Q: Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from…
A: Borrowed amount is P15,000 Interest rate is 6% Starting date is March 15, 2020 Ending date is…
Q: A loan of P100,000 made today (December 7, 2020) at 8.75% simple interest rate will be repaid on…
A: Loan Amount = 100,000 Interest % = 8.75% Time Period = Dec 7 2020 to Feb 14 2021 = 69 days / 365 =…
Q: 7. What lump-sum amount of interest will be paid on a 10,000 loan that was made on August 1, 2012,…
A: Given:- Principal Amount (P) =$10,000. Time period (T) = 9 years 3 months = 9.25 years (August 1,…
Q: The total accumulated ordinary simple interest on a principal is P30,360 at a simple interest rate…
A: Principal and the accumulated ordinary interest on it are given. The date of the borrowing is to be…
Q: A six-month note would mature on 15 December 2020 with a maturity value of RM3750. The note is…
A: A creditor who holds an accepted note receivable may hold the note till maturity and present it for…
Q: The effective rate of interest is 5% per annum during the calendar years 2016 and 2017, and it is 9%…
A: Future Value = Present Value * (1 +Interest rate)time period
Q: ind the interest on 40,000 at 3.5% interest rate from October 11, 2020 to March 21, 2021 1.…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first three subparts. Please resubmit…
Q: A 120-day promissory note dated 12 January 2020 offers a simple interest rate of 2.57%. By using…
A: Here, Maturity Value of Noe is RM 8,571.62 Net Proceeds from Note is RM 8,534.48 Simple Interest…
Q: Determine the exact simple interest on ₱50,000 interested for the period from January 15,2020 to…
A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…
Q: What is the interest income for 2021? Philippine Bank granted a loan to a borrower on January 1,…
A: Interest Income for 2021 = Principal amount* interest rate where, Principal amount = $3,000,000…
Q: If I invested P300,000 last March 20, 2020 in a financial instrument that pays 8% per annum rate and…
A: Ordinary interest rate is the method of calculating the interest charged on the loan, based on a 360…
Q: RM1000 was deposited on 29th April 2019. Find the accumulated value if the money is withdrawn on…
A: Here, Deposited Amount is RM1,000 Deposited Date is 29th April,2019 Withdrawal Date is 21st…
Q: 4. Discount Note On December 31, 2020, your firm provided the services to the high-end clientele…
A: In case of multiple question 1st question is solved and incase of question with multiple subpart 1st…
Q: Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest…
A: The questions above differ from each other in terms of the number of compounding periods in a year.…
Q: What amount should be paid on October 5, 2022, on a loan of P100,000 made on December 13, 2021 with…
A: Simple interest is a type of interest that is calculated based only on the principal amount of a…
Q: What is the future amount of P10,000 if interest is computed using exact simple interest for the…
A: Present value = P 10,000 Period from Jan 15 to Nov 28 = 317 Days Days in a year = 365 Period in…
Q: Find the difference between simple interest and compound interest on a savings deposit of $70,000 at…
A: Lets understand the basics. Simple interest is a interest calculated on one single amount. In other…
Q: What is the exact simple interest earned on P 35, 000 for the period from April 3, 2020 to October…
A: Principal amount (P) = P35000 Period from April 3,2020 to October 14,2020 (d) = 163 days Interest…
Q: Determine the value of the single payment on November 8, 2023 that is economically equivalent to a…
A: Payment on 3/4/23 = $10,670Payment on 6/9/23 = $9,970Payment on 31/3/24 = $8,250For the Payment made…
Q: What sum of money due on October 1, 2026 is equivalent to $3000 due on January 1, 2003 if interest…
A: Data given: 1. i=1.2%/ year compounded monthly for 7 years =(1+1.2%/12)^(7*12) 2. i=6.8% / year…
Q: On November 17, 2020 a sum of $42,200 was deposited into an account. What would be the future value…
A: Future Value(FV) is value f current amount at future point of time. It is done by compounding that…
Q: Compute the amount of interest on $8350 at 6.5% p.a. from October 8, 2019, to August 4, 2020.
