Q: A man borrowed $1000 from a bank at 8% interest. He agreed to repay the loan in two end-of-year…
A: Given information: Amount borrowed is $1,000 Bank interest rate is 8% Loan paid in two end of the…
Q: Atsushi Murasakibara owes a debt to a lending company of P30,000.00 due in 1 year and another…
A: Interest rate is 6.5% Compounded semi annually Amount due in 1 year is P30,000 Amount due in 4 year…
Q: 1. Manda Bamkeng deposits Php 50,000 every beginning of the month for 4 years with 2% compounded…
A: Note: As per the rules of Bartleby,in case of multiple unspecified questions only the first question…
Q: A man borrowed 200,000 from his friend and agreed to pay after 6 years at an interest rate of 10%…
A: Given: Amount Borrowed: 200,000 Loan tenure in years: 6 Loan Interest Rate: 10% Annual Deposit…
Q: mr. lima borrowed 50,000 from a lending firm to start a business. if the firm changes simple…
A: The borrower is required to repay the lender of the loan the initial sum borrowed and interest. The…
Q: A man buys a house for $330,000. He makes a $150,000 down payment and amortizes the rest of the…
A: Given:
Q: Elwin Tulpo invests Php1,000 in a Bank at 10% a year for five years, but when the interest is…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: A man borrowed RM1200 for 5 months and was charged 9% simple interest. How much interest did he…
A: The amount of interest earned can be calculated with the help of simple interest function
Q: A man invested P1,000 per month on a bank that offers 6% interest compounded annually. How much can…
A: The Concept is of Annuity. Annuity is a series of fixed payments/receipts made at regular interval…
Q: 3. Mr. Ramirez borrowed P150,000 to be amortized in 2 years by monthly equal payments. If Mr.…
A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…
Q: A man bought a lot worth P2424737 if paid in cash. By installment, he paid a down payment of…
A: Total Amount to be paid = P2424737 Down Payment made = P250000 Net Amount Payable = P2424737 -…
Q: A man deposited GH¢14100.00 at 8 % per annum compound interest. If at the end of 4 years, he…
A: given, pv= 14100 r1-4= 8% n = 7 r5-7= 12%
Q: how much must you repay at the end of the 3 months?
A: While charging interest on the principal amount, there are two ways to calculate it- Simple interest…
Q: John borrowed P15,000 for 2 years and 6 months, with simple interest at 9%. How much does he owe at…
A: Simple Interest = P * R *TP = Principal = P15,000R = Rate of Interest = 9%T - Time = 2 years 6…
Q: 1. Buchoy deposits Php10 000 in a bank that pays 4% compound interest annually. How much money will…
A: Interest means the extra amount which we received because of investment made and will be paid in…
Q: Grace borrowed P150,000 payable in 2 years. To repay the loan, she must pay an amount every month…
A: The PMT function is a type of financial function which helps to determine the total monthly payment…
Q: Jerry bought a house for $400,000 and made an $80,000 down payment. He obtained a 30-year loan for…
A: Given information: House bought for $400,000 Down payment made $80,000 Interest rate is 6% Term of…
Q: 1. An employee obtained a loan of P 10,000 at the rate of 6% compounded annually in order to build a…
A: Since you have asked multiple questions, we will solve the first question as per policy. Please ask…
Q: How much did Brian pay back the company at the end of the term?
