A company lends its CEO $150,000 for 3 years at a 6% annual interest rate.  Interest payments are to be made twice a year.  Each interest payment will be for: A. 9,000 B. 4,500 C.27,000 D. 13,500

Q: AB PC Supplies obtains a P5M bank loan at 8% interest compounded semi-annually. The company repays…

A: Loan Amount is P5million Interest rate is 8% Compounded semi annually Semi annual Interest rate…

Q: Anna borrows 131000 from a bank for a term of 18 years. The loan is to be repaid by level annual…

A: Loan Amount = 131,000 Interest Rate = 4% Time Period = 18 Years

Q: Ar. Rosales deposits P75,000 at the end of each month in a bank which pays 9% compounded month ho…

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

Q: Debby Robinson borrows $10,000 to be repaid over 10 years with equal annual payments at 9%.…

A: A loan amortization schedule is the schedule of repayment of a loan with a bifurcation of interest…

Q: A company purchases equipment with a $20,000 note payable. The note is to be paid in $5,000 annual…

A: Usually, notes payable is to be treated as a current liability for the organization but as per the…

Q: A company plans to purchase a new piece of equipment in 36 months. If $3105 is deposited into a…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: Forty eight monthly deposits are made into an account paying 6% nominal interest per year compounded…

A: Amount of each deposit = M Number of deposits (n) = 48 r = 6% per annum = 0.5% per month Accumulated…

Q: James's student loan of $28,500 at 3.12% compounded quarterly was amortized over 5 years with…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: An engineer plans to borrow $100,000 to open his own consulting business. He must repay $2,150 a…

A: using financial calculator, N = 5*12 =60 PMT = -2150 PV= 100,000 FV = 0

Q: Dr. Sanchez  borrowed P3, 500, 000 at 8% for 10 years. The loan stipulated that the following…

A: Here, Borrowed Amount is P3,500,000 Interest Rate is 8% Time Period is 10 years Payment from year 1…

Q: Imagine the company that you work for borrows $8,000,000 at 8% interest, and the loan is to be paid…

A: The loan borrowed would be given, with the interest amount. The interest should be paid on the given…

Q: A man owes ₱100,000 with interest at 6% payable semi-annually. What equal payments at the beginning…

A: Periodic payments are equal to the amount paid by the borrower at an equal interval that consists of…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. If…

A: FV of annuity = P * [(1+r)^n-1] / r Where, P = amount of each deposit r = rate of interest per…

Q: A company borrowed at 7.21% compounded annually to purchase equipment, agreeing to make payments of…

A: Time values tell that money received today is of more worth than that of receiving the exact amount…

Q: a customer invests IDR 20 million in the money market and earns 12% compound interest How much money…

A: The addition of interest to the principal sum of a loan or deposit is known as compound interest. It…

Q: A company issues 4% loan notes with a nominal value of $20,000,000. The loan notes are issued at a…

A: Loan Notes: Loan notes or loan stocks are financial instruments that helps the issuer to raise…

Q: An individual borrows ₱150,000 from a bank at 10% annually compounded interest to be repaid in 6…

A: Loan can be amortized by repaying it in equal instalments. Each payment comprises of both interest…

Q: A man obtained a loan from the bank worth P 400,000.00 payable within 4 years from the time the loan…

A: Mortgage payments are the monthly payments of the loan amount borrowed for a certain period of time.…

Q: Parker borrowed $283,000 at 7.5% compounded quarterly to finance the purchase of a pizza franchise.…

A: Given: Borrowed = $283,000 Interest rate = 7.5% Compounding quarterly Years = 10

Q: An employee borrows P50,000 for seven months at an interest rate of 12% per year. Find the interest…

A: Interest: It can be defined as the amount that is charged by the lender on the loan given to the…

Q: A company is buying a new machine for $100,000. Bank credit is used to finance the entire amount at…

A: Loan Amount = $100,000 Interest Rate = 10% Time period = 3 Years

Q: if Jayne company gets a discount loan at a 12 percent interest rate.  They borrow $100,000 for one…

A: Since you have asked multiple questions, we will solve only one( i will be solving the 2nd question…

Q: Mr. J. Dela Cruz borrowed money from a bank and he receives P1,340.00 and promised to pay P1,500 at…

A: Note: The question provided are two separate ones. In the first one, I have calculated both the…

Q: Suntech Distributors, Inc., deposits $5,00 at the beginning of each 3-month period for 6 years in an…

A:

Q: On January 1 of this year, Shannon Company completed the following transactions (assume a 10% annual…

A: Working:  Annual payment (P) = $40,000  Number of years (n) = 10 years  Rate of interest (r) = 10% =…

Q: A small company borrows 60,000 at 6% compounded monthly. The loan is due in 4 year How much interest…

A: The simplest meaning of interest is the amount received for the money lends. The interest can be…

Q: A client is given a loan of principal amount of R50,000 which accrues interest of 10% per annum,…

A: A loan is a financial arrangement in which the borrower get a lump sum amount and paid it in future…

Q: ousiness takes out a loan of $500 000 from a bank and agrees to repay th ing a fixed amount of $60…

A: Loans are paid by the annual equal payments that carry the payment of interest and payment for the…

Q: Jack has borrowed $1,000,000 from MQ Bank for 10 years at an interest rate of j2=3.53%. He will make…

A: Given: Borrowed Amount = $1,000,000 Repayments at the start of the year : Year 1 = $83,000 Year 2 =…

Q: Suppose an investor plans to make monthly deposits into an account that pays 9% interest, compounded…

A: Here we will use the formula to calculate the amount to be paid monthly. We will take the period as…

Q: A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years.…

A: Loan amount = P 10000 Interest rate = 12% Annual payment = P 2000 Number of annual payments = 4

Q: An amount of $15,000 is borrowed from the bank at an annual interest rate of 12%. Solve, a.…

A: Annuity Factor = [1-(1 + Interest Rate)-No. of periodsInterest  Rate…

Q: A man paid 10% down payment of P1,500,000 for a house and lot this month of January. The rate of…

A: Here, Interest Rate is 15% Compounding Period (C) is Semi- Annual i.e 2 Payment Period (K) is…

Q: A $14,000 loan at 6% compounded monthly is repaid by monthly payments over four What is the size of…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: months. What is t

A: The outstanding principle after the 10th payment can be calculated as follows :

Q: On January 1 of this year, Shannon Company completed the following transactions (assume a 10% annual…

A: Present Value = Future Value1+in   Present Value Factor @ 10% Year Present Value Factor @10% 1…

Q: Under a new company employees savings plan, an employee will pay P 250 at the beginning of each…

A: Interest is the sum of money that accumulates as a percentage of the principal amount over a certain…

Q: Beginning in January, a person plans to deposit $10 at the end of each month into an account earning…

A: Future value of annuity is a stream of regular , fixed interval cashflow compounded at specified…

Q: An employee obtained a loan of P11,000 at the rate of 7% compounded annually in order to build a…

A: An amortisation schedule contains opening balance, payment , interest charged and closing…

Q: A man owes Php 15,000 with interest at 8% payable semi-annually. Equal payments at the beginning of…

A: Firstly we shall calculate the Semiannual payment using Excel's =PMT formula Then we shall prepare…

Q: PLM-CET decided to give incentives to each of its faculty members and personnel P25,000 at the end…

A: Present value is the concept that states an amount of money today is worth more than that same…

Q: Go Debt Bank Limited quotes a 9 percent interest rate on loans for 1 year. You are seeking a loan of…

A: Annual effective rate is the effective rate of interest at which cash flows are converted into an…

Q: Cameron's student loan of $28,000 at 3.72% compounded quarterly was amortized over 5 years with…

A: We can find the remaining balance on a loan either by creating an amortization table or using a…

Q: A university is giving loans of $200,000 to its staff for a period of 5 years at 13.5% annual…

A: 1. given, Loan amount = $200,000 no of period = 5 years APR = 13.5% PMT FORMULA: PMT =…

Q: A mechanical contractor has four employees whose combined salaries through the end of this year are…

A: In simple terms present value concept in accounting indicates the current worth of certain amount of…

Q: 1. a. In a savings account 3% annual interest rate compounded monthy, P 1,000 is deposited at the…

A: Note: It is a case where the number of questions asked is more than one and no specified question is…

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: Elikplim Atayo took a loan facility of ¢1,000,000 from Amegbletor Bank ltd. He agreed to repay the…

A: If a loan is taken, then the repayment should be made after some time period. The payment method…