Question
1. Minatozaki is planning to go to Bohol for a vacation. To materialize this plan, she needs to invest his current savings to TZU Financial
1. Minatozaki is planning to go to Bohol for a vacation. To materialize this plan, she needs to invest his current savings to TZU Financial Institution for 2 years with an interest rate of 9%.
How much should Minatozaki invest today, if she is expecting the following expenses?
Hotel: 10,000
Food: 3,000
Transportation expenses: 2,000
Swap testing (Mandatory): 2,000
(Round off the final answer to 2 decimal places, do not use comma or peso sign. A correct answer, without following this instruction is a WRONG ANSWER)
2. On January 1, 2021. Minatozaki is planning to go to Bohol for a vacation. To materialize this plan, she needs to invest his current savings to TZU Financial Institution for 2 years with an interest rate of 9%. She is expecting the following expenses:
Hotel: 10,000
Food: 3,000
Transportation expenses: 2,000
Swap testing (Mandatory): 2,000
If she already has P5,000 today. How much should she invest on January 1, 2022 for him to materialize this plan?
(Round off the final answer to 2 decimal places, do not use comma or peso sign. A correct answer, without following this instruction is a WRONG ANSWER)
3. Minatozaki is planning to go to Bohol for a vacation. She is expecting the following expenses:
Hotel: 10,000
Food: 3,000
Transportation expenses: 2,000
Swap testing (Mandatory): 2,000
Minatozaki ask you to lend her 17,000 today because she already want to go there now.
With the interest rate of 9% how much should she pay you 3 years from now?
(Round off the final answer to 2 decimal places, do not use comma or peso sign. A correct answer, without following this instruction is a WRONG ANSWER)
4. Supposing, the pandemic will end 3 years from now, and all foreign travels will be allowed. You are planning your tour abroad. An airline made a sale that if you purchase a ticket next year for your flight 3 years from now, you will only pay 50% of the fee.
If the full price of the ticket is 24,000. how much should you invest today at a rate of 10% for you to avail the Promo and materialize your tour?
5. Supposing, the pandemic will end 3 years from now, and all foreign travels will be allowed. You are planning your tour abroad. An airline made a sale that if you purchase a ticket next year for your flight 3 years from now, you will only pay 50% of the fee.
If the full price if the ticket is 24,000. And you did not avail of the promo. Instead you invested 12,000 next year, for 2 years at a rate of 14%.
How much is the ADDITIONAL EXPENSE you will incur in not taking the promo?
**PLEASE ANSWER THEM ALL THANK YOU**
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started