8. A man loans P 187.400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.

Q: A man pays his debt in the following manner: P521 after 1 yr. and decreases P100 every year up to 6…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Suppose you borrowed $80,000 at a rate of 8.5% and must repay it in 5 equal installments at the end…

A: Given data; borrowed amount = $ 80,000 rate of interest = 8.5% number of payments = 5   First we…

Q: 1. Jeremy makes six consecutive annual deposits of P2,000 each to a savings account that pays a…

A: Annual Deposit = 2000 Discount Rate = 10% Semi Annual Compounding N = Number of deposits = 6

Q: 4. Able borrowed 1000 with an interest rate of 10% compounded monthly which he borrowed from…

A: a) Determine the amount payable in 4 months (A) by the compounding amount formula. Where 'P' refers…

Q: Suria hopes to deposit RM3,500 annually in an account that earns 10 percent compounded semiannually…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: ABC Bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at…

A: Note : All the Given Options are incorrect , so we are solving the correct one for you as per the…

Q: Grace borrowed P150,000 payable in 2 years. To repay the loan, she must pay an amount every month…

A: The PMT function is a type of financial function which helps to determine the total monthly payment…

Q: Benjamin borrows $50,000 from a lending institution for building a house. The lending institution…

A: The question is based on the concept of amortization of mortgage loans. A mortgage loan is paid back…

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: 3. Kidoh paid a 12% down payment of P250,000 for a house and lot, and agreed to pay the balance of…

A: Equated monthly instalment is related to payments, and is used to make payments for repaying an…

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

A: When the interest is computed on the principal amount as well as on the amount accumulated in the…

Q: 1. An employee obtained a loan of P 10,000 at the rate of 6% compounded annually in order to build a…

A: Since you have asked multiple questions, we will solve the first question as per policy. Please ask…

Q: mr x takes a loan of 50000 from hdfc bank. the rate of interest is 10% per annum. the first…

A: An annuity is a financial term that depicts a series of equivalent periodic cash flows for a…

Q: ₱50,000.00 loan is payable in 3 years. To repay the loan, the debtor must pay an amount of every 6…

A: Loan amount (PV) = P 50,000 Period = 3 Years Number of semi annual payments (n) = 3*2 = 6 Annual…

Q: 7. An individual deposits an annual bonus into a savings account that pays 6% interest compounded…

A: Interest rate = 6% First deposit = $20000 Annual increase in deposits = $5000 Number of annual…

Q: 2. Angel borrowed 120, 000 from joseph. If Angela agreed to pay an 8% annual interest rate,…

A: Given Information : Amount Borrowed = 120,000 Annual interest rate = 8%

Q: 0% compounded annually and after the last deposit the interest rate changed to 129% per year…

A: In this we have to calculate present value of cash flow from that we can get the required value.

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: 5. Mr. Eden borrows from the bank P600, 000 at 12% pa compounded quarterly, agreeing to pay the loan…

A: First we need to calculate loan amount after 1 year by using compounding interest formula given…

Q: MARIA LOANED AN AMOUNT OF P100,00.00 PAYABLE IN 15 EQUAL QUARTERLY INSTALLMENTS THE FIRST PAYMENT…

A: Loan Amount = P100,000 Time Period = 15 Quarters Interest Rate = 10% compounded bi-monthly

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

A:

Q: Erik borrowed $21,090 for 6.5 years. For the first two and a half years, the interest rate on the…

A: Loan is the value borrowed by one person from another for the purpose of fulfilling the requirements…

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: Hazli borrows an education loan from Usaha Bank for RM24,000. The payments will be made in…

A: Loan amount (PV) = RM24,000 Interest rate (r) = 10% Number of annual payments (n) = 5

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: A man loans P187,400 from a bank with 5% compounded annually. He agrees to pay his obligations by…

A: Loan amount (PV) = P 187,400 Interest rate = 5% First payment period (t) = 10 years Number of annual…

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: 8 Kai has an interest only loan for $105,000.00 maturing in 6 years. The interest rate on the loan…

A: Loan amount principal (FV) = $ 105000 Deposit rate = 6.250% Annual effective  rate (r) =…

Q: 1. A friend borrows an amount of P1,000. In 4 years, the money become P2,500 compounded monthly.…

A: Borrowed amount = P 1000 Future value = P 2500 Period = 4 Years Period in months = 4*12 = 48 Monthly…

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

A: The information given is Loan amount = 600,000 Interest rate = 12% compounded annually N=15…

Q: 1. Rahimah made equal payment of RM2,106.71 every two months for 8 years at 6% interest compounded…

A: Loan amount taken by R can be determined by calculating the present value of the equal payments…

Q: 4. Mr. Torres borrows P 150,000 and agrees to pay it with interest at 16 % compounded quarterly…

A: Loan amount (PV) = P150,000 Interest rate = 16% Quarterly interest rate (r) = 16%/4 = 4% Quarterly…

Q: Mr Reyes borrows P600000 at 12% compounded annually agreeing to repay the loan in 15 equal annual…

A: There are 15 annual payments and the 10th is already paid so the loan outstanding will be the…

Q: Angelo borrowed 58000 from his credit union. He agreed to repay the loan by making equal monthly…

A: using excel pv function

Q: Assume that you borrow 50,000 JPY under the system of 5% yearly compound interest. (1) If you repay…

A: Equal Loan installment is that under which we will pay the equal installment every year which…

Q: A deposit of $3,000 is made in a savings account that pays 7.5% interest compounded annually. How…

A: Compound Interest is calculated by multiplying the initial principal amount by one plus the annual…

Q: Mr. Bean borrowed P600,000 from Maligaya Lending Corp. for 6 years at 12%. At the end of 6 years, it…

A: As per time value of money concept, a sum of amount invested today will have more value in the…

Q: 4. A man paid 10 % as down payment of P200,000.00 for a house and lot and agreed to pay the balance…

A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…

Q: Mr. Reyes borrows P600, 000 at 12% compound the loan in 15 equal annual payments. How muc unpaid…

A: Loans are paid by the periodic payments that are paid equally annually and they carry payment of…

Q: 3. Aljon loans P417,800 from a bank with interest at 15% compounded annually, he agrees to pay his…

A: In the above question we are given loan from bank=417800 Interest rate =15% number of years =10 We…

Q: 3 A bank account pays 5 % annual interest compounded semiannually. How much money should be…

A: Following is the answer to the question

Q: Mr. Aragon loans P200,000 from a bank with interest at 6% compounded annually. He agrees to pay his…

A: Loan amount = P 200,000 Annual interest rate (R) = 6% First payment year = 10th year end Value of…

Q: A banks lends a customer OMR 6,000. At the end of 9 years he repays this amount plus interest. The…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Mr. Rabutan borrowed P150,000. He agrees to pay the principal plus interest by paying an equal…

A: The payment of equal amounts at equal intervals for a definite period at a specific interest rate is…

Q: 9. Eddy obtained a $320,000 loan at 3.8% compounded semi-annually. What monthly payments will repay…

A: given, p = $320,000 r=3.8% ( semi annual compounding) n = 25 years m = 2

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: Bench loaned P10000 in a bank to be paid after 3 years with an interest of 10% compounded semi-…

A: First loan (L1) = P 10000  n = 3 years = 6 semiannual periods r = 10% per annum = 5% semiannually…

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: 5) Bozo owes $4000 due in one year and $8,000 due in six years. Bozo is allowed to pay off both…

A: The amount of payment will be the value of the loan amounts at the end of 4 years.