5. Mr. Eden borrows from the bank P600, 000 at 12% pa compounded quarterly, agreeing to pay the loan in 10 equal quarterly payments. What should the quarterly payments be if the first payment is to be made 15 months from now? Coloo th

Q: What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 19,734 every three…

A: The interest amount is the price for the borrowed funds which is paid the borrower of amount and…

Q: Mr X borrowed P100k at 5% per month payable in 60 equal end the month payments. a). How much of the…

A: Loan Amount           P 1,00,000.00 Time Period (Months) 60 Interest rate (Months) 5%

Q: Today, a businessman borrowed money to be paid in 10 equal quarterly payments starting at the end 2…

A: Quarterly payment (P) = P 2000 Annual interest rate = 10% Quarterly interest rate (r) = 10%/4 =…

Q: Adrian borrowed $2,000 for 4 years For the first 15 years, the interest rate on the loan was 8%…

A:

Q: If I plan to avail of a loan today and I will pay it P8,388 every start of the month for 6 years…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: Carlo paid P 13,500 after two years to fully pay his loan that costs P 10,000. What is the interest…

A: Loan to be repaid on maturity = C* ( 1+i)n Where C is the amount of loan borrowed  i is the periodic…

Q: Caren Rodriguez borrows P1,500 with simple interest at 3% per month. What payment at the end of 10…

A: Borrowed amount = P1500 Interest rate = 3% per month Period = 10 Months

Q: A man agrees to make equal payments at the beginning of each 3 months for 10 years to discharge a…

A: Quarterly rate of return (r) = 0.02 (i.e. 0.08 / 2) Principal debt (P0) = P8,000.00 Quarterly period…

Q: a. If you borrow $1,100 and agree to repay the loan in six equal annual payments at an interest rate…

A: Part (a)Let the annual payment be P. Interest rate, i = 11%; n = period = number of payment =…

Q: 2. A consumer loan has a scheduled payment of P 2,000 every quarter for 3 years. If money is worth…

A: Quarterly payment (P) = P 2000 Period = 3 Years Number of payments (n) = 5 Interest rate = 9%…

Q: Mr. Reyes borrows 600000 at 12% compounded annually agreeing to repay the loan in 15 equal annual…

A: Formulas:

Q: Tshepo needs R5 000 urgently. He goes to the bank and borrows the money at an interest rate of 28%…

A: Compound interest is the interest earn on interest. The rate at which compound interest accrues…

Q: A man borrowed P3 000 to be paid after 18 months with interest at 12% compounded semi-annually and…

A: Here, First borrowed amount payable in 18 months at 12% interest rate compounded semi annually is…

Q: 5. A man takes out a loan of P150, 000 from a credit cooperative, which charges interest at the rate…

A: Simple interest: Simple interest is the amount of interest that is determined for a principal amount…

Q: 6. A consumer loan worth 83,000 pesos is to be repaid in 18 months at 8% convertible monthly. How…

A: Here, Details of Ques-6: Mortgage Amount (P) is  83,000 pesos Interest Rate (r) is 8% Compounding…

Q: Jack borrows $7,000.00 at an interest rate of 15% compounded monthly to be paid off monthly payment…

A: Answer Correct option $6,467.70

Q: If you borrow $5000 that you agree to repay in 8 equal quarterly payments at 2.8% interest per…

A: given, Principal = $5000 r=2.8% per quarter number of quarter = 8

Q: 3. Mr. Bainto has a loan that is to be amortized by paying monthly payments of P 3,200 for 1 year.…

A: Monthly payment (P) = P 3,200 Number of payments (n) = 6 Interest rate = 12% Monthly interest rate…

Q: Bill Mitselfik borrowed $10,000 to be repaid in quarterly installments over the next five years. The…

A:

Q: 5. A man owes P 10,000 with interest at 6% payable semi-annually. What equal payments at the…

A: Here, Amount owed is P10,000 Interest Rate is 6% Compounding Period is Semi-Annual i.e. 2 Time…

Q: Mr. J. Dela Cruz borrowed money from a bank and he receives P1,340.00 and promised to pay P1,500 at…

A: Note: The question provided are two separate ones. In the first one, I have calculated both the…

Q: 1. Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal…

A: Loan amount = P 600,000 Annual interest rate = 12% Number of annual payments = 15

Q: Saud borrowed $90,000 now. He will pay off the loan with 10 equal quarterly payments. The first…

A: To find the quarterly payment one can apply the formula in excel called PMT which calculates the…

Q: Tim needs to borrow money today. He agrees to pay back the loan via 30 equal monthly installments of…

