1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each 3 months for 3 years at 8% interest compounded quarterly. How much is the periodic payment?
Q: how much does he need to pay quarterly?
A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity due…
Q: A man pays his debt in the following manner: P1000 after year 1, P900 after year 2 and P800 and year…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: Assume you borrow $ 60,000 at 12% per year interest and you agree to repay the loan at 11 equal…
A: Loan is an agreement between lender and borrower where lender gives lump-sum money to borrower in…
Q: As debt payment, P315,000 is due in 4 years and 7 months. If the debtor wishes to repay the debt…
A: Future value refers to the amount to be paid or received on a future date. The future value takes…
Q: A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly…
A: Given: Particulars Amount Down payment 200,000 Down payment rate 10% Monthly…
Q: Mr. Andi bought a machine and agreed to a loan of Rp. 1,000,000.00 which can be paid in installments…
A: a) When the payment is made today for a loan of 1,000,000, the annuity amount to be paid can be…
Q: A man agrees to make equal payments at the beginning of each 3 months for 10 years to discharge a…
A: Quarterly rate of return (r) = 0.02 (i.e. 0.08 / 2) Principal debt (P0) = P8,000.00 Quarterly period…
Q: a. If you borrow $1,100 and agree to repay the loan in six equal annual payments at an interest rate…
A: Part (a)Let the annual payment be P. Interest rate, i = 11%; n = period = number of payment =…
Q: randon Rockwell owes P200,000.00 with interest at 5% payable semi-annually. What equal payments at…
A: Solution Given Amount due 200000 Interest rate 5% Compounding Semi annual…
Q: A MAN PAYS HIS DEBT IN THE FOLLOWING MANNER: P1,000 AFTER 1 YEAR, P900 AFTER 2 YEARS, P800 AFTER 3…
A: Payment after year 1 = P 1000 Payment after year 2 = P 900 Payment after year 3 = P 800 Payment…
Q: A man owes P12,OOO with interest at 7% payable semi-annually. What equal payments at the beginning…
A: Loan amount (PV) = P 12,000 Annual interest rate = 7% Semi annual interest rate (R) = 7%/2 = 3.5%…
Q: 1. Mary made a loan of P58,000 to supply her new business. It is to be amortized by ten equal…
A: We need to use RATE function in excel to calculate interest rate. Formula is =RATE(NPER,-PMT,PV)
Q: If you borrow $2,200 and agree to repay the loan in five equal annual payments at an interest rate…
A: Loan means lending money by one or more individuals or organizations to other individuals or…
Q: How much in each of the quarterly installments if rate of interest 10% compounded bi-monthly?
A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…
Q: A man borrowed K6,000 a 7% and agrees to pay back by making equal payments at end of every month for…
A: Amortization schedule: A table that details the regular payments for an amortizing debt is called an…
Q: MARIA LOANED AN AMOUNT OF P100,00.00 PAYABLE IN 15 EQUAL QUARTERLY INSTALLMENTS THE FIRST PAYMENT…
A: Loan Amount = P100,000 Time Period = 15 Quarters Interest Rate = 10% compounded bi-monthly
Q: a. Set up an amortization schedule for a $19,000 loan to be repaid in equal installments atthe end…
A: The above question deals with the amortization of loan by way of annuity payments and observing the…
Q: Niles needs £650,000 to set up his business. Bank A is willing to lend him the money under the…
A: The amortization schedule refers to the breakdown of payments of a loan. It is used by borrowers to…
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 owes P50,000.00 with interest at 9% payable semi-annually. What equal payments at the…
A: Semi-annual repayment is a payment made every six months to repay the debt amount with a certain…
Q: Create a loan repayment schedule for a loan of $30295 and payments of $8482 made annually. Assume a…
A: Given, Loan amount: $30,295 Annual payment: $8,482 Interest rate: 6.13% per year (compounded…
Q: a loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first payment was…
A: The loans are equated periodic payments that carry the payment of loan principal and payment of…
Q: A person borrowed a loan and pledged to repay it and its interest using the amortization method, out…
A: The present value of the annuity should be used here since the payment is made at regular intervals…
Q: Brandt receives a loan of S10000 from a bank at an annual interest rate of 6% compounded monthly to…
A: Loan is contract between lender and borrower where lender provide funds to borrower that is repaid…
Q: castor borrowed today from Chuchu P100,000.00 and agreed to repay the loan with 3 equal monthly…
A: Time value of money :— According to this concept, the value of money in present day is greater than…
Q: Solve the problem below on Amortization. (Round amounts to the nearest centavo) Mr. M. Roque obtains…
A: Loan amount (PV) = P 60,000 Interest rate = 8% Quarterly interest rate (r) = 8%/4 = 2% Period = 3…
Q: If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years…
A: monthly rate (r) = (1 + 11.6%/4)1/3 - 1 = 0.9575% FV = 0 N = 6*12 PMT = 7,338 use PV function in…
Q: An individual borrows £15,000 to be repaid in 10 years with monthly payments at the end of each…
A: Loans are repaid through fixed periodic payments. The fixed periodic payments include both interest…
Q: Mr. Espinoza's debt of P160,000 is amortized by making equal payments at the end of every three…
A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…
Q: at the payment. 5. Mr. dela rosa borrowed from his friend P 250,000.00 He promised to pay the amount…
A: Borrowing = 250,000 Time Period = 5 years × 4 = 20 Quarters Interest Rate = 15% / 4 = 3.75% per…
Q: . Mr. Formento pays at the end of every month for a loan that charges 5% inter ompounded quarterly.…
A: There are many types of annuities depending on the payment at the end or beginning or whether it is…
Q: If I plan to avail of a loan today and I will pay it P7,938 every end of the month for 6 years…
A: Equivalent annual rate = (1 + 11.09/4)4 - 1 = 11.56% Monthly rate (rate)= 1.1156^1/12 - 1 =…
Q: Elikplim Atayo took a loan facility of ¢1,000,000 from Amegbletor Bank ltd. He agreed to repay the…
A: If a loan is taken, then the repayment should be made after some time period. The payment method…
Q: next 4 years, how much must you repay at the end of each year? O a. $3672 O b. $3384
A: PMT is defined as the payment per period or year, in order to compute this the number of years…
Q: -. Castor borrowed today from ChuChu P100,000.00 and agreed to repay the loan with 3 equal monthly…
A: Monthly Payment is calculated using Financial Calculator PV = -100,000 I/Y = 12%/12 = 1% N = 3…
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- 1. PEDRITO OBTAINS A LOAN FOR $140,000.00 FOR A TERM OF ONE YEAR AND EIGHT MONTHS WITH A SIMPLE INTEREST RATE OF 4.0 PER MONTH a) IF THE ACCRUED INTEREST IS PAID AT THE END OF EACH MONTH, HOW MUCH SHOULD YOU PAY? b) IF THE INTEREST OBTAINED IS PAID AT THE END OF THE ESTABLISHED PERIOD, HOW MUCH WILL YOU PAY IN TOTAL FOR INTEREST?A man obtained a loan from the bank worth P 400,000.00 payable within 4 years from the time the loan was granted in equal monthly installment. The first payment is due after 1 year. If the interest rate is 8% compounded annually. Calculate the amount of his monthly payment.A man bought an equipment worth P207.854 payable in 20 quarterly payments, each installment payable at the beginning of each period. If the rate of interest is 16.674% compounded bimonthly. how much does he need to pay quarterly?
- Mr. Eden borrows from the bank P600,000 at 12% pa, agreeing to pay the loan in 15 equal quarterly payments. What should the payments be if the first payment is to be made six months from now?a. P51,767.74 b. P P54,920.40 c. P53,320.78 d. P56,568.01Johnson takes a loan of RM600,000 from a bank. The bank charges an interest rate of 6.6%per annum compounded monthly. He agrees to repay his loan by making two equal payments at the end of the third year and the fifth year. Question Find the repayment amount.John deposits Ghs|250 at the of each month for 5 years account that credits interests at a nominal rate of 6% pe annum compounded monthly .How much is in his account on the date of the last deposit?.
- Every three years, D will pay Mr. J 5,000 at 8% rate to settle his loan. Mr. D will use which formula to compare with cash payment? A. Future value of IB. FV of AnnuityC. Present Value of ID.1. An employee obtained a loan of P 10,000 at the rate of 6% compounded annually in order to build a house. How much must he pay monthly to amortize a loan within a period of 10 years? 2. How much money would you have to deposit for 5 consecutive years starting one year from now if you want to be able to withdraw P 50,000 ten years from now? Assume the interest is 14% compounded annually. 3. A certain annuity pays P 80 at the end of every 3 months for 12 years. If the present value of the annuity is P 1,200 and the accumulated amount is P 2,000 determine the nominal rate. 4. An annual deposit of P 1,270 is placed on the fund at the end of each year for 6 years. If the fund invested has a rate of interest of 5% compounded annually. How|| much is the worth of this fund at the end of 9 years? 5. A man owes P 10,000 with interest at 6% payable semi-annually. What equal payments at the beginning of each 6 months for 8 years will discharge his debt? 6. A farmer bought a tractor costing P…A man pays his debt in the following manner: P1000 after year 1, P900 after year 2 and P800 and year3 and so on up to 6th year. Find the accumulated amount of these payments at the rate of 15%compounded annually?
- A person borrowed a loan and pledged to repay it and its interest using the amortization method, out of the loan principal with interest in four installments. Each installment is paid at the end of every six months. If you know that the interest rate is 5% annually and that the first installment of the principal amount and its interest is 840 dinars, so the value of the loan amount is??A - 3200 dinarsB - 3600 dinarsc 4000 dinarsD - 4500 dinars.A man borrows S195,500 from a bank with interest at 7% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 yearh. Find the annual payments. S60,203 b. S60,354 4. $60,487 d. S60,589 e. $60,758A man deposits P500 in a credit union at the end of each year for 5 years. The creditunion pays 5% interest, compounded semiannually. At the end of 5 years, immediatelyafter the fifth deposit, how much does the man have in his account.