If you obtain a loan of P 1.0 M at the rate of 12% compounded annually in order to build a house, how much must you pay monthly to amortize the loan within the period of ten years?

Q: Mr. Barela's monthly amortization is P3,500.00, payable at the end of each month. His house and lot…

A: GIVEN   Mr. Barela's monthly amortization is P3,500.00, payable at the end of each month. His…

Q:

A: As per the given information: Amount of loan - $164,000 Rate of interest - 8% Period - 11 years To…

Q: What is the required quarterly payment to repay a loan of $30,000 in six years? If the interest rate…

A: Computation:

Q: Engr. Odon is paying a loan five thousand pesos 5% monthly for 3 years. If the payment is to start…

A: future value formula: future value =present value ×1+rn where r=rate of interest n=number of years…

Q: Determine the monthly payment if you take out a loan for $ 330000 with an annual interest rate of…

A: in this we have to calculate present value FACTOR and than find out monthly payment.

Q: A borrower obtains a fully amortizing loan for $80,000 at 10 percent for 7 year. Payments are…

A: A mortgage is a loan that allows a buyer to acquire a house or other real estate property and repay…

Q: What will be the balance at the end of the tenth year on a monthly payment $130,000 loan with a…

A: Given: Loan : $130000 Amortization Year = 30 Years Annual rate = 5.75% Number of years payment made…

Q: Determine the monthly payment if you take out a loan for $ 220000 with an annual interest rate of 9%…

A: Given information: Loan amount is $220,000 Annual interest rate is 9% Number of years is 15 years

Q: Use the appropriate formula to find the amortization payment (in $) you would need to make each…

A: As monthly payment needs to be paid, monthly interest rate should be considered. Annual interest…

Q: Carlo paid P 13,500 after two years to fully pay his loan that costs P 10,000. What is the interest…

A: Loan to be repaid on maturity = C* ( 1+i)n Where C is the amount of loan borrowed  i is the periodic…

Q: Suppose you have $2,100 and plan to purchase a 10-year certificate of deposit (CD) that pays 13.1%…

A: Value when the CD matures = 2100 x (1 + 0.131)^10 = $7191.93

Q: What will be the monthly payment on a home mortgage of $75,000 at 12% interest, to be amortized over…

A: Loan amount (P) = $75,000 Interest rate = 0.12 Monthly interest rate (i) = 0.01 (i.e. 0.12 / 12)…

Q: You borrow $5000 at 10% per year and will pay off the loan in 3 equal annual payments starting one…

A: Calculation of Payment at the end of Year 2:The interest payment is $348.94 and principal payment is…

Q: Engr. Odon is paying a loan five thousand pesos 4% quarterly for 3 years. If the payment is to start…

A: present value of annuity: pva=A×1-11+rmm×nrm where, A=annuity r=rate of interest m=frequency of…

Q: How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth…

A: Loan amount = P1,400,500  Interest rate = 518% = 418% = 5.125% Time period = 20

Q: You plan to deposit $900 PER YEAR into an account earning 5.25% interest compounded annually. How…

A: Since you posted multiple questions ,we will solve the  second page last question for you. if u want…

Q: a) i) Ali is paying off a loan by making $50 payments at the end of every month for 2 years, at 6%,…

A: Loan is a borrowed amount taken for the purpose of completing the shortage of funds. When an…

Q: a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000? b) Thirty-six…

A: Future Value = Present value ( 1 + i )n

Q: 2. Gigi buys a car for P250,000 down payment and 36 deferred semi- annual payments of P25,000 each…

A: Present value of investment = down payment + loan amount. Loan amount = present value of all loan…

Q: If you want to be paid from a 15 year ordinary annuity with a guaranteed rate of 4.277% compounded…

A: Annual payment (C) = $10,000 Period (n) = 15 Years rate (r) = 0.04277 (i.e. 4.277%) Present value or…

Q: What would be r in this problem? A P100,000 loan is to be paid monthly for 2 years with an interest…

A: Interest rate = 10% per annum semiannually compounded Compounding frequency = 2 Let the monthly…

Q: If you took out a 30-year loan to buy a house for $1 million at an interest rate of 5%, how much…

A: The present value of monthly payments should equal the loan value.

Q: Given a principal amount of P500,000 and an interest rate of 5.08% per year, construct a loan…

A: Loan amortization schedule: It implies to a detailed table that shows the periodic loan payments…

Q: If I will loan a house and lot worth P6.3M cash and with a little discussion and transaction with…

A: In this question the monthly payment needs to be calculated and the future worth of the overall…

Q: Determine the monthly amortization for a 5-year car loan worth P800,000 at a 5.5% interest rate,…

A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…

Q: You have approached Which Bank for a loan to buy a house. The bank offers you a $400 000 loan,…

A: Given Information:Loan amount is $400,000 Interest rate is 9% (compounded monthly) Loan tenure is 20…

Q: If you borrow $800 for 6 months at 4% annual simple interest, how much must you repay at the end of…

A: Borrow amount (principal)= 800 Interest =4% Period =6 months

Q: If you lend $3000 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: Future Value of Loan = Amount of Loan + interest on Loan

Q: You obtain a loan of 1.5M at the rate of 18% compounded annually in order to build a house. The…

A: Here, Loan Amount is 1,500,000 Interest Rate is 18% compounded Annually. Time Period is 1 year…

Q: If you lend $3200 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: Calculate the future value as follows: Future value = Amount + Interest Future value = Amount +…

Q: A loan is to be repaid quarterly for 5 years that will start at the end of 2 years. If interest rate…

A: The Loan amount will be equal to the present value of payments today. Effective quarterly interest…

Q: A man intends to buy a machine via loan. He does so by depositing a down payment followed by…

A: In this we need to find present value of both and from that we can get initial deposit.

Q: Ruth availed of a cash loan that gave her an option to pay P5,000 monthly for 1 year. The first…

A: Periodic Payment = P5,000 Time Period = 1 Year  Frequency = 12  Interest rate = 5% Compounded…

Q: What amortization payment (in $) would you need to make each month at 12% interest compounded…

A: MONTHLY PAYMENT (PMT) FORMULA: PMT=P×rm1-1+rm-m×n P=principal  r=rate of interest m=frequency of…

Q: If you borrow $25,000 from a local finance company and you are required to pay $4,424.50 per year…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Q: ow $ 150,000 for a house with 10% down payment at 8% compound annual interest rate for 30 years,…

A: The given problem can be solved using PMT function in excel. PMT function computes installment…

Q: Find the simple interest and the full amount/future value for a loan of S3,600 for 3 years at a rate…

A: A loan is an agreement between two parties where a sum is given in return for it being paid back…

Q: Determine the monthly payment if you take out a loan for $ 200000 with an annual interest rate of 7%…

A: Installments are to be paid monthly Amount Borrowed $200,000 Rate of interest 7%…

Q: What amortization payment (in $) would you need to make each month at 24% interest compounded…

A: in this you have to calculate monthly interest and period to monthly period and than from table you…

Q: hat is the monthly payment of a loan of 140000 with a fixed rate of 6.5 Apr  for 15 years  what…

A: Using the PMT function in excel

Q: An investor pays $200 per month into a real estate investment that promises to pay an annual rate of…

A: COMPOUNDED MONTHLY C D RATE (8%/12) 0.66667% NPER (n)  5*12 PMT 200 PRESENT VALUE 0

Q: Determine the monthly payment if you take out a loan for $ 240000 with an annual interest rate of 7%…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: what will be your monthly​ payment?

A: Sum of money borrowed if not paid immediately, then over a period of time as per agreement is…

Q: What amortization payment would you need to make every month, at 12% interest compounded monthly, to…

A: Monthly Payment is the payment that is to be paid monthly for a specific period of time to repay the…