Mrs Angngad acquired a loan of P50000 from a credit union that charges interest of 16% compounded quarterly. She promised to settle her obligation by making quarterly payments for 3 years. Find her quarterly payment

Q: As part of your retirement planning, you purchase an annuity that pays 5.25 % annual  interest…

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Q: Find the amount of an annuity that consists of 16 quarterly payments of $300 each into an account…

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Q: Keith sets up an ordinary annuity with a 7.2% interest rate compounded monthly. If Keith plans to…

A: Here we will find out Keith's accumulated amount after 16 years.

Q: A newly married couple bought a house for P175,000. They paid 20% down and amortized the rest at…

A: A newly married couple bought a house for P175,000. They paid 20% down payment and amortized the…

Q: Kathy Crag, the owner of The Fabric Corner, lent $15,000 to Dani Flynn to open her own card shop.…

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Q: Ms. Sherlyn borrowed $50000 for six years at 12% annual interest rate compounded monthly. If both…

A: Problems related to compound interest with the given data

Q: What Is the monthly payment for a $14,000 loan for 6 years with an annual interest rate of 3.8%?

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Q: What single payment today would replace a payment of $1,250 in 2 years and a payment of $5,500 in 5…

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Q: Peggy made a down payment of $400 toward the purchase of new furniture. To pay the balance of the…

A: Step-by-step solution Step 1  We have to find the purchase price of the furniture (P=?)…

Q: Mr. Eugenio bought a house and lot at a cash value of 12,000,000.00 php. He made a down payment of…

A: Solution: 12,000,000 -2,000,000 = 10,000,000 Loan Amount 10000000 Number of years 20 Interest…

Q: Grandma Riley wants to help Scott while he's in college by giving him a $220 monthly allowance for 5…

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Q: Ms Daisy bought a car. After paying the down payment, the amount of the loan is Php 500,000 with an…

A: As per our guidelines we are only supposed to solve first three parts of multiple questions

Q: Tara bought a property by agreeing to make semi-annual payments of $2000 for twelve years. If the…

A: First we need to find the future value or the total amount paid by Tara. Then we can find the…

Q: Find the amount of ordinary annuity based on the information given. R = $4200, 6% interest…

A: Given, R = $4200, i=6% interest compounded semiannually for t=11 years where S is amount and i is…

Q: A contractor bought a concrete mixer at P 140,000 if paid in cash. The mixer may also be purchased…

A: Given : Principal = 140000 Time = 5 years Rate per annum = 8%

Q: What payment is required at the end of each month for 10 years to repay a $200,000 mortgage if…

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Q: Wayne was late in making a $3,500 payment to Dora. If Dora accepted a payment of $3,801.75 and…

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Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

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Q: A sailboat costs $27,434. You pay 15% down and amortize the rest with equal monthly payments over a…

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Q: What is the monthly payment on a 30 year, $627,000 mortgage, with an interest rate of 4%, compounded…

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Q: Shaun Murie wants to expand his pharmacy. To do this, he takes out a bank loan of $49,275 and agrees…

A: Solution:Given    P=$49,275     r=12.2%=0.122n=48 months=4 yearTo find the amount of each payment…

Q: Toni Torres wants to save $1,200 in the next two years to use as a down payment on a new car. If her…

A: Amount = $1200 Interest = 9% 2 years = 24 months

Q: Find the payment necessary to amortize a 12% loan of $1700 compounded quarterly, with 8 quarterly…

A: Solution

Q: An $82,000 business can be purchased by making a down payment of $17,000 and financing the balance…

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Q: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

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Q: Hewlett Plastics Inc. received a loan of $57,500.00 at 3.75% compounded quarterly to purchase…

A: We know formula for compounded interest:A=P1+rnntwhere A= Principal amount +total interest amount,…

Q: What is the monthly payment on a 20 year, $577,000 mortgage, with an interest rate of 6%, compounded…

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Q: Suppose that 10 years ago you bought a home for $120,000, paying 10% as a down payment, and…

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Q: balance on the loan at the end of year 4?

A: We have to find out the balance on the loan at the end of year 4. Loan amount is $495,000 and the…

Q: Mrs. Reyes plans to build a a two - door apartment on her vacant lot. She applied for a loan of…

A: Given Principal amount = 1,750,000 php time = 4 years rate of interest= 10% number of times the…

Q: Mr. and Mrs. Onez bought a house and lot with a down payment of P1,000,000.00 and a yearly payment…

A: Given down payment =106, yearly payment =2×105

Q: What is the present value of a loan when a monthly payment of P3, 250 is needed to extinguish for…

A: To solve the given problem we shall use the following formula…

Q: Today, Dora bought a condominium unit valued at ₱2,500,000.00. After making a down payment of…

A: We can use this formula to calculate the final amount, A = P1+rnnt, here P is 2,500,000-250,000 =…

Q: Danielle wants to purchase a new TV for $1215.00 including taxes. If she puts it on a line of credit…

A: We have to calculate the final amount after 2 years of time period. This problem can be solved using…

Q: Ms Daisy bought a car. After paying the down payment, the amount of the loan is Php 500,000 with an…

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Q: The payment on a 15 year loan at 9.36% compounded weekly is $180. Calculate the amount of the loan.

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Q: What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the monthly…

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Q: An insurance settlement of $750,000 must replace Laura's income for the next 40 years. What income…

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Q: What is the present value of an annuity that pays ? per month for 10 years, where ?= 2055 if money…

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Q: If Sandy can afford car payments of ​$430 per month for 7 ​years, what is the price of a car that…

A: We have to find the price of a car that Sandy can afford​ now.

Q: ohn wants to set up a fund for her son's education such that she could withdraw $2,214.00 at the…

A: Given information Quarterly payment P=$2,214 Interest rate r=3.50% Now, quarterly interest rate…

Q: As part of his retirement planning, Mr. White purchases an annuity that pays 8.5% compounded…

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Q: Linda and Casey have a $126 000 mortgage at 5.15% per year on their two-bedroom house. Determine the…

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Q: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity at…

A: Given: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity…

Q: ABC Corp. recently obtained a 30-year (360-month), P250,000 mortgage with a 9 percent nominal…

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Q: Karen gaines invested $15,000 in a money market account with an interest rate of 2.75% compounded…

A: Given information:Principal amount (P)= $15,000Rate of interest (r)= 2.75% = 0.0275Time (t) = 4…

Q: What is the total interest paid on a 30 year mortgage for $235,000 if it is charged 7% interest,…

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Q: What is the monthly payment on a 20 year $577,000 mortgage with an interest rate of 6% compounded…

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Q: A loan of P 50,000 is-to be amortized by paying quarterly in 1 year. If money is worth 10%…

A: Since you have posted multiple questions and we can answer one question. So, answered question…