A loan of Php 50,000 is made for a period of 13 months, from April 1 to April 30 of the following year, at a simple interest rate of 20%. What future amount is due at the end of the loan period?

Q: A warehouse is initially rented for Php. 100, 000.00 a year. If the 10-year lease contract indicates…

A: The objective of the question is to calculate the present worth of a 10-year lease contract for a…

Q: Kofi and Nana made two investments of $25,000 and $40,000 with different investors that yielded a…

A:

Q: 3. Two years ago, ASARCO, Inc. invested P580,000 in a certificate of deposit that paid simple…

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Q: What is the present worth of a $700 payment that occurs at the end of year 1 and repeating yearly…

A: Present value is the sum of money that has been discounted from a certain future value or from a…

Q: A man borrowed P20,000 from a local commercial bank which has a simple interest of 16%, but the…

A: The actual interest rate reflects the change in buying power resulting from an investment or from…

Q: A bond with a face value of $10,000 pays interest of 6% per year. This bond will be redeemed at its…

A: Bond valuation is a method for figuring out an individual bond's hypothetical fair value. Bond…

Q: Your sister needs money and comes to you with a deal. She asks you to pay $2,000 at the end the…

A: Given,  Your Sister asks you to pay $2,000 at the end of the first yearIncreasing this by $500 till…

Q: A rich donor gives a hospital $950,000 one year from today. Each year after that, the hospital will…

A: Payment made at the end of year 1 = 950000 $ Time = 10 years interest rate = 10 % Increase in…

Q: 2. If a Plastics company purchases a new building now for $1.3 million for its corporate…

A: The amount that a present investment will increase in value over time when kept in a compound…