Q: hutshilo won R165 000 and decided to deposit 65% of this amount in an account earning 8,25% interest…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: Casugay borrowed P 15,000 two years ago. The terms of the loan are 10% interest for 10 years with…
A:
Q: Mr mdlalose starts his own business and takes out a loan of R450 000 He repays the loan in four…
A: Given information Loan amount = R450,000 Time Period = 4 years Interest rate =10% p.a compounded…
Q: Mr. Ayala borrows P1,000. In 4 years, the money become P2,500 compounded bimonthly. Find the nominal…
A: Borrowed amount (P) = P 1000 Period = 4 Years Number of compounding per year (m) = 6 Number of…
Q: 4-8. Jonathan borrowed $8,000 at 5% annual compound interest. He agreed to repay the loan with 5…
A: Loan is a contract between lender and borrower where lender provides funds to borrower for definite…
Q: Mr. Santos borrowed a certain amount from Bank A with an interest of 5% compounded quarterly and he…
A: EMI = P × r × (1 + r)n((1 + r)n-1) where, P= Loan Amount r= Interest rate n= tenure
Q: A man borrowed RM1200 for 5 months and was charged 9% simple interest. How much interest did he…
A: The amount of interest earned can be calculated with the help of simple interest function
Q: A man pays his debt in the following manner: P1000 after year 1, P900 after year 2 and P800 and year…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: Vhutshilo won R165 000 and decided to deposit 65% of this amount in an account earning 8,25%…
A: In this question we need to compute the accumulated amount after 5 years i.e. future value after 5…
Q: 5. Jonaa has borrowed P 30000 in 1 year and P 80000 due in 5 years. He has to pay P 50000 today and…
A: The concept of the time value of money (TVM) asserts that money is worth more now than it will be…
Q: Mr. Cruz borrowed P100,000 from BPI at a stated rate of 6% payable over a period of one-year. What…
A: Loan amount = P100,000 Interest rate = 0.06 Interest amount = P6,000 (i.e. P100,000 * 0.06)…
Q: 1. An employee obtained a loan of P 10,000 at the rate of 6% compounded annually in order to build a…
A: Since you have asked multiple questions, we will solve the first question as per policy. Please ask…
Q: oman borrowed P3,000 to be paid after 16 years with interest at 12% compounded semiannually and…
A: In this we need to find present value of both values and than find out the future value of that.
Q: a businessman borrowed Php4000 to be paid after 1 1/2 years with interest at 10% compounded semi-…
A: Loan 1 value = Php 4000 Interest rate = 10% per annum = 5% semiannually Duration = 1.5 years = 3…
Q: A MAN PAYS HIS DEBT IN THE FOLLOWING MANNER: P1,000 AFTER 1 YEAR, P900 AFTER 2 YEARS, P800 AFTER 3…
A: Payment after year 1 = P 1000 Payment after year 2 = P 900 Payment after year 3 = P 800 Payment…
Q: 7. Michael deposited and mvested P 200,000 for 2 years at 6 interest compounded quarterly. How much…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: 1. Mr. A owes a total of P153,000 which includes 12% interest for the three years he borrowed the…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: Joella invested RM5,000 in an interest-bearing promissory note earning an 8% annual rate of interest…
A: Following is the answer to the question
Q: 3. Mr. Bainto has a loan that is to be amortized by paying monthly payments of P 3,200 for 1 year.…
A: Monthly payment (P) = P 3,200 Number of payments (n) = 6 Interest rate = 12% Monthly interest rate…
Q: How much in each of the quarterly installments if rate of interest 10% compounded bi-monthly?
A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…
Q: Kenny has just been notified that the combined principal and the interest on an amount that he…
A: Answer: Calculation of the amount of the principal includes in P75,160: We have given the amount…
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A: Payment amount after 6 months (FV)= $ 4050 Annual interest rate (R) = 3% Period (T) = 6 Months =…
Q: Jonathan borrowed $8.000 at 5% annual compound interest. He agreed to repay the loan with 5 equal…
A: Using the PMT function in Excel
Q: Lance borrowed an amount of money from a lender. He agrees to pay the principal plus interest by…
A: Annual Payment = 39,973.76 N = 3 Interest rate = 8% Compounded quarterly Number of compounding…
Q: businessman invested P1,000.00 and after 4 years, it becomes P1,608.44 when he invested at a certain…
A: Future Value = Present value * (1+r)^n Where r = bimonthly rate n= no. of compounding period i.e. 4…
Q: A man loans P187,400 from a bank with 5% compounded annually. He agrees to pay his obligations by…
A: Loan amount (PV) = P 187,400 Interest rate = 5% First payment period (t) = 10 years Number of annual…
Q: tained a loan from the bank worth P 400,000.00 payable within 4 years from the time the loan was…
A: The given problem can be solved using PMT function in excel. PMT function computes installment…
Q: A man purchases a lot worth 5M if paid in cash. On installment basis, he paid P800,000 down payment,…
A: Cost = P5,000,000 Down payment = P800,000 Payment at year end = P900,000 Payment at third year end =…
Q: Gloria borrows P100,000 from a lending institution which changes an interest rate of 16% compounded…
A: Formula for finding Annual Payment =[Interest rate*Borrowed Amount]/[{1-((1+Interest rate)^(-Number…
Q: A man borrowed P400,000 from a lending institution which will be paid after 10 years at an interest…
A: Compounding is a process where the investor or trader pays interest on interest. In this, the…
Q: Mr. Reyes borrows P600 000 at 12% compounded annually, agreeing to pay the loan in 15 equal annual…
A: The information given is Loan amount = 600,000 Interest rate = 12% compounded annually N=15…
