How much should Sam invest on January

Assignment Help Financial Accounting
Reference no: EM132952021

Question -

-Sam will make P15,000 contributions every January 1 and July 1 beginning January 1, 2016. If the total investment will earn 6% every year compounded semi-annually, how many contributions were made so that the total investment by June 30, 2031 is P410, 788.35?

-On January 1, 2016 Sam decided to set aside her P1,000,000 as investment in a secured financial institution that will earn 6% interest per year compounded quarterly. Ariel is 20 years old at the time the investment is made. On December 31, 2026 how much is the value of the investment?

-Sam made her first of 10 contributions of P10,000 on January 1, 2017 and every December 31 thereafter. What is interest rate (compounded annually) applied if the total investment by December 31, 2026 is P151, 929.30? (Input whole number without percent sign)

-Sam came from a rich family. Her rich mother decided to invest the first of the twenty P500,000 on January 1, 2017 and every January 1 thereafter. The investment will earn 8% per year compounded annually. How much is the investment at the end of 20 years? (Round-off in nearest ones).

-Nica has a son. She wants her son to have sufficient capital to start his own business by the time her son reaches 21 years old. So, when her son is 1 year old, she started a term insurance by contributing the first 20 annual premiums of P100,000 and every year thereafter. If the investment will earn 5% per year compounded annually, how much is the total investment when her son reaches 21 years old?

-Sam will invest the following: P5,000 on December 31, 2016 and every December 31 thereafter until December 31, 2025. P7,000 on December 31, 2026 and every December 31 thereafter until December 31, 2035. P9,000 on December 31, 2036 and every December 31 thereafter until December 31, 2045. If the investment is guaranteed to earn 6% interest compounded annually, how much is the total investment on December 31, 2045?

-On January 1, 2016 Sam wants by December 31, 2020 to have P10,000,000. How much should Sam invest on January 1, 2016 that will earn 10% annual interest compounded annually?

-On January 1, 2016 Sam decided to set aside her P100,000 as investment in a financial institution that will earn 6% interest per year compounded annually. Sam is 40 years old at the time the investment is made. How much is the maturity value on January 1, 2041?

-Sam made his first of 10 contributions of P10,000 on December 31, 2017 and every January 1 thereafter. What is the interest rate (compounded annually) applied if the total investment by December 31, 2026 is P131, 807.95? (Input whole number without percent sign)

-On January 1, 2016 Sam invested P2,791,973.88 that will earn an interest compounded annually so that by December 31, 2025 the investment will become P5,000,000. What is the annual interest rate?

Reference no: EM132952021

Questions Cloud

Research on an industry accidents : Ensure that the industrial accident that you choose will be detailed enough to ensure you cover the requirement of your report
What is the company asset turnover ratio : Assume that all balance sheet amounts below represent average balance figures for a fiscal year. What is the company asset turnover ratio
Explain independent and dependent demand : Reflect on your life, personal or professional and provide an example or examples of independent and dependent demand. Make sure to provide a compare and contra
Match capacity with demand during unbalanced system : An excellent question in our forum - Discussion Two: Develop a plan to match capacity with demand during unbalanced system.
How much should Sam invest on January : On January 1, 2016 Sam wants by December 31, 2020 to have P10,000,000. How much should Sam invest on January 1, 2016 that will earn 10% annual interest
Describe audit process that medical center can expect : What actions should a medical center take to prepare for an audit by the OCR?
Concepts of costs covered in operations management : There are numerous concepts of costs covered in Operations Management. Two such concepts are Marginal Costing and Absorption costing.
Why complete inventory control is significant in company : Jamblock is a Jamaican company, of which you are the Logistics Director. It is committed to making outdoor concrete tiles and various concrete structures for ho
How much is the cost of goods sold recognized on January : The cost and fair value of the equipment are P1,500,000 and P2,000,000. How much is the cost of goods sold recognized on January 1, 2000

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the amount of each coupon payment

The bond matures in seven years, has a face value of $1,000, and pays semiannual interest payments. What is the amount of each coupon payment?

  Discuss the to assessment and differentiation of employees

Explain the approach described in the article. As a manager, would you use this approach to assess and differentiate your employees? Why or why not?

  Prepare the journal entry Rolf will record

Assuming that the bank charges simple interest on the note, prepare the journal entry Rolf will record on each of the following dates

  Find how many orders will be placed each year

How many orders will be placed each year? Cheeseburger and Taco Company purchases 7,713 boxes of cheese each year. It costs $23 to place and ship each order

  Calculate NPV the payback period

Question - The cost of a project is RS.100,000 and it generates cash inflows of Rs:20,000, Rs:25,000, Rs: 30,000, Calculate NPV the payback period

  Determine facts-issues-locate applicable authorities

Marge Dean are married and have always lived in a community property state. Ted (age 92) suffers from numerous disorders and is frequently ill, while Marge (age 70) is in good health. The Deans currently need $500,000 to meet living expenses, make de..

  How would flores record the collection of cash on november

On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on November 17. How would Flores record the collection of cash on November 17?

  What is contribution margin per hour of polishing department

Else Limited manufactures luxurious gold jewelry, What is the contribution margin per hour of Polishing Department time for the Blue Sapphire Ring?

  Computing the budgeted overhead rate

What factors should be considered in selecting an allocation base to be used in computing the budgeted overhead rate?

  How much did the flores family pay for the down payment

The Flores home costs $162,500. They are required to make a 20%. How much did The Flores family pay for the down payment? What is the loan amount?

  How much is the cost of goods sold reported in violet

The inventory written off became obsolete as a result of an unexpected, How much is the cost of goods sold reported in Violet's 2017 income statement?

  Find how much should be recorded as goodwill for transaction

Find how much should be recorded as Goodwill for this transaction? Annapolis had assets & liabilities appraised at the time of the sale

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd