7. A loan of P 425,000 is to be repaid in full after 3years. If the interest rate is 9% per annum. How much should be paid after 3 years? A. P 550,387.33 B. P 437, 452.18 C. P 356,430 D. P 286,907 ome

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: A lady saves $20,500 in 12years. In each year after the first, she saved $200 more than what was…

A:

Q: Howard bought a $ 10,000.00 GIC bearing interest at 7% c.a due principal and interest in 10 years.…

A: We have solved the first question as it was not specified which question has to be solved. Please…

Q: . Ronald, a recently hired employee of Hat Corp, would like to retire in 30 years with a balance of…

A:

Q: Holly was supposed to pay Tiffany $5,600, 6 months ago, and $1,960, 5 months from now. If she wants…

A:

Q: What single payment today would replace a payment of $2,300 in 2 years and a payment of $4,000 in 4…

A:

Q: 5. If an interest rate is 4%, what is this as a decimal? * (1 Point) O 0.04 O 0.4 O 4 O 0.004

A: For a interest rate x%, in decimal form it is x100=0.0x

Q: Find the amount of simple Interest on a loan of $4,500 at 9% Interest for 15 years. O $427.50 O…

A: Profit and loss

Q: Find the amount of simple interest on a loan of $4,500 at 9% interest for 12 years. O $427.50 O…

A: Thanks for the question :)And your upvote will be really appreciable ;) last option

Q: Payments of $1,800 in 1 year and another $2,300 in 5 years to settle a loan are to be rescheduled…

A: Consider the given information. The payment in 1 year is $1,800 and the rate is 4.9% and time is…

Q: What is the time period of a loan for $3,0000, at 10% ordinary Interest, if the amount of Interest…

A: Given information Principal amount P=$3,000 Rate of interest r=10% Amount of interest is I=$125.00…

Q: 3. How many more monthly payments are made for a 5-year loan than for a 2-year loan?

A: Number of monthly payment for a 5year plan is = 5*12=60 months. (in 1year total number of months is…

Q: Suppose that you have a good credit and can get a 30-year mortgage for $100,00 at 5%. What is your…

A: Since you have asked multiple question, we will solve the first question for you as per our guide…

Q: A contract calls for a payment of P 1,200 at the beginning of each month for 12 months. At what rate…

A: We will use basic knowledge of the compound interest formula to answer this question.

Q: a. Determine the periodic deposit. Round to the nearest dollar. b. Break down the financial goal…

A: Consider the provided question, (1) (a) Given: Rate(r) = 6% compounded annually Time(t) = 18 years…

Q: Then create an amortization schedule that shows the the first three payments for part a)

A: For calculations, we must take the loan plus accumulated interest as the borrowed amount because…

Q: Assume that Aliza has a winning lottery ticket and she are the given the option of accepting the…

A: Given,  Assume that Aliza has a winning lottery ticket and she are the given the option of accepting…

Q: Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days.…

A: We have to find the principle amount for the loan. This question can be done using simple interest…

Q: 5. In working problems involving interest, if the payment period of the interest is quarterly, then…

A: We know, quarter of a period is 14th of the period. Hence, In working problems involving interest,…

Q: What is the Future Value of an annual payment of 200, for 4 years, with a rate of 5%

A: Note: According to bartlrby we have to answer only first  question please upload the question…

Q: Calculate the annual payments, if a loan of $187,400 with an interest rate of 5% compounded annually…

A: We know that  P1=A(1+i)n-1(1+i)ni=A(1+0.05)8-1(1+0.05)8(0.05)=A(0.4775)0.0739=6.643A

Q: (6) A loan of $20,000 is to be repaid in uniform monthly payments over 3 years. If the interest is…

A:

Q: 8. If a car loan of P 680,000 requires a 18% down payment. How much is the mortgage? A. P 122,400 B.…

A: according to our guidelines we can answer only three subparts, or first question and rest can be…

Q: Suppose you take out a 20-year mortgage for a house that costs $377,437. Assume the following:…

A:

Q: A fully amortization mortgage loan is made for $60,000 at 6% interest for 20 years. Payments are to…

A: Principal amount=$60000 Interest rate=6% annually Time of loan=20 years Now payments are made…

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

A:

Q: (6) Assume you have a credit card that has a 24% APR and you have an average daily balance of…

A: Finance charge refers tp the borrowing cost of the money involving the fees as well as interest and…

Q: A loan of $20,000 is to be repaid in thirteen equal annual payments each payable at year-end.…

A: Given Data:  Loan Amount = $ 20000, Repayment Tenure = 13, Interest Rate = j1 = 4% Let the equal…

Q: If an amount of $1521 is borrowed at a simple-interest rate of 9% for 6 years. Then the…

A:

Q: # 1 (Draw a time line to explain the statement) Payments of $1300 due today and $1800 due in 1_ 3 4…

A: as given in the question payment of $1300 due today and $1800 due in 134 years interest rate =2%…

Q: 55 If a student loan in your freshman year is repaid plus 20% four years later, what was the…

A: If a amount P invested at a rate of interest r% per year for time t year.  Then the interest (I) is…

Q: Suppose you take out a 20-year mortgage for a house that costs $453,050. Assume the following: The…

A: Given that, the cost of the house is $453,050 and the loan is 20-year mortgage with rate 4%. Obtain…

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: Answer both the question11) Find the payment necessary to amortize the loan. Round to the nearest…

A: As per our guidelines we are supposed to answer only one question. Kindly repost other question as a…

Q: 2. The Smiths took out a $130,000, 30-year mortgage at an APR of 3.4%. The monthly payment was…

A:

Q: If an amount of $2371 is borrowed at a simple-interest rate of 5% for 6 years. Then the…

A:

Q: a. If the will stipulated that not more than 90 pounds, about $411.3, was to be loaned to…

A: We will just make use of basic arithmetic to solve this. You may additionally keep in mind the…

Q: Suppose a 16-year loan is repaid though level quarterly installments of $350. Suppose we also know…

A:

Q: You get a 15 year, 3.5% fixed-rate mortgage with one point, borrowing $300,000. a. what are your…

A:

Q: Simple Interest on Anne's loan of $7500 if offered at 12.5% and is due in 3 months. The Maturity…

A: In this question, the concept of Simple Interest is applied, The Formula of Simple Interest…

Q: A payment of $2,650 is due in 2 years and $3,600 is due in 4 years. These two original payments are…

A: Solution:   Effective annual rate, r = (1 + 0.0475/4)^2 - 1 r = 0.02389101 First, let's find the…

Q: 1. The Jacobs family is planning to buy a home. They have some money for a down payment already.…

A: The formula of Monthly payment for loan:                       M =Pr121+r1212t1+r1212t-1 where M=…

Q: Assuming a bank loan requires an interest payment of 85$ per year and a principal payment of $1,000…

A:

Q: Suppose that you borrow $5500 before your sophomore year as an unsubsidized Stafford loan.  Suppose…

A:

Q: A payment of $2,300 is due in 2 years and $3,700 is due in 4 years. These two original payments are…

A: To find:The payment required 3 years for the rescheduled option.First we have to take effective…

Q: 9. What equal uniform annual payment for nine years beginning two years from now would be equivalent…

A:

Q: Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days.…

A: Formula: P=IR×t where P= Principal balance I= Interest R= Rate of interest t= Time (in years)

Q: A payment of $2,600 is due in 2 years and $3,100 is due in 4 years. These two original payments are…

A: A payment of $2600 is due in 2 years and $3,100 is due in 4 years. These two original payments are…

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…