Q: How much is the amount in the sinking fund after 3rd payment?
A: A sinking fund can be referred to as a type of fund specially created to pay off the debts.…
Q: A firm is scheduled to receive payment of $32,000 in 1 year. What is the present value of this…
A: To calculate the present value of payment that will receive after 1 year we will use the below…
Q: A firm is scheduled to receive payment of $32,000 in 2 years. What is the present value of this…
A: To calculate the present value we will use the below formula Present value = FV/[1+(r/m)]n*m Where…
Q: A house costs $141,000. It is to be paid off in exactly ten years, with monthly payments of…
A: An amount of annual percentage which is charged from borrowers of the loan and paid to the…
Q: rs (60 months), and the nominal rate of interest will be 12 p st paid monthly. What would be the…
A: In this we need to calculate the present value factor monthly from that we can get monthly payment.
Q: If P16,000 earns P480 in 9 months, what is the annual rate of interest? *
A: Interest rate for 9 months =( interest amount for 9 months/investment) ×100
Q: What is the present value of a perpetuity of 15,000 pesos payable every end of 3 months if money is…
A: Quarterly payment (P) = P 15,000 Interest rate = 8% Quarterly interest rate (r) = [1+(0.08/12)]3-1…
Q: How much will Kingston Technologies have to pay each year in 7 equal payments, starting 2 years from…
A: No. of equal installments = 7 Loan amount = $900,000 Interest = 14% per annum Annuity calculation is…
Q: A P15,000 loan at 6% compounded semi- annually is to be amortized in 6 months. Find the monthly…
A: monthly rate = (1 + 6%/12)1/6 -1 = 0.49386% N = 6 FV = 0 PV = 15,000 use PMT function in Excel…
Q: A five year $10 000 loan requires $2770 annual payments. What is the interest rate
A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…
Q: A loan is being handed out in multiple increasing semi-annual releases. The first release is P50,000…
A: The loan is a borrowed fund that is repaid after a fixed period of time with a certain rate of…
Q: Engr. Odon is paying a loan five thousand pesos 4% quarterly for 3 years. If the payment is to start…
A: present value of annuity: pva=A×1-11+rmm×nrm where, A=annuity r=rate of interest m=frequency of…
Q: Php 15,000 is deposited every month for 2 years 8 months at 13% compounded monthly, what is the…
A: Annuity refers to the equal amount of payments/deposits made at equal time intervals for a definite…
Q: How much will Kingston Technologies have to pay each year in 9 equal payments, starting 2 years from…
A: Here, Loan Amount is $900,000 Interest Rate is 13% Loan Start Date is two year from now Loan Period…
Q: With interest at 4% compounded quarterly, how much will be required 8 years hence to repay a Php…
A: Payment required to be made after 8 years is calculated as future value of loan amount
Q: A company wants to have $40,000 at the beginning of each 6-month period for the next 4.5 years. If…
A: The given problem is on Annuity due Annuity due is an annuity whose payment is due immediately at…
Q: A loan of P30,000 was made with a rate of 15% annually. How many years will he pay an amount of P…
A: Loan amount is P30,000 Rate"r" is 15% Annually Total Interest paid is P6,000 Future Value is…
Q: A loan of Php 50,000 due 5 years from now and Php 50,000 due 10 years from now is to be repaid by a…
A: Given information : Amount due in 5 years = Php 50,000 Amount due in 10 years = Php 50,000 Repayment…
Q: What would be r in this problem? A P100,000 loan is to be paid monthly for 2 years with an interest…
A: Interest rate = 10% per annum semiannually compounded Compounding frequency = 2 Let the monthly…
Q: A loan of P300,000 is to be repaid in full after 2years. If the interest rate is 9% per annum. How…
A: given, P= p300,000 r=9% m=12 n=2
Q: A firm is scheduled to receive payment of $32,000 in 2 years. What is the present value of this…
A: Present value of future cash flow can be calculated as follows: = Future Value/ (1 + rate)^number of…
Q: What is the annual rate of interest if P265 is earned in four months on an investment of P15, 000?
A: Interest amount = P 265 Period = 4 Months = 4/12 = 1/3 Years Investment = P 15000
Q: You get a twenty-year amortized loan of Php100,000 with a 5% annual interest rate. What are the…
A: Whenever a borrower acquires funds from a lender, he makes a promise to repay back the principal…
Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…
A: Answer - Formula for Future Value - FV=PV(1+i)n, Where, PV = Present Value i= Interest Rate n =…
Q: $25,000 is borrowed at an annual compound rate of 8%. The loan is repaid with 5 annual payments,…
A: P= $25,000 Rate= 8% compounded annually Time= 5 year (annual payments)
Q: What is the interest earned on the principle of RM18,000 at the rate of 12% for 1 year and 4 months…
A: Principal amount (P) = RM 18,000 Interest rate = 12% Monthly interest rate (r) = 12%/12 = 1% Period…
Q: A loan of RM1000 will become RM1100 in a month.What is the interest rate charged?
