ow much would be the final payment to be made by Karlo for his loan of P45,000 payable in 12 months with simple interest rate of 12% if he paid P5,000 monthly in the first six months and P10,000 on the tenth month respectively?

Q: Brooke had to make a payment of $2,900 in 10 months and $1,350 in 17 months, to a raw material…

A: Simple interest is based on the principal amount of a loan or the first deposit in a savings…

Q: Suppose you borrow P dollars from a bank at a monthly interest rate of r and you make monthly…

A:

Q: 1. A man buys a used car for $600 and agrees to pay $100 down and $100 per month plus interest at 6…

A:

Q: . Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a…

A: Answer a. Face Value = $1,000 Annual Coupon Rate = 7.00%Annual Coupon = 7.00% * $1,000Annual Coupon…

Q: An auto dealership is advertising that a new car with a sticker price of $34,128 is on sale for…

A:

Q: a. Annual payments of 8,000 for 12 years that will start 7 years from now. b. Quarterly payments of…

A:

Q: You have found an annuity that will pay 4.75% annually and you plan to put $1,000 into the annuity…

A:

Q: Suppose you take out a loan for 160 days in the amount of $14,000 at 7% ordinary interest. After 40…

A:

Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…

A:

Q: How much would be the interest when Bankers Rule was use if a principal of P86, 000 borrowed for 425…

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Q: Carl is the beneficiary of a $25,000 trust fund set up for him by his grandparents. Under the terms…

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Q: 1. Shirly started to deposit 18,000 semi-annually in a fund that pays 5% compounded semi-annually.…

A:

Q: The agreement for leasing a new car with a purchase price of $21,000.00 includes a down payment of…

A: To own the car, we need to pay the down payment, monthly instalments for 4 year and then last amount…

Q: Suppose you take out a loan for 160 days in the amount of $12,000 at 7% ordinary interest. After 40…

A:

Q: A car is to be purchased in monthly payments of 19,500 php for 5 years strating at the end of 3…

A: Given: Car monthly payment=19500 for five years Interest rate=10% To find: Cash value of the car.

Q: Julia had to make a payment of $2,000 in 10 months and $2,250 in 18 months, to a raw material…

A: Given :  Julia had to make a payment of $ 2, 000 in 10 months and $ 2,250 in 18 months and a simple…

Q: Ali is deciding on buying a 4-storey building to expand his business. Currently he was offered with…

A: To determine which of the below two offers is best for Ali. (A) Immediate cash purchase of…

Q: A businessman needs P50,000 for his operations. One financial institution is willing to lend him the…

A: Interest problem

Q: 2. What equal payments at the beginning of each 2 months for 4 years will discharge a debt of P 18o,…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: 2. Mr. Layug had a 43,000-peso business loan that is to be paid in 8 months. If interest rate is 8%…

A: As per the guidelines we can solve 3 parts only

Q: Jason loans $2000 to his sister, Rebecca, for 2 years at 3% simple interest. (a) How much interest…

A:

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: What interest would be charged on a loan of $3000 at 4% interest for 1 ½ years?

A: Given information,

Q: A house costing RM120,000 cash is purchased by making a down payment of RM40,000 and the balance is…

A: As you asking multiple questions , I do only first question.

Q: A debt of RM1200 due in four years and RM1000 due in six years is to be repaid by a payment of…

A: A debt of RM1200 due in four years and RM1000 due in six years isto be repaid by a payment of RM1000…

Q: I will invest P15,000 per quarter for my retirement at 7.3% compounding quarterly for 10 years. I…

A: Here,  Pmt=15,000r=7.3%n=4t=10

Q: Olivia was planning to replace the old car of his father when it retires after four years with a…

A: Given: at t1 ,deposit (D1)=$ 10,000at t2 ,deposit (D2)=$ 10,000at t3 ,deposit (D3)=$ 10,000Rate of…

Q: new brand of cell phone is for sale in SM at ₱ 13,499.00 in cash or in instalment terms, ₱ 2,500.00…

A: Cash price of the cell phone= ₱13,499.0 In installments, Payment will be = ₱15,687.78 ∵…

Q: You can buy a car for $25,200 or lease the same car for three years for a down payment of $1,500 and…

A: From the given information, it is observed that the basic price of the car is $25,200. If the car is…

Q: A road building contractor has received a major highway construction contract that will require…

A: find the solution below

Q: If you buy a computer directly from the manufacturer for $2,241 and agree to repay it in 48 equal…

A: Let, Present value=p=2241 Rate of interest per month = r=1.7%=0.017 Number of months=n=48 and m be…

Q: 12) As part of his retirement planning, Mr. Allen purchases an annuity that pays 19 % compounded…

A: According to the given information, Rate of annuity (r) = 19% Yearly payment = $3500 Time (n) = 2.5…

Q: As a settlement for an insurance​ claim, Craig was offered one of two choices. He could either…

A:

Q: Jeremy had an agrrement to repay payments of $6,500 in four years and $11,225 in seven years. How…

A:

Q: Suppose that you borrow ​$3000.00 from a friend and promise to pay back ​$4845.00 in 3 years. What…

A:

Q: 3. If a sum of money amounts to $ 6200 in 2 years and $ 7400 in 3 years under simple interest, then…

A: Principal= $ 3800  For detail go through the solution...I have solved step by step in detail

Q: If you buy a computer directly from the manufacturer for $3,324 and agree to repay it in 60 equal…

A:

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: If you plan to buy a car in 2 years and expect to need $2000 for a down-payment, how much should you…

A: Future value of ordinary annuity  FV=R1+in-1i Where 'R' is regular periodic deposit amount, 'i' is…

Q: 4. The buyer of a certain machine may pay either Php 20,000 cash down payment and Php 20,00o…

A:

Q: You need a 30-year, fixed-rate mortgage to buy a new home for $250,000. Your mortgage bank will lend…

A: The payment made by the investor for the mortgage loan The purchase rate of house worth $250,000 and…

Q: A man pays P 103,869 every end of six (6) months for a car bought on installment terms. If the man…

A:

Q: A manufacturing company purchased electrical services for the next 5 years to be paid for with…

A: Net Present Value of Initial Option with 15% rate = -94999.20292 Refer the table below for details…

Q: a. Annual payments of 8,000 for 12 years that will start 7 years from now. b. Quarterly payments of…

A: Given : (a) Annual payment of 8000 for 12 years that will start 7 years from now (b) Quartely…

Q: 3. I owe P10,000 due at the end of 3 years without interest. What should my creditor be willing to…

A: The borrower owes P10,000 due at the end of 3 years without interest. At 7% simple interest the…

Q: If you borrowed $12,000 for 8 months at 7% annual simple interest, how much must you repay at the…

A: Using the formula A = P (1+r)t Where A : amount to be paid               P : Principal that is…

Q: Use PMT = to determine the regular payment amount, rounded to the nt nearest dollar. In terms of…

A:

Q: Payment of $882 due 1 month ago and $498 due today are to be repaid by a payment of $400 one month…

A:

Q: A man bought a lot worth P1.2M if paid in cash. On the installment basis, he paid a down payment of…

A: In this question, we have to calculate simple interest of last 2 year. As given on this question.

Q: To supplement your planned retirement in exactly 42 years, you estimate that you need to accumulate…

A: a)To get the amount of each annual payment (PMT) ;   PMT={FVA _{42}} ÷(\frac{(1+0.08)^{42}-1}…