4. Jasmine bought a laptop amounting P 45,00 in an installment basis with 1.5% annual interest. She provides a P5000 down payment and promise to pay P3000 at the end of 1st year, 9000 at the end of 2nd year. 4000 at the end of 5th year and the remaining balance at the end of 8th year. Find the remaining balance and create a cash flow diagram.
4. Jasmine bought a laptop amounting P 45,00 in an installment basis with 1.5% annual interest. She provides a P5000 down payment and promise to pay P3000 at the end of 1st year, 9000 at the end of 2nd year. 4000 at the end of 5th year and the remaining balance at the end of 8th year. Find the remaining balance and create a cash flow diagram.
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 2STP
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Transcribed Image Text:4. Jasmine bought a laptop amounting P
45,00 in an installment basis with 1.5%
annual interest. She provides a P5000 down
payment and promise to pay P3000 at the
end of 1st year, 9000 at the end of 2nd year.
4000 at the end of 5th year and the
remaining balance at the end of 8th year.
Find the remaining balance and create a
cash flow diagram.
5. Emmanuel is a money lender who gives
15% interest rate annually to allIl borrower.
Jessie borrowed $9000 to him. Based on
the contract, Jessie needs to pay the
borrowed money and its interest in 8years
Jessie decided to deposit his payment twice
a year and the bank provides him 3% interest
compounded semi-annually. Find the
sem-annually deposit to pay the borrowed
money and interest.
6. Find the rate of interest if the principal
value is $28000 with an interest value is
$9000 after 5 years.
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