2. Sheila bought a DSLR camera worth Php45,000 on a 12 monthly installment. The appliance center charges 1 %% interest per month. Find the monthly installment. Construct an amortization schedule. Solution: Period 0 1 2 3 4 5 6 7 8 9 10 11 12 Total Periodic Payment Payment on Interest Repayment Principal Outstanding Principal

2. Sheila bought a DSLR camera worth Php45,000 on a 12 monthly installment. The appliance center charges 1 %% interest per month. Find the monthly installment. Construct an amortization schedule. Solution: Period 0 1 2 3 4 5 6 7 8 9 10 11 12 Total Periodic Payment Payment on Interest Repayment Principal Outstanding Principal

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1. Betty Thomas borrowed $6500 onher Visa card to install a hot tub with landscaping around it. The interest charges are 1.6% per month on the unpaid balance a) Find the monthly interest charges. b) Find the interest charges if she moves the debt to a credit card charging 1% per month on the unpaid balance. (c) Find the monthly savings.
Wilfredo bought a new boat for $18,300. He paid $1,000 for the down payment and financed the rest for 4-years at an annual interest rate of 10%. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan. LOADING... Click the icon to view a table of monthly payments on a $1,000 loan. Question content area bottom Part 1 The monthly payments for this loan are $enter your response here. (Round to the nearest cent as needed.) Part 2 The total interest he paid on this loan is $enter your response here. (Round to the nearest cent as needed.)
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One of your groupmates is planning to purchase a cellular phone. Here are the three offers of an insurer: OFFER A OFFER B OFFER C Mode of Payment: installment Time Payment: at the end of each month Interest: 4.5% compounded monthly Down payment: Php 3000 Monthly Payment: Php 1699 for 1 year Mode of Payment: installment Time Payment: at the end of each month Interest: 4.5% compounded quarterly Down payment: Php 3500 Monthly Payment: Php 1699 for 1 year Mode of Payment: installment Time Payment: at the end of each month starting on the 2nd month Interest: 4.5% compounded monthly Down payment: Php 3500 Monthly Payment: Php 1699 for 1 year ✓ Identify the difference among the three offers by showing the solution for total payment of cellular phone and its interest. ✔Give at least 2 reasons for each offer why your groupmate would choose it.
Direction: Solve and Find for Monthly amortize and Amount of Interest. 1. A newly married couple decided to buy a brand-new car. The net amount of the loan is P 500,000. They plan to amortize the loan in monthly installment for 1 year. If money is worth 12% convertible monthly, how much is the monthly amortization? 2. Janica received a loan from her bank for Php 4,085 for a period of one year. The interest rate is 4.95%. The original loan amount and the interest must be repaid in full at the end of the year. Determine the amount of interest that Janica will pay.
Solve step by step please in digital format Mrs. Martha bought a screen that has a cash price of $ 18,000. She made the purchase on credit, paying 6 monthly installments with an interest rate of 36% per year. Using the constant amortization method ... a. Complete the amortization table b. Calculate the total amount paid for the credit
Subject:
Answer all subpart. Vanna has just financed the purchase of a home for $200 000.She agreed to repay the loan by making equal monthly blended payments of $3000 each at 4%/a compounded monthly. a.Create an amortization table using a Microsott Excel spreadsheet.In your answer include all the formulas used. b.How long will it take to repay the loan? c.How much will be the final payment? d.Determine how much interest she will pay for her loan.
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A customer of your bank comes for a car loan 10000 OMR. He is charged with an interest rate of 5% per year. The customer expects a monthly repayment schedule from you, to plan his repayment. Provide a loan amortization schedule for a monthly repayment of 1 year. (Amortization factor is 0.952 )

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