A man agrees to make equal payments at the beginning of each 3 months for 10 years to discharge a debt of P8,000.00 due now. If money is worth 8% compounded quarterly, find the quarterly payments.

Q: Two payments of $9,000 and $5,300 are due in 1 year and 2 years, respectively. Calculate the two…

A: Payment due in Year 1 is $9,000 Payment due in year 2 is $5,300 Interest rate is 9% Compounded…

Q: A person lends ₱2,000 for five years at 10% per annum simple interest; then the  entire proceeds are…

A: Simple and Compound are two different ways by which interest cost on loan and return on investments…

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: to settle a debt of 40000, Mrs santiago will pay quarterly for 7 years at 14% compounded quarterly.…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: A contract can be fullfilled by making an immediate payment of $5564, or equal payments at the end…

A: Installment is the amount of periodic payments the lender has to make to the lender in order to pay…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The size of the payment can be computed by using the PMT formula of excel. The values require for…

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: Suria hopes to deposit RM3,500 annually in an account that earns 10 percent compounded semiannually…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Assume you borrow $ 60,000 at 12% per year interest and you agree to repay the loan at 11 equal…

A: Loan is an agreement between lender and borrower where lender gives lump-sum money to borrower in…

Q: Andy borrowed P20,000 with interest at 4% compounded quarterly. He agreed to pay P1,500 at the end…

A: Given: Loan =P20,000 Interest rate = 4% compounded quarterly So, quarterly rate = 0.04/4 =1%…

Q: Two payments of $18,000 and $3,700 are due in 1 year and 2 years, respectively. Calculate the two…

A: Compound interest is a type of the interest which is charged on the loan. Compound interest is…

Q: You borrow $5000 at 10% per year and will pay off the loan in 3 equal annual payments starting one…

A: Calculation of Payment at the end of Year 2:The interest payment is $348.94 and principal payment is…

Q: Richard borrowed P50,000 as a loan, with an interest of 6% per year, compounded quarterly payable in…

A: Present value of annuity concept is used to calculate quarterly payments.

Q: 3. Kidoh paid a 12% down payment of P250,000 for a house and lot, and agreed to pay the balance of…

A: Equated monthly instalment is related to payments, and is used to make payments for repaying an…

Q: Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal annual…

A: When the interest is computed on the principal amount as well as on the amount accumulated in the…

Q: • You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment…

A: Future value = Annuity * FVAF ( rate, years ) * FVIF ( rate, years )

Q: Find the annual deposit

A: Compound interest is the interest on interest. Under this method the interest is calculated by…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: mr x takes a loan of 50000 from hdfc bank. the rate of interest is 10% per annum. the first…

A: An annuity is a financial term that depicts a series of equivalent periodic cash flows for a…

Q: a series of 12 annual payments of $2400 is equivalent to three equal payments, one each at the end…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments…

A: Future value: It can be defined as the value of an investment or any asset at a specified future…

Q: How much of the original principal is still unpaid after he has made the 8th payment?

A: Get the annuity first using P = 600000,i =12%= 0.12 , n = 15 P= A*(1-(1+i)^-n)/i…

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: You own Php35,000 from the bank for 3 years at 8.50% annual interest, and you will make equal…

A: Loan amount (P) = Php35,000 Monthly loan term (t) = 36 (i.e. 3 years * 12) Monthly interest rate (r)…

Q: In buying a farm worth P 300,000, the purchaser agrees to pay a down payment of P 80,000 and a…

A: Data given: Cost= P 300,000 Down payment= P 80,000 Second payment at the end of 2 years= P 60,000…

Q: Akbar has borrowed $48,000 today and agreed to repay it in 5 years with monthly payments at the…

A: Given information: Amount borrowed is $48,000 Interest rate is 2.60% Number of years is 5 years

Q: Two payments of $14,000 and $3,400 are due in 1 year and 2 years, respectively. Calculate the two…

A: To replace the payments of different periods, we will first compute the NPV of payments to be…

Q: Two payments of $18,000 and $2,200 are due in 1 year and 2 years, respectively. Calculate the two…

A: Compounding refers to the power of increasing the interest on the total investment . It actually…

Q: You own $35000 from the bank for 3 years at 8.50% annual interest, and you will make equal monthly…

A: Solved using Financial Calculator  PV = 35,000 N = 3years * 12 = 36 I/Y = 8.5/12 = 0.708333 CPT PMT…

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: William got a second loan for 78,000 dlls to be payable in 5 years with interest rate of 7.5 percent…

A: Loan amount (PV) = 78000 Period = 5 Years Number of monthly payments (N) = 5*12 = 60 Annual interest…

Q: 1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each…

A: The periodic payment is calculated by dividing the loan amount from the present value factor. It…

Q: You deposit $3000 in an account that pays 88​% interest compounded semiannually. After 33 ​years,…

A: Amount deposited, P = $ 3,000Future value of P deposited in an account offering annual interest rate…

Q: adam made an investment of $33,000. The investment pays 7.75% p.a. compounded quarterly. He will be…

A: Amount of investment made is $33,000 Interest rate is 7.75% P.A. Compounded Quaterly   To Find:…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The amount which is deposited at the beginning of every period for a specified duration is known as…

Q: Solve the problem below on Amortization. (Round amounts to the nearest centavo) Mr. M. Roque obtains…

A: Loan amount (PV) = P 60,000 Interest rate = 8% Quarterly interest rate (r) = 8%/4 = 2% Period = 3…

Q: What is the present worth of the followingseries of payments?(a) $5,000 at the end of each six-month…

A: Periodic Payment = 5000 Semi Annual Compounding, Hence: Time Period = 12 years * 2 = 24 semi annual…

Q: Mr. Reyes borrows P600 000 at 12% compounded annually, agreeing to pay the loan in 15 equal annual…

A: The information given is Loan amount = 600,000 Interest rate = 12% compounded annually N=15…

Q: Mr Robles plans to deposit P500 at the end of each month for 10yrs at 12% annual interest,…

A: Since you have asked multiple questions, we will solve the first question for you as per policy.…

Q: Mr. Espinoza's debt of P160,000 is amortized by making equal payments at the end of every three…

A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…

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

A: To solve this problem we will have to find the periodic quarterly payment and then make a loan…

Q: A man bought a sala set worth PI8,000 and pays a downpayment of P3,000 cash and agrees to pay the…

A: Solution: Quarterly interest rate = 20% / 4 = 5% Nos of quarterly periods = 3*4 = 12 Amount of loan…

Q: Marissa converted an RRSP balance of $125,000 into an RRIF that will pay he $1,850 at the end of…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: What is the equal payment series for 8 years that is equivalent to a payment series of $15,000 at…

A: Given information:  Payment series: $15,000 Increasing amount: $1,500 Period: 10 years Interest…

Q: A man deposits a uniform amount of P 2,500 at the end of each year with interest of 2.50% compounded…

A: A Uniform amount of deposits is a series of payments at equal time intervals such as annually,…

Q: You expect to receive P1,000 at the END of each of the next 3 years. You will deposit these payments…

A: Following is the computation of Future value at the end of the third year

Q: A certain sum of money is invested at 2 years at 12% compounded quarterly. If the sum is P43,000,…

A: Present value is equivalent value of money that is today of the future money to be received based on…