1. A man paid 10% down payment of P1,000,000 for a house and lot this month of January. The rate of interest is 20% compounded quarterly. He agrees to pay after 5 months his balance on a 6 monthly installment. Compute for the following.   (1) Effective Interest C = Blank 1 K = Blank 2 Thus, ieff = Blank 3 NOTE: Show in 4 decimal places.   (2) Amount of the Monthly Installment = PHP Blank 4

Q: Jumbo Bato borrowed money from Rovin Patila,payable for 3 years. If the interest rate per year is…

A: Data given: Interest rate (r) = 9% p.a. (assumed simple interest rate) n= 3 years   Loan amount (P)…

Q: You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table…

A: Solution:- Given, Loan = $88,000 Life time = 30 years Compounded quarterly  at 4.1%

Q: 3. Don Magellan borrowed today from Ginoong Lapulapu P300,000.00 and agreed to repay the loan with 4…

A: Loan amount (PV) = P300,000 Number of monthly payments (n) = 4 Interest rate = 12% Monthly interest…

Q: You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments…

A: Present value factor is computed as follows:-Present value factor = wherer = interest raten = time…

Q: ______5. Compounding quarterly means the interest period is  A. every year C. every 6 months  B.…

A: Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: You agreed to make equal payments of 28,191 at the beginning of each months to discharge a debt due…

A:

Q: How much interest (in dollars) is earned in 9 years on $8,500 deposited in an account paying 5%…

A: Future value (FV) refers to the amount of money that an investment will be worth at a future point…

Q: If I plan to avail of a loan today and I will pay it P8,388 every start of the month for 6 years…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: 6. Julio borrows 500,000 to be repaid with quarterly payments for five years with the first payment…

A: The concept of time value of money will be used here. Loans are repaid through fixed periodic…

Q: 1. A promise to repay $93,000 eight years from now at an interest rate of 9%. 2. An agreement to…

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699

A: Interest: It is the amount charged on the loan taken by the lender to the borrower. The interest…

Q: An individual borrows ₱150,000 from a bank at 10% annually compounded interest to be repaid in 6…

A: Loan can be amortized by repaying it in equal instalments. Each payment comprises of both interest…

Q: You have taken a loan of $95,000.00 for 27 years at 5.5% compounded quarterly. Fill in the table…

A: Given Loan amount is $95000 Term is 27 years Rate is 5.5%

Q: an borrows Php 5000 with the agreement to pay the principal and all accumulated simple interest at…

A: In simple interest there is no interest on interest and interest on principal loan amount only so it…

Q: Find the amount applied to principle for the third month of a 4-year loan of $12,200 which charges 3…

A: A loan refers to a contract between two parties where a sum is forwarded by one party to the other…

Q: You have taken a loan of $64,000.00 for 26 years at 4.7% compounded quarterly. Fill in the table…

A: Here, Particulars Values Loan Amount  $ 64,000.00 No. of years  26.00 Interest rate 4.700%…

Q: son.2

A: The objective of this question is to find the effective interest rate charged on a loan of $138,160…

Q: You have taken a loan of $5,000.00 for 4 years at 2.3% compounded monthly. Fill in the table below:…

A: We need to calculate the monthly payment(PMT) of loan by using this equation PMT…

Q: 6. (EQUATION OF VALUES) What single payment at the end of 6 years would replace the following debts?…

A: Discount Rate = 8.5% compounded Semi- Annually Obligation 1 : Php 29,000 due at the end of 1 year…

Q: Find the compound interest earned if PhP 52,738 is deposited in a bank at 3.7% compounded monthly…

A: Compound Interest = P(1+r)^t - PWhere P = Principal = PhP 52,738R = Rate on interest = 3.7% / 12 =…

Q: You have taken a loan of $5,000.00 for 3 years at 3.4% compounded monthly. Fill in the table below:…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Suppose you borrowed $50,000 at a rate of 8.1% and must repay it in 5 equal installments at the end…

A: Given ,Loan amount , Annual rate , r = 8.1% = 0.081Annual rate , r = 8.1% = 0.081number of…

Q: y at the beginning of each month for Php 1,500.00. On the third year onwards, how much are you…

A: First year there was ordinary payment of Php 1000.00 If the payment of each month is - PHP 15000 for…

Q: A man paid 10% down payment of P1,500,000 for a house and lot this month of January. The rate of…

A: The present value of the loan is equal to the sum of the present values of all the future…

Q: Mr. Hyson borrowed $15,550 from the bank for 3 yrs. If the quoted rate (APR) is 6.55% and the…

A: The Effective Annual Rate (EAR) for daily is calculated by compounding daily rate wit the number of…

Q: Senyor Pigafetta borrowed today from Ginoong Lapulapu P300,000.00 and agreed to repay the loan with…

A: M = Mortgage amount P300,000.00 i = Monthly interest rate 0.01 (i.e. 0.12 / 12) t = Number of…

Q: Colton received a loan of $44,700 at 8.1% compounded semi-annually and settled the loan by making…

A: A loan refers to a contract where an amount is borrowed on the promise of future repayment along…

Q: man borrowed PhP 300,000 and agreed to pay his bligation by paying 8 equal annual payment of PhP…

A: Loans are paid by the annual payments that carry the payment of interest and payment of principal…

Q: 1. If $100 is deposited today in an account paying 9 percent compound annual interest, how much will…

A: The first question is asking for the future value of a single sum. The formula for future value is…

Q: Find the quarterly payment.

A: Information Provided: Amount owed = 5000 Period = 8 years Interest rate = 10% payable quarterly

Q: The interest rate on a $100,000 loan is 7.2% compounded semiannually. The monthly payments on the…

A: To Find: Interest component of payment 221 Principle component of payment 156 Final Payment

Q: Hinton Inc. borrowed$35,000for 7 years at a simple interest rate of6.1%. The interest was to be paid…

A: Formula:I=PrtI= InterestP= Principal amount = $35,000r= Interest rate = 6.1%t=time in years =…

Q: A man paid 10% down payment of P1,500,000 for a house and lot this month of January. The rate of…

A: Here, Interest Rate is 15% Compounding Period (C) is Semi- Annual i.e 2 Payment Period (K) is…

Q: Using the Present Value of an Annuity of 1 TABLE4, calculate the factor. Next, determine the annual…

A: 1. In this case the annual payment is made and thus present value of annuity factor would be used to…

Q: You have taken a loan of $55,000.00 for 30 years at 4.9% compounded quarterly. Fill in the table…

A:

Q: Ahmad borrowed $15,000 now and it is to be repaid by equal end-of-quarter installments for 5 years…

A: Quarterly payment is calculated by present value of annuity formula for periodic repayments. Present…

Q: Ali took a loan of 180000 to buy an apartment the bank offered the loan with an apr of 16 compounded…

A: Amount of Annuity "A" is 31,280 Total number of annual payments are 30 Loan amount is 180,000…

Q: Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments.…

A: Annual  Payment  = P * r * [(1+ r)n/({1 + r}n -1)]Where, P = Principal borrowed =  $14,000r =…