1. A loan of Php 300 000.00 is to be repaid in full after 2 years. If the interest rate is 9% per annum. How much should be paid after 2 years? 2. If a car loan of Php 790 000.00 requires a 20% down payment. How much is the mortgage? 3. A person borrowed Php 1 000 000.00 for the purchase of a car. If his monthly payment is Php 25 000.00 on an 8-year mortgage, find the total amount of interest. 4. A consumer loan worth Php 80 000.00 is to be repaid in 12 months at 8% convertible monthly. How much is the monthly payment?
1. A loan of Php 300 000.00 is to be repaid in full after 2 years. If the interest rate is 9% per annum. How much should be paid after 2 years? 2. If a car loan of Php 790 000.00 requires a 20% down payment. How much is the mortgage? 3. A person borrowed Php 1 000 000.00 for the purchase of a car. If his monthly payment is Php 25 000.00 on an 8-year mortgage, find the total amount of interest. 4. A consumer loan worth Php 80 000.00 is to be repaid in 12 months at 8% convertible monthly. How much is the monthly payment?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Activity 2: Solve the following problems completely.
1. A loan of Php 300 000.00 is to be repaid in full after 2 years. If the interest rate is 9%
per annum. How much should be paid after 2 years?
2. If a car loan of Php 790 000.00 requires a 20% down payment. How much is the
mortgage?
3. A person borrowed Php 1 000 000.00 for the purchase of a car. If his monthly
payment is Php 25 000.00 on an 8-year mortgage, find the total amount of interest.
4. A consumer loan worth Php 80 000.00 is to be repaid in 12 months at 8% convertible
monthly. How much is the monthly payment?
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