When must an obligation of P3,483 be made  to extinguish a loan of P3,000 which bears interest at 4% compounded quarterly?

Q: Jared was receiving rental payments of $4,000 at the beginning of every month from the tenants of…

A:

Q: Calculate, to the nearest cent, the present value of an investment that will be worth $1000 if it…

A:

Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2028 if…

A:

Q: What lump sum must be invested at 8%, compounded quarterly, for the investment to grow to $30,000 in…

A: we will useA =P1+rnntGiven A =$30,000r =0.08n=4      (quaterly)t =12 years

Q: A debt of $7000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A:

Q: How much must be deposited now to withdraw $4,000 at the end of each year for 20 years if interest…

A: Calculate the present value of an ordinary annuity by using tables use the following steps. Step 1.…

Q: A debt of $7000 is to be amortized with 8 equal semiannual payments. If the interest rate is 10%,…

A: The amortization formula is given by R=P i1-(1+i)-n where R is the periodic payment for the borrowed…

Q: What will be the maturity value of ₱16,000 invested for 5 years at 15% compounded quarterly?

A: Formula: The compound interest formula is given by, A=P1+rnnt, where A-maturity value, P-principle…

Q: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

A: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

Q: If Nerissa’s savings deposit yields 5%compounded quarterly, should shechange her investment to a…

A: According to the question we have to check the net multiplying factor.

Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…

A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…

Q: A debt of $6000 is to be amortized with 8 equal semiannual payments. If the interest rate is 12%,…

A:

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has…

A: Given: Monthly payment PMT = $1,400.00 Rate of interest = r = 3% = 0.03 Number of years = t = 2…

Q: A debt of $9000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A: Note that, here P = $9000, r = 0.05, and t = 5 years (since 10 equal semiannual payments).…

Q: 4. A consumer loan of P80,000 is obtained that is due 3 months from now. If interest  rate is 8%…

A:

Q: A loan of $10,000 is to be amortized with 10 equal quarterly payments. The interest rate is 6%…

A: Solution

Q: A debt of $9000 is to be amortized with 6 equal semiannual payments. If the interest rate is 7%,…

A: A debt of $9000 is to be amortized with 6 equal semiannual payments. If the interest rate is 7%,…

Q: u are considering taking out a loan of $20,000 that would be paid back over seven years with monthly…

A: Given: Loan amount = $ 20, 000 Monthly paid amount  = $ 289.30 over 7 years interest rate = 5.7%…

Q: does a simple interest investment generate less interest than a compound interest loan?

A:

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. c. If you pay…

A: Given that, loan amount P=$175,000, monthly payment PMT= $975, Interest rate r=4.5% and frequency of…

Q: Calculate the simple interest earned on a investment of  $ 700,000                           after…

A:

Q: How much is the original loan if semi-annual payments of $100,000 are used to repay it at 5%…

A: r= 5% A = amount to be paid =$100,000 P = original amount  t= 8 years

Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: What would be the selling price of a 10-year bond with a face value of P100,000, interest at 20%…

A:

Q: A debt of $8000 is to be amortized with 10 equal semiannual payments. If the interest rate is 9%,…

A: Given the debt amount $8,000. Number of payments is 10 equal payments (Semiannually). Rate of…

Q: A debt of $5000 is to be amortized with 6 equal semiannual payments. If the interest rate is 9%,…

A:

Q: What is the cash value of a lease requiring payments of $1,362.00at the beginning of every year for…

A:

Q: A loan, amortized over 5 years, is repaid by making payments of $600 at the end of every month. If…

A: Loan payment formula: P=PMT[1-(1+rn)-ntrn] where,p=principaPMT=payment r=APR t=number of year…

Q: What is the maximum amount you can borrow with a 30-year mortgage if you can pay $725 a month and…

A: Note that, here the periodic payment PMT=$725, interest rate i=4.2%=4.212×100=0.0035, and the number…

Q: 1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When should the…

A: Given that,   1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When…

Q: In order to have a fund of 1,000,000 at the end of 12 years, equal deposits every six months must be…

A:

Q: A debt of $8,800 is to be amortized with 8 equal semiannual payments of $1,417.12. If the annual…

A: SOLUTION-

Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: A couple believes they can afford a monthly house payment of $1,700 and would like a 30-year…

A:

Q: Suppose you want to borrow $20,000 for a new car. You can borrow at 6% per year, compounded every…

A: P = monthly payment PV = loan amount r = rate of interest n = number of periods

Q: If a lender charges 12% interest, compounded quarterly, what effective annual interest rate is the…

A:

Q: How much should a $10,000 facevalue, zero-coupon bond, maturing in 10 years, be sold for now if its…

A: Face value =$10000number of years, n=10rate of interest, r=8%=8100=0.08

Q: If a loan P120, 000.00 is to be amortized for 2 years at 12.5% interest compounded monthly, how much…

A: The monthly payment amount can be defined as follows:

Q: 2. What is the monthly payment for a loan of 100,000 over 5 yea nominal interest rate is 12%…

A: This is a problem of financial math, series.

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

A: Given interest per month =$10000 Interest per year =10000x12=$120000 Rate of interest per year =4%

Q: 4. Amal wants to have $40000 available for a down payment on a house in 10 years. How much should…

A: Since you have asked multiple questions in a single request so we will be answering only first…

Q: y payments of ₱3,500.00 for school expenses, if the first payment is to be made on his 16th…

A: Let the amount set aside on a boy's seventh birthday be x. The amount at 16th birthday at a 10%…

Q: A debt of $9000 is to be amortized with 8 equal semi-annual payments. If the interest rate is 8%,…

A:

Q: You are considering taking out a loan of $10,000.00 that will be paid back over 8 years with monthly…

A: L=PMT1-1+rn-trn PMT=135.84 n=12 for monthly payment r=6.9%=0.069 here we need to find the unpaid…

Q: What is the total interest paid on a 30 year mortgage for $235,000 if it is charged 7% interest,…

A:

Q: What annual rate of simple interest is necessary to give interest of $416 on a principal of $800…

A:

Q: A loan of P 50,000 is-to be amortized by paying quarterly in 1 year. If money is worth 10%…

A: Since you have posted multiple questions and we can answer one question. So, answered question…