14. Your sister bought a condominium unit for P9 300 000 through a condominium loan which she availed of from a universal bank at a fixed annual rate of 8% for 10 years. What amount is financed by the bank if she is required to pay an equity of 30% of the total price of the condominium?

Q: 4. A group of 4 students plan to put up a camputer shop that requires a capital of Php260, 000. They…

A: The given problem can be solved using NPER function in excel. NPER function computes no. of…

Q: 3.) Engr. De Ocampo is planning to buy a condominium. If he is to pay 100k per month with a down…

A: As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

Q: What is the monthly payments you must make on this loan?

A: Pricipal=? n=60 months Rate=12%

Q: 7. Ellen has a balance of $15,000 on her car loan and an interest rate of 2.75%. To pay off the…

A: Time has been precious in all perspectives, however in terms of finance; the time has a monetary…

Q: 15. Your sister bought a condominium unit for P9 300 000 through a condominium loan which she…

A: The total value of condominium is P 9,300,000 out of which 30% is paid with equity and the rest of…

Q: Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25%…

A: Amount to be borrowed (A) = ₱ 250000 Limbon rural bank rate (r) = 1.25% = 0.625% semiannually Buli…

Q: Tomneed to have $15,000 in five years to pay offa home equity loan. If Tom were to invest in an…

A: Tom needs $15000 in 5 years. He has to make one deposit now that will get an interest of 5.75%…

Q: You decide to buy a house costing $6,000,000. You pay $1,000,000 down, and the remainder will be…

A: Here, Value of House is $6,000,000 Down Payment is $1,000,000 Therefore, Loan Amount (PV) is:…

Q: 14. Loma Evenson would like to buy a $19,000 car in 4 years. Loma wants to put the money aside now .…

A: Using the present value function in excel

Q: d to borrow $350,000 from a bank to buy her dream house. She approached Prosperity Bank and they…

A: Payments to mortgage will be paid by weekly payments that will carry the payment for principal…

Q: Solve the following and show your solution. 1. Peter borrowed P100,000 at 8% compounded annually?…

A: Comment;  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 2. An brokage house employee is trying to sell you investment instrument, which for a single amount…

A: Present value = Annuity * PVAF ( rate, years ) Present value = Amount * PVIF ( rate, years )

Q: 7. Invested in an account earning 14% per year.  If you invest $500 today, how many years will it…

A: Note: Since you have posted multiple questions, we will solve the first question for you. To get the…

Q: Laura wants to buy a delivery truck. The truck costs $117,000 , and will allow her to increase her…

A: Financial management consists of directing, planning, organizing and controlling of financial…

Q: 4. Mr. Bueno would like to know the present value of his savings with P 4,500.00 deposit every 6…

A: 4) Semiannual saving (S) = P 4500 n = 10 years = 20 payments r = 7% per annum = 3.5% semiannually

Q: Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: The effective annual rate can be used to compare the two different interest with different…

Q: (b) Aminah plans to buy a house in Shah Alam which the market price is RM450,000. To buy the house,…

A: The amount to be deposited each year is known as an annuity. It refers to the equal payments made at…

Q: Betty wants to invest a monthly sum of money in order to accumulate R100000 in seven years. How much…

A: The PMT function or concept can be used to determine the periodic payments required to accumulate a…

Q: a. Suppose that between the ages of 22 and 36, you contribute $8000 per year to a 401(k) and your…

A: According to the question, fixed amount is deposited every year. So it’s the question of annuity.…

Q: "Lin is wants to earn an amount of $28399. She heard that ABC Bank is accepting investments to be…

A: Investment amount (P) = $ 3126 Interest rate (r) = 3.61% Period = t Future value required (FV) = $…

Q: 8. Suzy is starting college in 4 years and would like to have $4000 when she starts. She has $2500…

A: The question gives the following information:

Q: 4. The Tower family wants to make a home improvement that is expected to cost RM60,000. They want to…

A: given information   cost = RM60,000 interest rate = 12% no of years  =  10 years

Q: 4/ Julieta and Eric are purchasing a home. They wish to save money for 15 years and purchase a house…

A: The concept of time value of money states that the same amount of money has more value today than in…

Q: 4.Ben and Jen are looking at a home that has an annual property tax of $3700 and an average heating…

A: GDSR is the Gross debt service ratio. The maximum GDSR should not exceed 32%. Annual property tax…

Q: A young couple buying their first home borrow $90,000 for 30 years at 7.6%, compounded monthly, and…

A: Solution: As per given - A young couple buying their first home borrow $90,000 for 30 years at 7.6%,…

Q: 0) The Jacobs family is planning to buy a home. They have some money or a down payment already. They…

A: Given information: Amount needed to borrow : $213,000 Time Period of loan : 30 years Annual…

Q: 2. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate…

A: Simple interest is a fixed proportion of the principal amount borrowed or lent that is paid or…

Q: 6) Susan is looking to purchase her first home five years from today. The house costs $1,550,000.…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: You want to save P85,000 for future family vacation (three years from now). If the bank pays 8.5%…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: 2) Aaron is planning to buy an apartment. He earn a monthly income of RM40,000 and plans to put…

A:

Q: married couple decided to buy a brand-new car. The of the loan is P 500,000. They plan to amortize…

A: Monthly amortization refers to the desired sum of the monthly payment for a fixed time of period…

Q: Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will…

A: Present value of annuity refer to the concept of estimating the desired sum of money requires to…

Q: Gayathri has RM5,000 now in her investment account. She wishes to have RM8,000 in her account after…

A: Here, Present Value in the Account is RM5,000 Future Value in the Account is RM7,000 Time Period is…

Q: Rula has purchased a new car for $20.000. She paid $3.000 as a down payment, and she paid the…

A: Given Information: New Car purchased = $20,000 Down payment = $3,000 Equal annual installments =…

Q: 2. Your aunt invested in a variable insurance product of universal bank. If her annual premium is…

A: The amount that should be invested today can be computed as the present value and The amount that…

Q: (a) Syariqul Haq is trying to save up for a big vacation. He plans to take a trip around Japan when…

A: Savings refers to amount held by an individual after discharging all expenses as taxes, rent,…

Q: Yani has $12,000 for investment purposes. His bank has offered the following three choices. Solve,…

A: Investment = 12000 Monthly Payout = 100 Time Period = 5 years*12 = 50 months Lump Sum Amount at…

Q: ngela wishes to buy a boat in five years that presently costs $150,000. She expects the cost of the…

A: Information Provided: Present costs = $150,000 Inflation (next 2 years) = 3% Inflation (following 3…

Q: 5. A person buys a boat with a cash price of $14500. She pays $500 down and the balance is financed…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Phathu needs R10 500 in ten months' time to buy herself a new lens for her camera. Two months ago…

A: Amount required after 10 months = R10,500 Two months ago amount deposited = R 9000 Interest Rate…

Q: How much will the bank pay for the mortgage?

A: Mortgage amortization refers to a schedule which is prepared to shows the periodic loan payments,…

Q: Ann wants to buy an office building which costs $1,000,000. She obtains a 30 year partially…

A: Building Cost  $     10,00,000.00 LTV 100% Interest Rate 7% Time Period 30 Balloon Payment…