A small business is paying off a machine loan to the bank. Knowing that the installment is R$ 2,000 for 24 months at a rate of 2% per month, how much will she have paid at the end of the financing?

Q: A student takes out a student loan in her first year of college. The loan earns simple interest each…

A: Given: Interest rate = 8.75%

Q: A. A newly married couple decided to buy a brand-new car. The net amount of loan is Php 500, 000.…

A: Given: Loan amount = Php 500,000 Years = 3 Interest rate = 12%

Q: I now have $12,000 in the bank earning interest of 0.50% per month. I need $22,000 to make a down…

A:

Q: Angela read an advertisement for a P50,000 loan. The ad informs the borrower that the company only…

A: Interest = Principal × Interest rate = 50,000(0.18) = 9000 Interest per annum = 9000

Q: A man buys a car for $36,000. If the interest rate on the loan is 12% compounded monthly, and he…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: (a) A savings and loan association has offered her a 10-year small business loan at an annual…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: You have a student loan of $35,000. The bank charges 6% interest annually. You decide to pay the…

A: Dear student as the question provided loan amount, annul rate of interest and monthly payment and…

Q: A woman went to the Beneficial Loan Company and borrowed ST0,000. She must pay $323.53 At the end of…

A: Monthly interest rate can be calculated by excel formula PMT and by IRR formula with series of cash…

Q: Adrian has taken a loan to buy computer servers for their small bussiness. They need to borrow…

A: Borrowed amount is $91,000 Interest rate is 5.8% compounded quaterly Time period 7 years To Find:…

Q: A friend has $1,200 that he has saved from his part-time job. He will need his money, plus any…

A: The interest earned on the savings account is determined by multiplying the amount invested with the…

Q: how many years will it take her to pay back the loan?

A: A person defers his or her current payment liability via loan. A loan is provided by a bank, who…

Q: company borrowed P45,200 from a savings and loan association that charges 14% converted quarterly.…

A: Loan are paid by the equal periodic payments that carry the payment for interest payment and also…

Q: A couple who borrow $60,000 for 15 years at 8.4%, compounded monthly, must make monthly payments of…

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

Q: Suppose you are getting a loan from a bank to purchase a feed business. The interest rate on the…

A: APR(Annual percentage rate) refers to annual cost paid by the borrower for the loan taken which…

Q: A couple who borrow $70,000 for 15 years at 6%, compounded monthly, must make monthly payments of…

A: Given: Monthly payment = $590.70 Loan = $70,000 Years = 15 Interest rate = 6%

Q: A person needs ​$17,700 immediately as a down payment on a new home. Suppose that she can borrow…

A: Continuously compounded interest rate refers to the interest rate that is calculated on the…

Q: 1. Glen received a $2,250 loan from the bank. After six months, he paid back an additional of $145…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: How much money will the bank loan you? How much can you offer for the house?

A: Loan payments: These are payments made by the borrower to the lender of the loan. These payments…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Years = 4 Terms(n) = 4 *4 = 16 quarterly deposits Rate (r) = 6%…

Q: A man borrowed P300,000 from a bank and agreed to pay the loan at the end of a month. The bank…

A: Maturity amount (F) = P 300,000 Net proceeds (P) = P 250,000 Period (n) = 1 Month = 1/12 Year

Q: You owe your best friend $2,000. Because you are short on cash, you offer to repay the loan over 12…

A: Answer a) $2000=$100(P/A, 0.5%,12) + G(P/G, 0.5%,12)$2000=$100 (11.6189) + G(63.214)G=$13.26

Q: How much are the monthly payments?

A: An interest is charged by bank or financial institutions over the borrowed amount. The sum payable…

Q: You purchase a home and secure a 30 year equal payment loan for $200,000 at a interest rate of 5.25%…

A: The number of months to stay will be around 6 months.

Q: You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8%…

A: Therefore, the principal amount paid in month 2 is $378.19.

Q: Someone buys a car for 12,000$ and puts 25% down. They then get a simple interest amortized loan for…

A: APR: Annual percentage rate includes fees and additional costs related to the loan processing. It is…

Q: Suppose that you charged $8430 on a credit card to relocate for your first job. When you realized…

A:

Q: An Engineering firm deposits Kshs.1,000,000 into a bank that pays an interest of 5% per annum…

A: Future value = Present value * (1 + Interest rate)^number of years

Q: When Maria Acosta bought a car 2 years ago, she borrowed $12,000 for 48 months at 7.2% compounded…

A: Outstanding loan balance is calculated by present value of monthly payments left to be paid. r is…

Q: A student needs to borrow $7,000 to pay for college. She can get a loan at an APR of 10% to paid off…

A: We need to calculate total payment by using the loan amortization formula. Fist we need to calculate…

Q: Your company bought equipment for $25,000 by paying 10% down and the rest on credit. The credit…

A: price of equipment=$25,000 downpayment=10% loan amount = price x (1-downpayment) loan amount…

Q: You borrow Php 1,000,000.00 for one year from a friend at an interest rate of 14 per month instead…

A: Borrowing = 1,000,000 Time Period (N) = 1 year   Option 1. Bank Loan at 13% per year   Option 2.…

Q: In order to start a small business, a student takes out a simple interest loan for $9000.00 for 9…

A: To determine the simple interest and the future value of the loan.

Q: payment

A: Monthly payments are nothing but the payment which has to be made by the borrower every month. The…

Q: 2: An engineer wishes to purchase an $80 ayment of $20 000 and borrowing the remaining $60 000,…

A: In this question payment per month needs to be find out. Loan amount is $60,000 and it is to be paid…

Q: Your business requests a 3-month loan for $500,000. What will be the interest paid at the end of the…

A: Loan Amount = $ 500,000 Business risk = 2.2% LIBOR = 2.8%

Q: The owner of a restaurant needs to borrow ₱120,000 from a bank to buy some equipment. The bank will…

A: A loan is a type of debt that an individual or another business takes on. The borrower receives a…

Q: Sarah Maddox wants to buy a new car that will cost $15,000. She will make a down payment in the…

A: a. price of car=$15,000 cash payment = $3000 loan amount=$12,000 rate = 8% m=12 r=0.0812=0.66%…

Q: A recent college graduate buys a new car by borrowing $16,000 at 6%, compounded monthly, for 5…

A: Payment of loan made in fixed installment which includes interest as well as portion of principal,…

Q: A new engineering graduate who started a business borrowed money for 1 year. The amount of the loan…

A: When a person is in a need of short-term borrowings he can take the amount short term borrowing by…

Q: Jane wants to buy a house and approaches the bank to borrow $638,000. The bank agrees to lend her…

A: A loan refers to a sum of the amount that is being borrowed by a borrower who is in need of funds…

Q: A credit cooperative recently offers a 36-month loan at 4.15% compounded monthly for typhoon victim…

A:

Q: A businesswoman needs P50,000 for his operations. One financial institution is willingto lend him…

A: Loan Requirement = 50,000 Time Period (N) = 1 year

Q: Catherine obtained a loan of $40,000 at 4.5% compounded monthly. How long (rounded up to the next…

A: Solution:- When a loan is taken, the borrower is given the option whether to repay it in…

Q: Mr. Sebastian avails the loan offered by his company with a minimal interest of 1.5% every 6 months.…

A: Here, To Find: Semi-annual payments of the loan =?

Q: A year after buying her car, Anita has been offered a job in Europe.Her car loan is for $27,000 at a…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: You are a financial adviser, and your client wants to save $6,000 in order to make a downpayment for…

A: Future value (FV) = $6,000 Quarterly interest rate (r) = 0.009 (0.036 / 4) Quarterly period (n) = 8…

Q: A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: What monthly payments must you make to pay off the $50,000 loan at 8.4% compounded monthly over 3…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.