A: Information Provided: Principal = 30,000 Interest rate = 11.8% Days = 180 Simple Interest =…
Q: 9. A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4…
A: In Order to Pay off the Loan in Year 5, The Engineer has to fully repay the remaining Balance at the…
Q: 1. Mr. A owes a total of P153,000 which includes 12% interest for the three years he borrowed the…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: Mr. Jones borrowed P150,000 two years ago. The terms of the loan are 10% interest for 10 years with…
A: The money can be raised by borrowings in the form of loan. The loans can be obtained from the banks,…
Q: William got a loan for 25,000 dlls to be payable in 19 years with interest rate of 1.7 percent per…
A: Loan amount = 25000 dlls Period = 19 Years Annual interest rate = 1.7%
Q: Chris invests $19,000 at 4% simple interest for 7 year. How much is in the account at the end of the…
A: Investment is the practice of exchanging current revenue for an asset that is expected to provide…
Q: Engr. Tongol borrowed money from a loan shark. He receives from the loan shark an amount of P…
A: Simple interest = Amount borrowed * Interest rate * (Number of months / 12)
Q: Nur's father bought a car for RM104,000. He paid an advance of RM24,000 and the balance will be paid…
A:
Q: An engineering student borrowed an amount of P 25,000 to be paid in 1 year and an amount of P 75,000…
A: Future value is the amount that is being considered for the purpose of compounding the present value…
Q: A businessman borrowed Php2,500,000 for 5 years at 5.5% simple interest. What amount must he pay at…
A: Simple Interest = Principal * Interest * time Simple Interest = Php 2,500,000 * 5.5% * 5 Simple…
Q: Ahmed Yehda borrowed $8,000, signing a promissory note for 2.5 years at 15% interest. What was the…
A: Promissory note is one of the ways to borrow the amount for a particular period and specific amount…
Q: Mr. Sin borrowed ₱1,000,000 for the expansion of his business. How much will be the yearly payment…
A: The regular payments to be made for the loan taken can be calculated using the PMT function in…
Q: Devran Food Products Inc. He received a factory investment loan of 4 million TL with a maturity of…
A: Debt as of the end of the year is the future value of the present value of the loan amount. It is…
Q: A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years.…
A: Loan amount = P 10000 Interest rate = 12% Annual payment = P 2000 Number of annual payments = 4
Q: A man purchases a lot worth 5M if paid in cash. On installment basis, he paid P800,000 down payment,…
A: Cost = P5,000,000 Down payment = P800,000 Payment at year end = P900,000 Payment at third year end =…
Q: Daiki Aomine owes a debt to a lending company of P50,000.00 due in 2 year and another P55,000.00 in…
A:
Q: John bought a condo for RM 630,000. He made a 15% down payment and financed the balance through a…
A: MONTHLY PAYMENT: PMT=P×rm1-1+rm-m×n p=loan amount (principal) m=frequency of compounding n=number of…
Q: Lauren purchased a car for $53,000; she paid $13250 as a down payment and financed the balance…
A: The loan amount would be the difference between the car price and the down payment. Total Interest…
Q: 1. An employee obtained a loan of P1,000,000 at the rate of 6% compounded annually in order to build…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Carl borrowed P183,074 from his friend to pay for remodeling work on his house. He repaid the loan…
A: Amount borrowed P183,074. Simple interest 4.38% Loan repaid after 14 months.
Q: Uncle Ben borrowed 10,000 at 12% interest and paid $2,000 per annum for the last 4 years. What does…
A: The simple interest rate is the interest rate where the interest is determined only on the principal…
Q: Mr. Isidro borrowed P1,150,000.00 for the purchase of his car. If his monthly payment is P25,000.00…
A: Formula: Yearly payment = Monthly payment x 12 Months
Q: What is the interest paid by Victor on Php 35,000.00 that he borrowed for 2 years at 15% simple…
A: Interest: It refers to the monetary charge on the mortgage or loan borrowed by the borrower from…
Q: Mr. Reyes borrowed from the bank an amount of P326,000 today to be paid after 5 years. This was done…
A: Banks charge the interest on the loan which they provide to the borrower Given in the question…
Q: 4. A man paid 10 % as down payment of P200,000.00 for a house and lot and agreed to pay the balance…
A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…
Q: Mr. Santos borrowed P180,000.00 two years ago. The terms of the loan are 10% interest for 10 years…
A: The question is based on the concept of Financial Management.
Q: Carlos purchased a house for $230,000; he paid $11500 as a down payment and financed the balance…
A: interest is difference between payment paid and loan amount.
