2. For a purchase of a house and lot worth P3,800,000, the bank requires 20% down payment, find the mortgaged amount.

Q: 3. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10%…

A:

Q: Brooke had to make a payment of $2,900 in 10 months and $1,350 in 17 months, to a raw material…

A: Simple interest is based on the principal amount of a loan or the first deposit in a savings…

Q: 3. In order to purchase a home, a family borrows $70,000 at 12% for 15 years. What is the monthly…

A: In this question, we need to find the monthly payment to amortize the loan.

Q: . Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a…

A: Answer a. Face Value = $1,000 Annual Coupon Rate = 7.00%Annual Coupon = 7.00% * $1,000Annual Coupon…

Q: 11. Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% per annum…

A:

Q: The Tomac Swim Club arranged short-term financing of $13,700.00 on July 13 with the Bank of Commerce…

A:

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 35000 at the time…

A: Given Total amount payable = 3500 Interest rate = 9% Terms= 10 years

Q: a. Annual payments of 8,000 for 12 years that will start 7 years from now. b. Quarterly payments of…

A:

Q: Michelle was supposed to pay Hui $5,500 6 months ago and $1,720 in 5 months. If she wants to repay…

A:

Q: ow much would be the final payment to be made by Karlo for his loan of P45,000 payable in 12 months…

A:

Q: 2. Roel purchased a car from a financial institution. If the cost of the car is Php1,250,000.00 and…

A: The formula for amount when interest is compounded quarterly is A=P1+r44t Here, P= Prinicipal amount…

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $20,000 at the time…

A: Given, Suppose that your unsubsidized Stafford loans plus accumulated interest total $20,000 at the…

Q: If the proceed of a loan of P25,000.00 will be paid with P27,000.00 at the end of 1 year and 3…

A:

Q: 1. Bank of Seguismundo offers a special instalment rate of 1% per month or 12%  per annum for…

A: Given that: Rate of interest, r=1% per month or 12% per annumPrincipal amount,  = 100,000Interest,…

Q: 6. Suppose a bakeshop purchased an equipment worth P 100,000 equipment, which was expected to last…

A: Cost of the asset = 100,000 Salvage Value = 8,000 The useful life of the asset = 5 years…

Q: 6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound…

A: Note: according to our guidelines we can answer only 6th question 6)

Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

A:

Q: What will be the amount of his monthly amortization? b. Construct an amortization schedule. Use a…

A:

Q: Julia had to make a payment of $2,000 in 10 months and $2,250 in 18 months, to a raw material…

A: Given :  Julia had to make a payment of $ 2, 000 in 10 months and $ 2,250 in 18 months and a simple…

Q: 2. The Taylors agreed to monthly payments rounded up to the nearest $100.00 on a mortgage of $136…

A:

Q: A contract has been signed to leave a building at P200,000 per year with an annual increase of…

A: Solution:-

Q: Michelle was supposed to pay Hui $6,600, 6 months ago, and $1,100, 5 months from now. If she wants…

A:

Q: Suppose we have a four year fixed-payment loan with $1000 payments made at the end of each year.…

A: $1000 payments made at the end of each year. Total amount at the end of 4 years is A=$1000*4=$4000.…

Q: A refrigerator which is listed at RM4,500 cash can be purchased on an instalment purchase by making…

A: Use the formula of each method to determine the monthly payment. The total amount paid is the sum of…

Q: 2. Mr. Layug had a 43,000-peso business loan that is to be paid in 8 months. If interest rate is 8%…

A: As per the guidelines we can solve 3 parts only

Q: Suppose that a payment in three years of 11000 dollars has a present value of 8422.34 dollars. What…

A: This is compounding problem

Q: B. A 520,000-peso bond is redeemable at 620,000 after 6 years. Coupons are given at 6% convertible…

A: Given query is to find the amount of semiannual coupon.

Q: A house costing RM120,000 cash is purchased by making a down payment of RM40,000 and the balance is…

A: As you asking multiple questions , I do only first question.

Q: The Tomac Swim Club arranged short-term financing of $15,600.00 on July 19 with the Bank of Commerce…

A:

Q: 2. Lea borrows PhP 100,000 at an annual effective interest rate of 4% and agrees to repay it with 30…

A:

Q: 12) As part of his retirement planning, Mr. Allen purchases an annuity that pays 19 % compounded…

A: According to the given information, Rate of annuity (r) = 19% Yearly payment = $3500 Time (n) = 2.5…

Q: 5. b) A debt of RM 7000 matures at the end of the second year and another of RM 8000 at the end of…

A: Given:  A debt of RM 7000 matures at the end of the second year another of RM 8000 at the end of six…

Q: Noreen Leung has agreed to purchase her partner’s share in the business by making payments of $1,100…

A:

Q: Construct the amortization schedule for a $10,000 debt that is to be amortized in 6 equal quarterly…

A: Given information Present value of loan amount PV=$10,000 Number of period that is number of quarter…

Q: how much will amortize a product with a down payment of 3,000 Php for a monthly payment payable for…

A: Given Price = 21,000 and 15% discount  time = 2 years

Q: 4. Your mother bought an oven-toaster costing P12,000 if paid in cash. However, the saleslady told…

A:

Q: A bond issue is approved for building a regular payments of $96,000 every quarter into a sinking…

A: Given: To find the interest and amount how much will the city have to pay, The given details: i =…

Q: A debt of $8,800 is to be amortized with 8 equal semiannual payments of $1,417.12. If the annual…

A: SOLUTION-

Q: 1. Sarah plans to deposit RM1000 and makes no withdrawals for 2 years. She wants to have a total…

A: Here Given, A=RM 1120 P=RM 1000 t=2 years

Q: 3. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10%…

A:

Q: a. Annual payments of 8,000 for 12 years that will start 7 years from now. b. Quarterly payments of…

A: Given : (a) Annual payment of 8000 for 12 years that will start 7 years from now (b) Quartely…

Q: Find the present value of an annuity-immediate that lasts five years and pays $3,000 at the end of…

A: To find the present value of annuity - immediate that last five years. To find this, we first…

Q: if we take out $230,000, 15 year mortgage with a rate of 6.6% what are the monrhly payments?

A: Given that, P=$230,0000, t=15 ,r=6.6% and n=12. Use the formula for the monthly payment, Monthly…

Q: What is the amount to be paid if the debt is paid at once at the end of the term

A:

Q: 6.b) Atiqa borrowed RM 80000 at 12% compounded monthly for 5 years. i) Find her monthly payment ii)…

A: given PV=80000 i=121200  =0.01 and  n=5 years   =5×12 month    =60 month (i) find the monthly…

Q: Use PMT = to determine the regular payment amount, rounded to the nt nearest dollar. In terms of…

A:

Q: What is the annual amortization of a 7% loan of P1.5M that is paid back in five annual end-of-period…

A: In the given problem we have to find the annual amortization of a 7% loan of  1.5M peso that is paid…

Q: To supplement your planned retirement in exactly 42 years, you estimate that you need to accumulate…

A: a)To get the amount of each annual payment (PMT) ;   PMT={FVA _{42}} ÷(\frac{(1+0.08)^{42}-1}…

Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

A:

Q: If a 12-day single payment loan has a periodic interest rate of 11.2%, what is the approximate APR…

A:

Q: If a car loan of P790,000 requires a 20% down payment. How much is the mortgage?

A: "Since you have posted multiple questions, we will answer the first question. If you want the…