Suppose an engineer purchases a home and secures a loan of ₱2.5M from a commercial bank for 20 years at an annual interest rate of 9%. Find the monthly amortization of the loan. How much is the total amount paid over the life of the loan in Problem 1? How much is the total amount of interest paid over 20 years in Problem 1?

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A: As per company policy it is only possible to solve the first question.

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A: Given:

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A: In this we have to calculate future value using simple interest rates.

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A: As per Bartleby answering guideline, we can answer only one question, if student post more than one…

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Q: A businessman plans on depositing Php 12,500 per month in amount that pay 8% annual interest with…

A: Future value is the value of group of recurring payments for the specified time period with a…

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A: Part 1: Loan amount = Php 300,000 Time period = 2 years Interest rate = 9%

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

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Q: Solve the given problem. A. Mrs. Ledesma apply for a loan for the renovation of their house. She…

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

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A: Cash flow diagram:

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Calculating the Return On A Loan