A man borrowed Php 8000 from RCBC and agreed to pay the loan at the end of 9 months. The bank discounted the loan and give him Php 5000 in cash. What was the rate of interest? What was the rate of discount?
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- (Please answer it asap, round the final answer to 2 decimals places, thanks for your help) (a) To ensure that the firm can pay the maintenance expenses over the next 24 month, how much should the monthly bank deposit be? (b) For the investment to acquire new production machines, name and describe this type of financial management decisions.PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASProblem 5:An account executive at Santander branch CETYS, receives a deposit from an important client-student, surnamed Cuevas Ronchas for $30,000.00; in an account that generates 6% interest, capitalizable monthly. After two years, he decides to make new deposits at the end of each year, so that after three years from this decision, he has $200,000.00 at the time of the last deposit. Find the amount of annual deposits he has to make for the last 3 years. The solution involves calculating a future value and then a present value. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. Please, not in written form, please do it in excel Please, not in written form, please do it in excel Please, not in written…PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASProblem 5:An account executive at Santander branch CETYS, receives a deposit from an important client-student, surnamed Cuevas Ronchas for $30,000.00; in an account that generates 6% interest, capitalizable monthly. After two years, he decides to make new deposits at the end of each year, so that after three years from this decision, he has $200,000.00 at the time of the last deposit. Find the amount of annual deposits he has to make for the last 3 years. The solution involves calculating a future value and then a present value. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
- A man borrowed Php 6,000 from a bank and agreed to pay the loan at the end of 10 months. The bank discounted the loan and gave him P4,800 in cash. (a) What was the rate of discount? (b) What was the rate of interest? (c) What was the rate of interest for one year?An accounting firm agrees to purchase a computer for $110,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 0.85% compounded quarterly so that they will have $110,000 in 270 days?Solve the following problems by showing your formula and computation: 1. what is the simple interest on $4,000 for 2 years of 6%? What is the amount? 2. find the interest and the amount for $800 for 8 months at 4% 3. Jason borrowed $2,500 on March 1 from a bank and promised to pay back the money in 90 days at 6% interest using the 360-day Banker's Method. What amount will Jason pay the bank when the loan is due? 4. find the time necessary to yield $30 on $450 at 8% simple interest. answer in months. 5. find the amount due at the end of 15 months whose present value is $2,000 at 5% simple discount. 6. at 6% simple discount, find the present value of $300 which is due at the end of 90 days using the 6% method. what is the discount on the $300?
- A company borrowed P45,200 from a savings and loan association that charges 14% converted quarterly. To pay off the loan, the company promised to pay P2,000 every 3 months. (show your solutions at the back) a. How many regular payments are needed? b. When will the company make the last P2,000 payment? c. Find the outstanding balance after the 32nd payment.Suppose you are a relationship manager at an international bank. A customer who recently got admission at a prestigious Business School approached you for an education loan of Rs. 36,00,000. Your bank offers the education loan at 9.6 percent to be repaid in 10 years in EMIs. You are assigned the task of preparing the amortization schedule for the customer and answer the following. Prepare the amortization schedule for the first 5 EMIs. What will be interest paid for 93th EMI? What will be the loan balance after 93th EMI? What is the total interest paid for the loan?You borrowed an X amount of money from a local bank to be repaid over N months at an interest rate i (assume your own numbers for X, i, M). I need : (a) Create a table (using Excel) showing each month's interest in $ (I), principal repayment, and amount of principal remaining at the end of each month. (b) Suppose that you decided to pay out the remaining principal all at once after few monthly payments (< N), how much will you pay? Use the P /A relationship to answer this part and compare to the numbers in the table.
- PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS2.- Mr. Rafael Robles goes to his financial advisor and asks him to calculate the interest to be earned on a deposit for the amount of 730,000.00; when the current interest rate is 9.75%, capitalized quarterly, and it was invested for 5 years, 9 months and 27 days. The Finance Company reinvests at simple interest when there are not complete capitalization periods. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. TO CONSIDER THE YEAR AS 360 DAYS (WHICH IS COMMERCIAL) (only if required)1. Illustrate the following statement using time diagram for its cash flow. A. Monthly loan payment of P6,000 for 5 months. B. An installment payment for a laptop of P2,500 every 2 months for 2 years. C. Payment for a "house improvement loan" of P8,000 every month for 3 years. D. Quarterly payment of tuition fee amounting to P5,000 for a year. E. Monthly rental fee for an isolation facility for 4 months.please show full calculation and answer every thing step by step show each step The firm has contacted a bank to negotiate a loan to purchase the legal tech’ software. A loan of £10,000 will be needed and the bank has offered three options, each to begin on 1st February 2023: £10,000 loan at 6% simple interest. The entire loan is to be repaid in one lump sum after five years, with interest paid at the end of each year of the loan. £10,000 loan at 4% compound interest with amortised monthly repayments for five years £10,000 loan at 4.5% compound interest, with both interest and principal to be paid in one lump sum at the end of five years. Calculate the total of interest to be paid under each of the three options. Show your workings in full.