A: We know that FV = PV*(1+r)^n here FV = 1100; PV = 1000 and n = 1/12 (in years: as 1 year has 12…
Q: A one million peso loan is to be paid annually at an interest rate of 8.00% pa compounded monthly.…
A: Loan amount (L) = P 1 million Interest rate = 8% compounded monthly. We need to find the annual rate…
Q: If P10,000.00 is deposited each year for 9 years, how much annuity can a person get annually from…
A: First we need to calculate future value of annuity for 9 years by using this equation FV of annuity…
Q: A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is 4%…
A: loan amount is 1,200,000 pesos Time period is 5 years Interest rate is 4% per annum To Find:…
Q: A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: riod, if a loan of Php 50,000 is made for a riod of 16 months at a rate of 7.5%?
A: The amount due at the end of period will be amount of loan and accrued interest on that. That would…
Q: If money is borrowed today with an amount of P50,000.00 and subjected to a 9% compounded quarterly…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: A loan of Php20,000 is expected to yield a compound amount of Php45,000 at a nominal rate of 9%.…
A: Loan amount (PV) = Php 20,000 Future value (FV) = Php 45000 Interest rate = 9% Semi annual interest…
Q: A $67,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly…
A: Payment per period can be calculated using PMT function in excel. PMT(rate, nper, pv, [fv],…
Q: A series of 10 annual payments of Php 200, 000.00 is equivalent to two equal payments, one at the…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: A loan of $28,000.00, made 6 months ago, will be repaid by 3 equal payments – one today, one in 11…
A:
Q: hat is the monthly payment of a loan of 140000 with a fixed rate of 6.5 Apr for 15 years what…
A: Using the PMT function in excel
Q: A $2,000 furniture can be financed by paying $50 per month for 4 years. What is the annual nominal…
A: Nominal Interest Rate:It is the rate of interest which calculates before taking inflation. It…
Q: A loan is to be paid by an amount of Php 75,000 at the end of 5 years and 6 months. Calculate the…
A: Solution: Amount of repayment = P75,000 Period = 5.5 years Interest rate = 6% compounded…
Q: Monthly payments of P800 each are used to settle a loan for 8 months at 8% compounded monthly, Find…
A: Monthly payment (M) = P 800 Number of payments (n) = 8 r = 8% per annum = 0.667% per month
Q: Find the size of monthly payment for 2 years on P85,000 if money is worth 12% compounded monthly and…
A: N = 2 years or 24 months Loan = 85000 Nominal Rate = 12% Compounded Monthly Number of compounding…
Q: A cash loan is to be repaid by paying P13,500 quarterly for 3 years starting at the end of 4 years.…
A: This problem is related to deferred annuity where annuities are deferred. hence there are no payment…
Q: How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the…
A: Given Information : Amount of loan = P 18,000 Period of loan = 1 year 6 months = 1.5 years Discount…
Q: A loan of $8000 will be discharged by a cash payment of $3200 now; $1800 at the end of 4 years; $600…
A: Present Value refers to the value of cash flows today which is to be received at some future time…
Q: A loan of P3,000 is repaid by a payment of P3,500 made 24 months later. What is the annual…
A: Loans payment carry the payment of principal amount and also payment of principal amount also.
Q: A house costs $148,000. It is to be paid off in exactly ten years, with monthly payments of…
A: Following details are given in the question: Cost of House (Present Value) = $148000 Monthly payment…
Q: Php100,000 is left in the bank for 20 years. At time 20, regular withdrawals annually will be done…
A: We will use the concept of time value of money here. As per the concept of time value of money the…
A loan of ₱20,000 will be paid semiannually for 4 years. What is the amount of each payment if interest rate is 16% converted semiannually?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?A business loan of PhP 650,000 is to be settled by paying PhP 29,994.20 monthly in 2 years. If the interest rate is 10% converted monthly, how much is the outstanding balance after 6 payments?
- A loan of P30,000 is to be repaid monthly for 5 years that will start at the end of 4 years. If interest rate is 12% converted monthly, how much is the monthly payment?. You get a 25-year loan of Php150,000 with a 8% annual interest rate. What are the annual payments? Php14,052 Php 2,052 Php13,965 D. Php13,427A cash loan is to be reapid by paying 13,500 php quarterly for 3 years starting the ened of 4 years. If interest rate is 12%convertible quarterly , how much is the cash loan?
- How much interest is payable each year on a loan of P2,000 if the interest rate is 10% simple interest per year when half of the loan principal will be repaid as a lump sum at the end of 3 years and the other half will be repaid in one lump-sum amount at the end of 6 years? How much interest will be paid over the 6-year period?A consumer loan of P80,000 is obtained that is due 3 months from now. If interest rate is 8% compounded quarterly, how much should be paid?A piece of machinery can be bought for P10,000 cash or for P2,000 down and 20,000 at the end of 15 years. What is the annual (compound) interest rate for the time payments?
- A loan of 10,000 is to be repaid during 5 years with equal monthly payments of p. The interest rate for the first year is 2%, while the interest rate for the remaining 4 years is 9%. What is p?RM20,000 credit card load held at a monthly compound interest rate of 20% would accrue a total compound interest of how much over the course of a year, and for each month? show workingA loan of P30,000 was made with a rate of 15% annually. How many years will he pay an amount of P 6,000 interest in return?
