Deferred Annuity
Elmo is thinking of establishing a fund for his daughter’s college education. He wants his daughter to be able to withdraw P60,000 from the fund on her 18th birthday, again on her 19th birthday, again on her 20th birthday, up to her 23rd birthday. If the fund earns interest at 12% per year, compounded annually, how much should Elmo deposit at the end of each year, from the time his daughter reaches 5 years old up to her 17th birthday?
Find the value after 20 years in pesos of an annuity of P120,000 payable annually for 8 years, with the first payment at the end of 2 years if money is worth 5%.
Extracted text: 4067: Classin Schedule X • Messräder | Sola.at I Axie Infinity - Energy X Elmo is thinking of est x f (1) Facebook ASW-No.-4.pdf I MCQ in Engineering + O File | C:/Users/acer/Downloads/ASW-No.-4.pdf ASW-No.-4.pdf 1 / 1 175% + | ANNUITY-Deferred Annuity Elmo is thinking of establishing a fund for his daughter's college education. He wants his daughter to be able to withdraw P60,000 from the fund on her 18th birthday, again on her 19th birthday, again on her 20th birthday, up to her 23rd birthday. If the fund earns interest at 12% per year, compounded annually, how much should Elmo deposit at the end of each year, from the time his daughter reaches 5 years old up to her 17th birthday? 1 Find the value after 20 years in pesos of an annuity of P120,000 payable annually for 8 years, with the first payment at the end of 2 years if money is worth 5%. ANNUITY-Annuity due Mark buys a concrete mixer at P150,000 in cash. It can also be acquired by installment to be paid in 6 years. Interest rate is 6%, what is the amount of each payment if all payment is made at the beginning of each year? Find the present value of an annuity of P25000 payable annually for 8 years with the first payment at the end of 10 years if money is worth 5%. 9:59 pm G )) ENG 10/20/2021 5 ... ... II