A: As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…
Q: 1) If ₱22578 is borrowed for 9 months and ₱555 is paid, then the annual simple interest rate is…
A: Hi student Since there are multiple questions, we will answer only first question. Simple interest…
Q: What amount must be repaid on October 10, 2019, if Php6,000 is borrowed on October 10, 2011 at 5.75%…
A: Formula of simple interest = (P*R*T)÷100 Where P= principal R= Rate T=time…
Q: . Interest has not yet been recorded on the notes payable which was taken out on March 1, 2020 with…
A: Please check the step 2 below:-
Q: A 90-day, 8% interest bearing note for RM3000 dated 2 September 2020 is discounted on 14 November…
A: Note payable refers to those legal obligations of the company which will be paid on any specific…
Q: What is the future amount of P10,000 if interest is computed using exact simple interest for the…
A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…
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- What is the exact simple interest earned on P 35, 000 for the period from April 3, 2020 to October 14, 2020, if the interest rate is 18%?What amount should be paid on October 5, 2022, on a loan of P100,000 made on December 13, 2021 with 4.7% simple interest?Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded annually? N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded semi-annually? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was |compounded quarterly? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the PV should continue to decrease. Explain why this passes the…
- find the interest on 40,000 at 3.5% interest rate from October 11, 2020 to March 21, 2021 1. approximate time2. actual time3. ordinary interest using approximate time 4. exact interest using approximate time5. ordinary interest using actual time6. exact interest using actual timeCompute the amount of interest on $8350 at 6.5% p.a. from October 8, 2019, to August 4, 2020. What rate of interest is paid if the interest on a loan of $12500 is $196.06 from November 14, 2019, to May 20, 2020? Loan payments of $1725 due today, $510 due in 75 days, and $655 due in 323 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.5% p.a. and the focal date is 115 days from now? What principal will earn $355.99 interest at 9.75% p.a. from February 4, 2017, to July 6, 2017? Determine the face value of a four-month promissory note dated May 20, 2018, with interest at 7.5% p.a. if the maturity value of the note is $1190.03. A Company sells locks for $10 each. Manufacturing cost is $2.60 per lock; marketing costs are $2.40 per lock; and royalty payments are 20% of the selling price. The fixed cost of preparing the lock is $18 000. Capacity is 15,000 locks. Compute the contribution…Determine the value of the single payment on November 8, 2023 that is economically equivalent to a payment stream consisting of: ● a payment of $10,670 on April 3, 2023, . a payment of $9,970 on September 6, 2023, ● a payment of $8,250 on January 31, 2024. Assume a simple interest rate of 3.1%. Apr. 3, 2023 $10,670 FV2 = $ FV1 = $ PV3 = $ Start by calculating the following values on the time diagram: Sep. 6, 2023 Total = $9,970 The single payment on November 8, 2023 is: $ Nov. 8, 2023 + FV2 FV1 + PV3 Total Jan. 31, 2024 $8,250
- Apply the concpet of simple interest.The total accumulated ordinary simple interest on a principal is P30,360 at a simple interest rate of 11.10%. If the principal worth P547,027.027 was paid on March 11, 2020. When did the principal borrowed? How much is the exact simple interest?Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20, 2020.? А Exact Interest at Approximate Time В Exact Interest at Actual Time Ordinary Interest at Approximate Time Ordinary Interest at Actual Time
- If I invested P300,000 last March 20, 2020 in a financial instrument that pays 8% per annum rate and was redeemed last January 9, 2021, how much will be the proceeds of the redemption using the following: Exact interest at approximate time Exact interest at actual time Ordinary interest at approximate time Ordinary interest at actual timeOn November 17, 2020 a sum of $42,200 was deposited into an account. What would be the future value of this sum of money on March 18, 2024, if the interest rate is 3.15% compounded semiannually. Round the value for FV to two decimal places. P/Y = C/Y = DBD = days I/Y = % PV = $ PMT = $ FV = $Determine the exact simple interest on ₱50,000 interested for the period from January 15,2020 to October 12,2020, if the rate of interest is 18%