#200.
A piece of machinery can be bought for P10,000 cash, or for P2,000 down and payments of P750 per year for 15 years. What is the annual interest rate for the time payments?
A
4.61%
B
3.81%
C
5.71%
D
11.00%
Answer: 4.61%
#201.
A manufacturing firm wishes to give each 80 employees a holiday bonus. How much is needed to invest monthly for a year at 12% nominal interest rate, compounded monthly, so that each employee will receive a P2,000 bonus?
A
P12,608.70
B
P12,615.80
C
P12,600.90
D
P12,300.80
Answer: P12,615.80
#202.
How much money must you invest today in order to withdraw P2000 annually for 10 years if the interest rate is 95?
A
P12,853.32
B
P12,881.37
C
P12,385.32
D
P12,835.32
Answer: P12,835.32
#203.
Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is 12% compounded quarterly, how much was initially borrowed if quarterly payments is P2000.
A
P10,834.38
B
P10,382.90
C
P10,586.99
D
P10,200.56
Answer: P10,834.38
#204.
What is the accumulated amount of the five-year annuity paying P6000 at the end of each year, with interest at 15% compounded annually?
A
P40,454.29
B
P41,114.29
C
P41,454.29
D
P40,544.29
Answer: P40,454.29
#205.
A debt of P10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual payments over the next 5 years. The first due is 6 months. Determine the semi-annual payments.
A
P1,200.00
B
P1,295.05
C
P1,193.90
D
P1,400.45
Answer: P1,295.05
#206.
A man purchased on monthly installment a P100,000 worth of land. The interest rate is 12% nominal and payable in twenty years. What is the monthly amortization?
A
P1,101.08
B
P1,121.01
C
P1,152.15
D
P1,128.12
Answer: P1,101.08
#207.
Maintenance cost of an equipment is P20,000 for 2 years, P40,000 at the end of 4 years and P80,000 at the end of 8 years. Compute for the semi-annual amount that be set aside for this equipment. Money worth 10% compounded annually.
A
P7,954
B
P7,425
C
P8,098
D
P9,032
Answer: P7,425
#208.
An employee is about to receive the sum of P300.00 at the end of each years for 5 years. One year prior to the receipt of the first sum, he decides to discount all 5 sums. If the interest rate is 6%, what proceeds will he obtain?
A
P1,875.35
B
P2,287.03
C
P1,263.71
D
P1,450.72
Answer: P1,263.71
#209.
The president of a growing engineering firm wishes to give each of 50 employees a holiday bonus. How much is needed to invest monthly for a year at 12% nominal interest rate compounded monthly, so that each employee will receive a P1,000 bonus?
A
P2,750
B
P3,942
C
P4,311
D
P3,890
Answer: P3,942
#210.
Mr. Ramirez borrowed P15,000 two years ago. The terms of the loan are 10% interest for 10 years with uniform payments. He just made his second annual payment. How much principal does he still owe?
A
P12,000
B
P13,024
C
P10,117
D
P11,700
Answer: P13,024
#211.
Mr. Robles plans a deposit of P500 at the end of each month for 10 years at 12% annual interest, compounded monthly. The amount that will be available in two years is:
A
P13,987
B
P13,678
C
P13,875
D
P13,487
Answer: P13,487
#212.
A machine is under consideration for investment. The cost of the machine is P25,000. Each year it operates, the machine will generate a savings of P15,000. Given an effective annual interest rate of 18%, what is the discounted interest rate of 18%, what is the discounted payback period, in years, on the investment in the machine?
A
1.75 years
B
3.17 years
C
1.67 years
D
2.16 years
Answer: 2.16 years
#213.
Company A purchases P200,000 of equipment in year zero. It decides to use straight-line depreciation over the expected 20-year life of the equipment. The interest rate is 14%. If its average tax rate is 40%, what is the present worth of the depreciation tax withheld?
A
P3,500
B
P26,500
C
P39,700
D
P4,000
Answer: P26,500
#214.
A machine costs P20,000 today and has an estimated scrap value of P2,000 after 8 years. Inflation is 2% per year. The effective annual interest rate earned on money invested is 8%. How much money needs to be set aside each year to replace the machine with an identical model 8 years from now?
A
P2,808.88
B
P3,290.00
C
P3,920.00
D
P3,610.00
Answer: P2,808.88
#215.
A man inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may choose to get a single lumpsum payment at the end of 4 years. How much is this lump sum if the cost of money is 14% compounded quarterly?
A
P3,702,939
B
P3,802,862
C
P3,502,546
D
P3,602,431
Answer: P3,702,939
#216.
A service car whose cash price was P540,000 was bought with a down payment of P162,000 and monthly installment of P10,874.29 for 5 years. What was the rate of interest if compounded monthly?
A
20
B
26
C
24
D
22
Answer: 20
#217.
What uniform annual amount should be deposited each year in order to accumulate P100,000 at the end of the 5th annual deposit if money earns 10% interest?
A
P15,708.83
B
P17,943.45
C
P18,494.45
D
P16,379.75
Answer: P16,379.75
#218.
A man paid a 10% down payment of P200,000 for a house & lot and agreed to pay the balance on monthly installments for 5 years at an interest rate of 15% compounded monthly. What was the monthly installment in pesos?
A
P44,528.34
B
P42,821.87
C
P43,625.92
D
P45,825.62
Answer: P42,821.87
#219.
If P500.00 is invested at the end of each year for 6 years, at an annual interest rate of 7%, what is the total peso amount available upon the deposit of the sixth payment?