. Determine the exact simple interest on P1,000 for the period from January December 31, 2012 at 12% interest rate.
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Q: . Determine the exact simple interest on P1,000 for the period from January 10 to December 31, 2012…
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Q: 1. What annuity is required over 15 years to equate with a future amount of P 300,000? Use i= 6%…
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Q: the interest and the accumulated amount
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A: SIMPLE INTEREST:
Q: 4. Find the effective rate of interest if the nominal rate is 12 % compounded bi - monhtly.
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Q: A man received a 5-year loan of P50,500 from the bank. The proceeds were P45,250. What was the…
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- Determine the monthly payments for a five-year, $10,000 loan at an interest rate of 8% compounding monthly.Determine the effective interest rates corresponding to the nominal rates: (a) 7% compounding monthly, (b) 16.5% compounding monthly, (c) 6% compounding semiannually, (d) 9% compounding quarterly.How much is the interest and the accumulated amount that will be paid on a P 35,750 loan that was made on May 1, 2002 and repaid on August 1, 2005 with exact simple interest at 6.34% per year.
- Determine the equivalent amount pf money at the beginning of the second year if interest is 6% per year, compounded monthlyEngr. Graziella loans an amount of P150,000 at 8% effective annual interest. She agreed to pay the loan over 15 years with a uniform monthly payment due on the first day of each month. What will be the monthly payment of Engr. Graziella?John bought a car with cash value of P15,294 on the installment plan under the following terms: P4,312 cash upon delivery and the balance payable in 12 equal monthly payments. Assuming money is worth 5.23% compounded quarterly. What is his monthly payments? How much is his remaining debt at the end of eight months? pls provide the cash flow. thanks
- Compute the future value of a $1500 deposit, after eight years, in an account that pays a simple interest rate of 7%. How much interest will be paid to this account?An amount of $ 500 was borrowed for the period from January 10 to October 28, 1996 at 16% interest. a) Calculate the exact simple interest. b) What is the total amount to be paid at the end of the period?Maria has a bank loan for $23,500 to pay for her new truck. This loan is to be repaid in equal end month installments for seven years with a nominal interest rate of 12% compounded monthly. What is the amount of each payment? Find A
- Lukas Center acquired a new Laser Machine worth ₱580,000.00. The center plans to pay 35% advance payment and the balance by quarterly payments for 7 years. Money is worth 9% converted quarterly. a. How much is the balance that must be amortized every three months? b. How many quarterly payments must be made to settle the obligation? c. Cost of the quarterly payments?A man bought an eqpt costing P150k payable in 10 semi annual payments with i = 12% , determine each installment if payment is made at the beginning of each period.A man will deposit 200 with a savings bank at the beginning of each 3 months for 9 years. If the bank pays interest at the rate of 5.5% quarterly, find the sum to his credit just after the last deposit. *written solution please