A recent government study reported that a college degree is worth an extra Php23000 per year in income (A) compared to what a high-school graduate makes. If the interest (i) is 6% per you and you work for 40 years (N), what is the future compound amount (F) of this extra income?
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A recent government study reported that a college degree is worth an extra Php23000 per year in income (A) compared to what a high-school graduate makes. If the interest (i) is 6% per you and you work for 40 years (N), what is the future compound amount (F) of this extra income?
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- Suppose that you are obtaining a personal loan from your uncle in the amount of $20,000 (now) to be repaid in two years to cover some of your college expenses. If your uncle usually earns minimum 8% profit (annually) on his money, which is invested in various sources, what minimum lump-sum payment two years from now would make your uncle happy?A recent government study reported that a college degree is worth an extra Php23000 per year in income (A) compared to what a high-school graduate makes. If the interest (i) is 6% per you and you work for 40 years (N), what is the future compound amount (F) of this extra income? Solve using cash flow diagram.5. A recent government study reported that a college degree is worth an extra P150,000 per year income compare to high school graduate. If the interest is 6% per year and you work for 40 years, what is the future compound amount of this extra income? Final Answer = PHP Blank 1]
- . Suppose someone his earned income per year is $7000, and the income guarantee, IG, is $5000. And assume that the tN, the rate at which the transfer is received by him is 50%. Then the disposable income of the recipient in relation to earned income is:What’s the rate of return you would earn if you paid $1,500 for a perpetuity that pays $105 per year?How much do you need to save each year for 30 years in order to have $775,000, assuming you are investing the money in an account that earns 8%? How much of the $775,000 comes from contributions (your out of pocket costs)?
- Felix Jones, a recent engineering graduate, expects a starting salary of ₱35,000 per year. His future employer has averaged 5% per year in salary increases for the last several years. What is the PW and equivalent annuity for Felix’s salary over the next 5 years? Felix uses an interest rate of 6%. (Answer: PW = ₱162,009) Please attach the formula and what to find given value.1) What is the maximum that you would be willing to loan your brother for a $100 IOU if he promises to pay you back at the end of the year? You want to earn an annual rate of return of 12%. A) $82.00 B) $89.29 C) $92.73 D) $88.00) How long would it take for you to save an adequate amount for travelling around the world, if you deposit $40,000 per year into an account beginning one year from today that pays 20% per year if you wish to have a total of $1,000,000 at the beginning of your travel?(
- Lifetime Savings Accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests Php10,000 now and Php10,000 each year for the next 20 years, how much will be in the account immediately after the last deposit, provided the account grows by 10% per year?What is the payback if an investment’s cost is $45,000 and the after-taxbenefit is $2,000 per year?Suppose that you are planning to buy a boat in in 28 years [cell B3] for $100,000 [cell B2], and you deposit into your account the amount of $26,000 CAD [cell B1]. (a) What average annually compounding rate of return (as a percentage, correct to 2 decimals) should you earn so you can accumulate the lump sum needed to achieve your goal [cell B5]? Use the RATE function.(Note: You might have to modify the format of cell B5 so that it shows 2 decimals.) (b) What is the correct formula (using 18 characters or less) that should be placed in cell B5?Note: There are to be NO numbers in the function call (apart from a 0 if appropriate), only cell references, or negative cell references where appropriate. In excel pls.