Q: The maturity value of a 3-month loan of $4000 is $4085. What is the simple interest rate?
A: We find the simple interest rate when maturity value of a 3-month loan of $4000 is $4085.
Q: What is the simple interest rate of $290, 12.5%, 6 months
A:
Q: Tirade Owens, a professional athlete, currently has a contract that will pay him a large amount in…
A: GIVEN :- Tirade Owens, a professional athlete, currently has a contract that will pay him a large…
Q: Calculate the yield on $1000 Treasury bond with a coupon rate of 6% that has a market value of $860.
A: We have been given the face value of the treasury bond to be $1000 with a coupon rate of 6%.Let us…
Q: Calculate the maturity value of a simple interest, 12-month loan of $5000 if the interest rate is…
A:
Q: Scarlet Company received an invoice for $57,000.00 that had payment terms of 2/5 n/30. If it made a…
A: Given information Invoice=$57,000 Payment term of 2/5 n/30 And partial payment of discount…
Q: Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to…
A:
Q: What corresponding discount rate equivalent to 10.45% interest rate for 15 months?
A: We can find the answer as below.
Q: The maturity value of $3600 at 5% for 9 months is.
A: we know , the maturity value , V = P( 1+ R)^T V – Maturity Value P – Principal Invested R – Rate…
Q: Calculate the missing information for the loan. Round percents to the nearest tenth and days to the…
A: Given Rate r = 10.3% Interest i = $2000 Maturity value = $47000
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: Susan Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…
A:
Q: On February 15, 2021, the market value of the investments contained in the Global Investment Fund, a…
A: given investment on mutual fund = $15,100,000 liabilities for fund =$1,661,000 claim- calculating…
Q: Carlos earns a gross income of $5,690 per month and applies for a mortgage with a monthly PITI of…
A: Consider the provided question, Given, Carlos earns a gross income of $5,690 per month and applies…
Q: The financial officer of Toys and Noise arranges a loan of $6,500, at 8.5% Interest, for 35 months.…
A:
Q: What amount will reduce the amount due on an invoice of $9410.25 by $842.00 if the terms of the…
A: Given that the amount due on an invoice of $9410.25 by $842.00 and the terms of the invoice are 510,…
Q: Paula Jan borrowed Php 3,450 for 1 year and 3 months at 18% simple interest. What is the maturity…
A:
Q: What is the total cost of the subsidized loan?
A: Given, P=$40000 Subsidized loan: r = 6.6%t = 10 We have,…
Q: Determine the amount of a semi-annual coupon and the total coupon paid for a 3% bond with a face…
A: Given: Total coupon is paid for 3% bond value Face value=ℙ 80,000 Maturity at 15 years.
Q: 2. For a purchase of a house and lot worth P3,800,000, the bank requires 20% down payment, find the…
A: Since you have posted a multiple question according to guildlines I will solve first question for…
Q: An interest –in-advance collected from an amount of P85, 500 borrowed for 450 days and discount rate…
A:
Q: What is the value of $2000 per year, at a discount rate 11% , if the first payment received 9 year…
A: Given query is to find the future value of the above agreement.
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: 7. If a house is sold for P3,000,000 and the bank requires 20% down payment, find the amount of the…
A: Mortgage
Q: Determine the amount of money Western Bank should be willing to loan a developer who will repay the…
A: Future amount = $840,000 Developer will pay 2 years from now Interest rate = 10% per year or we…
Q: What is the purchase price of a 6-month T-bill with a maturity value of $2000 that earns an annual…
A: Maturity value of T-bill=$2000 Terms=6 months=180 days Interest rate=3.60% Assume number of days in…
Q: Scarlet Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…
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: What is the maturity value (in Php) for a loan of Php 616.921 at 6.3% interest for 6 months? (Hint:…
A:
Q: What should be the annual discount rate of a loan if the simple interest rate is 8%?
A: Given Information : Simple interest rate = 8% or 0.08 Let discount rate be D. So, as we know Simple…
Q: Calculate the cash discount and the net amount due in $. Amount of invoice $14,660 Terms of sale…
A: Consider that the amount of invoice is $14660, 2% of cash discount is offered when the invoice is…
Q: At what simple interest rate (in 4 decimals) will you have an interest of PhP 756 and a maturity…
A:
Q: To help open up a jewelry store, Amy borrowed money from her credit union. She took out a personal,…
A: Given that Loan amount (P) = $48,500 Interest rate = 6.45% = 0.0645 Monthly rate (r) =…
Q: 19. Capital Air, an air conditioning company, accepted a 150-day simple interest note for $8,500 at…
A: Given that, the note amount is $8,500. Period = 150 days. Discount rate = 12%.
Q: A payment of R150 000 due in 30 years' time is purchased from a company by means of level monthly…
A:
Q: 17. CASINO Wyatt Construction borrowed $157.25 million during the construction phase of adding a…
A: Given problem is :
Q: Determine the monthly payment for a $30000 car with no down payments using 12% annual financing for…
A:
Q: 2. Elen Serug needs P70,000 to repair her roof. Find the face value of the note that will provide…
A: To find- Elen Serug needs P70,000 to repair her roof. Find the face value of the note that will…
Q: 3. I owe P10,000 due at the end of 3 years without interest. What should my creditor be willing to…
A: The borrower owes P10,000 due at the end of 3 years without interest. At 7% simple interest the…
Q: Mr. Dela Cruz issued a Promissory note on May 8, 2015 to BPI amounting to Php 100,000 with interest…
A:
Q: paid on July 5
A: Given- A loan of P100,000 was made on January 25, 2018 with 4.7% simple interest. In the given…
Q: What annual interest rate is earned by a 11-week T-bill with a maturity value of $1,500 that sells…
A: Future value equation is F=P(1+i)n, where F stands for future value of a product. P stands for…
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: What amount should be paid on January 13, 2016 for a loan of 16,000 pesos made on July 7,2015 at 8%…
A: Principle (P) = 16,000 pesosInterest rate (I) = 8%Time (T) = 6 months and 6 days = 6+630monthsTime…
Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…
A:
Q: 16. Melissa Silva borrowed $4,200 from the bank. If she has already repaid of the loan, what is the…
A: As per the company guidelines we can solve first question. I hope that the given solution will help…
Q: Determine the annual insurance premiums for a policy insuring a male age 40 , who wants to purchase…
A: Consider the provided question, Since, the total amount of premium paid annually is called the…
Q: 1. Radin brought a car that cost RM120,000. The useful life of the car is eight years. If the…
A: The given question can be solved as shown in step2.
Q: A certain bank pays 3.4% interest per year for a certificate of deposit, orCD. What is the total…
A: Initial payment= P= 1250 Interest rate =r= 3.4%= 0.034 Time= t = 18 months = 18/12= 1.5 years Final…
Q: Determine the amount of a semi- annual coupon paid for a 2% bond with a face value of 20,000 which…
A: The formula for semi annual coupon amount is given by Semi -annual coupon amount=F*rc2…
5. For the purchase of an SUV worth P1,200,000, the bank requires a minimum
amount of 20% down payment, find the mortgaged amount.
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