Sophia obtains a loan of php300,000 with interest at 8% compounded semiannually. She will pay her debt through a sequence of equal semiannual payments for 7 years where the first is due at the end of 3 years. How much is her semiannual payment?

Q: Mark deposits $1000 each month in a retirement plan paying 7% compounded monthly. How much will he…

A:

Q: Jacob already knows that he will have $650,000 when he retires. If he sets up a payout annuity for…

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Q: Find the interest paid on a loan of ​$2300 for   two years at a simple interest rate of 10​% per…

A: Formula used: Simple interest formula: The formula for calculating the simple interest is I = Prt.…

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Violet is planning to make 29 semiannual loan payments of 1460 dollars each. If her bank charges…

A: The given data is: Violet is planning to make 29 semiannual loan payments of 1460 dollars each The…

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: Jamie plan to make payments of $9000 into a account on the last day of this and every year until his…

A: Consider the given information.

Q: Jane agrees to buy a car for a down payment of $2000 and payments of $220 per month for 3 years. If…

A: Given:

Q: Alice charged $800 worth of merchandise one year ago on her credit card, which has an APR of 12%…

A: It has an APR of 12% compounded monthly. She made 12 monthly payments of $20, at the end of each…

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: A man bought a lot worth P2026862 if paid in cash. By installment, he paid a down payment of…

A:

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

A:

Q: Find the savings plan balance after 1515 months with an APR of 55​% and monthly payments of…

A: We have to use the formula  Where P=payment= 250250 n= number of months=1515 i= interest rate=…

Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…

A:

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

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: Mr. Remo is considering to pay his outstanding balance after 6 years of payment. The original amount…

A:

Q: A ripped motorcycle can be purchase for P10,000 cash or an installment basis with P2000 down payment…

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Q: To pay for his debt at 10% compounded semi-annually, рay Marcus committed for 10 quarterly payments…

A: To determine the amount of money Marcus borrowed.

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: The Pirerras are planning to go to Europe in 3 years, and have agreed to set aside $150 per month…

A:

Q: A newly-formed business bought a property worth PHP14.5M. It deposited a down payment of PHP3M with…

A: Given: Cost = 14.5M Replacement = 3M n = 4*10 =40 rate= 12%

Q: A recent high school graduate received $600 in gifts of cash from friends and relatives. In…

A: Here given is The student has a total principal amount, P=$600+$250+$300+$1500=$2650 Interest rate…

Q: Thomas received php 50000 from his parents during his 33rd birthday. he invested the money in a…

A: Given - Thomas received Php 50000 from his parents during his 33rd birthday. he invested the money…

Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

Q: Kimberly has just started her first job and decides to begin saving for a car. She opens a savings…

A: Given query is to find the ammount in the account in 2011.

Q: Mychael wants to buy some new exercise equipment for his home gym for 377,000 financed and in annual…

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Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

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Q: a loan is to be repaid for 9 years that will start at the end of 5 years. if the interest rate is 5%…

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Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

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Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

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Q: Megan leased a car for 5 years at a rate of 4.80% compounded monthly. It required her to make…

A: Total amount paid after 5 years or 60 months = 665 x 60 = $ 39900 Remaining amount that she can pay…

Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

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Q: Find the monthly payment for the loan. Finance $500,000 for an apartment complex with a 12.3% 10…

A: Please rate and feel free to ask any query about any part of the question.

Q: A recent high school graduate received $900 in gifts of cash from friends and relatives. In…

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Q: What is the purchase price on a car that has a $264 monthly payment for 5 years, financed at 8% per…

A: The purchase of a car that has a $264 monthly payment for 5 years, financed at 8% per year,…

Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A:

Q: If you made $3,000 a year in contributions to your retirement account starting at the age of 25,…

A: NOTE: Refresh your page if you can't see any equations.   . here we have PMT=3000 n=1 for yearly…

Q: Mr.  Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500,…

A: With the help of compound interest formula we can solve this problem easily- The formula for…

Q: Michael wants to buy some new exercise equipment for his home for 371,000 financed at an annual…

A: In the add-on method, we divide add the principal amount and the interest for the five years into…

Q: A payment of R150 000 due in 30 years' time is purchased from a company by means of level monthly…

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Q: Maria is paying off a loan by making $50 payments at the beginning of every month for 2 years, at…

A: The formula to calculate the amount to be paid after a loan of P amount is taken at the rate of r%…

Q: A certain corporation purchased a machine for plastic lamination of posters for 720,000. At the end…

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Q: suppose that you borrow $12,000 for five years at 5% toward the purchase of a car. use PMT to find…

A: To find the monthly payments, consider the formula-

Q: two

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

Q: Kimberly has just started her first job and decides to begin saving for a car. She opens a savings…

A:

Q: Hannah is buying a property with $45000 down payment and monthly payment of $2100 made at the…

A: Hannah is buying a property with $45000 down payment and monthly payment of $2100 made at the…

Q: Jasica Parker would like to have $26,000 to buy a new car in 7 years. To accumulate $26,000 in 7…

A: