Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. Due Dec.31,1980. However, with consent of Pedro, Jose is allowed to discharge the debt by paying P 9,000 on Dec.31,1979, and a final payment, including the accrued interest on Dec.31,1981. If interest is 8% determine the amount of the final payment compounded annually.
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- Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. due Dec.31,1980. However, with consent of Pedro, Jose is allowed to discharge the debt by paying P 9,000 on Dec.31,1979, and a final payment, including the accrued interest on Dec.31,1981. If interest is 8% determine the amount of the final payment compounded annually. Show the problem completely and clearly.On August 1, 1990 Mr. Talamos borrows 9,500 and agrees to pay the compound amount on the day he pays the debt. If interest is at the rate of 5 ½% compounded quarterly, how much must Mr. Talamos pay to discharge his obligation on January 1, 15, 2001.10. Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. due Dec.31,1980. However, with consent of Pedro, Jose is allowed to discharge the debt by paying P 9,000 on Dec.31,1979, and a final payment, including the accrued interest on Dec.31,1981. If interest is 8% determine the amount of the final payment. compounded annually,
- Mr. Abella owes Mr. Divinagracia the following obligations. (1) P100 due at the end of 10 years.(2) P200 due at the end of 5 years with accumulated from to-day at 5% semi-annually.(3) P300 due at the end of 4 years with accumulated interest from to-day at 4% compounded annually,Mr. Abella will be allowed to discharge his obligations by two equal payments at the ends of the 3rd and 6th years. Divinagracia admits that money is worth 6% compounded semi-annually, what would be Mr. Abella's equal payments?Robert received a note with a face value of P 40,000 as a fee for the services she rendered to the client. The note is a non – interest bearing and is payable within a year. The prevailing market rate of the note is 10%. The present value factor of 10% annuity of P 1 is .909. What is the amount of income to be reported upon receipt of the note? At the end of the taxable year?Mr. Delos Santos owes Mr. Apolinario the following obligations:a. P250 at the end of every 2 years for 8 years at an interest rate of 2%.b. P430 due at the end of 6 years at an interest rate of 8% compounded quarterly.c. P375 due at the end of 5 years at an interest rate of 3% compounded monthly. Mr. Delos Santos will be allowed to discharge all his obligations at the end of the 6th year.Determine the following:1. Total present amount of the obligations.2. Total future amount of the obligations after 10 years
- Higuel owes $650 in 3 years and $1500 in 8 years. However, Miguel is unable to meet his $650 obligation at the end of 3 years. By mutual agreement with the lender Miguel is allowed to pay off both obligations at the end of 6 years based on a simple interest rate of 17.25%. Determine the amount required to settle the dette at the end of 6 years. In text only pleaseHiguel owes $650 in 3 years and $1500 in 8 years. However, Miguel is unable to meet his $650 obligation at the end of 3 years. By mutual agreement with the lender Miguel is allowed to pay off both obligations at the end of 6 years based on a simple interest rate of 17.25%. Determine the amount required to settle the dette at the end of 6 years. In text only please, previous one was wrong whoever done that skip pleaseEdward borrowed an amount to his friend and promised to pay the principal amount and accumulated interest within 8 years at a simple interest rate of 15.118%. As what was agreed upon, Edward must pay two separate payments, one at the end of 3 years with an amount equivalent to half of the loan and the interest accumulated for the first 3 years, and a final payment at the end of 8 years. If he paid a total amount of P15.855 on his first payment, determine the following: Determine the total principal amount borrowed. Amount paid at the end of 8 years. Accumulated interest at the end of 3 years.
- Eight months ago, Louise agreed to pay Thelma $750 and $950, 6 and 12 months, respectively, from the date of the agreement. With each payment, Louise agreed to pay interest on the respective principal amounts at the rate of 6.5% from the date of the agree-ment. Louise failed to make the first payment and now wishes to settle her obligations with a single payment four months from now. What payment should Thelma be willing to accept if money can earn 4.75%? r= rate of interest p= present value s= future value t= timeEric deposits X into a savings account at time 0 that pays interest at a nominal rate of i, compounded semiannually. Mike deposits 2X into a different savings account at time 0 that pays simple interest at an annual rate of i. Eric and Mike earn the same amount of interest during the last six months of the 8th year. Calculate i.Nine months ago, Muriel agreed to pay Aisha $1,400 and $800 on dates 6 and 12 months, respectively, from the date of the agreement. With each payment Muriel agreed to pay interest at the rate of 7% from the date of the agreement. Muriel failed to make the first payment and now wishes to settle her obligations with a single payment four months from now. What payment should Aisha be willing to accept if money can earn 5 1/2 % ?