Lia plans to buy a house for Php 157,950. She wants to make a down payment of Php 24, 937 and to take out a year 29-year mortgage for the remaining amount. If money is compounded monthly at 6.75%, how much must she pay each month?
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- Lia plans to buy a house for Php 150702. She wants to make a down payment of Php 22887 and to take out a 28-year mortgage for the remaining amount. If money is compounded monthly at 6.42%, how much must she pay each month?Lia plans to buy a house for Php 158482. She wants to make a down payment of Php 23912 and to take out a 25-year mortgage for the remaining amount. If money is compounded monthly at 6.65%, how much must she pay each month? Round off to two decimal places.Soledad decides to have P2,100 at the end of each quarter, which is the amount paid into her retirement plan by the company where she works. If she chooses an investment fund that guarantees 7% per year compounded quarterly, how much will she have in 12 years? A P50,000 loan is payable in 3 years. To repay the loan, the debtor must pay an amount every months with an interest rate of 6% compounded semi-annually. How much should he pay every 6months? Gina has decided to make quarterly payments of P8,200 at the end of each quarter for 10 years into an investment that he thinks will yield 10% compounded quarterly, what lump sum deposited today that will result to the same future value?
- 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.Anna decides to save Php 2 750 at the end of every 6 months, which is the amount paid into her retirement plan by the company where she works. If she chooses an investment fund that guarantees 8% per year compounded semiannually, how much will she have in 10 yearsMystia Green is considering the purchase of a house, which will cost her $450,000. She will borrow the entire purchase price and make monthly payments over the next twenty years. The first payment is due next month, and the interest rate is 6.50% per annum (p.a.), compounded monthly She will owe $_________on the house immediately following the 121 st payment.
- kenzo decided to buy a brand new car worth php 1, 200, 000 and plan to amortize the loan in monthly installments for 3 years with 50% down payment in 6% interest. How much will be the monthly installment?Abel wants to determine the amount of money he would obtain from the interest of PHP 2,000 at 16% compounded quarterly for 5 years. How much will she receive?Roberto and Micah plan to purchase a home for $225,000. They will pay 20% down and finance the remainder for 15 years at the APR of 3.7%, compounded monthly. a) How large are the monthly payments? b) What will be their loan balance right after they have made their 180th payment? c) How much interest will they pay during the 15th year of the loan? d) If they were to increase their monthly payments by $100, how long would it take to pay off the loan? Give your answer in whole months.
- Pablo wants to borrow PHP 1.7M from a bank and plans to repay the same amount in 8 years. If the bank charges 10% interest to be deducted in advance, what size of loan should Pablo apply for?Margarita borrows R10,000 from her uncle and agrees to repay it in monthly instalments of R200. Her uncle charges 0,5% interest per month on the balance. How long will it take her to repay all the money?) Andrea is arranging a $90,000 mortgage loan from her bank. The mortgage is to be amortized by making monthly payments over 20 years. The interest on the loan will be 7.9% compounded semiannually. What is the size of the monthly payments? ____________ What is the outstanding balance after two years (i.e. 24 months)? __________ If Andrea chooses to pay $800 per month to pay off the $90,000 mortgage, how many payments are needed to pay off the debt? ___________ What is the size of the final payment? ____________
