Mr Reyes borrows P600000 at 12% compounded annually agreeing to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 10th payment?

Q: Alexander Michael owes P25,000.00 due in 1 year and P75,000 due in 4 years. He agrees to pay…

A: Amount owed in one year = 25,000 Amount owed in four years = 75,000 Amount paid today = 60,000…

Q: A man pays his debt in the following manner: P718 after 1 yr., and decreases P100 every year up to…

A: The accumulated value at the end of the 6th year will be the future value of the payments made at…

Q: Mr. Ayala borrows P1,000. In 4 years, the money become P2,500 compounded bimonthly. Find the nominal…

A: Borrowed amount (P) = P 1000 Period = 4 Years Number of compounding per year (m) = 6 Number of…

Q: Today, a businessman borrowed money to be paid in 10 equal quarterly payments starting at the end 2…

A: The amount borrowed can be calculated as the present value of quarterly payments, The present value…

Q: Mr X borrowed P100k at 5% per month payable in 60 equal end the month payments. a). How much of the…

A: Loan Amount           P 1,00,000.00 Time Period (Months) 60 Interest rate (Months) 5%

Q: An engineer is entitled to receive P25,000 at the beginning of each year for 18 years. If the rate…

A: Solution 1: Present value of annuity = P25,000 * Cumulative PV factor at 4% for 18 periods of…

Q: Nicole loans P900,000 from bank today which gives her 10% interest rate compounded annually. Based…

A: Loan amount (L) = P 900000 r = 10% n = 10 payments Let the annual payment = A

Q: Mr X borrowed P100k at 5% per month payable in 60 equal end the month payments. a) How much of…

A: Loan amount = P 100,000 Annual interest rate = 5% Monthly interest rate = 5%/12 = 0.416667% Number…

Q: Andy borrowed P20,000 with interest at 4% compounded quarterly. He agreed to pay P1,500 at the end…

A: Given: Loan =P20,000 Interest rate = 4% compounded quarterly So, quarterly rate = 0.04/4 =1%…

Q: Mr. Ramos is considering to pay his outstanding balance after 3 years of payment. The original…

A: PMT function: The PMT function is a type of financial function which helps to determine the total…

Q: 3. Kidoh paid a 12% down payment of P250,000 for a house and lot, and agreed to pay the balance of…

A: Equated monthly instalment is related to payments, and is used to make payments for repaying an…

Q: Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal annual…

A: When the interest is computed on the principal amount as well as on the amount accumulated in the…

Q: randon Rockwell owes P200,000.00 with interest at 5% payable semi-annually. What equal payments at…

A: Solution Given Amount due 200000 Interest rate 5% Compounding Semi annual…

Q: How much of the original principal is still unpaid after he has made the 8th payment?

A: Get the annuity first using P = 600000,i =12%= 0.12 , n = 15 P= A*(1-(1+i)^-n)/i…

Q: Mr. Jones borrowed P150,000 two years ago. The terms of the loan are 10% interest for 10 years with…

A: The money can be raised by borrowings in the form of loan. The loans can be obtained from the banks,…

Q: 5. Mr. Eden borrows from the bank P600, 000 at 12% pa compounded quarterly, agreeing to pay the loan…

A: First we need to calculate loan amount after 1 year by using compounding interest formula given…

Q: MARIA LOANED AN AMOUNT OF P100,00.00 PAYABLE IN 15 EQUAL QUARTERLY INSTALLMENTS THE FIRST PAYMENT…

A: Loan Amount = P100,000 Time Period = 15 Quarters Interest Rate = 10% compounded bi-monthly

Q: Bill Mitselfik borrowed $10,000 to be repaid in quarterly installments over the next five years. The…

A:

Q: Akbar has borrowed $48,000 today and agreed to repay it in 5 years with monthly payments at the…

A: Given information: Amount borrowed is $48,000 Interest rate is 2.60% Number of years is 5 years

Q: Mr. J. Dela Cruz borrowed money from a bank and he receives P1,340.00 and promised to pay P1,500 at…

A: Note: The question provided are two separate ones. In the first one, I have calculated both the…

Q: Hazli borrows an education loan from Usaha Bank for RM24,000. The payments will be made in…

A: Loan amount (PV) = RM24,000 Interest rate (r) = 10% Number of annual payments (n) = 5

Q: 1. Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal…

A: Loan amount = P 600,000 Annual interest rate = 12% Number of annual payments = 15

Q: years ses to pay Ph How much is the payment on the fourth year if money is worth 16% compounded…

A: In this we need to calculate the present value of all and than calculate the required amount.

