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A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
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A: A) P2,854 Explanation:
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A: In this we have to calculate present value of both option.
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A: Given: Loan = 350,000 Years = 1 Interest rate=10%
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A: The number of months can be calculated with the help of simple interest equation.
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A: Loans payment carry the payment of principal amount and also payment of principal amount also.
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A loan is to be repaid after a term of 5 years. If the principal amount is at ₱215,000 and the total amount to be repaid is at ₱275,000, what was the corresponding interest rate if it compounded quarterly?
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- A business loan of PhP 650,000 is to be settled by paying PhP 29,994.20 monthly in 2 years. If the interest rate is 10% converted monthly, how much is the outstanding balance after 6 payments?What is the interest rate used to accumulate an amount of P10,000 (principal and interest earned) from the principal amount of P5,000, a 5-year loan?A loan of P3,000 is repaid by a payment of P3,500 made 24 months later. What is the annual percentage rate?
- A loan is repaid by making payments of $3456 at the end of every 3 months for 10 years. If interest on the loan is 5.8% compounded quarterly, what was the principal of the loan?What is the interest earned on the principle of RM18,000 at the rate of 12% for 1 year and 4 months compounded monthly?Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6% for 5 years. How many times is compunding done in a year. What is the initial or rincipal amount. then what is the rate of interest?
- How much interest is payable each year on a loan of P2,000 if the interest rate is 10% simple interest per year when half of the loan principal will be repaid as a lump sum at the end of 3 years and the other half will be repaid in one lump-sum amount at the end of 6 years? How much interest will be paid over the 6-year period?As debt payment, P315,000 is due in 4 years and 7 months. If the debtor wishes to repay the debt now, and the lender applies 9% interest compounded semi-annually, how much does he have to pay?A loan of php 2500 is made for a period of 13 months, from january 1 to january 31 the following year at an interest rate of 5%, compounded quarterly. What future amounts is due at the end of the loan period?
