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ANNUITY (000 for a house and lot and agreed to pay the 90% balance on 1, Aman paid 10% down payment of P200,( ute the amount monthly installments for 60 months at an interest rate of 15% compounded monthly. Comp of the monthly payment. What is the present worth of a3 year annuity paying P3,000.00 at the end of each year, with interest at 8% 2. ‘compounded annually? 3, How much must be deposited at 6% each year beginning on January 1, year 1, in order to accumulate 5,000,000 on the date of the last deposit, January 1, year 6? ver 30 4. Engr. Sison borrows P100,000 at 10% interest compounded monthly, He must pay back the loan o years with uniform monthly payments due on the first day of each month. How much does Engr. Sison Pay each month? 5, Aman wishes to have P35,000 when he retires 15 years frot interest, how much should he set aside in each of 25 equal annus 6. Aman owes P10,000 with interest at 6% payable semi-annually. each 6 months for 8 years will discharge his debt? 7. Under a factory savings plan, a workman deposits P25 at the beginning of each month for 4 years, and the ‘management guarantees accumulation at 6% compounded monthly. How much stands to the workman's rm now. fhe can expect to receive 4% annual al beginning of year deposits? ‘What equal payments at the beginning of credit at the end of 4 years. ‘Aman deposits P200 with a savings and loan association at the beginning of each 3 months for 9 years. If the association pays interest at the rate of 5.5 % quarterly, find the sum to his credit just after the last deposit. 9. Aman loans P187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments. 10. Ahouse and lot can be acquired a down payment of P500,000 and a yearly payment of P100,000 at the end of each year for a period of 10 years, starting at the end of 5 years from the date of purchase. If money is worth 14% compounded annually, what is the cash price of the property? 111. Aman paid 10% down payment of P200,000 for a house and fot and agreed to pay the balance on the monthly installments for “x” years at an interest rate of 15% compounded monthly. If the monthly installment was P42,821.87, find the value of “x”? ‘AEC purchased an equipment for its manufacturing plant that costs PhP 2 500 000. It is estimated to have a useful life of 20 years; scrap value of PhP 200 000, production of 10 000 000 units and working hours of 100 000 hours. The company uses the equipment for 7 000 hours and produced 600 000 units on the first year and 7 500 hours and produced 800 000 units on the second year. Compute the book value after the second year using ‘each method given below: a. Straight Line b. Working Hours c, Output Method d. Sinking Fund Method, i= 8% e. Sum of Years Digit Method f. Declining Balance Method . g. Double-Declining Balance Method A machine costs PhP 7 000, lasts 8 years and has a salvage value at the end of life of PhP 350. Determine the (a) depreciation charge during the 4" year and the (b) book value at the end of 4 years using the following method: b. Declining Balance Method c. Sum of Years Digit Method d. Sinking Fund Method, i= 12% A television company purchased machinery for P100,000 on July 1, 1979. Itis estimated that twill have a useful life of 10 years, scrap value of P4,000, production of 400,000 units ‘and working hours of 120,000. The company uses the machinery for 14,000 hours in 1979, and 18,000 hours in 1980. The machinery produces 36,000 units in1979 and 44,000 units in 1980. Compute the depreciation for 1980 using working hours method and service output method. Alathe machine costs P300,000(brand new) with a salvage value of P15,000 is expected to last for 28,500 hours in a period of 5 years. In the first year of service, it was used for ‘8000 hours. Compute the depreciation for the first year and the book value at the end of the first year. ‘A machine was purchased at an original cost of P400,000 with a salvage value of P20,000. Life of the machine is expected to last for 6 years. It was used for 4000 hrs. in the first year and 6000 hours on the second year. Compute the book value at the end of the second year if the machine is expected to last for 38,000 hours in a period of 6 years. A certain machine cost P40,000 and has a life of 4 years and a salvage value of P5,500. ‘The production output of this machine in units per year for the first year is 1800 units, 2200 units on the second year, 3000 units on the third year, and 4000 units on the fourth year. If the units produced are of uniform quality, what are the annual depreciation charges? LIM, EDMAR & BSCE S-1 / 20710307 ANNUITY 4 SOLON? Pe AP Cui county 1800 900 = A ee U4 (8 /in)*-1_- ‘| PTS rs aay : maT te) LH o@yP-1 (08) (1. bey "] SFT 3. SOLUMON Oh FF aL. (iy tt seat aio emcee (it oouyttt 4 oo SOLUTION 4, SOLUMON? 106 avo. el(U Ry) ePeTET] SS. SOLUTION! 35.000 = (cto) bw [= oo ie Peay ut yy Tani er lo090 = & L (at 2ctfa ours ar} FRM 7 7. SOLUTION = uc yet fe OP fie F Clty wesw hay i yT Hou = Vey oe * Esmee | Tar] 4. DUM ou Ae? (tO Wl ms AT C14 oos 8-1 18 ey .05 78 ] U | 1». SeLunag: “12545, MEE ARS, 4 = 109 C00 i= OF Pt S200 + ID a a? i th EOAROM: Nas Woe = A2eat-01 Ty te olay ofa \(nee Teupod a @. SOLUTE, dr 2800 ev = 20004) = IISO0 2 Dr S ws 9v0 (2) = 230 005 Biz 5 2500 aw - 230 C00 B= F220 bb. BOUNCH: 2500000. _Pe 180009 Jep0 FESO De = e2s00. Bk 5 2500 000 — 362.500 pe SRaH1SCO| ¢. SOLUNON? 25V000D te “Ye 0 0d ~ adaD + B00 OB) De = 350 C09 Bik = 2500000 ~ 250000 3 SOA: 220 00 — 20009 =_d $0.08) aes (9) d= Sp2t0-0% Bhs 250 CS SeaUOeT (\408}.) L008 [pe 2 34S 457.04 e@ sun: x19 0 | 2300 O00 ao | 200 000 k= One xy 0 | 200 Ul Cts o.0e4) 2e00cu We= 29 g sounad: x 0 | 28 OO | | 2am00 (1~ 2/20) Baa PPE ORS 2 a\Souumon + x19 | 1860 8) 26 dy = 4 ( pI 2s) 3225 = Nd =P ets: SOLON * x © | 1000 3| 20 ES O-12D x14 © | ' Jax (I~ 03123) Tt S 6s. be ae ye FO) ~% rene £ su di= =. [ 700-380) 3G de =ha73 - ul BH = JOR ~ 2b. (Joo ~380) 3b 4. SoLUNOM tow -aso = Iror)P 4] 2 Cuter) L=Paeu}iyr B= TS ~ suo-tu (tonya paestadee) ° 2

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