A: Monthly installment (M) = Php 10000 n = 30 months  Interest rate = 16% compounded quarterly We need…

Q: Tedros borrowed $2 million and planned to repay the loan by making equal month-end payments over a…

A: Time value of money(TVM) means that the money received today will be worth more than the amount of…

Q: 2. A bank loan of P6,000,000 charged at 9.65% pa compounded quarterly, is to be paid in 10 equal…

A: First we need to calculate effective annual interest rate Effective annual interest rate =1+inn -1…

Q: Jack has borrowed $1,000,000 from MQ Bank for 10 years at an interest rate of j2=3.53%. He will make…

A: Given: Borrowed Amount = $1,000,000 Repayments at the start of the year : Year 1 = $83,000 Year 2 =…

Q: Tedros borrowed $2 million and planned to repay the loan by making equal month-end payments over a…

A: Present value of all the monthly installments should be equal to the loan amount. Equated monthly…

Q: 1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each…

A: The periodic payment is calculated by dividing the loan amount from the present value factor. It…

Q: Gloria borrows P100,000 from a lending institution which changes an interest rate of 16% compounded…

A: Formula for finding Annual Payment =[Interest rate*Borrowed Amount]/[{1-((1+Interest rate)^(-Number…

Q: Mr. Eden borrows from the bank P600,000 at 12% pa, agreeing to pay the loan in 15 equal quarterly…

A: Number of quarterly payments (N) = 15 Loan = 600,000 Rate = 12% p.a. Number of compounding periods =…

Q: Solve the problem below on Amortization. (Round amounts to the nearest centavo) Mr. M. Roque obtains…

A: Loan amount (PV) = P 60,000 Interest rate = 8% Quarterly interest rate (r) = 8%/4 = 2% Period = 3…

Q: If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years…

A: monthly rate (r) = (1 + 11.6%/4)1/3 - 1 = 0.9575% FV = 0 N = 6*12 PMT = 7,338 use PV function in…

Q: To pay off a loan of R7 000 due now and a loan of R2000 due in 14 months' time, Olorato agrees to…

A: 1st Loan Amount = R 7,000 2nd Loan Amount = R 2,000 Interest Rate = 16%

Q: Ahmad borrowed $15,000 now and it is to be repaid by equal end-of-quarter installments for 5 years…

A: Quarterly payment is calculated by present value of annuity formula for periodic repayments. Present…

Q: 1. Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal…

A: Loan amount (PV) = P 600,000 Interest rate (r) = 12% Number of annual payments (n) = 15

Q: The 12% add on loan is to be repaid in monthly installments over 2 years.  The amount borrowed was…

A: Calculation of Monthly Payment:The monthly payment is $279.Excel Spreadsheet:

Q: . Mr. Formento pays at the end of every month for a loan that charges 5% inter ompounded quarterly.…

A: There are many types of annuities depending on the payment at the end or beginning or whether it is…

Q: If I plan to avail of a loan today and I will pay it P7,938 every end of the month for 6 years…

A: Equivalent annual rate = (1  + 11.09/4)4 - 1 = 11.56% Monthly rate (rate)= 1.1156^1/12 - 1 =…

Q: 6. A consumer loan worth 83,000 pesos is to be repaid in 18 months at 8% convertible monthly. How…

A: Here, Details of Ques-6: Mortgage Amount (P) is  83,000 pesos Interest Rate (r) is 8% Compounding…

Q: Regine borrows $5000, to be repaid in 36 equal monthly installments. The interest rate is 10% per…

A: We need to use loan amortization formula given below PMT =PV1-1ei*nei -1 Where i=periodic interest…

Q: 17.  a. If you borrow $1,000 and agree to repay the loan in five equal annual payments at an…

A: a) repaying or receiving an equal amount of installments is called an annuity. present value of…

Q: An engineer deposits $830 per month into a savings account that pays interest at a rate of 10% per…

A: The future value of an annuity is the future worth of a series of cash flows at a certain rate of…

Q: Ahmad borrowed $15,000 now and it is to be repaid by equal end-of-quarter installments for 5 years…

A: The periodic payment refers to the equivalent annual cost made towards the acquisition of an asset…

Q: 4. Cloy availed a cash loan that gave him an option to pay P10,000 monthly for one year. The first…

A: PV annuity due=C×((1-(1+i)^(-n))/i)×(1+i)C=Cash flow per period i=Interest raten=Number of payments…

Q: 3. Mr. Smith has arranged for a mortgage loan of $200,000. The annual rate on the loan is 12%. The…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: An engineer deposits $830 per month into a savings account that pays interest at a rate of 10% per…

A: Future value of annuity is the value of recurring regular interval cashflow compounded at the…