2.Omega borrows Rs. 33,10,000 to finance the expenditure of his son’s education. The loan is to be repaid in three equal payments at the end of each of the next three years. The lender charges rate of interest at the rate of 10% per annum, compounded annually on the balance at the beginning of each year.   A.How much interest was included in each payment? How much repayment of principal was included in each payment?   B.Why does the amount of repayment of principal increase over time?   C. Why does the amount of repayment of principal increase over time?

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

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Q: 2) It's time to buy a car! You decide on a model with a price of $24,850. With decent credit, you…

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A: PMT=PV×i×(1+i)n(1+i)n-1where,PV is the loan amount, PMT is the monthly payment, i is the interest…

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A: Formula of Simple interest: A=P1+rt where A= Final amount P= Initial Principal balance r= Annual…

Q: 1. A loan charges in BDO Bank 12.5% simple interest for 4 year, 80,000 Pesos? A. Compute for the…

A: We have to find the total interest of the loan and the total amount that must be paid.

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A:

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Q: A new employee charged $4130 on his credit card to relocate for his first job. After noticing that…

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Q: Determine the quarterly payment necessary to repay a $25,500 loan if the interest is computed at a…

A:

Q: c) A loan of $A is made on 20 April 2015 at a simple interest rate of 6% per annum. The accumulated…

A: Please refer to the image below

Q: A $2100 loan carrying interest at 5% per annum simple interest began on July 12 and was repaid on…

A:

Q: Martin received loan to purchase a locker at his condominium for $4000.The loan was amertized over…

A: Given, Principal=$4000Intreset=3.26%=0.0326Time=2 years The formula for calculating the amount for…

Q: 2.Consider a student loan of $18,000 with an APR of 6% for 8 years. Find: a) the monthly payment;…

A:

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

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A: Solution:- first calculate the total amount paid in 10 years

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A: