 on the first years, P4,500 on…

A: Given Debt series 5000,4500,4000,3500 for fisrt second third fourth year. Interest =5% Calculate…

Q: A bank can lend a client Php 10,000.00 with a simple annual interest rate of 3% to be paid after 3…

A: Explained below

Q: Find the present worth of perpetuity of P 8,000 annually with an interest rate of 10% annually. O P…

A: This question is related to the Estimation , costing and valuation. There is Option D is correct…

Concept explainers

Tax Significance of Depreciation

While calculating taxes, depreciation is the method used to allocate the cost of a tangible or immovable asset over the useful life of an asset. In other words, allocate part of that cost to the times when tangible assets help generate revenue or sales. By recording the depreciation of an asset, depreciation reduces the amount of taxes a company or business pays in tax deductions.

Question

Engr. Armando lends P5,000 at 6% simple interest for 4 years. At the end of this
time, he invests the entire amount (principal plus interest) at 5% compounded
annually for 12 years. How much will he have at the end of the 16 years period?
P 13134.31
P 14134.31
O P11134.31
P 12134.31

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.

Similar questions

Akamane wishes his son to receive P 500,00 ten years from now. What amount should he invest now if it will earn interest of 12% compounded annually during the first 5 years and 15% Compounding quarterly during the next 5 years? P135,868.19 P134,678.90 P123,433.23 P145,345.34
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method. P 3,279.27 OP 3,927.27 P 3,729.27 P 3,792.72 Previous > < Next घ
Bond is IOU with face value (V), coupon rate (b), no. of payment periods/year (C), dividend (I), and maturity date (n). Amount paid for the bond is P. |= Vb/c General equation for i*: 0-- P + I(P/A,i*,nxc) + V(P/F,i*,nxc) A $10,000 bond with 6% interest payable quarterly is purchased for $8000. If the bond matures in 5 years, what is the ROR (a) per quarter, (b) per year? (a) 1= 10,000(0.06)/4 = v per quarter ROR equation is: 0 = - 8000 + 150(P/A,i*,20) + 10,000(P/F,i*,20) By trial and error or spreadsheet: * = v per quarter (b) Nominal i* per year = 2.8(4) = v per year %3D Effective i* per year = (1 + 0.028)4 -1 = v per year
A sum of 300,000 is deposited in the bank now. After 10 years, 100,000 is withdrawn from the fund. What will be the withdrawal amount for the next 10 years? Money is worth 8% compounded annually. Saholisupe od a. 1,182,394.65 b. 2,185,654.92 c. 983,168.47 d. 1,216,918.32
A man deposited P5,000 in a bank at a rate of 10% per annum for 8months and 25days. Find the ordinary simple interest. P368.05 P358.05 P348.05 P338.05
What will be the maturity value of P12 000 invested for 4 years at 15% compounded quarterly? A. P21 627.73 B. P21 636.73 C. P21 726.73 D. P21 626.73 O C O A B O D
Problem: The amount of P50,000 was deposited in the bank at a rate of 7.5% per annum for 5 years 1. Which of the following gives the simple interest at the end of 5 years? a. P 18,750 b. P 71,780 c. P 13,030 d. P 21,780 2. Which of the following most nearly gives the compound interest at the end of 5 years? a. P 18,750 b. P 21,780 c. P 53,030 d. P 71,780 3. Which of the following most nearly gives the difference between simple interest and compound interest at the end of 5 years? a. P 5,030 b. P 1,780 c. P 3,030 d. P 2,780
Diana took out a school loan for P524 000. The interest rate on the loan was 5%. Diana paid off just the loan in 5 years. How much did she pay altogether? A. P131,000 B. P393,000 C. P423,000 D. P655,000
An amortization of a debt is in a form of a gradient series of P5,000 on the first years, P4,500 on the second year, P4,000 on the third year and P3,500 on the fourth year. What is the equivalent present worth of the debt if interest is 5%? P15,093.28 P15,093.28 P15,890.12 P15,389.82 Previous
5. In five years P18,000 will be bedded to pay for a building renovation. In order to generate this sum an annuity consisting of three annual payments is established now. What payment is necessary if money is worth 15% annually a. P 3919.53 b. P3567.89 c. P4000 O d. 4320.55 O e. None of the above
On this 6 birthday a boy is left an inheritance will be paid in a lump sum of 10000 on his 21* birthday. What is the present value of the inheritance as the boy's 6* birthday, if the interest is compounded annually? Assume i=4%
Carol borrowed P250,000 from a lending company with 10% interest compounded semi-annual and is to be amortized by semi-annual payments over the next 5 years. The first payment is due in 6 months. What are the semi- annual payments? Answer. P32,376.25