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Gene bought a living room suite for 85,000 pesos. He agreed to pay in 5 months at 12% simple interest. How much will he pay for the furniture?
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- Kiki bought a computer for Rp. 8,000,000, -. If he bought itWith credit, he must prepare advance money and be able to pay the rest byInstallments every month for 9 months with 24% interest. If he wants biginstallments per month are exactly Rp. 800,000, - according to his income, how much advance money that he must prepare.Engineer Patawaran purchased a lot and agreed to pay Php 33,000.00 a month for two years. If money is worth 9% compounded monthly, what single payment at the end of 2 years would be equivalent to his total monthly paymentsSergio purchased a house for $440,000; he paid $44000 as a down payment and financed the balance amount at 4.9% compounded monthly for 20 years. a) What is the size of payment made at the end of every month to settle the loan? b) What was the amount of interest charged for the entire loan? c) If Sergio pays an additional $350 per month, how many periods will it take to payoff the load? $d) If Sergio pays an additional $350 per month, how much interest will be saved?
- Polly purchased a car. She paid ₱250,000 as down payment, and ₱15,000 payable at the beginning of each month for 48 months. If money is worth 12% compounded monthly, what is the equivalent cash price of the car?Skylar bought a $270,000.00 house, paying 10% down, and financing the rest at 3% interest for 15 years. A. What is the monthly payment? Skylar has a payment of a month $________. B. How much interest will be paid over the life of the loan? Skylar will pay $_______ in interest over the life of the loan.Luka bought a villa in an exclusive neighborhood at the southern part of the country. He agreed to pay 400,000 php every months at 11% compunf quarterly for 5 years, and the first payment was due after 3 years from the time he acquired the villa. How much is the cash price of the vills?
- Nasser purchased a photocopier machine for 12,500 RO with a down payment of 5000 RO. His rate of interest is 9% for 25 years. His monthly payment isM purchased a small lot in a subdivision, paying P200, 000 down and promising to pay P15, 000 every 3 months for the next 10 years. The seller figured interest at 12% compounded quarterly. (a) What was the cash price of the lot? (b) If M missed the first 12 payments, what must he pay at the time the 13th is due to bring him up to date? (c) After making 8 payments, M wished to discharge his remaining indebtedness by a single payment at the time when the 9th regular payment was due, what must he pay in addition to the regular payment then due? (d) If M missed the first 10 payments, what must he pay when the 11th payment is due to discharge his entire indebtedness?Include cashflow if possibleA purchased a small condominium. He paid P350,000 as a down payment and agreed to pay P35,000 every 3 months for 5 years. The car seller figured interest is at 12% compounded quarterly. What is the price of the condominium?
- Polly purchased a car. She paid ₱150,000 as down payment and pays ₱5,500 at the end of each month for 48 months. If the interest is 7.8% compounded monthly, how much was the car worth?Jin decided to buy his dream car worth 1,125,000 pesos. The seller requires a 20% down payment while the rest of the payment will be settled in 15 years with an interest rate of 3% per year compounded every month. a.) Find Jin’s monthly payment. b.) If after 10 years, he decided to pay off the loan, calculate the amount he has to pay.Jungkook purchased a new car under these terms: 800,000 php downpayment and 17,500 php each month for 5 years. If the interest is 12% compounded monthly, what is the cash price of the car?
