A customer has to pay an amount (principal + interest) of PhP 33,384 as a payment of a personal loan at the end of 5 years and 9 months at 2.74% compounded quarterly. How much is the borrowed amount? NOTE: ROUND-OFF YOUR FINAL ANSWER TO 2 DECIMALS.

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

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A: This question is related to Compound Interest,  we will solve it using given information.

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A: topic - application of geometric progression optiin A 5857.30

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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

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A: As per our guidelines we are only supposed to solve first three parts of multiple questions

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Q: A contractor bought a concrete mixer at P 140,000 if paid in cash. The mixer may also be purchased…

A: Given : Principal = 140000 Time = 5 years Rate per annum = 8%

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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: Find the amount of an annuity that consists of 24 monthly payments of $500 each into an account that…

A: Monthly payment= R= $500 Number of payments = n= 24   Interest = r=i/n= 8%/12 = 0.08/12

Q: What is the monthly payment on a 30 year, $627,000 mortgage, with an interest rate of 4%, compounded…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $361 per month…

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Q: Find the compound amount on a loan of php 85,000 at 6% for 5 years compounded quarterly.

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Q: Find the accumulated amount at the end of 8 months on a $2100 bank deposit paying simple interest at…

A: The solution for the above question is shown below.

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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: Mrs. Vicky Guevarra deposited P18, 500 in a saving account on June 30, 2017 at a rate of 6%…

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Q: a.) How much should Mr. and Mrs. Reyes deposit if they want to have Php 800,000 that will be used…

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

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Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: two

A: This contains two question, only first question is answered. Please refer to the image below

Q: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity at…

A: Given: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity…

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Q: 2. A Php1,000,000-trust fund was set up and to be used by an 8-year old nephew when he goes to…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Find the present value in pesos, of a perpetuity of 15,000 payable semi-annually if money is worth…

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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…

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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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Q: Jill plans to put her money worth PhP 463,349 in a time deposit paying 2.27% compounded monthly for…

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