Q: 1. Rahimah made equal payment of RM2,106.71 every two months for 8 years at 6% interest compounded…
A: Loan amount taken by R can be determined by calculating the present value of the equal payments…
Q: Citari took a personal loan of RM10,000 and paid equal monthly payments for five years at an…
A: A loan amount represents a sum of money borrowed by one person from another. In a loan agreement,…
Q: 4. Mr. Torres borrows P 150,000 and agrees to pay it with interest at 16 % compounded quarterly…
A: Loan amount (PV) = P150,000 Interest rate = 16% Quarterly interest rate (r) = 16%/4 = 4% Quarterly…
Q: A woman borrowed P3,000 to be paid after 1.5 years with interest at 12% compounded seminually and…
A: Borrowed amount = P3,000 Time period = 1.5 years Interest rate = 12% that compounded semiannually…
Q: Mr. Reyes borrows P600,000 at 12% compounded annually, agreeing to repay the loan in 15 equal…
A: We need to use present value of ordinary annuity formula to calculate equal payment. PMT…
Q: Lamis borrowed OMR 10,000 from Bank Muscat with an interest rate of 5% for 3 years. The amount she…
A: The amount that has to pay after three years is the sum of principal and compound interest on the…
Q: On 2003/11/1, Peter borrowed $8000, agreeing to pay interest at 3.3%/year compounded monthly. He…
A: When a loan is taken and repaid with future amount, the present value of all the repayments are…
Q: Mr. Velasco got a 700,000 loan for the expansion of his business payable monthly in 4 years. How…
A: The monthly amortization on a loan refers to the monthly payment on the loan, which is needed to be…
Q: What is the interest paid by Victor on Php 35,000.00 that he borrowed for 2 years at 15% simple…
A: Interest: It refers to the monetary charge on the mortgage or loan borrowed by the borrower from…
Q: A man paid 10% down payment of P200,000 for a house and a lot and agreed to pay the balance on…
A: Down payment = P 200,000 Down payment ratio = 10% Cash price = Down payment/Down payment ratio…
Q: Mr. Reyes borrows P600, 000 at 12% compound the loan in 15 equal annual payments. How muc unpaid…
A: Loans are paid by the periodic payments that are paid equally annually and they carry payment of…
Q: A certain amount was borrowed for 5 years at 6% simple interest. After which, the amount was not…
A: Simple interest rate for first 5 years = 6% Interest rate for next 8 years = 10% compounded semi…
Q: A man pays his debt in the following manner: P885 after 1 yr., and decreases P100 every year up to…
A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…
Q: b) Ameena borrowed a certain sum of money from a financial institution that charged 4.5% compounded…
A: Monthly payment (a) = RM725 Monthly interest rate (r) = 0.00375 (i.e. 0.045 / 12) Monthly period (n)…
Q: A man purchases a lot worth 5M if paid in cash. On installment basis, he paid P800000 down payment,…
A: Mortgage are the loan which is taken by the individual to meet its financial requirements. The…
Q: Mr. Rabutan borrowed P150,000. He agrees to pay the principal plus interest by paying an equal…
A: The payment of equal amounts at equal intervals for a definite period at a specific interest rate is…
Q: Bench loaned P10000 in a bank to be paid after 3 years with an interest of 10% compounded semi-…
A: First loan (L1) = P 10000 n = 3 years = 6 semiannual periods r = 10% per annum = 5% semiannually…
Q: 5) Bozo owes $4000 due in one year and $8,000 due in six years. Bozo is allowed to pay off both…
A: The amount of payment will be the value of the loan amounts at the end of 4 years.
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
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- A man borrows Php 5000 with the agreement to pay the principal and all accumulated simple interest at the rate of 8 % at the end of 4 years. At what nominal rate compounded quarterly could he just as well pay compound interest? a. 10 % b. 9 % c. 7 % d. 8 %Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment?Mr. Reyes borrows P600 000 at 12% compounded annually, agreeing to pay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment?
- As debt payment, P315,000 is due in 4 years and 7 months. If the debtor wishes to repay the debt now, and the lender applies 9% interest compounded semi-annually, how much does he have to pay?Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment?Include cashflow if possibleMr. Reyes borrows 600000 at 12% compounded annually agreeing to repay the loan in 15 equal annual payments. How much is the remaining balance after he paid the 8th payment?
- 1. Hanzalah took a loan of RMY from Bank ABC at interest rate of 4.5% compounded monthly.After 10 years, the amount to be paid is RM47,009.78. Find Y.(RM30000)Mr. Reyes borrows P600 000 at 12% compounded annually, agreeing to pay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment? Include the Cash Flow Diagram.2. A man borrowed Php 100,000 at the interest rate of 12% per annum, compounded quarterly. What is the effective rate? (EE board)
- A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly installments for "x" years at an interest rate of 15% compounded monthly. If the monthly installment was P 47,579.8602, find the value of x?2. Mr. Dizon borrowed P35,000.00 from the cooperative bank. Find the simple interest if it is to be paid after 5 months with an interest rate of 1.50 %per month.A man borrows Php 5000 and promises to pay the compound amount at 9 % compounded quarterly at the end of 6 years. At what simple interest rate could he just as well borrow, with the agreement to make a single payment including all interest at the end of 6 years? a. 11.76 % b. 12.56 % c. 13.07 % d. 10.37 %