Aunt May has three sums of money invested, one at 12%, one at 10%, the last at 8%. His total annual income from the three investments is P2,100. The first investment yields as much as the other two combined. If she could receive 1% more on each investment her annual income would be increased by P202.50. How much is her investment at the 12% interest?

Aunt May has three sums of money invested, one at 12%, one at 10%, the last at 8%. His total annual income from the three investments is P2,100. The first investment yields as much as the other two combined. If she could receive 1% more on each investment her annual income would be increased by P202.50. How much is her investment at the 12% interest?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

See similar textbooks

Similar questions

Saleh is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she pay for this investment if she wishes to earn a 12 percent rate of return? a. $17,899.08 b. $18,023.88 c.. $20,186.75 d. $22,818.78
Three years ago, Julianne invested $7,580.00. She has earned and will earn compound interest of 2.00 percent per year. In one year from today, Teresa can make an investment and earn simple interest of 13.11 percent per year. If Teresa wants to have as much in 5 years from today as Julianne will have in 5 years from today, then how much should Teresa invest in one year from today? O An amount equal to or greater than $3,628.00 but less than $5,080.00 An amount less than $3,628.00 or an amount greater than $8,506.00 An amount equal to or greater than $7,939.00 but less than $8,506.00 An amount equal to or greater than $5,080.00 but less than $6,741.00 An amount equal to or greater than $6,741.00 but less than $7,939.00
4. A couple decides to invest some money in an account for use during retirement. Their goal is to have $100,000 in 40 years. The account pays 5.5% compounded monthly. A. How much do they need to invest to meet their goal? B. How much interest will they earn? C. What is the annual percentage yield? D. Prepare a table that shows the growth of the investment.
3.) Mark decides to invest, if $300 is earned in three months on her investment of $12000 what is the anual rate of interest?
Joshua now has $500. How much would he have after 11 years if he leaves it invested at 4.5% with annual compounding? a. $815.76 b. $811.43 c. $522.50 d. $776.48 e. $829.72
Scarlett is considering investing $10,000 she will receive from a trust fund when she turns 25 years old. If she invested the money for three years at 4% per year, compounded annually, what would her investment be worth at the end of three years? Note: Assume this problem uses Compounding Interest (compounded annually), NOT Simple Interest. $10,400 $11,200 $11,249 O $10,816
Assume that you and your best friend each have $1000 to invest. You invest your money in a fund that pays 10% per year compound interest. Your friend invests her money at a bank that pays 10% per year simple interest. At the end of 1 year, the difference in the total amount for each of you is: (a) You have $10 more than she does (b) You have $100 more than she does (c) You both have the same amount of money (d) She has $10 more than you d
Suppose you have a 1-year old daughter and you want to provide R81 000 in 19 years towards hercollege education. You currently have R2 000 to invest. What interest rate must you earn to havethe R81 000 when you need it?
uliana invested $5,100 at 5.50% p.a. simple interest. How many days will it take for her investment to grow to at least $5,300?
Justine is thinking about purchasing an investment from RCBC Capital. If she buys the investment, Justine will receive P1,000 every three months for two years. The first P1,000 payment will be made as soon as she purchases the investment. If Justine's required rate of return is 16%, how much should she be willing to pay for this investment? a. P10,764.80 b. P7,002.05 c. P1,368.57 d. P1,345.60
Gayathri has RM5,000 now in her investment account. She wishes to have RM8,000 in her account after 9 years, but she was informed by the investment firm that she will have RM7,000 in her account in 8 years, what is the interest rate per year she gains from her account? Select one: a. 4.30% b. 3.81% c. 5.31% d. 6.05%
If Maggie has $5,000 to invest and wants to have $10,000 at the end of 9 years, what interest rate must she earn on her money, assuming annual compounding? Select one: a. 5% b. 6% с.790 d. 8% e. None of the above O