tplease answer all 12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% andis due in 6years and 3 months.A. P3,250.00C. P32,500.00B. P31,200.00D. P46,800.0013.) Jamaico made a loan of P20,450.00 from a bank that charges 3% simple interest. How much must hepay the bank after 2 years?A. P1,227.00C. P32,720.00B. P21,677.00D. P42,127.0014.) At what interest rate compounded semi-annually will P15,000.00 accummulate toP25,000.00 in 10 years?А. 2.05%В. 2.59%C. 4.05%D. 5.17%15.) ABC University anticipates additional expenses of P367,800.00 for a new equipment needed foroffering a new course 5 years from now. How much should be invested in an account that earns12% compounded monthly?C. P202,455.37D. P668,181.05A. P62,427.83B. P165,344.63ActivateGo to Setting

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Answered: 12.) Find the simple interest on a loan…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 14P

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Gifts Galore Inc. borrowed 1.5 million from National City Bank. The loan was made at a simple annual interest rate of 9% a year for 3 months. A 20% compensating balance requirement raised the effective interest rate. a. The nominal annual rate on the loan was 11.25%. What is the true effective rate? b. What would be the effective cost of the loan if the note required discount interest? c. What would be the nominal annual interest rate on the loan if the bank did not require a compensating balance but required repayment in three equal monthly installments?
Everett's Electronics is receiving a senior bank loan with the following terms: $6MM principal, 5.6% interest rate, 7 year loan term, 0.75% commitment fee, and a 1% closing fee. What is the expected annual return to the lender? A. 5.85% B. 6.85% C. 5.91% D. 6.2%
A bank makes a loan of $1,000,000 at a rate of 6% p.a. It also requires a compensating balance of 5%. What is the effective cost to the borrower? 6.05% 6.25% 6.32% 6.45% You invest $10,000 in a 270-day CD at a rate of 6%, compounded daily. What is the amount you receive at maturity? $10,460.24 $10,600.22 $11,200.35 $11,345.48
A bank makes an amortizing loan of $200,000 with a maturity of 8 years and equal payments every year. What is the principal outstanding at the end of year 6 if the interest rate is 6%? A $27,041.78 B $30,384.41 C $59,048.42 D $86,092.20
A bank charges an interest rate of interest is 6% compounded annually. A customer takes a loan of $159,348.29, which is to be paid back by annual payments of $18,000 at the end of each year for 13 years. What is the outstanding balance of the loan after the 2nd year? a. $141,963.74 b. $20,224.80 c. $37,080.00 d. $123,348.29 e. $33,001.07
2. An investor borrows $2m from XYZ Bank at LIBOR-90 plus a quoted margin of 2%. If the LIBOR-90 effective for the 90-day loans equals 5%, the amount of interest that the investor will pay XYZ Bank is closest to: A. $140,000 B. $35,000 C. $65,000
2. Assuming that you obtain a bank loan for 500,000 with an annual interest payment of 10% of the principal. Compute for the present value under the following independent scenarios: a. Effective rate is 10% b. Effective rate is 8% c. Effective rate is 12%
Assume you borrow $10,000 today and promise to repay the loan in two payments, one in year 2 and the other in year 4, with the one in year 4 being only half as large as the one in year 2. At an interest rate of 10% per year, the size of the payment in year 4 is closest to: (a) $4280 (b) $3975 (c) $3850 (d) $3690
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Suppose you borrowed $15,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. by how much would you reduce the amount you owe at the end of the first year? (in other words, how much of the principal anount of the loan have you paid off) A. $2,404.91B $2,531.49C. $2,930.51D. $2,790.96E. $2,658.06
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12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% andis due in 6 years and 3 months. C. P32,500.00 D. P46,800.00 A. P3,250.00 B. P31,200.00