Racho Labs Inc. obtains a loan of 1,500,000 php, with 8% interest rate compounded quarterly, for the construction of a new clinic in Bohol. The owner will repay the 1 loan by payments made quarterly for 10 years. How much is the quarterly payment that the owner should pay? A Php5,714.29 B Php53,125.94 Php23,125.94 Php35,714.29

Q: Leo Jeriel borrowed Php 3,785 from a friend and promised to repay him in 9 months plus 12% interest.…

A: We want to find simple interest

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

A:

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

A:

Q: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

A: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

Q: The all - new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: topic - application of geometric progression

Q: Find the maturity value and interest if Jacob invested his money Php 150,000 at 6% compounded…

A:

Q: Carlita rodriguez and her brother purchased a house for $156,600. neighbors credit union financed…

A: cost of house = $156600 downpayment = 20% therefore calculate the downpayment 20% of 156600…

Q: Jill plans to put her money worth PhP 455,316 in a time deposit paying 2.32% compounded monthly for…

A: This question is related to Compound Interest,  we will solve it using given information.

Q: The annual interest rate on credit card is 24.99%. How long will it take to pay off an unpaid…

A: According to the guidelines I am answering only first question.

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

Q: What is the APR of a payday loan for $1825 due in 18 days that charges a $135 fee?

A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

Q: a) Nizam borrowed some amount of money from Barjaya Bank to purchase a new car. He has to repay…

A:

Q: Find the difference between the simple interest and the compound interest on Php 50,000 for 5 years…

A: Consider the given Php as 50,000

Q: Mittola just won $383,000 in a state lottery. He invests it in an annuity earning 47% interest in…

A:

Q: What sum of money is required to pay a loan of P20,000 on May 20, 2018, if the loan was made on…

A:

Q: To nay for her tuition fees, Lyra borrows 10,000 Php from a lending company at a simple interest…

A:

Q: 3. Ryza borrows Php150,000. At what rate compounded bi-monthly will her interest be if she agrees to…

A: Given that Ryza borrows Php 150,000. She agrees to pay Php 10,000 more at the end of 2 years. And…

Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

Q: A car loan with a face value of Php1,300,000.00 has to be purchasedwith a downpayment so that a…

A: Given that Face value of car is Php 1300000.00 Monthly payment is Php 1500.00 Time t=5 years=60…

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: An eligible Pag-IBIG member may borrow up to a maximum of 80% of his total accumulated value (TAV)…

A: When a person deposits or borrows money from an institution or from another person, the conception…

Q: Find the monthly payment for the loan. Round to nearest cent. Finance $852000 for an apartment…

A:

Q: Find the interest earned on an investment of Php 10,000 into a money market account that pays a…

A:

Q: How much is the interest that will be paid on a P25,000 loan that was made on May 1, 2002 and repaid…

A: Given : P=25000 r=8% n=calculated below

Q: The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: Given that, The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his…

Q: Determine the amount of money Western Bank should be willing to loan a developer who will repay the…

A: Future amount = $840,000    Developer will pay 2 years from now Interest rate = 10% per year or we…

Q: Your family has annual loan payments equal to 28% of its annual income. During the year,the loan…

A: Note Since you have asked multiple question , we will solve the first question for you. If you want…

Q: What is the simple interest due on a 120-day loan of Php7000 if the annual interest rate is 5.25%?

A:

Q: A buisness loan of Php 650,000.00 is to be settled by paying Php 29,994.20 in 2 If the interest rate…

A:

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

A:

Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

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Q: Calculate the simple interest due on a 52 day loan of $1500 if the interest is 9%

A: We can calculate the simple interest of the sum $1500 for 52 days in the following step

Q: elena wants to invest in a trust fund. she borrows from a credit cooperative that charges 8% simple…

A: Formula of Simple Interest: A=P1+rt where A= Final amount P= Initial Principal Balance r= Annual…

Q: Chuong Ngo borrows 3600$ from a bank that advertises a 6% simple interest rate and repays the loan…

A: The formula to calculate the annual percentage rate (APR) for a loan is: APR = Fees+Interest Paid…

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: two

A: This contains two question, only first question is answered. Please refer to the image below

Q: What amount should be paid on January 13, 2016 for a loan of P16,000 made on July 7, 2015 at 8%…

A: Loan is taken on 7th July, 2015 and and needed to be paid on 13th January. So, total number of days…

Q: Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded…

A:

Q: A cellular phone may be purchased at 1,500 php payable monthly for 18 months. The first payment is…

A: Calculate the rate of interest at which the installment is paid. r=12100×18=0.0067%

Q: Calculate the simple interest due on  a 52 day loan of $1500 if the interest rate is 9% round to the…

A:

Q: Joanna Mae inherited Php 25,000 on the day she became 19 years old. Under the specifications of the…

A: Joanna Mae got Php 25000 when she turned 19. We need to determine the money she will have on 21st…

Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: Maria invested php 175,000 in a savings account that pays 0.3% simple interest annually. Assuming…

A:

Q: Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months.…

A: Ski boat cost=$ 5900Down payment need to pay on purchase=10100x5900=$590∴Remaining principal…

Q: A mortgage of $175,000 is offered to you at 5.25% interest rate for 25 years a) find the monthly…

A: Given amount offered(P) = $175, 000 Interest rate(r) = 5.25% = 0.0525 per annum Interest rate for…

Q: Now, a vendor borrowed money to be paid in 10 equal payments for 6 quarters. If the interest rate is…

A:

Q: Jill plans to put her money worth PhP 463,349 in a time deposit paying 2.27% compounded monthly for…

A:

Q: A man borrows Php 100,000 from the Social Security System for a term of one year. The interest…

A: Bank Discount  =100000×15100=15000