1. Complete the table for a compound interest involving P 50 000 loaned for a period of 5 years with 8% interest compounded annually. Principal at the start of INTEREST Amount (at the end of the year) the year 1* Year P50,000 P50,000x0.08x1= P4,000 P50,000+P4,000= P54, 000 2nd Year 3 Year 4th Year 5 Year

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: Miguel received a loan of $10,000 at 4.50% compounded quarterly. He had to make payments at the end…

A: calculating the size of payment using excel pmt function =PMT(rate,nper,pv,[fv]) where, rate = rate…

Q: A debt of $1881 with interest at 9.34% compounded monthly is to be repaid by equal payments at the…

A: Given: Debt 1881 Interest rate 9.34% Years 5

Q: Find the accumulated value 16 years after the first payment is made of an annuity on which there are…

A: The payment is $850. The annual rate of return is 4.1%. The payments are made once every two months…

Q: Determine the present value of $5,000 that is received at the end of 4 years given that the annual…

A: Present value is the current value of any specified amount which will be received in future at…

Q: Payment Number Monthly Payment Monthly Interest Portion Used to Reduce Principal Loan Balance $…

A: Using given table to calculate monthly payment

Q: 6. Determine the simple interest earned when $450 is Deposited for 4 years and earns 6.5% per year

A: Interest is earned on the money lent to the borrower. The lender charges interest from the borrower.…

Q: 8. A loan of $10,000 is repaid using the amortization method with payments at the end of each year…

A: Loan (PV)  = $ 10000 Interest rate (r) = 5% Number of annual payments (n) = 12

Q: 5. How much interest must be paid on a loan of $4300 at 10% compounded semi- annually for 4 years?…

A: Formula: P x [ 1 + ( R / N )NT P = Principal R = Rate of interest N = Number of compounding periods…

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: Prepare an amortization schedule for the first 2 payments of a $99,000 mortgage at 3% for 20 years.…

A: The question is based on the concept of Financial Accounting.

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: 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: Use the amortization table below to answer the following questions. The loan is for 5 years at 5.5%…

A: The term of loan is 5 years The interest rate is 5.5% The loan amount is $3000 To Find: Yearly…

Q: Phil Pittman is interested in a fixed-rate mortgage for $300,000. He is undecided whether to choose…

A: The company is considering the mortgage value in case of requirement of loans. The mortgage value…

Q: p1

A: The problem is asking us to find the rate of interest per annum. We are given the principal amount…

Q: 02: A $150000 real estate loan at 9% compounded monthly is repaid by monthly payments over 20 years.…

A: Amortization schedule refers to the statement showing the amount of payment made on each period…

Q: Michael Sanchez purchased a condominium for $94,000. He made a 20% down payment and financed the…

A: (a) Debt = $94,000×80%=$75,200 Period = 30 years Rate = 5% Monthly payment (using the table given) =…

Q: Find the interest eaned on $10,000 invested for 4 years at 6% interest compounded as follows. a.…

A: Compound Interest: It refers to the interest earned on an investment or paid on loan and is…

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: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: The time value of money concept is the most important concept that states that the value of money in…

Q: 8. An amount of P 5000 is deposited in a bank paying an annual interest rate of 3.1% compounded…

A: Balance after three years = Amount Deposited x etr where t= period r= rate of interest

Q: A loan of £100,000 is repaid in 11 annual instalments of £13,900, with the first repayment due in…

A: Loan amount (P) = £100,000 Annual payment = £13,900 Period = 11 years Interest rate = ?   We will…