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- On June 26, 2019, Naomi obtained a loan of P150,000 from a local businessman. The interest rate on the loan was 7.75% and it is to be paid on November 15, 2020. What is the Ordinary simple interest using exact time?On May 1, 2020, Hazel borrowed a sum of money from Far East Bank , payable for 2 years at 8% simple interest. She paid P6,000 for the interest of her loan. Find how much was borrowed by Hazel.1) Janet borrows $4,000 on October 20, 2020. If the simple interest rate is 12%, then how much needs to be repaid on May 11, 2021?
- Rosel applied for a cash loan with an amount of P100,000.00 to be paid using ordinary simple interest within 2 year/s and 5 months with an agreed interest rate of 6.5%. How much will she pay all in all at the end of the loaned period in pesos?Maya borrowed 15, 000 pesos last June 10, 2020, from a lending institution which offered 12% simple interest and she promised to pay on October 10 of the same year. What is the exact time?Ms. R. would like to buy a mobile home. For this purpose, she takes out a loan on 01.01.2021 Amount of 80,000 euros. An annual interest rate of 4.5% is set in the loan agreement. a) Ms. R. agrees with the bank that the debt plus interest will be in nine equal amounts to be repaid at the end of each year. The first payment is to be made on December 31, 2022. 1. How much is the annuity to be paid at the end of each year from December 31, 2022?2. Enter the repayment schedule line for the 7th year after the debt was taken on.3. Ms. R. considers instead of the annuities, rather advance equal quarter payments in the years 2022, 2023, 2024 . . To achieve in 2030. How much is the quarterly payment? b) Ms. R. agrees with the bank that the debt plus interest will be paid annuities in each case To repay 15,000 euros at the end of a year. The first payment is scheduled for December 31, 2022 respectively. How many years does she have to pay full annuities?
- Stephanie borrows Php77,000 for 10 months at an interest rate of 12% per year. Find the interest earned and the total amount she has to pay. a) How much is the interest earned? b) How much is the total amount that Stephanie has to pay?Lia plans to buy a house for Php 150702. She wants to make a down payment of Php 22887 and to take out a 28-year mortgage for the remaining amount. If money is compounded monthly at 6.42%, how much must she pay each month?A man decides to deposit a certain amount of money on his son's 10th birthday, which will be equivalent to P280,000.00 with today's purchasibg power of the peso on his son's 25th birthday when he will start his marriage life. If the bank pays 5.5% compounded annually and the rate of inflation is 8.7% compounded annually, how much should be deposited by the man? Using this formula F=P(1+f)^n.
- Mrs. R. would like to buy a mobile home. To this end, she takes out a loan of 80,000 euros on 01.01.2021. amount of 80,000 euros. The loan agreement stipulates an annual interest rate of 4.5%. a) Ms. R. agrees with the bank to repay the debt plus interest in nine equal amounts at the end of each year.at the end of each year. The first payment is to be made on 31.12.2022. 1. how high is the annuity to be paid at the end of each year from 31.12.2022?2. indicate the repayment schedule line for the 7th year after the debt is taken on.3. instead of annuities, Mrs. R. is considering making quarterly payments of the same amount in advance in 2022, 2023, 2024, . . . , 2030 to be made. How high is the quarterly payment?alfred desires 9000 as the proceeds of a 90 day loan from b who charges 5% interest in advance. what sum will alfred pay at the end of 90 days?1. Suppose Kay inherits $250,000, which she invests today at a rate of return of 9 percent compounded annually. How much will Kay's investment be worth in 25 years?2. What amount should be paid on the maturity date to settle a one-hundred-twenty day loan dated March 19, 2013, if the present value is ₱15,600 at 13 27 % simple interest?3. Pooh borrowed ₱10,620.00 from Dorah on October 30, 2015. He promised to repay it after four months, together with the interest at 8% simple interest rate. However, he was unable to repay the debt on time. When he settled his debt on April 16, 2016 he was required to 1038% on the unpaid amount for the time after the due date. How much did he pay?
