On the 40th birthday, Mr. Ramos decided to buy a pension plan for himself. This plan will allow him to claim
P10,000.00 quarterly for 5 years starting 3 months after his 60th birthday. What one-time payment should he make on his
40th birthday to pay off his pension plan, if the interest rate is 8% compounded quarterly?​

Answers

Answer 1

Answer:

The amount of one-time payment should he make on his 40th birthday to pay off his pension plan is P32,880.77.

Step-by-step explanation:

Step 1: Calculation of present value on 3 months after his 60th birthday

The present value on 3 months after his 60th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV60 = Q * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV60 = present value on 3 months after his 60th birthday = ?

Q = quarterly claim = P10,000

r = quarterly interest rate = annual interest rate / 4 = 8% / 4 = 0.08 / 4 = 0.02

n = number of quarters = number of years * Number of quarters in a year = 5 * 4 = 20

Substitute the values into equation (1), we have:

PV60 =  P10,000 * ((1 - (1 / (1 + 0.02))^20) / 0.02)

PV60 = P10,000 * 16.3514333445971

PV60 = P163,514.33  

Step 2: Calculation of one-time payment on his 40th birthday

The one-time payment can be calculated using the formula the following formula:

PV = PV60 / (1 + r)^n ........................ (2)

Where;

PV = Present value or One-time payment = ?

PV60 = present value on 3 months after his 60th birthday = P163,514.33

r = quarterly interest rate = annual interest rate / 4 = 8% / 4 = 0.08 / 4 = 0.02

n = number of quarters from 40th to 3 months after his 60th birthday = (number of years * Number of quarters in a year) + One quarter = (20 * 4) + 1 = 81

Substitute the values into equation (2), we have:

PV = P163,514.33 / (1 + 0.02)^81 = P32,880.77

Therefore, the amount of one-time payment should he make on his 40th birthday to pay off his pension plan is P32,880.77.


Related Questions

help me and i givee points give me correct answer

Answers

Answers:

Fractions A

Red flower fraction== 40/100

Purple flower fraction=47/100

Trees fraction=7/100

Decimals

Orange flower decimal=0.06

Trees decimal=0.07

Percents

Red flower percent=40%

Orange flower percent=6%

Purple flower percent=47%

Ask for help when you need it, I'm here until 2:30

I hope this helps!

If you need more help, don't hesitate to ask!

May I have brainliest, please?

what is
6 over 9
and
11 over 88​

Answers

Answer:

6 over 9 = 6/9 11 over 88 = 11/88 6/9 = 0.6667(repeating) 11/88 = 0.125

P.S. Dont fall for those link scams! ;)

Hope this helped! If it did, please give me brainliest! It would help a lot! Thanks! :D

Find Cecilia’s average monthly income if her biweekly take-home pay is $764.00. Help please. Will give braineliest

Answers

Well if your talking about everyday than the answer is 278,860

If your talking about each week than the answer is 278,860.764
Answer: 5675.42


Helpful tool: the take-home pay by subtracting all the calculated deductions from the gross pay, or using this formula: Net pay = Gross pay - Deductions (FICA tax; federal, state and local taxes; and health insurance premiums)

10. Ayden travels from Orlando to Tampa to see his grandparents. If the trip is 897,600 feet round trip, how many miles does Ayden travel one way? A 85 miles B 170 miles C 255 miles D 340 miles 11. Jason bought 4.5 kilograms of cream me of cream?​

Answers

Im sorry sam
Bell Lah-Lah she will do

Triangle KLM is similar to triangle NOP. Find the measure of side NO. Round your

answer to the nearest tenth if necessary.

M

P Р

O

1

23

51.6

38

N

Answers

Answer:

[tex]NO= 31.2[/tex]

Step-by-step explanation:

See attachment for triangle

From the attachment, we have:

[tex]KL = 51.6[/tex]

[tex]LM= 38[/tex]

[tex]OP = 23[/tex]

Required

Find NO

This will be calculated using the following equivalent ratios:

[tex]NO : OP = KL : LM[/tex]

This gives:

[tex]NO : 23= 51.6: 38[/tex]

Express as fraction

[tex]\frac{NO }{ 23}= \frac{51.6}{ 38}[/tex]

Make NO the subject

[tex]NO= \frac{51.6}{ 38} * 23[/tex]

[tex]NO= \frac{51.6* 23}{ 38}[/tex]

[tex]NO= \frac{1186.8}{ 38}[/tex]

[tex]NO= 31.2[/tex] --- approximated

Answer:

x≈ 16.9

Step-by-step explanation:

Graph the solution set of the inequality 1/2y < -3

Answers

Answer:

y  <  − 6 ?

