The extinguishment of a loan of P87, 650 will be made by quarterly payment of how much to an agency requiring a 13.5% quarterly interest for 5 years

Q: If you borrow $700 for 6 months at 2% annual simple interest, how much must you repay at the end of…

A: As we know that the formula of the simple interest is:   Simple interest =I=P×r×t   Where,…

Q: What interest rate was applied if a loan of ₱65,468 will amount to ₱125,000 borrowed for 2.5 years…

A:

Q: After 10 years, you have made 1/3 of the payments. Why isn't 1/3 of the loan balance paid off?

A: We can solve it mathematically and show that after 10 years only a partial principal amount is paid…

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 worker who has an annual salary of $58,000 does not get any other salary adjustments besides a…

A:

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: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: If $10,500 is borrowed for 5 years at an annual simple interest rate of 1.73%, how much interest…

A:

Q: The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how…

A: How many months will it take to pay off an unpaid balance of $2,470.04. ?

Q: If vou buy a computer directly from the manufacturer for $2,835 and agree to repay it in 36 equal…

A:

Q: mount must be set aside now to generate payments of $40,000 at the beginning of each year for the…

A:

Q: A payday loan company charges a $60 fee for a $650 payday loan that will be repaid in 19 days.…

A:

Q: If you pay your friend 15$ each month for 20 months to repay a loan, what is the total cost of the…

A: Explanation of the answer is as follows

Q: A business must pay an annuity of $ 20,000 quarterly with j4 = 5%. Calculate the semester payment to…

A:

Q: In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he…

A: Given, Principle = $ 10,00,000 time period T P = 32 years                              =32×12…

Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

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: A loan of $7,215 was repaid at the end of 11 months. What size repayment check (principal and…

A: The amount of the repayment check was $____

Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…

A: We will find out the required value.

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: rate

A:

Q: Danny creates up an investment arrangement for a friend that will return $5000 the first year, $6125…

A: We are given that the returns during the first year are $5000, during the second year are $6125, and…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

A:

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: A bank loaned out $600,000, a part of it at the rate of 12% per year and the rest at a rate of 6%…

A: Let the amount loaned at 12% be: x Let the amount loaned at 6% be: y Total amount loaned out is: $…

Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: The extinguishing of loan of ₱87,650 will be made by quarterly payment of how much to an agency a…

A: We need to use the total amount payable formula with certain interest over a period of time.

Q: John wants to retire with $10,000 per month, how much principal is necessary to generate this amount…

A: John wants to retire with $10,000 per month.Interest rate is 3%.To calculate:- principal that…

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

A:

Q: The Premier Car Title Loan Company makes emergency loans of up to $500 for 1 month for a fee of 4%…

A:

Q: Danny creates up an investment arrangement for friend that will return $5000 the first year,$6125…

A: See the attachment

Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: If a car priced  at $17,305 is offered for nothing down with 60 monthly payments of $397.63, what is…

A: Given Information -  Cost of the car = $17,305 Monthly payments to clear the debt = $397.63 Number…

Q: If $600 is borrowed and the interest after 24 months is $120, what is the annual interest rate for a…

A: Solution

Q: A loan officer at a bank has PhP1,000,000.00 to lend and is required to obtain an average return of…

A: Here we will find the required amount to lend by 16% rate,

Q: A couple can afford to make a monthly mortgage payment of $650. If the mortgage rate is 9% and the…

A:

Q: The new car costs ​$28,000 and can be financed with a three​-year loan at 6.72​%.  A​ three-year old…

A: The monthly payment can be obtained using the formula PMT=Prn1-1+rn-nY where  P is the principle…

Q: A service car whose cash price was P540,000 was bought with a down payment of P162,000 and a monthly…

A: Consider the given information.

Q: payday loan store charges $50 for a one-month loan of $180. What annual interest rate is this…

A:

Q: How long will it take borrower to diminiy₱198,480 if a lender charges 15.65% monthly and monthly…

A: loan amortization formula A=Pr(1+r)n(1+r)n-1 where A is periodic payment P is loan amount r is…

Q: How much is the cash value of the car if the interest used is 12% monthly?

A: Given:monthly payment =17,000 Interest rate=12% Formula used: PV annuity=P×1-1+I-nI

Q: The cost of a particular private school inclues a one-time initiation fee of $2,000, plus annual…

A: It is given that one-time initiation fee is $2,000 and annual tuition fee is $10,000.The initiation…

Q: Jason takes out a car loan for $14,500 and is paying simple interest of 7%.  He finances the loan…

A:

Q: After making payments of $901.10 for 9 years on your 30 year loan at 8.3%, you decide to sell your…

A:

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: If you borrow $800 for 6 months at 6% annual simple interest, how much must you repay at the end of…

A: Simple Interest Formula: A = P 1+r·t where A is the final amount. P is the initial amount. r is 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: If Joe Edward earned P1,890.50 in 1 year and 3 months in a mutual fund containing bonds worth…

A: Express the equation for the mutual fund. Future value= Present Value1+r100n Here, r is the rate of…

Q: assume you will put down 10% on a house that costs 424,900 dollars, and borrow the rest. What is the…

A: Cost of house=$424,900 Amount put down=10%

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: image is attached

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: Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at…

A: Given data: Principle  = $600 Amount = $666 Time period = 15 months To find: Annual simple interest…

Q: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month?

A: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month

Q: If you pay $1,277 each month on your home mortgage for 20 years, how much will you pay in total for…

A: Total pay = money pay per month × duration

Q: If I purchased an appliance for $2500 , paid $800 as a down payment and financed the remainder over…

A: Given that loan is of 'add-on interest' typeAdd on interest = Principal *Rate of interest…