Q: A man loans P187,400 from a bank with 5% compounded annually. He agrees to pay his obligations by…

A: Loan amount (PV) = P 187,400 Interest rate = 5% First payment period (t) = 10 years Number of annual…

Q: William got a second loan for 78,000 dlls to be payable in 5 years with interest rate of 7.5 percent…

A: Loan amount (PV) = 78000 Period = 5 Years Number of monthly payments (N) = 5*12 = 60 Annual interest…

Q: Today, a businessman borrowed money to be paid in 10 equal quarterly payments starting at the end 2…

A: The amount borrowed can be calculated with the help of present value of annuity function. The…

Q: 1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each…

A: The periodic payment is calculated by dividing the loan amount from the present value factor. It…

Q: Kate owes P120 000 due in 4 years plus the accumulated interest from today at 13% compounded…

A: Loan amount today (L) = P 120000 Loan amount is due in 4 years. r = 13% per annum = 3.25% per…

Q: Gloria borrows P100,000 from a lending institution which changes an interest rate of 16% compounded…

A: Formula for finding Annual Payment =[Interest rate*Borrowed Amount]/[{1-((1+Interest rate)^(-Number…

Q: If I loaned an amount of P10,000.00 with an interest rate of 8.44 % compounded monthly for 5 years.…

A: Loan amount = P 10,000 Annual interest rate (AR) = 8.44% Number of compounding per year (m) = 12

Q: A man borrowed P400,000 from a lending institution which will be paid after 10 years at an interest…

A: Compounding is a process where the investor or trader pays interest on interest. In this, the…

Q: Mr. Reyes borrows P600 000 at 12% compounded annually, agreeing to pay the loan in 15 equal annual…

A: The information given is Loan amount = 600,000 Interest rate = 12% compounded annually N=15…

Q: Jack has borrowed $1,000,000 from MQ Bank for 10 years at an interest rate of j2=3.11%. He will make…

A: Loan Amount $ 1000,000 Interest rate 3.11% Annual Installment 10

Q: Mr. Espinoza's debt of P160,000 is amortized by making equal payments at the end of every three…

A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…

Q: Mr. Reyes borrows P600,000 at 12% compounded annually, agreeing to repay  the loan in 15 equal…

A: We need to use present value of ordinary annuity formula to calculate equal payment. PMT…

Q: 4. A man paid 10 % as down payment of P200,000.00 for a house and lot and agreed to pay the balance…

A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…

Q: Mr. Reyes borrows P600, 000 at 12% compound the loan in 15 equal annual payments. How muc unpaid…

A: Loans are paid by the periodic payments that are paid equally annually and they carry payment of…

Q: Mr. Santos borrowed P180,000.00 two years ago. The terms of the loan are 10% interest for 10 years…

A: The question is based on the concept of Financial Management.

Q: A man borrowed P 150,000.00 at 7% compounded monthly. If he is required to pay P 10,000.00 on the 1…

A: The borrower is required to pay regular payments every period to repay the debt.

Q: You borrow 10.000 USD for 4 years to be paid with equal installments. The rate is 10%  a-what is…

A: Remaining principal after a certain time period denotes the outstanding principal at the end of that…

Q: 3) You are loaned 810,000 at an effective annual interest rate of i = 7% and agree to pay this back…

A: The loan refers to the amount that a borrower takes from the lender at a fixed rate of interest for…

Q: A man pays his debt in the following manner: P885 after 1 yr., and decreases P100 every year up to…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: month. If the bank pays 0.250% compounded monthly, how much will her money be at the end of 6 years?…

A: Note: It is a case where the number of questions asked is more than one and the question 5 is…

Q: A man borrowed P20000 and promised to pay P35000 at the end of 5yrs. If interest is compounded…

A: Borrowed amount (P) = P 20000 Promised amount to be paid (F) = P 35000 n = 5 years = 10 semiannual…

Q: Jill borrows $300,000 for 10 years at a fixed interest rate of i % p.a (EAR). If the loan is repaid…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: Mr. Rabutan borrowed P150,000. He agrees to pay the principal plus interest by paying an equal…

A: The payment of equal amounts at equal intervals for a definite period at a specific interest rate is…

Q: Roberto borrows $7000. The loan is to be repaid in 10 yr at 11% interest compounded annually. How…

A: Present value of a future cashflow(F) can be defined as the current amount that should be invested…

Q: Bench loaned P10000 in a bank to be paid after 3 years with an interest of 10% compounded semi-…

A: First loan (L1) = P 10000  n = 3 years = 6 semiannual periods r = 10% per annum = 5% semiannually…

Q: 5. Čarl borrowed 100 000. He agrees to pay the principal plus interest by paying an equal amount of…

A: Annual Loan Repayments shall comprise of both Interest and Principal repayment of the loan. It shall…