Step-by-step explanation:

Its a straight line on graph so it's linear

Answer:

w

Step-by-step explanation:

Liam is setting up folding chairs for a meeting. If he arranges the ch
same length, he has 9 chairs left over. If he arranges the chairs in 2 rows of that same
length, he has 21 left over. How many chairs does Liam have?
Liam has
chairs.

Answers

Answer:

Step-by-step explanation:

This is the answer

the actual weights of bags of pet food are normally distributed about the mean of 50.0 lb with a standard deviation of 0.2 lb.


1. About what percentage of bags of pet food weigh between 49.8 lb and 50.2 lb?

2. About what percentage of bags weigh less than 49.8 lb?

3. In a group of 250 bags, what percentage of bags would you expect to weigh more than 50.4? ​

Answers

9514 1404 393

Answer:

68%16%2.5%

Step-by-step explanation:

1. The empirical rule tells you 68% of the distribution is within 1 standard deviation of the mean. The mean is 50 and the standard deviation is 0.2, so this means 68% of the bags weigh between 49.8 and 50.2 lb.

__

2. The other 32% is evenly split above and below the central part of the distribution. That is, about 16% of the bags will weigh less than 49.8 lb.

__

3. The percentage is independent of the size of the group. The empirical rule tells you 95% lie within 2 standard deviations of the mean. The other 5% will be evenly split between those weighing more than 50.4 and those weighing less than 49.6 lb. About 2.5% of the bags will weigh more than 50.4 lb.

_____

Additional comment

It is useful to remember the empirical rule numbers, 68%, 95%, 99.7% for the portion of the distribution between ±1, 2, 3 standard deviations of the mean. They are useful for answering questions like this one. (They are only approximations, so if more accuracy is needed, a table or app should be used to find the accurate value.)

Write an equation of the parabola shown.

Answers

Answer:

y = 0.1(x + 5)² + 1.5

Step-by-step explanation:

Equation of a parabola having vertex at (h, k) is given by,

y = a(x - h)² + k

From the given graph, vertex of the parabola is (-5, 1.5)

Therefore, equation of the parabola will be,

y = a(x + 5)² + 1.5

Since, this parabola passes through a point (0, 4)

4 = a(0 + 5)² + 1.5

4 = 25a + 1.5

25a = 2.5

a = 0.1

By substituting the value of 'a' in the equation of the parabola,

y = 0.1(x + 5)² + 1.5

40 QUESTIONS FOR JUST ONE QUESTION :) QUESTION 6

Answers

Answer: Credit to work in process invetory-assembly

Answer:

its C because it makes the most sense "Credit to work in process invetory-assembly."

Step-by-step explanation:

choose the scatter plot in which the outlier is highlighted

Answers

Answer:

its the second graph top right

Step-by-step explanation:

an outlier is a point that deviates from the rest

What are the steps I need to solve this problem? 2x + 5 = 21

Answers

Step-by-step explanation:

subtract 5 under itself and 21 , then cross out the 5 and only subtract 21 and 5 which is 16 and then bring down 2x so now your equation will be 2x=5 so now your gonna divide 2 and 5

wuestions
(a) An angle measures 51°. What is the measure of its supplement?
(b) An angle measures 27°. What is the measure of its complement?

Answers

Answer:

a - 129

b - 63

Step-by-step explanation:

for a - supplementary angles add up to equal 180

so to find the measure of its supplement we subtract the given angle from 180 180-51=129

so the measure of a supplement angle is 129

for b - complementary angle add up to equal 90

so to finds the measure of its complement we subtract the given angle from 90

90-27=63

so the measure of its complement is 63

Answer:

(a) An angle measures 51°. the measure of its supplement=180-51=129°

b) An angle measures 27°. the measure of its complement=90-27=63°

Which of these describes information that can appear in a consumer 's credit report?

A. The Name Of A Store Where The Consumer pays for all purchases

B. The Name Of A Company That Gave The Consumer A Car Loan 2 Years Ago

C. The Amount Of Money The Consumer Will Need Too Borrow In The Next 5 Years

D. The Amount That The Consumer Loaned To A Family Member​

Answers

Answer:

b the car loan .................

