A buisness loan of Php 650,000.00 is to be settled by paying Php 29,994.20 in 2 If the interest rate is 10% converted monthly, how much is the years. outstanding balance after 6 payments?

Q: Find the amount and the compound interest on Php 80,000 for 3 years at 10% per annum, compounded…

A: Given, Prinicpal amount = Php 80,000   Time = 3 years Rate of interest = 10% per annum.

Q: Leo Jeriel borrowed Php 3,785 from a friend and promised to repay him in 9 months plus 12% interest.…

A: We want to find simple interest

Q: What amount of money will be required to pay back a loan of Php 78,400.00 at 12% compounded…

A: The amount is given by the formula A=P1+rnnt where n is the number of times interest is compounded,…

Q: Find the maturity value and interest if Jacob invested his money Php 150,000 at 6% compounded…

A:

Q: Find the amount of an annuity that consists of ten annual payments of $1000 each into an account…

A: Given: Annual payment = R = $1000 Interest rate = i = 6% = 0.06 Number of annual payment = n =10

Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…

A:

Q: Racho Labs Inc. obtains a loan of 1,500,000 php, with 8% interest rate compounded quarterly, for the…

A:

Q: What is the APR of a payday loan for $1825 due in 18 days that charges a $135 fee?

A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

Q: Your house was struck by a strong typhoon a year ago, and you don't have enough funds for repair.…

A:

Q: Find the amount of an annuity that consists of 40 annual payments of $2000 each into an account that…

A:

Q: What is the total payment required to pay off a promissory note issued for $600.00 at 10% ordinary…

A:

Q: a) Nizam borrowed some amount of money from Barjaya Bank to purchase a new car. He has to repay…

A:

Q: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

Q: Find the difference between the simple interest and the compound interest on Php 50,000 for 5 years…

A: Consider the given Php as 50,000

Q: the monthly payments necessary on a 5 year loan of $40,000 at 4.75%

A:

Q: Determine the total accumulated interest of money worth Php100,000.00 borrowed from January 27,…

A: We have to find the total accumulated interest of money.

Q: To nay for her tuition fees, Lyra borrows 10,000 Php from a lending company at a simple interest…

A:

Q: Mr. Remo is considering to pay his outstanding balance after 6 years of payment. The original amount…

A:

Q: Given a principal of Php. 100,000 payable for 2 years at 3% compounded quarterly. What is the…

A: Consider the given principal of Php is 100,000.

Q: A newly-formed business bought a property worth PHP14.5M. It deposited a down payment of PHP3M with…

A: Given: Cost = 14.5M Replacement = 3M n = 4*10 =40 rate= 12%

Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

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

Q: Find the future value of Php 2,000 after one year at 3% interest rate compound a. quarterly b.…

A: We can find the answers as below.

Q: A car loan with a face value of Php1,300,000.00 has to be purchasedwith a downpayment so that a…

A: Given that Face value of car is Php 1300000.00 Monthly payment is Php 1500.00 Time t=5 years=60…

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: Find the interest earned on an investment of Php 10,000 into a money market account that pays a…

A:

Q: How much is the interest that will be paid on a P25,000 loan that was made on May 1, 2002 and repaid…

A: Given : P=25000 r=8% n=calculated below

Q: How much is the amount of an ordinary annuity of which yearly payment of php25,000.00 for 20 years…

A:

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: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

A:

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given: Simple interest I=30000 Time (years) t=5 Principal Value P=15000 We have to find Simple…

Q: What is the simple interest due on a 120-day loan of Php7000 if the annual interest rate is 5.25%?

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Q: What is the present value of an ordinary annuity of 700 php every 6 months for 4 years at 6%…

A: Given query is to find present lo value of the equity.

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: how much will amortize a product with a down payment of 3,000 Php for a monthly payment payable for…

A: Given Price = 21,000 and 15% discount  time = 2 years

Q: Find the amount of an annuity that consists of 20 annual payments of $5000 each into an account that…

A:

Q: A loan of 50,000 Php is to be paid in 3 years at the amount of 65,000 Php. What is the simple…

A: 15000 Php

Q: What is the present value of an annuity that consists of 25 annual payments of $1200 at an interest…

A:

Q: Find the accumulated amount at the end of 9 months on a $2400 bank deposit paying simple interest at…

A: Formula used for simple interest:

Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

A: As per Bartleby's answering policy, we can answer only one question with a maximum of three subparts…

Q: What amount should be paid on January 13, 2016 for a loan of P16,000 made on July 7, 2015 at 8%…

A: Loan is taken on 7th July, 2015 and and needed to be paid on 13th January. So, total number of days…

Q: A cellular phone may be purchased at 1,500 php payable monthly for 18 months. The first payment is…

A: Calculate the rate of interest at which the installment is paid. r=12100×18=0.0067%

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: Joanna Mae inherited Php 25,000 on the day she became 19 years old. Under the specifications of the…

A: Joanna Mae got Php 25000 when she turned 19. We need to determine the money she will have on 21st…

Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: A customer has to pay an amount (principal + interest) of PhP 33,384 as a payment of a personal loan…

A:

Q: A loan of PhP 75,000 with level payments to be made at the end of every month for 24 months with…

A:

Q: A man borrows Php 100,000 from the Social Security System for a term of one year. The interest…

A: Bank Discount  =100000×15100=15000