1234. An employee obtained a loan of P100,000 at the rate of 6% compounded in order to build a house. How much must he pay monthly to amortize the loan within a period of 10 years? a. P8,322.07 b. P1,101.80 c. P2,494.04 d. P3,452.90

Q: Babylon provided Munir with a loan of $28,000 at interest rate of 0.6%. The funds were provided on…

A: To calculate the taxable benefit from the loan provided by Babylon, we need to determine the…

Q: 7 - What is the total amount of money to be repaid at the end of 10 years for a loan of 200 000 lira…

A: In this question we need to compute the Future value of the loan taken today worth 200000 lira

Q: he company will pay $2,000 per month to repay the loan. The bank will charge .75% est per month on…

A: In this we have to calculate present value FACTOR and from that we can get months required.

Q: G) Mohammed deposited RO 50,000 in a savings account at 9% interest compounded semi-annually. At the…

A: Here, to solve these questions we have to use the compound interest formula to calculate fund amount…

Q: A man invested P1,000 per month on a bank that offers 6% interest compounded annually. How much can…

A: The Concept is of Annuity. Annuity is a series of fixed payments/receipts made at regular interval…

Q: ppose that Mark borrowed $27,750 on his car loan, and it is to be repaid in eight equal payments at…

A: Loans are paid by the equal annual payments and these annual payments carry the payment for interest…

Q: Muscat Company buys a bui plot of land for OMR100,000, OMR20,000 cash and signing year mortgage note…

A: Cost of Land = OMR 100,000 Cash paid = OMR 20,000 Mortgage note issued = Cost of Land - Cash paid =…

Q: 5. On December 16, 2018, Mr. Anjo Marquez applied for a Php 750,000 loan. After deducing the…

A: Interest rate is the percentage of interest charged on the particular borrowing for a specific…

Q: 49 A businessman borrowed P310,000 with interest at the rate of 4.7% compounded semi-annually. He…

A: Information Provided: Amount borrowed = 310,000 Interest rate = 4.7% compounded semi-annually…

Q: A contractor took out a loan from a certain bank in an amount that could be repaid over four years…

A: Loans are paid by the annual payments that carry the payment for interest and payment for loan also.

Q: A businessman borrowed P220,000 with interest at the rate of 4.2% compounded semi-annually. He…

A: The future value of money is the amount of money that will be worth at some point in the future if…

Q: Prepare the journal entry to record the loan. (List all debit entries before credit entries. Credit…

A: As per relevant IFRS, Interest Free Loan given by Government shall be recorded at Present Value.…

Q: O P 6,999.39

A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…

Q: ha.3

A: Calculate the Future Value (FV) of the loan at the end of the 5th year:The formula for compound…

Q: Today, Cari purchased a car worth P1.5 million. A down payment of P150,000.00 has been made, and the…

A: Amortization of Loan  Calculation of Equalized Payment ( instalment )

Q: A merchant puts in his P3,000.00 to a small business for a period of six years. With a given…

A: Information Provided: Present value = P 3,000.00 Period of investment = 6 years Interest rate = 20%…

Q: What is the total amount of money to be paid back at the end of 3 years for a loan of 200 000 lira…

A: Using excel FV function

Q: Curtis buys a piece of commercial property for $230,000 He is offered a 20-year loan by the bank at…

A: A mortgage refers to a covered loan that has been borrowed for the purchase of a property. The…

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: A company wishes to have P 350,000 in 9 years from now for building renovation. The company…

A: Amount needed (F) = P 350000 n = 9 years Deposit amount (D) = P 30000 Let r = Interest rate

Q: A man paid a 10% downpayment of P 200,000 for a house and lot and agreed to pay the balance on…

A: Monthly Installment: an installment loan in which payments are paid at predetermined intervals; 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: A person borrowed $9,500 to landscape his yard. The 250-day note had an interest rate of 10%…

A: As per the given information: Amount borrowed - $9,500Period of note - 250-day noteInterest rate -…

Q: 3. Azman purchased a land at a price of RM 280,000. He paid RM W as a down payment and borrowed the…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: wn borrowed RM5 000 from a bank on 30th March 2020.The amount to be pai um,find the date of…

A: In Banker's rule there is consideration that there 360 days in year and calculations are done based…

Q: What is the total amount of money to be paid back at the end of 3 years for the loan of 175 000 lira…

A: Using excel FV function

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A: Loans are paid by equal monthly payments that carry payment for interest and payment for loan also.

Q: Mr. Rafał has opened a four-year compound interest deposit, paying the bank 5000 PLN. The annual…

A: The above problem can be solved by using the compound interest formula which is given as follows:- A…

Q: 3. Rey borrowed P 40,000 at 12 % compounded semiannually. He agreed to pay the lender semiannually a…

A: When a lender gives the money he will charge interest as returns. Semiannual interest payment means…

Q: man borrowed PhP 300,000 and agreed to pay his bligation by paying 8 equal annual payment of PhP…

A: Loans are paid by the annual payments that carry the payment of interest and payment of principal…

Q: At the end of every 3 months, Sam deposits $150 into an account that pays 6% compounded quarterly.…

A: Investors invest in particular securities with an expectation of receiving some gains in future. The…

Q: 1. A friend borrows an amount of P1,000. In 4 years, the money become P2,500 compounded monthly.…

A: Borrowed amount = P 1000 Future value = P 2500 Period = 4 Years Period in months = 4*12 = 48 Monthly…