2. A bank charges 11% discount on short term loans. Find the sum received by the borrower who requests Phn 1.500 from October 3, 2011 to March 01, 2012. Use exact simple interest.
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- A mortgage 105m is a loan that a person makes to purchase a house. Table 19.11 provides a list of the mortgage interest rate for several different years and the rate of inflation for each of those years. In which years would it have been better to be a person borrowing money from a bank to buy a home? In which years would it have been better to be a bank lending money?If you receive 500 in simple interest on a loan that you made for 10,000 for five years, what was the interest rate you charged?Calculate the equity each of these people has in his or her home: Fred just bought a house for 200,000 by putting 10 as a down payment and borrowing the rest from the bank. Freda bought a house for 150,000 in cash, but if she were to sell it now, it would sell for 250,000. Frank bought a house for 100,000. He put 20 down and borrowed the rest from the bank. However, the value of the house has now increased to 160,000 and he has paid off 20,000 of the bank loan.
- What are some ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whether the borrower will repay the loan?2. A bank charges 11% discount on short term loan& Find the sum received by the borrowerwho requests Php1,500 from October 3, 2011 to March 01, 2012, Use exact simple interest.7 Find the amount needs to be invested if the investors want to receive an annual net income worth 5,400,000 for 7 years. Use the Hoskold's Formula to compute the priceif the money is worth 8% on sinking fund and the yield of interest is 5%.Price =
- If one's salary is $100k per year, the interest rate is 0.5 % (bank's rate), and the withdrawal cost is $300: money demand and withdrawal amount? If an individual can also buy perpetual bonds (either bond or having bank deposit, no other investment), what percentage should she keep in the bank (and buy bonds with the rest)? Explain (current year)5. If you want an investment to double in3 years, what interest rate must it earn? (Hint: Solve for the interest rate)ASAP. Use 2 decimal places for the final answer 5. If I loaned an amount of P50,000.00 with an interest rate of 11.98 % compounded monthly for 5 years. What is the real interest rate or the effective interest rate in percent?
- SHOW SOLUTIONS AND WRITE NEATLY THE FORMULA COMPOUND INTEREST What nominal rate compunded monthly will yiled an effective interest rate of 5.78% in 2 decimal places. INPUT the % sign38. Show solution How much money must you invest today in order to withdraw ₱ 12,156 annually for4 years if the interest rate is 4.23% if payments are done every beginning of the month?Define interest rate.