Today, a businessman borrowed money to be paid in 10 equal quarterly payments. If the interest rate is 10% compounded quarterly and the quarterly payment is P2,000, how much did he borrow? A P20,957.90 P15,678.50 P18, 156.30 P17, 504.13

Q: CBG pays 10 percent per annum simple interest on its savings account balances, GCB pays 8 percent…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Suppose you borrowed $30,000 on a student loan at a rate of 8% and must repay itin three equal…

A: Loan Amount = $30,000 Interest Rate = 8% Time Period = 3 Years

Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…

A: In Simple Interest Case, FV = PV + (PV x r x n) FV = PV x {1 + (r x n)} Therefore, PV = FV / {1 + (r…

Q: Suppose you borrowed $80,000 at a rate of 8.5% and must repay it in 5 equal installments at the end…

A: Given data; borrowed amount = $ 80,000 rate of interest = 8.5% number of payments = 5   First we…

Q: You borrow $11,000 from the bank at an interest rate of 6%, compounded annually. You are required to…

A: Compound interest is interest added to the principal amount of a loan or deposit, or interest on…

Q: Suppose you deposited $1,000 in a credit union account that pays 7% with dailycompounding and a…

A: Excel Spreadsheet:

Q: the bingo bank is paying 9% interest compounded monthly .a) if you deposit 1000 at the beginning of…

A: The future value of annuity due is the total future value of each cash flow which is made at the…

Q: . Your client deposits $5 million in a savings account that pays 5 percent per year compounded…

A: Following is the answer to the question

Q: ou have just purchased a home by borrowing \$400,000$400,000 for 30-years at a fixed APR of 3.87%.…

A: GIVEN, P = $400,000 N = 30 YEARS APR = 3.87% M = 12 (MONTHLY )

Q: A bank is offering 10% compounded quarterly. If you put $200 in an account, how much will you have…

A: Step 1 The worth of a series of periodic payments at a future date, assuming a specific rate of…

Q: calculate the amount of payments

A: Payments: Payments are the amounts that are used to settle the borrowings from any financial or…

Q: You borrow $5,000 at 10% per year and will pay off the loan in 3 equal annual payments starting 1…

A: Principal = 5000 r = 10% period = 3 years after 1 year of taking loan payments = 2010.57 This annual…

Q: You borrow $21421 to buy a car. You will have to repay this loan by making equal monthly payments…

A: Formula for calculating EMI: EMI = (P X R/12) X [(1+R/12) ^N] / [(1+R/12) ^N-1] P = Loan amount  r=…

Q: Suppose you invest $100 in a bank account, and five years later it has grown to $134.39. What APR…

A: Investment (P) = $ 100 Future value (FV) = $ 134.39 Period = 5 Years

Q: 1.-What is the size of 60 monthly payments and 5 annuities that result from the purchase of land…

A: As per the honor code, we’ll answer only one question at a time, we have answered the first question…

Q: What is the total interest / dividend amount to be repaid at the end of 1 year for a loan of 200 000…

A: simple interest formula: interest = principal×rate×time

Q: The interest rate is 10% compounded annually. What percentage of the 2nd payment will be interests?

A: In any loan, the equated instalment repayment will include the principal and the interest.  Interest…

Q: You borrow $30,000 for 10 years to pay tuition and fees. The annual interest rate is 12 percent.…

A: Loan amount (P) = $30,000 Interest rate = 12% Monthly interest rate (i) = 12%/12 = 1% Period = 10…

Q: You borrow $22997 to buy a car. You will have to repay this loan by making equal monthly payments…

A: The monthly payment of a loan refers to the regular payment of the amount for a fixed loan amount.…

Q: Suppose you are depositing an amount today in an account that earns 5.25% interest, compounded…

A: The amount of deposit to be made today can be calculated using the Present Value Formula

Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…

A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…

Q: If P30,000.00 is deposited each year for 10 years, how much annuity can a person get annually from…

A: Amount deposited each year for 10 years is P30,000 Cost of monry is 14% Total number of withdrawals…

Q: The bank is paying 9% interest compounded quarterly. If you deposit P5,000 at the beginning of each…

A: Interest rate (r) = 9% per annum = 2.25% per quarter Quarterly deposit (Q) = P 5000 n = 10 years =…

