1. A P300,000 loan is to be paid as follows: P 10,000/month month 1st month to 10th P20,000/month. 11th month 20th month Final Payment If the annual rate of interest is 12% pa compounded monthly, find the final payment. 24th month

Q: 1. Find the proceeds of P 50 000 due at the end of 8 months if the discount rate is 10 %%? Answer;

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: $20.000 loan is being repaid by installments of $400 at the end of each month for as long as…

A: Amortization table is prepared for 36 months utilizing excel sheet as follows:

Q: A $10,000 loan is scheduled to be repaid in equal monthly installments at the end of each month for…

A: Principal Amount = $10,000 Interest Amount = $2,600 Time Period = 36 months

Q: Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your…

A: Monthly payment is present value amortised for with equal instalment. r is interest rate APR and n…

Q: 20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as…

A: Computation:

Q: 2. A P20,000 loan is to be paid off in 10 equal annual payments. The semi-annual interest is 8%.How…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: A house costs $144,000. It is to be paid off in exactly ten years, with monthly payments of…

A: The Annual Percentage Rate(APR) of the loan can be calculated using the RATE function in Excel.

Q: $20,000 loan is being repaid by installments of $400 at the end of each month for as long as…

A: Amortization schedule is a table in which period payment or installment paid and the amount of loan…

Q: ABC Factory borrows Php 700,000 at 6% interest compounded every 4 months for 36 months. How much…

A: Borrowed amount (P) = Php 700,000 Annual interest rate = 6% Interest rate per 4 months (r) = 6%*4/12…

Q: The monthly payment is $430.33. What is the total interest paid on a loan of $5,000 at APR = 6% for…

A: Monthly payment = $430.33 Number of monthly payments = 12 Loan amount = $5000 Interest rate = 6%

Q: To pay off a P100,000 loan , it is required that 20 semi -annual payments that is increased by…

A: A) P2,854  Explanation:

Q: A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Annual Percentage Rate(APR) is nothing but the rate of interest charged to borrower and it will be…

Q: 5. Mr. Eden borrows from the bank P600, 000 at 12% pa compounded quarterly, agreeing to pay the loan…

A: First we need to calculate loan amount after 1 year by using compounding interest formula given…

Q: A debt payment of $8000 is due in 108 months. If money is worth 6.7% p.a. compounded annually, find…

A: (a) Debt payment=FV=$8000 Time=108 months=9 years Interest rate=6.7% p.a.

Q: what is the monthly payment for a loan of 140,000 30 year fixed rate of Apr of 7.5% what is the…

A: Using excel PMT function

Q: What is the maturity value of the loan if the proceeds is P22,000 at the rate of 10% for 10 months?…

A: Proceeds (P) = P 22000 r = 10% n = 10 months = 10/12 years = 0.833 years

Q: Calculate the simple interest due on a 72-day loan of P3,000 if the annual interest rate is 4%.

A: Loan amount (P) = P3000 Interest rate (r) = 4% Period (d) = 72 days

Q: A loan of $20,000 is paid off with installments of $1400 made at the end of each six months. The…

A: Given Information : Loan amount = $20,000 Semi - annual Payment  =$1,400 Interest rate = 7%

Q: An annui by with a cash vaDue of LA $ 9, 9oo pays $ 31o at the begining ef every Compounded monthiy…

A: Present value of annuity (PV) = $ 9900 Monthly payment (P) = $ 310 Interest rate = 5% Monthly…

Q: A loan of $401,000 at 5.02% compounded quarterly was to be settled with month-end payments of…

A: Future worth is computed by multiplying the existing value with a given interest rate.

Q: Determine the monthly payment for the installment loan. Annual Amount Financed (P) Rate (r) $14,000…

A: Monthly payment can be calculated using the formula of the present value of the annuity.

Q: 160000 TL loan is being repaid by installments of 2250 TL at the end of each month for as long as…

A: Loan financing refers to the arrangement of a loan repayment system. It involves the repayment of a…

Q: 2. A bank loan of P6,000,000 charged at 9.65% pa compounded quarterly, is to be paid in 10 equal…

A: First we need to calculate effective annual interest rate Effective annual interest rate =1+inn -1…

Q: find the outstanding balance at the end of 2 years.