Q: AN EMPLOYEE IS ABOUT TO RECEIVE THE SUM OF P300.00 AT THE END OF EACH YEAR FOR 5 YEARS. ONE YEAR…
A: Annual receipt =P 300.00 Number of annual = 5 Years Annual interest rate = 6%
Q: Bench loaned P10000 in a bank to be paid after 3 years with an interest of 10% compounded semi-…
A: First loan (L1) = P 10000 n = 3 years = 6 semiannual periods r = 10% per annum = 5% semiannually…
Q: Ahmed borrowed OMR 500 at 11% for 2 years. Find the interest he will pay on the loan. How much…
A: Amount Borrowed =OMR 500 Interest per year (r) = 11% YEars (n) = 2
Q: Mr. Tan borrowed ₱15,000 from the faculty fund at 13.25% simple interest for 210 days.How much would…
A: Simple Interest = Principal * Rate * time
A businessman borrowed P2,500,000 for 5 years at 5 1/2 % simple interest. What amount must he pay at the end of 5 years?
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- Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve.A businessman borrowed P300,000 with interest at the rate of 6% compounded annually. He agrees to discharge his obligation by paying a series of 6 equal annual payments, the first being due at the end of 5th year. a. What is the value of the annual payments? b. What is the sum of all his payments? c. What is the actual interest that he paid?1. An employee obtained a loan of P 10,000 at the rate of 6% compounded annually in order to build a house. How much must he pay monthly to amortize a loan within a period of 10 years? 2. How much money would you have to deposit for 5 consecutive years starting one year from now if you want to be able to withdraw P 50,000 ten years from now? Assume the interest is 14% compounded annually. 3. A certain annuity pays P 80 at the end of every 3 months for 12 years. If the present value of the annuity is P 1,200 and the accumulated amount is P 2,000 determine the nominal rate. 4. An annual deposit of P 1,270 is placed on the fund at the end of each year for 6 years. If the fund invested has a rate of interest of 5% compounded annually. How|| much is the worth of this fund at the end of 9 years? 5. A man owes P 10,000 with interest at 6% payable semi-annually. What equal payments at the beginning of each 6 months for 8 years will discharge his debt? 6. A farmer bought a tractor costing P…
- A businessman borrowed Php2,500,000 for 5 years at 5.5% simple interest. What amount must he pay at the end of the term?A man borrowed 200,000 from his friend and agreed to pay after 6 years at an interest rate of 10% per annum. How much should the man deposit monthly in a bank in order to discharge his depth, if the bank offers 6% annual interest rate?A man borrowed Php200000 from his friend and agreed to pay years at an interest rate of 10% per annum. How much should the man deposit monthly in a bank in order to discharge his debt, if the bank offers 6% annual interest rate?
- If Xavier borrowed $3400 form a bank at simple interest rate of 4.5% for one year. How much interest will Xavier need to pay after one yearThe problem describes a debt to be amortized. A man buys a house for $390,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 9 years. The interest rate on the debt is 10%, compounded semiannually. (Round your answers to the nearest cent.) (a) Find the size of each payment.$ (b) Find the total amount paid over the life of the loan (including the down payment).$ (c) Find the total interest paid over the life of the loan.A debtor owes Ryan the following sums, due without interest: Php 1000 due at the end of 2 years and Php 2000 due at the end of 5 years. What equivalent single payment would Ryan be willing to accept at the end of 4 years, if money is worth (8% , m = 4) to him? a. Php 3 019.35 b. Php 3 706.22 c. Php 3 456.41 d. Php 3 927.58
- You lend a friend $13,000, for which your friend will repay you $49,591 at the end of 6 years. What interest rate are you charging your "friend"?A man borrowed P400,000 from a lending institution which will be paid after 10 years at an interest rate of 6% compounded annually. If money is worth 3% compounded monthly, how much should he pay monthly in order to discharge his debt 10 years hence?3. Mr. Ramirez borrowed P150,000 to be amortized in 2 years by monthly equal payments. If Mr. Ramirez missed the payments during the first year, what amount must he pay in the following month to liquidate all his indebtedness if money worth 12%?