A debt of P10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual payment over the next 5 years. The first due in 6 months. Determine the semi-annual payment.

Q: A debt of $4,000.00 is to be paid off with 8 equal semi-annual payments. If the interest rate is 15%…

A: Repaying debt in equal instalments is a type of annuity. That is any number of payments of equal…

Q: A debt of RM3,000 will mature in three years’ time. Assuming that the money is worth 14% compounded…

A: Present value = Future value / ( 1 + Periodic interest rate )Number of periods

Q: A debt of 8,800 with interest at 5% payable semi annually will be discharged by payment of 1,200 at…

A: Here, Debt Amount is 8,800 Interest Rate is 5% Compounding period is Semi-Annual Payment Duration is…

Q: At what nominal rate compounded quarterly will payments of P 800 at the beginning of each 3 months…

A: Here, Quarterly Payment is P800 Time Period is 5 years Annuity Type is Annuity Due Borrowed Amount…

Q: A debt of 15,000 with interest at the rate of 15% compounded semiannually is to be amortized by 3…

A: Debt amount now (PV)=15000Interest rate 15%compoundinf semi annuallySo semi annually…

Q: A debt of 15,000 with interest at the rate of 15% compounded semiannually is to be amortized by 3…

A: An amortisation schedule is prepared to present the outstanding debt balance, interest expense and…

Q: A loan of P12, 500 is to be repaid with equal quarterly payments for one year with an interest of 6%…

A: Amortization table is a schedule which shows periodic lease or loan payments. The periodic payment…

Q: A sum of P1,000 is invested now and left for eight years at which time the principal is withdrawn.…

A: We will use the concept of time value of money here. The concept says that money earns interest and…

Q: A debt of $5000 with interest 5% compounded 6-monthly is amortized by equal annual semi payments…

A: Present value annuity @ 2.5% for 6 periods = 5.50813

Q: The annual amount $1,100 is invested in Certificate Deposit (CD) and will be worth of $16,000 in…

A: Compound Interest  The calculation of compound interest is little bit complex than the simple…

Q: A sum of $80,000 is to be repaid over a 10-year period through equal installments made at the end of…

A: Interest, in finance and economics, is payment from a borrower or deposit-taking financial…

Q: Calculate the compound interest for a Php 100,000 investment under the following conditions:…

A: The compound interest is calculated as difference of future value and the principal

Q: P12,000 is borrowed now at 12% interest. The first payment is P4000 and is made 3 years from now.…

A: The interest is the cost of debt levied in order to hold the time value of money and inflation…

Q: Two debt payments, the first for $800 due today and the second for $600 due in nine months with…

A: In order to calculate the final payment, we will make use of focal date.

Q: You borrowed Php 20,000 that is to be paid in 2 years with an interest rate of 5% per annum…

A: Amortization schedule contains periodic payment, opening balance, interest charged and closing…

Q: A debt of 4,400 with interest at 2.5% payable semi annually will be discharged by payment of 600 at…

A: Given information: Debt : 4,400 Interest rate : 2.5% Payments : 600

Q: An obligation of P35, 000 is to be repaid with equal monthly payments for 6 months  with an interest…

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

Q: A debt is amortized for 4 years by a series of payments that decreases annually by P 500, the first…

A: Time period = 4 years First payment of lease = P 5,000 Annual decrease = P500 Interest rate = 5%

Q: A debt of Php 10,000.00 with interest at the rate of 20% compounded semi-annually is to be amortized…

A: Debt = 10,000 Interest Rate = 20% Compounded Semi Annually i.e. 10% per semi annual period Number of…

Q: A debt of RM600 due in three years and RM800 due in four years is to be repaid by a single payment…

A: The figure is shown below for considering the time period:

Q: A debt of P10,000 with yearly interest of 24% is to be amortized over the next 6 years with the…

A: Debt paid in equal annual payment from year 1 to year 6. Amortization table used to display the…

Q: A debt of P40,000, whose interest rate is 15% compounded semiannually, is to be discharged by a…

A: Equally installments means an equal amount is repaid. Equally installment includes the interest…

Q: A debt of P10,000 with 10 % interest compounded semi-annually is to be amortized by semi-annual…

A: Debt amount (PV) = P 10,000 Interest rate = 10% Semi annual interest rate (r) = 10%/2 = 5% Period =…

Q: A debt of P100,000 is to be discharged by ten semi-annual payments, the first to be made 6 months…

A: To approach this question, instead of using any formula, we should make payment table so as to get…

Q: A debt of P10,000 with interest at the rate of 20% compounded semi-annually is to be amortized by 5…

A: Amortization schedule can be defined as the schedule which shows the accumulated interest, remaining…

Q: A loan of P8,000 will be amortized by payments at the end of each quarter for 8 years and 9 months.…

A: 1. Calculate the amount of periodic payments by using the EXCEL PMT formula. Note that there are 35…

Q: A debt of P56,000, with interest at 5% compounded monthly, will be discharged, interest included, by…

A: Debt amount (D) = P 56000 r = 5% per annum = 0.41667% per month Monthly payments (M) = P 500 Let the…

Q: A debt of P43,000 whose interest rate is 14% compounded semi-annually, is to be discharged by a…

A: For the given problem, we need to compute balance of loan remaining after 6 payments and then shall…

Q: 160000 TL loan is being repaid by installments of 2250 TL at the end of each month for as long as…

A: Loan financing refers to the arrangement of a loan repayment system. It involves the repayment of a…

Q: Quarterly payments of P15,000 for 10 years with 2. an interest rate of 8% compounded annually.

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: A debt of P100,000 with interest at the rate of 18% compounded semi-annually is to be amortized by 5…

A: Loan is a value which is borrowed from external sources like a bank and this amount is repaid later…

Q: 0 is to be amortized by equal payments at the end of every quarter for 2 years. If the interest…

A: Debt refers to the desired sum of money borrowed by an individual or an entity through any financial…

Q: A loan of $10,000 is repaid by 20 level installments at the end of every 6 months. The nominal rate…

A: Loan refers to the amount borrowed which creates liability for fund receiver and level installments…

Q: An obligation will be amortized by quarterly payments of P670 for 10 years. If interest is at 6%…

A: Let the obligation = L Quarterly payment = Q = P 670 n = 10 years = 40 quarters r = 6% per annum =…

Q: A debt is amortized for 4 years by a series of payments that decreases annually by ₱ 500, the first…

A: First payment = P 5000 Annual decrease in payment = P 500 Annual interest rate = 5% Period = 4 Years

Q: A P15,000 loan at 12% compounded quarterly is to be amortized every 3 months for 12 years. Find the…

A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?

Q: A debt of RM3,000 will mature in three years’ time. Assuming that the money is worth 14% compounded…

A: Total debt = RM 3,000 Time period = 3 years  Interest rate = 14%

Q: A debt of Php 150,000 is to be amortized by ten semi-annual payments, the first to be made 6 months…

A: Loan Amortization: A simple definition of amortization is the amount of principal and interest that…

Q: Calculate if $10,000 is invested at interest rate of 12% per annum, what is the amount after 3 years…

A: The provided information are: Present value (PV) = $10,000 Interest rate (r) = 12% = 0.12 Number of…

Q: A DEBT OF P10,000.00 WITH 10% INTEREST COMPOUNDED SEMI-ANNUALLY IS TO BE AMORTIZED BY SEMI-ANNUAL…

A: Debt amount (P) = P 10,000 Annual interest rate = 10% Semi annual interest rate (R) = 10%/2 = 5%…

Q: If 2,000 is invested at an interest rate at 8% compounded annually for 3 years, find the compound…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Debts of $1,800 and $3,750 are due in one year and eighteen months from now, respectively.…

A: Amount due in 18 months is $3750 Amount due in one year is $1800 Replancement payment in 9 months is…

Q: A debt is amortized for 4 years by a series of payments that decreases annually by ₱ 500, the first…

A: First payment = P 5000 Annual decrease = P 500 Annual interest rate = 5%

Q: 1. A debt of Php 150,000 is to be amortized by ten semi-annual payments, the first to be made 6…

A: Loan is an amount which is borrowed from external sources like banks and this amount is repaid in…

Q: A debt of $22,000 with interest of 10% compounded quarterly is to be amortized by  payments of…

A: Total installment amount includes the interest expense as well as a portion of the principal amount.…

Q: Find the semi-annual payment of a P15,000 debt to be amorlized by 5 equal payments at the end of…

A: Solution:- Given, Loan amount = PV = P15,000 Number of payments = n = 5  Interest rate = i = 15%/2…

Q: A debt of Php 10,000.00 with interest at the rate of 20% compounded semi-annually is to be amortized…

A: Accrued Interest-  Accrued interest refers to the interest which has not been paid but has already…

Q: A debt of P15,000.00 with an interest at the rate of 16% compounded semi-annually is to be amortized…

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

Q: A debt of 8,800 with interest at 5% payable semi annually will be discharged by payment of 1,200 at…

A: The amortization schedule can be prepared as follows : Periods Beginning amount Payment  Interest…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.