A: Loan is the amount borrowed bank in exchange for principal and interest to be paid either at the end…

Q: riod, if a loan of Php 50,000 is made for a riod of 16 months at a rate of 7.5%?

A: The amount due at the end of period will be amount of loan and accrued interest on that. That would…

Q: A $67,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly…

A: Payment per period can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv],…

Q: 20000 TL loan is being repaid by installments of 100 TL at the end of each month for as long as…

A: given information total loan = 2000 pmt = 100 interest = 12%

Q: 20.000 TLloan is being repaid by installments of 400 TL at the end of each month for as long as…

A: The loan balance at the end of three years can be computed by calculating the future value of the…

Q: THE SHORTHOLDER BANK PAYS 5.60%, COMPUNDED DAILY (BASED ON 360 DAYS), ON A 9-MONTH CERTIFICATE OF…

A: Interest to be calculated should be on the amount of certificate of despising at which it was…

Q: A $24,100 loan is to be settled by making payments of $6,980 at the end of every 3 months. The…

A:

Q: 12.000$ loan is being repaid by installments of 700$ at the end of each mont for as long as…

A: Loan is a value which is borrowed from the other sources like banks and this amount is repaid later…

Q: A P15,000 loan at 12% compounded quarterly is to be amortized every 3 months for 12 years. Find the…

A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?

Q: A $35,000 loan at 4% compounded quarterly is to be repaid with six equal quarterly payments. The…

A: The total present value of all future installments to be paid is equal to the current value of loan.…

Q: 2. RM 500 payment is made every month to amortize a debt of RM4736. By constructing an amortization…

A: An amortization schedule is a table showing the manner in which the debt is paid off. It includes…

Q: A loan of 20,000 is to be repaid as follows. Payments of p are to be made at the end of each month…

A: Amount of Loan = 20000 Principal amount to be paid in total 96 installment = 20000-5400 = 14600…

Q: 3. In how many months will a loan of P1.0M be paid if the monthly payment is 35,738.21? Interest is…

A:

Q: equipment loan for $20,000 down payment of 20 percent 12 percent APR for 30 months a. What is the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Problem. A P45,000 loan at 10% compounded monthiy is to be amortized every month a year. Find the…

A: Data given: Loan amount (p) is P45000 Time (t) is 1 year Periods of Compounding is 12 Interest rate…

Q: Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at…

A: Future value = Present value * (1 + rate*time)

Q: Consider a loan of Php 40,000, payable for 24 months at an interest rate of 8% compounded monthly.…

A: The periodic payment has two components. One is the interest amount and another is the repayment of…

Q: A loan of P50k requires quarter payments of P2875 over 10-year period. These payments include…

A: Loan amount (L) = P 50000 Quarterly payment (Q) = P 2875 Duration (n) = 10 years = 40 payments Let r…

Q: 20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as…

A: Loan is the net amount that a borrower borrows from the lender that needs to be repaid with the…

Q: Monthly payments are to be made against an $850,000 loan at 7.25% compounded annually with a 15-…

A: An amortizing loan is a type of debt that requires regular monthly payments. Each month, a portion…

Q: M 500 payment is made every month to amortize a debt of RM4736. How many payments have to be made to…

A: Using NPER function of the excel, we can calculate number of payments to be made to settle the loan…

Q: A loan of $7000.00 is repaid by payments of $450 at the end of every three months. Interest is 6%…

A: Using excel NPER function

Q: 20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as…

A: Computation: Year 1:

Q: If the first payment is made ten months after the loan is granted, then Rx (rounded to the nearest…

A: Amortization means a loan is written down over a period of time so that the instalment payments will…

Q: Calculate the monthly payment on a home loan of R1 million, duration of 25 years, and interest rate…

A:

Q: A loan of £5,000 is to be repaid by level monthly instalments in arrear over a period of five years,…

A: The conceptual formula used: