A. A newly married couple decided to buy a brand-new car. The net amount of loan is Php 500, 000. They plan to amortize the loan in monthly instalments for 3 years. If money is worth 12% convertible monthly? a. How much is the monthly installment? b. How much is the outstanding balance after the second payment? c. How much is the third payment goes to pay the interest? B. Suppose you want to buy a rent to own house worth P450,000. You made a down payment

Q: 4. A group of 4 students plan to put up a camputer shop that requires a capital of Php260, 000. They…

A: The given problem can be solved using NPER function in excel. NPER function computes no. of…

Q: Answer the following questions correctly and show your Solution.A to C. Juan Dela Cruz wants to…

A: Maturity value is the future value which will be received after a certain time period.

Q: Mr Jeffrey wants to renovate his house. He takes a personal loan of RM 45000 from a bank with an…

A: We will first calculate the monthly payment by applying the required formula and thereafter we will…

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…

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A: Each year Deposit RM 2500 Interest Rate 4%

Q: You borrowed $550,000 from a bank at an interest rate of 50% compounded quarterly to purchase a new…

A: Rate of interest monthly = 50% / 12 = 4.1666% Periods = 12 * 2 = 24 months Monthly Installment =…

Q: in decided to buy his dream car worth 1,125,000 pesos. The seller requires a 20% down payment while…

A: The question is based on the concept of Financial Management.

Q: You are interested in buying a house worth P1,200,000. You paid P250,000 as down payment. In order…

A: Here, Note: As payment period is not given in the question, we are assuming it as yearly payments…

Q: Which bank’s loan product should he choose?

A: Simple interest refers to the interest calculated on the principal amount only throughout all the…

Q: You want to buy a $140000 home. You plan to pay $14000 as a down payment, and take out a 20 year…

A: Hi, since you have posted a question with multiple sub-parts, we will answer the first three (as per…

Q: 1. A man has a loan of 50,000 in a bank that gives 12% simple interest. How much is the interest if…

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

Q: If you are planning to apply for a personal loan and borrow PhP 50,000 and repay the principal and…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: A couple takes out a loan for $350,000 to purchase a house. They get an adjustable rate mortgage…

A: Adjustable- rate mortgage are those mortgages in which interest rate of the mortgage loan keeps…

Q: You want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized…

A: "Hi, As you posted multiple questions, we will answer the first question for you as per guidelines.…

Q: Suppose an engineer purchases a home and secures a loan of ₱2.5M from a commercial bank for 20 years…

A: Introduction Loan may be defined as that type of debt which is incurred by an individual or a…

Q: Kiko bought a smart TV with Php 135,000. Assuming that there is no downpayment, Kiko needs to pay…

A:

Q: Hamilton wants to accumulate ₺ 20,000 at the end of 4 years. It starts quarterly payments in a bank…

A: "Since you posted multiple questions, we will solve the first question for you as per guidelines.…

Q: Use a banker's year described above to answer this question. To complete the sale of a house, the…

A: Simple Interest: It is the interest charged on loan/savings account . Calculation: Daily interest is…

Q: 1, Suppose that you have PhP 10,000 cash today and invest it at an interest rate of 10% compounded…

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

Q: Find the monthly amortization of the loan.​

A: Monthly Amortization: It refers to the monthly payments made to the lender by the borrower for…

Q: Solve Problem 20.11 using Excel.

A: Loans refer to the amount that is borrowed on credit by the individual or the company from the banks…

Q: You want to buy a $330000 home. You plan to pay $33000 as a down payment, and take out a 20 year…

A: given, price =  $330000 downpayment = $33000 principal = $330000 - $33000 = $297,000 n=20 m=12…

Q: 1.Jude borrowed money from the bank.He received Php 18,000 & promised to pay Php 22,750 at the end…

A: Simple Interest: It is computed by multiplying the simple interest rate by the principal and the…

Q: You want to buy a $226,000 home. You plan to pay 5% as a down payment, and take out a 30-year loan…

A: Price = $226000 Down payment = 5% Interest rate = 6.55% Monthly interest rate (r) = 6.55%/12 =…

Q: Compute the annual percentage rate (APR) and effective annual return (EAR) on this loan.

A: Effective annual rate (EAR) refers to a real interest rate which an investor is expect from his…

Q: suppose Tim is buying a new car. He agreed to a price of $21,000 and he has $3,500 for a down…

A: Price of car = $21,000 Down Payment = $3,500 Time Period = 6 Years Interest rate = 3.6%

Q: Evan and Emmanuel want to buy a $250,000 home. They plan to pay 15% as a down payment, and take out…

A: Cost of House is $250,000 Down payment is 15% Term of loan is 30 years Interest rate is 4.9% To…

Q: You want to buy a $280000 home. You plan to pay $56000 as a down payment, and take out a 15 year…

A: Dear student we need to use excel to solve this problem. The formulas that you need to understand to…

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: (a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money to…

A: a) Let the initial amount = P Final amount = Double of the initial amount = 2P r = 5.5% per annum =…

Q: A young couple buying their first home borrow $90,000 for 30 years at 7.6%, compounded monthly, and…

A: Solution: As per given - A young couple buying their first home borrow $90,000 for 30 years at 7.6%,…

Q: You decide to borrow $250,000 to build a new home. The bank charges an interest rate of 8%…

A: Monthly payments to be paid on the loan amount are calculated using the interest rate, loan amount…

Q: If you are planning to apply for a personal loan and borrow PhP 30,000 and repay the principal and…

A: Loan Amount = Php 30,000 Time Period = 3 Years

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: William wants to borrow $42,000.00 today to purchase a car, which bank's lending option will allow…

A: Present Value of annuity formula is used to check if the loan present value of periodic payments.…

Q: 1. A loan of Php 300 000.00 is to be repaid in full after 2 years. If the interest rate is 9% per…

A: Part 1: Loan amount = Php 300,000 Time period = 2 years Interest rate = 9%

Q: If you are planning to apply for a personal loan and borrow PhP 30,000 and repay the principal and…

A: The question is based on the concept of loan repayment by the use of amortization of funds. The loan…

Q: The purchase price of a car is Php 40,141, Mr. Smith makes a down payment of Php 5,802 and borrows…

A: Answer: Calculation of the value of the required monthly payment to pay off the loan: Formula, we…

Q: Suppose that you buy a car costing $14,000. You agree to make payments at the end of each monthly…

A: The payments made to purchase this car is a form of an annuity. Thus, the value of each payment can…

Q: a) Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5%…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: married couple decided to buy a brand-new car. The of the loan is P 500,000. They plan to amortize…

A: Monthly amortization refers to the desired sum of the monthly payment for a fixed time of period…

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 man borrows a loan of Php20,000 to purchase a car at annual rate of interestol of 6%.He will pay…

A: Present Value of annuity refers to the present value of the sum of the future payments of and series…

Q: Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5% interest…

A: Hi there! Thank you for the question. Post contains multiple questions. As per company guidelines…

Q: Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5% interest…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: You want to buy a car and therefore you borrowed $10,000 from a bank today for 6 years. The nominal…

A: It can be calculated using PMT function in excel. PMT(rate, nper, pv, [fv], [type]) Rate The…

Q: You have borrowed SEK 40,000 from your friend on the condition that you repay the loan with the same…

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Q: How much monthly installment will be offered by bank?

A: Time value of means (TVM) means that the amount of money received in the present period will have…

Q: 1. A car costs Php 1,400,000. Suppose a man gives a down payment of Php 400,000 for the car, and…

A: Loan amount (L) = Php 1400000 - Php 400000 = Php 1000000 r = 5% per annum = 0.4167% per month n = 10…