A cellular phone may be purchased at 1,500 php payable monthly for 18 months. The first payment is due after 3 months. How much is the cellular phone if the interest rate is 12% convertible monthly?

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: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: This question is based on simple interest formula.

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

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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…

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Q: A loan of ​$2520 can be repaid in 210 days by paying the principal sum borrowed plus ​$70 interest.…

A: To find the rate of interest charged.

Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: Ana borrows Php 20,000.00 from her uncle and agrees to pay him Php 22,000.00 in 15 months. What…

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Q: A payday loan company charges a $60 fee for a $650 payday loan that will be repaid in 19 days.…

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Q: The annual interest rate on credit card is 24.99%. How long will it take to pay off an unpaid…

A: According to the guidelines I am answering only first question.

Q: Jamerra receive plans on paying the end of 2 yea $450 in interest interest rate on

A: GIVEN  principal P=$ 3000 time t=2 years interest I=$ 450

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

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Q: If money is worth 9% compounded annually, find (a) the present value of Php 24,000 due in 8 years…

A: Given that: Money worth 9% compounded annually. Future amount : Php 24000 Time : 8 years

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

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

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Q: A ripped motorcycle can be purchase for P10,000 cash or an installment basis with P2000 down payment…

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

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Q: a loan is to be repaid for 9 years that will start at the end of 5 years. if the interest rate is 5%…

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Q: If Php 5, 000 borrowed at an annual simple interest rate at 15% has to be repaid in 12 months, find…

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Q: Find the amount due if $600 is borrowed for 9 months at 8% simple interest. Amount = $ %3D

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Q: An annuity will make a payment every two months, starting two months from now. If the yield rate is…

A: To find the price of annuity when given that the payment is made every two months, interest rate is,…

Q: How many interest payments are made in 14 years and 6 months if interest is paid quarterly?

A: Quarter in a year means 1/4 of a year. Since there are twelve months in a year therefore  quarterly…

Q: My friend is charging 3.69% per month me on loan. a

A: Given interest is 3.69% per month For annual nominal rate we use formula n(1+r)1n-1 Where r is the…

Q: Sofia obtained a house of 25-year mortgage for Php2,150,000. If his monthly payment is Php 15,500,…

A: Given that: Sofia obtained a house of 25-year mortgage for Php2,150,000. His monthly payment is Php…

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

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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: if $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate

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Q: A buisness loan of Php 650,000.00 is to be settled by paying Php 29,994.20 in 2 If the interest rate…

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Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

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Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

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Q: If $5,700 is loaned for 16 months at a 12% annual rate, how much interest is earned?

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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: Find the balance in an accou interest rate of 3.8% per yea

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Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

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Q: A bank lends $9000 at 7% simple interest. At the end of 1 year, how much interest is owed on the…

A: Given that, P = $9000 r = 7% n = 1 year By formula, Simple Interest = Pnr100

Q: A man is required to pay P57,500 at the end of 15 days and for P60,000 at the end of 60 days.…

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Q: The loan of $ 700 is expected to be paid in one year as a total of $ 749. What is the annual…

A: Solution

Q: How many interest payments are made in 7 years and 6 months if interest is paid quarterly?

A: As we know a quarter is defined as 1/4th of any quantity  And in case of interest payments we define…

Q: What principal will yield an interest of Php 262.50 for 6 months at 14% interest?

A: The given problem is to find the principal amount at which interest is Php 262.50 for six months at…

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: 1. At 10% interest rate, how much should you invest today to be able to withdraw Php10,000.00…

A: Given Future value=10000 Yearly invest rate (r) =10%=0.10 Total number of years (n) =10

Q: Maria invested php 175,000 in a savings account that pays 0.3% simple interest annually. Assuming…

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Q: () A loan of P50,000 is made for a period of 20 months, at a Simple interest rate of 20% ,what…

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Q: The maturity value of a 50-day loan of $530 is $540. What is the annual simple interest rate (in…

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Q: Now, a vendor borrowed money to be paid in 10 equal payments for 6 quarters. If the interest rate is…

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