Answer these problems properly and neatly. 1. Ana is scouting a DLSR cam to cover herparents' silver wedding anniversary. She foundone at $35,950.00, paid $5,000 cash,a nd theremaining will be paid in 12 months at 314%interest compounded monthly. Justify youranswer by creating an amortization schedule.2. In buying a set of household appliancescosting P120,000.00, a family makes a downpayment of P10,000.00, and there is anagreement to pay the balance in 36 monthlyinstallments. How much is the monthlyinstallment if interest is charged at 6.5%compounded monthly? Construct anamortization schedule.

A table containing information on a loan or other financial product that amortizes over time, like a…

1. Ana is scouting a DLSR cam to cover her parents' silver wedding anniversary. She found one at $35,950.00, paid $5,000 cash,a nd the remaining will be paid in 12 months at 314% interest compounded monthly. Justify your answer by creating an amortization schedule.

1. Ana is scouting a DLSR cam to cover her parents' silver wedding anniversary. She found one at $35,950.00, paid $5,000 cash,a nd the remaining will be paid in 12 months at 314% interest compounded monthly. Justify your answer by creating an amortization schedule.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Answer these problems properly and neatly.

1. Ana is scouting a DLSR cam to cover her
parents' silver wedding anniversary. She found
one at $35,950.00, paid $5,000 cash,a nd the
remaining will be paid in 12 months at 314%
interest compounded monthly. Justify your
answer by creating an amortization schedule.
2. In buying a set of household appliances
costing P120,000.00, a family makes a down
payment of P10,000.00, and there is an
agreement to pay the balance in 36 monthly
installments. How much is the monthly
installment if interest is charged at 6.5%
compounded monthly? Construct an
amortization schedule.

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