wwwSITUATION 2:Ricardo is short of money and still has bills topay. He was offered by two lenders differentways to 'help' him.21. If the first one offers to lend him P10,000payable after one year, how much money willhe pay if money is worth 12% annually?a, P10,200c. P11,200or ab. P12,000vend. P10,12022. The second one offered to lend himP10,000 but that amount shall be deducted bythe 10% interest first before finally giving himthe amount. If he is obliged to pay the 10, 000at the end of one year, what is the realeffective interést in this kind of loan?ntera. 11.11%b. 10.10%C. 12.12%d. 10.00%23. If he agrees to come in terms with the firstcompany but negotiates to pay the amount bymaking payments once every 6 months, howmuch money shall he pay the first companysemi-annually?a. P5,600C. P5,500roadb, P5,466.59opingd. P5,656.56SITUATION 3:344

Answered: 21. If the first one offers to lend him…

21. If the first one offers to lend him #10,000 payable after one year, how much money will he pay if money is worth 12% annually? a, P10,200 c. P11,200 b. P12,000 d. P10,120

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 30P: A mortgage 105m is a loan that a person makes to purchase a house. Table 19.11 provides a list of...

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Question

www
SITUATION 2:
Ricardo is short of money and still has bills to
pay. He was offered by two lenders different
ways to 'help' him.
21. If the first one offers to lend him P10,000
payable after one year, how much money will
he pay if money is worth 12% annually?
a, P10,200
c. P11,200
or a
b. P12,000
ven
d. P10,120
22. The second one offered to lend him
P10,000 but that amount shall be deducted by
the 10% interest first before finally giving him
the amount. If he is obliged to pay the 10, 000
at the end of one year, what is the real
effective interést in this kind of loan?
nter
a. 11.11%
b. 10.10%
C. 12.12%
d. 10.00%
23. If he agrees to come in terms with the first
company but negotiates to pay the amount by
making payments once every 6 months, how
much money shall he pay the first company
semi-annually?
a. P5,600
C. P5,500
road
b, P5,466.59
oping
d. P5,656.56
SITUATION 3:
344

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