​a) How much did the woman pay for the use of the​ money? ​b) Determine the amount she repaid to the bank on the due date of the note.

Q: Gregorio bought a car with funds borrowed from a commercial bank. He intends to repay the note with…

A: Par value (FV) = P750,000 Discount rate (r) = 12% Period (d) = 270 days

Q: Chi Tang, a businessperson from Taiwan, deposits 25,000 yuan in a mutual fund with bonds managed by…

A: Compounded semiannually means compounding is twice a year. So, number of periods is doubled and…

Q: 1. Hernandez decided to borrow $85,000 for 10 months. She found that banks would lend to her only if…

A: 1) Loan from Bank one Borrow Amount = $85,000 Interest 10% Simple discount Time = 10 months Interest…

Q: 1.Miss Esther Grey borrowed P70,000.00 at 16.8% simple interest. How much will she pay at the end of…

A: "Hi, Thanks for the Question. Since you asked multiple questions, we will answer first three…

Q: 4. A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount…

A: Discounted loans are where the interest and other charges are charged on the face value and deducted…

Q: A man borrowed RM1200 for 5 months and was charged 9% simple interest.  How much interest did he…

A: The amount of interest earned can be calculated with the help of simple interest function

Q: Gabrielle Patterson deposited $3,600 in a new savings account. She made no other deposits or…

A: Interest is calculated in two ways compound interest and simple interest.

Q: Stacy took out a loan for $15,000. Her note was for 300 days at 5% ordinary interest. On day 100 she…

A: The formula for calculating simple interest Simple Interest(I) = P*r*t Where, I = Interest Amount P…

Q: Determine the interest charged for the cash advance. ​b) When he repaid the​ loan, how much did he…

A: Interest Rate: It is the rate charged on the loan amount for giving the loan to the borrower.…

Q: 2. Janica received a loan from her bank for Php 4,085 for a period of one year. The interest rate is…

A: Interest on Loan: The expense of borrowing money is represented by interest. When loan disbursements…

Q: "Ten years ago, when Nigel was still a college student, he deposited 10,000 in a bank. The bank's…

A: Deposit amount (P) = 10,000 Period = 10 Years Quarterly period (n) = 10*4 = 40 Interest rate = 2%…

Q: Dan invested Php 25,000 in a time deposit account that earns 1.25% simple interest rate for 30 days.…

A: In finance interest can be simple interest or compound interest. Simple interest is that interest…

Q: The Filipino helper of Kim Tae Hyung bought a 23.2 cubic feet smart refrigerator for 198,095Php. She…

A: Credit amount (C) = Php 198095 - Php 50000 = Php 148095 r = 8% per annum = 0.667% per month n = 3…

Q: Engr. De Robles borrowed Php 10,000 from a bank and promised to pay the amount for 1 year. But he…

A: Loan Amount is Php 10,000 Time period is 1 year. Advance interest payment is Php 400 Total amoun…

Q: How much must Queenie deposit in the bank that pays 10% compounded monthly, so she will have…

A: Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv], [type])…

Q: Michael is planning to apply for a loan in Quezon Cooperative Bank, he is already aware of the terms…

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

Q: 3. Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay…

A: Simple interest is calculated using only the principal balance of the loan. Generally, simple…

Q: Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past…

A: Interest charges are the amount of cost and charges paid for the amount borrowed either for personal…

Q: (Kindly identify if it is under simple interest or compound interest before answering) 1. Ivan…

A: 1. This is the case of simple interest. This is so because the compounding periods of the interest…

Q: How much is the amount of his investment after 3 years?

A: Future Worth: It is the future value of the present sum of money compounded at an interest rate.…

Q: E. On May 30, 2012 a lady manufacturing engineer loaned $ 15,000 in the bank for the expansion of…

A: Simple interest: Simple interest is the interest payable on a certain amount based on the…

Q: On March 1, 1996 Mr. Almagro obtains a loan of P1500 from Mr. Abella and signs a note promising to…

A: In this we have to calculate discount value of both notes and find the proceeds from the notes.

Q: Sidney took a $300 cash advance by using checks linked to her credit card account. The bank charges…

A: Here I am giving answer for the first 3subparts only.

