Donny borrowed P250,000 from a lending company with 10% interest compounded semi-annual and is to be amortized by semi-annual payments over the next 5 years. The first payment is due in 6 months. What are the semi- annual payments?

Q: 3. In order to purchase a home, a family borrows $70,000 at 12% for 15 years. What is the monthly…

A: In this question, we need to find the monthly payment to amortize the loan.

Q: Find the present value of an annuity if the first monthly payment ₱6,200 is made at the end of 4…

A: given monthly payment P=2600 rate of interest r=12.6% compounded monthly implies r=12.6% per year…

Q: Compute the monthly payments for an add on interest loan of 2560, with an annual interest rate of 6%…

A: Principal = 2560 Annual interest rate = 6%  Term = 5 years We need to find monthly payment.

Q: find the payment needed to amortize a loan of $4000 with 6% intrest compounded monthly with 24…

A:

Q: Identify the present value Semi-annual payments of 20,500 with an interest rate of 8.5% compounded…

A: Given query is to find the present value.

Q: Keith sets up an ordinary annuity with a 7.2% interest rate compounded monthly. If Keith plans to…

A: Here we will find out Keith's accumulated amount after 16 years.

Q: Find the present value of an ordinary annuity with regular quarterly payments worth P1,000 at 3%…

A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…

Q: A group of private investors purchased a condominium complex for $3 million. They made an initial…

A:

Q: Carl is the beneficiary of a $25,000 trust fund set up for him by his grandparents. Under the terms…

A:

Q: Find the present value of an ordinary annuity which has payments of $1500 per year for 16 years at…

A:

Q: Find the present value of an annuity of $1,800 at the end of each quarter for 8 years after swing…

A:

Q: A group of private investors purchased a condominium complex for $2 million. They made an initial…

A:

Q: Calculate the present value of a loan that could be cleared by payments of $3,400 at the end of…

A: This is the problem of financial math.

Q: How do I develop an amortization payment schedule for the loan described. $150,000 for 3 years at 9%…

A: Consider the equation as shown below: Loan amount is $15000 for 3 years at 9% compound annually.…

Q: What is the present value of an annuity of $1500 deposited quarterly at 12% compounded quarterly for…

A: Consider that the periodic payment of $1500 is deposited quaterley for 4 years with interest rate of…

Q: Find the future value of an ordinary annuity of $sixthousand paid quarterly for 5 years, if the…

A:

Q: Find the present worth of a future payment of P80,000 to be made in six years with an interest of…

A:

Q: A loan of $10,000 is amortized by equal annual payments for 30 years at an effective annual interest…

A: Installation = Loan amount/PVIFA(r%,n) r = rate of interest = 5% n = no. of years = 30 PVIFA(r%,n) =…

Q: for equpment upgrades a business borrowes 40000at 8% compounded semianually for 5years. What are the…

A:

Q: Determine the yearly payment if Mr. Kofilala takes a loan of 30,00 ghana cedis for 10 years with an…

A: Consider the given information. P=30,000 ghana cedis, r=0.5% per month, t=10 years. The continuous…

Q: Find the future value of an annuity due with payments of $310 each year for 7 years at 5%,…

A:

Q: Find the present value of an ordinary annuity of $200 payments each made monthly over 5 years and…

A: Given, Principal = P = $ 200 Time period = n = 5 years = 5*12  months = 60 months Rate of interest =…

Q: A relative wills you an annuity paying $4,000 per quarter for the next 10 years. If money is worth…

A: We have given the value of each payment i.e  P= $4000 Rate of interest   (r) = 8%  Total year is 10…

Q: 2. Estimate the monthly payments of a credit card loan of $3,000 at a 24% yearly interest rate…

A: P=$3000rate=24%=0.24 (yearly)t=5 yearsn=12 (number of times that interest is compounded in a period)

Q: Find the payment necessary to amortize a 12% loan of $1700 compounded quarterly, with 8 quarterly…

A: Solution

Q: I will invest P15,000 per quarter for my retirement at 7.3% compounding quarterly for 10 years. I…

A: Here,  Pmt=15,000r=7.3%n=4t=10

Q: Ryan's student loan of $27,500 at 3.52% compounded quarterly was amortized over 3 years with…

A: Given Loan amount (A)= $27500 Interest rate (i)= 3.52% compounded quarterly

Q: Find the present value of an ordinary annuity which has payments of $2100 per year for 18 years at…

A: PV=PMT1-1+rn-ntrn here we have PMT=2100 n=1 for annual payment r=8%=0.08 t=18 years

Q: Noreen Leung has agreed to purchase her partner’s share in the business by making payments of $1,100…

A:

Q: Calculate the future value of end- of-month payments of $500 made for 4 years into an investment…

A:

Q: What is the present value of a loan when a monthly payment of P3, 250 is needed to extinguish for…

A: To solve the given problem we shall use the following formula…

Q: Find the present value of an ordinary annuity with deposits of $6,258 each year for 8 years at 9.6%…

A:

Q: What is the present value of an annuity that consists of 30 monthly payments of $300 at an interest…

A:

Q: A loan, amortized over 5 years, is repaid by making payments of $600 at the end of every month. If…

A: Loan payment formula: P=PMT[1-(1+rn)-ntrn] where,p=principaPMT=payment r=APR t=number of year…

Q: A bond issue is approved for building a regular payments of $96,000 every quarter into a sinking…

A: Given: To find the interest and amount how much will the city have to pay, The given details: i =…

Q: A condominium unit is being amortized with a quarterly payment of P56,000 for 5 years at 3%…

A: Solution :  Given that  quarterly payment = P 56000 Interest rate r = 3% Compounded quarterly , n =…

Q: Mr Bullock wants to purchase a car which costs $200,000 and requires 20% down payment. Period of…

A:

Q: Mr. and Mrs. Smith have just purchased a $1,200,000 home and made 20% down payment. The balance can…

A: Given: Total purchased value of house is $1,200,000 Down payment = 20% of $1,200,000  = $240,000…

Q: On January 1, 2018, Kline Inc. borrowed P9,000 from Harvard Co., and on January 1, 2020, it borrowed…

A: Introduction: When a financial institution gives money as a lender, it charges interest. The amount…

Q: Find the present value

A:

Q: Calculate the present value of a loan that could be cleared by payments of $3,300 at the end of…

A:

Q: Linda and Casey have a $126 000 mortgage at 5.15% per year on their two-bedroom house. Determine the…

A:

Q: present

A: Please refer to the image below

Q: What is the annual amortization of a 7% loan of P1.5M that is paid back in five annual end-of-period…

A: In the given problem we have to find the annual amortization of a 7% loan of  1.5M peso that is paid…

Q: B. Find the present value of an ordinary annuity with regular quarterly payments worth P1,000 at 3%…

A: The solution of this question is given below:

Q: abriella wants to buy a house costing $95,000, and she has $12,000 for the down payment. She can…

A: NOTE: Refresh your page if you can't see any equations. . the cost of the house is $95000 and the…

Q: Find the amount of an annuity that consists of 20 semiannual payments of $500 each into an account…

A:

Q: Find the amount of each payment to be made into a sinking fund which earns 8% compounded quarterly…

A:

Q: A group of private investors purchased a condominium complex for $4 million. They made an initial…

A: Given that the total payment of the complex is $4 million. Since 1 million = 1000000, $4 million =…

Q: Q. 4. If you sell your car to someone for OMR 9500 and agree to finance it at 15 % compounded…

A: