Don borrows ₱5000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6 1/4 % per annum for 2 years. Find his gain in the transaction per year

Q: Corey would like to purchase a new car for $28,000.  How much will his monthly payments be if he…

A: Given that: Principal amount of loan, P=$28000TIme period of loan = 5 yearsRate of interest, r=5.75%

Q: Andy deposits $5000 into an account where intrerest is compounded biweekly. After five years, andy…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: Peter has P560,000 in his bank account in which he opened exactly 3 years ago. If he did not make…

A:

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A: The amount earned when P amount is invested in a scheme offering compound interest at a rate of r%…

Q: Jamie plan to make payments of $9000 into a account on the last day of this and every year until his…

A: Consider the given information.

Q: Clyde inherited his grandparents' estate and th grandmother's parents had created for her whe now…

A: The total worth now A=$34900 Rate of interest r=6.5% Time t=76 years For Quarterly n=4  Let original…

Q: Nanette buys a $5000 20-year bond that has a coupon rate of 2.5%.If she keeps the bond to…

A: We have to find

Q: Andrew deposited half of PhP 130,000 in a certificate of deposit (CD) paying 4% interest, compounded…

A: The compound interest formula is given by A=P(1+rn)nt. where, A is the final amount, P is the…

Q: Susie is paying $589.35 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage value = $150,000 Monthly payment of Susie = $589.35Total…

Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…

A:

Q: Justin received an excellent interest rate for his loan of $7,000. Calculate the nominal interest…

A:

Q: Steven wants to buy a new couch priced at $558 and agrees to pay for it over two years with a…

A:

Q: Michelle Payne deposited $12,000 in a savings account paying 6.25% simple interest. How long (in…

A: Let it will take t years to be a amount of $12,000 deposited in a accountunit 6.25%.Simple interest…

Q: Find the interest rate for a principal of $5305 and charge $ 39534 in interest for 20 years. Round…

A: follow next step

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

A:

Q: To pay for his debt at 10% compounded semi-annually, рay Marcus committed for 10 quarterly payments…

A: To determine the amount of money Marcus borrowed.

Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

A:

Q: At the end of 6 months, Mr. White pays Php 12,500.00 per month to the bank for 5 years for the car…

A: Given:  P(Principal amount per month)=$12500 R(Rate of…

Q: In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the…

A: Given Annual Rate R=4.75%Time T=25 yearSimple interest SI=$ 2375find principal amount p=?simple…

Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: Susie is paying 594.16 every month for her 150,000 mortgage. If this is a 30 year mortgage, how much…

A: The monthly amount Susie paying per month = 594.16Total mortgage = 150,000The time period of…

Q: Caitlin leased a car for 4 years at a rate of 5.80% compounded monthly. It required her to make…

A:

Q: PETER PAID 50,000 IN 2.5 YEARS. HE BORROW P40,000 what is the simple interest?

A: In total Peter paid = P50000  Time to pay back = 2.5 years Peter borrowed = P40000

Q: present value of the loan

A:

Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…

A:

Q: A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18%…

A: Let x be the amound borrowed on 15% and (24000-x) at 18% Given taht total interest paid is Rs 4050

Q: Zayn buys a new phone for $600 and pays for it over two years with 6.% simple annual interest. What…

A:

Q: Connor bought a house for $215,000.00, paying 10% down, financing the rest at 7% interest for 25…

A: The objective is to find monthly payment and interest over the life of loan.

Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

Q: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest what was the principal…

A: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest. what was the principal…

Q: A service car whose cash price was P540,000 was bought with a down payment of P162,000 and a monthly…

A: Consider the given information.

Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

A:

Q: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?

A: Here we have to find the interest rate i.e 'r'.

Q: An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 4.50%…

A: Given problem:- An investor purchased a 93-day, Government of Canada T-bill that had a simple…

Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…

A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…

Q: In order to help pay for his trip abroad for his spring semester of his senior year in college, Marc…

A:

Q: In buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12%…

A: Given that, in buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years…

Q: rest rate of

A: Given, Ms. Drake invests $1000 at a simple interest rate of 8.5% for 2 years. The interest during…

Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

A:

Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

Q: Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of the…

A: Here I am using simple interest formula.

Q: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…

A: Since you have asked multiple questions in a single request, we would be answering only the first…

Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…

A: We can find the annual  rate of interest as follows

Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…

A: The amount of loan she took P1 =  $30,000  The current loan amount balance P2 = $56,000   Percentage…

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: Mr. Jolo deposited an amount of P20,000.00 in a bank that gives 3% annual interest compounded…

A:

Q: Sally took a loan of 18000 Rial from S.R Finance to purchase a TV set. If the company charges Simple…

A: Principal = 18000 Rial R= 0.08 p.a for first two years R= 0.1 p.a for next three years.