. How much is the maturity value that must be paid to the creditor if the credit term is 5% of Php 20,000 due 3 months from the time the amount was borrowed?
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7. How much is the maturity value that must be paid to the creditor if the credit term is 5% of Php 20,000 due 3 months from the time the amount was borrowed?
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- A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time? A. $7,150 B. $65,000 C. $14,300 D. $2,3836. What is the total interest that must be paid by the maker if the term of credit is 5% of Php 20,000 due 3 months from the time the amount was borrowed?7. If Php 24,000 is the present value of Php 27,500 due at the end of 16 months, find: a. the discount interest rate. b. the simple interest rate.
- Find the maturity value for a loan of Php 25 000 to be repaid in 8 months with an interest rate of 4.3%How much was borrowed is a simple interest rate of 2.10% was offered payable in 4 months with interest of Php 35.00?Find the amount due at the end of 8 months whose present value Php 80,000. a) when the discount is 9%; b) when the interest rate is 12%
- Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest rate is 3.5%Suppose a customer has to pay a totalamount of PhP 20,945 as a payment of apersonal loan at the end of 3 years and 6months at 4.68% compounded quarterly.How much is the borrowed amount?What is the simple interest on a Php 500 loan at 25% interest to be paid at the end of 6 months
- What is the maturity value of the loan if the proceeds is P22,000 at the rate of 10% for 10 months?P 24,000 is the answer show complete solution7. A company borrows US dollars at 5.1% for 183 days and then at maturity refinances the principal and interest at 5.3% for a further 92 days. What is the simple cost of borrowing over the 9 months?2. Dina placed Php 18,000 in a 240-day term deposit earning 8.5% per annum. How much will the bank pay Dina on the maturity date?
