1. Find the discount interest if F = Php 50,000, d = 0.085 and t = 10 months.
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- 3. Find the discount interest on Php 20,000 for 210 days at a discount interest rate of 8 3/4%. What is the present value?1. Consider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using the average balance method). b. How much would you pay in total for interest?1. Assume that $1,000 is to be received 30 years from today. Compare the present values obtained using 0.05 and ó.20 as rates of discount.
- Find the effective yield on a discount loan with the given discount rate r and the time. (Round your answer to two decimal places.) r = 2%, 2 monthsFIND THE SIMPLE INTEREST ON A 50,000 LOAN AT 14 1/2% FOR 7 MONTHS.Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,200 borrowed at 7 1/8 % for three years... Future Value= $ ____________ Thank you!