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What rate compounded monthly was charged on a loan of ₱3500.00 repaid in monthly installments of ₱107.19 in three years and 3 months?
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- What is the principal remaining after 20 monthly payments have been made on a $20,000 five-year loan? The annual interest rate is 12% nominal compounded monthly. (a) $10,224 (b) $13,333 (c) $14,579 (d) $16,073 (e) $17,094A loan of $5514 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three years, and five -and-a-half years, respectively. What is the size of the equal installments if money is worth 2.3% compounded monthly?Suppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month installments for 9 years with a nominal interest rate of 0.114 compounded monthly. What is the amount of each payment?
- A loan association requires that loans be repaid by uniform monthly payments which includes monthly interest calculated on the basis of nominal 5.4% per annum. If Php 5000 is borrowed to be repaid in 10 years, what must be the monthly payment? a. Php 79.12 b. Php 65.31 c. Php 86.55 d. Php 54.02RM20,000 credit card load held at a monthly compound interest rate of 20% would accrue a total compound interest of how much over the course of a year, and for each month? show workingHow much was borrowed is a simple interest rate of 2.10% was offered payable in 4 months with interest of Php 35.00?