Which is the smallest tow rope needed to pull an 8000 N pallet across a warehouse floor? Click the image to find the answer
10000 n
4000 n
24000 n
2700 n

Answers

Answer: force F = uN, u 0.34 and N = 8000 N also F = 2720 N, thus 4000 N is enough

It

Step-by-step explanation:

Answer:

10,000 i think....i hope this helps

Step-by-step explanation:

Helppppppppppppppppp

Answers

Answer:the second one

Step-by-step explanation:

anwser c

step-by-step explenation                                          

Change 79/3 into a mixed number

Answers

Answer:

26 1/3

Step-by-step explanation:

I simplfied 79/3 on paper :)

The image below shows four soccer balls at different
locations on an uneven soccer field. Which ball has the
greatest amount of kinetic energy? Explain your answer.

Answers

Answer: letter d

Step-by-step explanation:

Answer:

Ball D. Among the four balls in this picture, ball D is the only one whose kinetic energy is greater than [tex]0[/tex].

Step-by-step explanation:

Consider an object of mass [tex]m[/tex]. If this object is moving at a speed of [tex]v[/tex], the kinetic energy of this object would be:

[tex]\displaystyle \frac{1}{2}\, m \cdot v^{2}[/tex].

The speed [tex]v[/tex] of ball A, B, and C are all [tex]0[/tex].  Hence, the kinetic energy of these three balls would be [tex]0\![/tex].

The speed of ball D is greater than [tex]0[/tex]: [tex]v = 2\; \rm m \cdot s^{-1}[/tex]. The kinetic energy of this ball would be:

[tex]\begin{aligned} {\rm KE} &= \frac{1}{2}\, m \cdot v^{2} \\ &= \frac{1}{2}\times \rm 0.43\; \rm kg \times \left(2\; \rm m \cdot s^{-1}\right)^{2}\\ &= 0.86\; \rm J\end{aligned}[/tex].

Hence, the kinetic energy of ball D is the greatest among the four balls in this picture.

Given the equitation 3x+6x=30. What is the slope and y intercept.

Answers

Answer:

slope-5/3-1 2/3

y-intercept=-2

Step-by-step explanation:

hope that helps if correct please mark as brainliest thank you

19NBoli

Find the value of the expression below pls help

Answers

Answer:

D 1/16

Step-by-step explanation:

(1/2)^4=.0625

.0625= 1/16


Need help QUICKLYY ———————————————————

Answers

Answer: a. g(x) = 3^x + 2 b. y = 3 c. same graph but shifted two units up

Step-by-step explanation:

Solve each inequality.
1. 5x + 2 <17

Answers

Answer:

x<3

Step-by-step explanation:

5x+2<17

Subtract 2 from both sides.

5x<17−2

Subtract 2 from 17 to get 15.

5x<15

Divide both sides by 5. Since 5 is positive, the inequality direction remains the same.

x=15/5

Divide 15 by 5 to get 3.

x<3

Garrett and Jeffrey are planning a treasure hunt. They decide to place a treasure at
a point that is a distance of 5 units from the -axis and 3 units from the -axis.
Jeffrey places a treasure at point J, and Garrett places one at point G.
Who put the treasure in the right place?
A Garret, he put the treasure at (3, 5)
B Jeffery, he put the treasure at (5, 3)
C Garret, he put the treasure at (5, 3)
D Not here

Answers

Answer:

Step-by-step explanation:

30 POINTS FOR JUST ONE QUESTION :)

Answers

Answer:

maybe its a or c

Step-by-step explanation:

Answer:

D) 14,400

Step-by-step explanation:

trust me

ANSWER ONE OF THESE FAST PLEASE!!!

Answers

Answer:

x7

Step-by-step explanation:

what is the answer for this? Select all the fractions that are equivalent to 45. Use the area models to help.

Answers

Answer: bro you have to submit a picture or some more information baceuse nobody will be able to answer your question with only one number (45)

Step-by-step explanation:

convertir 5000 cm a km​

Answers

Answer:

0.05 kilometer is the answer

Step-by-step explanation:

hope this answer may help you

Someone please help me and thank you:)

Answers

Answer:

D

Step-by-step explanation:

Answer:

n+4=32 models this scenario.

This is because n+4 would show how many students are originally in the class.

Let me know if this helps!

helpppppp ill give brainliest answer if you know

Answers

Answer: 522.67 mm^3

Step-by-step explanation:

use formula

I am trying to solve this but I don't understand.

Answers

Answer:

a = 42 b = 21

Step-by-step explanation:

a is 42 since it ks vertically opposite 42

To solve for b

360 - (42×2)........to get the angle next to a

=276... Divde answer by 2. Bc there are two of the angles

276÷2 =138

138 + 2b =180

2b = 180 - 138

b = 42 ÷ 2

b = 21

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