Q: If you borrow $29834 with an annual rate of 12% compounded monthly and make a payment of $403 every…

A: The borrowing is the amount that is borrowed by the person, a company from any of the financials…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Years = 4 Terms(n) = 4 *4 = 16 quarterly deposits Rate (r) = 6%…

Q: If the bank quotes a loan APR of 9% per annum, compounded monthly, what do you have to pay back in 1…

A: Compound interest= P(1+r%/n)^tn Interest rate = 9% Borrow amount= 100

Q: If you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you…

A: Compounding is a way to find the FV of a deposited amount by considering the appropriate rate for…

Q: Suppose you borrowed $15,000 at a rate of 10% and must repay it in 5 equal payments at the end of…

A: Annual worth distributes present worth into equivalent uniform value over its useful life.

Q: Suppose you deposit $22.000 in an account today that pays 6% interest, compounded annually. How long…

A: Information Provided: Initial deposit = $22,000 Future value = $76,000 Interest rate = 6% compounded…

Q: If you wish to accumulate $205,000 in 6 years, how much must you deposit today in an account that…

A: Future value (FV) = $205,000 Interest rate = 15% Monthly interest rate (r) = 15%/12 = 1.25% Period =…

Q: If P10,000.00 is deposited each year for 9 years, how much annuity can a person get annually from…

A: First we need to calculate future value of annuity for 9 years by using this equation FV of annuity…

Q: The buyer of a lot pays P10,000 every month for 10 years. If money is 8% compounded annually, how…

A: Future Value of Annuity: If a certain rate of return, or discount rate, is assumed, the future value…

Q: A man can save 10,000 per month for 2years, If the bank offers 5% compounded monthly, what is n?

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Saud borrowed $90,000 now. He will pay off the loan with 10 equal quarterly payments. The first…

A: To find the quarterly payment one can apply the formula in excel called PMT which calculates the…

Q: If you deposit RM25,000 in an account earning an interest of 15% per annum, much would you have in…

A: Given: Present value = RM25000 Interest rate = 15% per annum Time period = 10 years To compute the…

Q: 1. The Lexington Property Development Company has a RM10,000 note receivable from a customer due in…

A: Present value is the value of an investment in today’s time. It helps to make decisions better.

Q: A loan of P50,000 is to be amortized by paying quarterly in 1 year. If money is worth 10% compounded…

A: Quarterly payment = Q Loan amount (L) = P 50000 r = 10% per annum = 2.5% per quarter n = 1 year = 4…

Q: Today, a businessman borrowed money to be paid in 10 equal payments for 10 quarters. If interest…

A: Installments are the amount paid in each period to pay back the loan. The installment includes some…

Q: If I loaned an amount of P10,000.00 with an interest rate of 8.44 % compounded monthly for 5 years.…

A: Loan amount = P 10,000 Annual interest rate (AR) = 8.44% Number of compounding per year (m) = 12

Q: If you borrow $3,600 to buy a car at 15% per year compounded monthly, to be repaid over the next…

A: Monthly Payment = P x r / [1 - {1 / (1 + r)^n}] Here, P = Present Value or Loan Amount i.e. $3600 r…

Q: A man borrowed P400,000 from a lending institution which will be paid after 10 years at an interest…

A: Compounding is a process where the investor or trader pays interest on interest. In this, the…

Q: Suppose you loaned P200,000 from a local bank to be paid back uniformly in five years. How much will…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Suppose you borrowed $35,000 at a rate of 8.1% and must repay it in 4 equal installments at the end…

A: Loan amount (LV) = $35000 Interest rate (i) = 8.1% Number of annual payments (n) = 4

Q: 1. What is the present worth of a P1000 annuity starting at the end of the third year and continuing…

A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…

Q: Today, Engr. Go borrowed money to be paid in 15 payments for 15 months. If the interest rate is 9%…

A: We need to use loan amortization formula to calculate loan amount or amount borrowed.  P…

Q: Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year,…

A:

Q: 20. If regular monthly deposits of P3,850 in a savings account amounted to P105,000 after! years,…

A:

Q: Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: Regine borrows $5000, to be repaid in 36 equal monthly installments. The interest rate is 10% per…

A: We need to use loan amortization formula given below PMT =PV1-1ei*nei -1 Where i=periodic interest…