Q: 2. C savings deposit of P7,000 earns a simple interest of 5%. How much is the interest for 9 months?…

A: Deposit amount = P 7,000 Interest rate = 5% Period = 9 Months

Q: types of accounts are available

A: Checking Account: Checking accounts are opened with the financial institutions and they provide max…

Q: John Mojico invested her USD 20,000 in a BPI Time Deposit Account earning 2.8% simple interest for 2…

A: Simple interest is referred as the quick as well as easy method for the calculation of the interest…

Q: How much money is requested from the bank if the simple interest rate is 12. 987%?

A: Simple interest method is a method of computing interest on borrowed amount where interest is…

Q: As Kate borrowed an amount of 15,000 Php from a lending company that charges a simple interest rate…

A: Borrowed amount = 15000 Php Simple interest rate = 11%

Q: Kimmy took a loan of RM30,000 from a bank. The loan was settled in 72 monthly payments. The bank…

A: An annuity is a series of equivalent periodic cash flows for a specific time duration. The term…

Q: Jo borrowed $3,800 for 4 months from a bank. The bank discounted the loan at 5.5%. a. How much…

A: Amount received will be after reducing interest

Q: Mr. Lee deposited a large amount of money in his first bank account. Annual withdrawals of 30,000…

A: Given Information: Withdrawals made Year 1 to Year 7th - 30,000 pesos Year 10th - 5,000 pesos Year…

Q: Miss W deposited Php 5,000 in the bank last May 2019. In May 2020, she was notified that her money…

A: Future value is the future worth of the cash flow at a certain rate of interest and time period.…

Q: Mr. Tan call his resident wife and deposited P100,000 to their joint account and the P100,000 is to…

A: NOTE : As per BARTLEBY guidelines, when multiple sub parts of question are given then first three…

Q: 9. Liam borrowed $12,500 for 5 months from a bank using a 2% discount note. a) How much interest did…

A: Loan Amount = $12,500 Time period = 5 months  Discount rate = 2%

Q: A man borrows money from a bank but he only received 83% of the amount requested. He signs a…

A: Simple interest rate is computed on the principal portion of the amount borrowed. Unlike compound…

Q: Suzanne opens an account at a local bank on January 1, 2004 with a deposit of 3490 dollars. On…

A: Let Jan 2004 = Period 0 Deposit 1 (D1) = $3490 on period 0 Withdrawal 1 (W1) = $1680 after 3rd…

Q: 5. On June 1, Bertha Hammond deposited $545 in a savings account at Metro Sav- ings and Loan…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: Emily invested his savings of $1,625 in a savings account that was earning simple interest at 4.26%…

A: Effective rate is a rate at which interest is received actually and nominal rate is rate which is…

Q: 4. Saltanat borrowed money at 18% discount, after 2 months she returned 20000 soms. Find effective…

A: Here, Discount Rate is 18% Amount returned in 2 Months Amount returned is 20,000 soms Bank Charges…

Q: Sidney took a cash advance of $200 by using checks linked to her credit card account. The bank…

A: (a) Cash advance fee = Cash advance x cash advance fee             = $200 x 2%             = $4…

Q: Crystal deposited $16,000 in a new savings account at 7% interest compounded semiannually. At the…

A: Future value is worth of an account at future date where amount gets added with interest with the…

Q: Mr. Santos started to deposit Php 3,500 monthly in his online bank that pays 5% compounded quarterly…

A: Interest rate = 5% quarterly compounded We need to find the monthly interest rate as the deposits…

Q: A man borrowed Php 6,000 from a bank and agreed to pay the loan at the end of 10 months. The bank…

A: An interest rate is the percentage of a loaned value that a lender owes the borrower as interest,…

Q: Susan deposits $2000 into a bank account that pays interest at the following rates: • an effective…

A: Present Value  $ 2,000.00 Effective rate of interest  4.00% Effective rate of interest 2.50%…

Q: Ten years ago, when Franco was still a college student, he deposited 10,000 in a bank. The bank's…

A: Amount deposited 10 years ago (X) = 10000 r = 2% per annum = 0.5% per quarter n = 10 years = 40…

Q: s money hc holdingr

A: She will withdraw 4 x 100 = $ 400

Q: Please help me answer the following time value of money question. Edison borrowed $10,000 from the…

A: we use rate function in excel to find the interest rate charged over the period of the loan

Q: Betty Thomas borrowed $6500 onher Visa card to install a hot tub with landscaping around it. The…

A: Loan Amount = $6,500 Interest Rate = 1.6%

Q: Rahma borrowed OMR 600 at the rate of 12% from Bank Dhofar for 6 years. Find the interest she will…

A: Interest expense is usually a non-operating expense which an entity has to pay on loans, bonds etc.