7. If a house is sold for P3,000,000 and the bank requires 20% down payment, find the amount of the mortgage.
Q: 3. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10%…
A:
Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…
A: Formula using here, PV of perpetuity =Amountinterest rate =20004%=$50,000
Q: Bahay ni kuya sold for 3,500,000 pesos and the bank requires 30% down payment, what is the amount of…
A: mortgage = selling price - down payment down payment=selling price (down payment percentage)
Q: 3. In order to purchase a home, a family borrows $70,000 at 12% for 15 years. What is the monthly…
A: In this question, we need to find the monthly payment to amortize the loan.
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A:
Q: The Tomac Swim Club arranged short-term financing of $13,700.00 on July 13 with the Bank of Commerce…
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Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…
A: Simple interest: SI = PRT100 where P = principle R= rate of interest…
Q: If the proceed of a loan of P25,000.00 will be paid with P27,000.00 at the end of 1 year and 3…
A:
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: If a loan is to be repaid in 4 years making semi-monthly payments, how many payments will be made?
A: Given that a loan repaid in 4 years. And making semi-monthly payments. We have to find How many…
Q: 6. Suppose a bakeshop purchased an equipment worth P 100,000 equipment, which was expected to last…
A: Cost of the asset = 100,000 Salvage Value = 8,000 The useful life of the asset = 5 years…
Q: Calculate the present value of a loan that could be cleared by payments of $3,400 at the end of…
A: This is the problem of financial math.
Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?
A:
Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…
A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…
Q: What will be the amount of his monthly amortization? b. Construct an amortization schedule. Use a…
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: 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: minimum
A: The mortgage formula is given by: M=P.r1+rn1+rn-1, where it is given that P=$175,000, r=0.04512 and…
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: A man borrowed P10,000.00 from his friend and agrees to pay at the end of 90 days under 8% simple…
A: # Given: principal amount P=10000 rate of interest r=8% then to find amount to be paid at the end…
Q: Suppose your bank has a minimum interest policy for single-payment loans of $60. Using ordinary…
A:
Q: 2. Mr. Layug had a 43,000-peso business loan that is to be paid in 8 months. If interest rate is 8%…
A: As per the guidelines we can solve 3 parts only
Q: Suppose you want to purchase a $160,00 house. If you put 20% down and finance the rest in a 20 year…
A: # Given: principal amount P=$16000 With 20% down payment Interest rate r=0.04125 per year With 20…
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: What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?
A:
Q: The Tomac Swim Club arranged short-term financing of $15,600.00 on July 19 with the Bank of Commerce…
A:
Q: Determine the amount of the semi-annual coupon for the bond with a face value of 300,000 that pays…
A: Given: Face value, F=300,000 Coupon rate, r=10% The objective is to find the amount of the…
Q: (32) With a $30,000 annual income, what would be the value of the loan contracts demanded if a…
A:
Q: 6. A payday loan company charges a $35 fee for a $550 loan that will be repaid in 17 days. If we…
A: We will follow the below steps to find the annual rate of interest for pay day loans
Q: Suppose that an annuity has a present value of P = 1 million dollars. What interest rate r would…
A:
Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…
A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…
Q: Noreen Leung has agreed to purchase her partner’s share in the business by making payments of $1,100…
A:
Q: 15.) Find the APR to the nearest half-percent on a $3700 loan that is repaid at 7% add-on interest…
A: answer is in next step
Q: When buying on installment, what is the formula for calculating the periodic payments?
A:
Q: What is the present value of a loan when a monthly payment of P3, 250 is needed to extinguish for…
A: To solve the given problem we shall use the following formula…
Q: A prospective car buyer can choose between a fixed and a variable interest rate and can also choose…
A:
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: 4. The buyer of a certain machine may pay either Php 20,000 cash down payment and Php 20,00o…
A:
Q: 11. Mr Alberto expects to have P1 615 200 in his fund at the end of 12 years. How much will he…
A: Let us consider the principal amount be P Then the amount obtained after t years at the interest…
Q: A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the…
A:
Q: Find the present value of an annuity-immediate that lasts five years and pays $3,000 at the end of…
A: To find the present value of annuity - immediate that last five years. To find this, we first…
Q: if we take out $230,000, 15 year mortgage with a rate of 6.6% what are the monrhly payments?
A: Given that, P=$230,0000, t=15 ,r=6.6% and n=12. Use the formula for the monthly payment, Monthly…
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: 1. A loan of P200,000 is to be repaid in full after 3 years. If the interest rate is 8% per annum,…
A: We will answer the first question only as we don't answer multiple questions at a time. Please…
Q: () A loan of P50,000 is made for a period of 20 months, at a Simple interest rate of 20% ,what…
A:
Q: Suppose that an annuity will provide for 20 annual payments of 1540 dollars, with the first payment…
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Q: If a 12-day single payment loan has a periodic interest rate of 11.2%, what is the approximate APR…
A:
Q: A loan of P 50,000 is-to be amortized by paying quarterly in 1 year. If money is worth 10%…
A: Since you have posted multiple questions and we can answer one question. So, answered question…
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