If you are planning to apply for a personal loan and borrow PhP 30,000 and repay the principal and interest for an agreed length of time of 3 years, How much monthly payment is needed for each bank offer? b. How much interest would you pay for 3 years for each bank offer? Which is the best option for you among the given choices below if you are to pay monthly for 3 years? а. с. Bank (Personal Loan) Monthly Interest Rate A 1.3% В 1.89% C 1.22% D 1.5% E 1.25%

Q: Leo Jeriel borrowed Php 3,785 from a friend and promised to repay him in 9 months plus 12% interest.…

A: We want to find simple interest

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A: GIVEN :-  Tirade Owens, a professional athlete, currently has a contract that will pay him a large…

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A:

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Q: What corresponding discount rate equivalent to 10.45% interest rate for 15 months?

A: We can find the answer as below.

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Q: you buy a computer directly from the manufacturer for $3,350 and agree to repay it in 48 equal…

A: For monthly payment:

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A:

Q: Find the interest and final amount respectively on Php 8,200 for 2 years and 3 months at 6%,…

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A:

Q: What amount will reduce the amount due on an invoice of $9410.25 by $842.00 if the terms of the…

A: Given that the amount due on an invoice of $9410.25 by $842.00 and the terms of the invoice are 510,…

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A:

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A: Given query is to find the future value of the above agreement.

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

A: Given that an amount of 30,000 is provided by a bank as loan at different interest rates  for a…

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A:

Q: 7. Mrs. Yang borrowed P14,500 from a lending institution that charges 5 1⁄2 % simple discount. How…

A: Solution: borrowed amount P = 14,500 simple discount = 5.5%

Q: Determine the amount of money Western Bank should be willing to loan a developer who will repay the…

A: Future amount = $840,000    Developer will pay 2 years from now Interest rate = 10% per year or we…

Q: Your family has annual loan payments equal to 28% of its annual income. During the year,the loan…

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

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

A: Given, Principal=30,000 php Time=3 years=36 months Part(a):   Bank A Bank B Bank C Bank D Bank E…

Q: 2. Camba Family was able to buy a house and lot worth Php4,250,000 which would be financed through…

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A: Solution: We know that geometric series with common ratio q and first term a1. an=a1.qn-1

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A:

Q: Mark borrowed 65,000 php from Rhenz under the following conditions: simple interest rate of 2.5%; to…

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Q: Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $321,800. The…

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Q: On March 20, 2016, Ellen borrowed Php36,500 from Elmer. She promised to pay the principal and 11.75%…

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Q: ar-old Ahmet, after graduating from school, wants to make a retirement plan for his future with the…

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Q: elena wants to invest in a trust fund. she borrows from a credit cooperative that charges 8% simple…

A: Formula of Simple Interest: A=P1+rt where A= Final amount P= Initial Principal Balance r= Annual…

Q: 17. CASINO Wyatt Construction borrowed $157.25 million during the construction phase of adding a…

A: Given problem is :

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Q: A cellular phone may be purchased at 1,500 php payable monthly for 18 months. The first payment is…

A: Calculate the rate of interest at which the installment is paid. r=12100×18=0.0067%

Q: 3. I owe P10,000 due at the end of 3 years without interest. What should my creditor be willing to…

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Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

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Q: pays

A:

Q: 16. Melissa Silva borrowed $4,200 from the bank. If she has already repaid of the loan, what is the…

A: As per the company guidelines we can solve first question. I hope that the given solution will help…

Q: 1. Radin brought a car that cost RM120,000. The useful life of the car is eight years. If the…

A: The given question can be solved as shown in step2.

Q: Calculate the cash discount and the net amount due the transaction (in $). Amount of Terms of…

A: the cash discount and the net amount due the transaction (in $). Amount of Invoice amount of  Terms…