A loan of X pesos will be paid in 48 equal monthly payments, starting 6 months from the release of the loan. The required monthly payment is P5,782. The interest rate is 18 percent compounded monthly. What is the value of X?   A. P160,000   B. P180,000   C. P240,000   D. P360,000

Q: A cash loan is to be repaid by paying $13,500 at the beginning of every month for 3 years. If…

A: Here, Monthly payment = $13,500 Number of years = 3 years Interest rate = 12% Payment at the…

Q: What is the lender's yield on a $225,000 loan at 11 percent with monthly payments over 25 years if 4…

A: The term "lender's yield" typically refers to the effective interest rate that the lender receives…

Q: Q7. The annual payment of alorry is 40, 000 Euro find out theloan amount which is granted for4 years…

A: The objective of the question is to find out the loan amount for a lorry with given annual payment,…

Q: Payment of loans: Calculate the value of the monthly payments for a loan of ¢300,000.00 in a credit…

A: Monthly Installments - - It includes a portion of principle payment along with Interest. Monthly…

Q: A $2,500 loan is offered for 27 months at 5.2% compounded annually. maturity value? Refer to the…

A: Loan = $2500Interest rate = 5.2% compounded annuallyPeriod = 27 months or 2.25 year

Q: Q7. The annual payment of a lorry is 40,000 Euro find out the loan amount which is granted for 4…

A: The objective of the question is to find out the loan amount for a lorry with an annual payment of…

Q: 1. A P300,000 loan is to be paid as follows: P 10,000/month month 1st month to 10th P20,000/month.…

A: Loan amount = P 300000 Interest rate (r) = 12% per annum = 1% per month 1st to 10th month: P 10000…

Q: A P15,000 loan at 6% compounded semi- annually is to be amortized in 6 months. Find the monthly…

A: monthly rate = (1 + 6%/12)1/6  -1 = 0.49386% N = 6 FV = 0 PV = 15,000 use PMT function in Excel…

Q: A loan of P47,300 is to be amortized by equal payments each month for 6 months . If interest is 12%…

A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…

Q: Debt payments of $800.00 due now and $1400.00 due in five months are to be repaid by a payment of…

A: Present value refers to the discounted value of the cash flow at the interest rate for the given…

Q: £10,000 loan at 6% simple interest. The entire loan is to be repaid in one lump sum after five…

A: The formula to determine the annual interest amount is as follows: Interest = Loan Amount * interest…

Q: How much is the outstanding balance of a loan after 3.5 years that is worth 5,500,000 pesos if the…

A: Loan outstanding, also known as the outstanding balance or principal balance, refers to the…

Q: a. Calculate the interest component of Payment 10. Interest $. 1187.03 b. Calculate the principal…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: A loan of 200000€ will be repaid with %12 nominal interest. convertible over 3 months. the debt is…

A: Loan Amount is 200,000 Nominal interest rate convertible over 3 months is 12% Time period is 72…

Q: 25. A loan of R15,000 is charged at an annual interest rate of 8%, compounded monthly. If the loan…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: 5. A man takes out a loan of P150, 000 from a credit cooperative, which charges interest at the rate…

A: Simple interest: Simple interest is the amount of interest that is determined for a principal amount…

Q: What are the benefits derived from a riodic payment of 700,000 dinars paid at end of every 6 months…

A: Given information: Semi-annual payments : 700,000 dinars Rate = 4% annually and 2% semi-annually…

Q: A 3,000,000 peso loan is to be amortized at 4.55% quarterly for 2 years. Solve for the value inside…

A: Here, Loan Amount is 3,000,000 pesos Interest Rate is 4.55% Time Period is 2 years Compounding…

Q: What is the amount of compensating balance would be required for a nominal interest rate of 12% to…

A: Borrowings are the loan which is taken by the individual to meet its financial requirements. The…

Q: A 3,000,000 peso loan is to be amortized at 4.55% quarterly for 2 years. Solve for the value inside…

A: Amortization table:  An amortization table is a timetable that breaks down every monthly loan…

Q: A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Annual Percentage Rate(APR) is nothing but the rate of interest charged to borrower and it will be…

Q: what is the monthly payment for a loan of 140,000 30 year fixed rate of Apr of 7.5% what is the…

A: Using excel PMT function

Q: A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT DUE AT…

A: Loan amount = P80,000 Annual interest rate = 0.10 or 10% Annual period = 1.5 (i.e. 18 / 12) Amount…

Q: Q7. The annual payment of a lorry is 40,000 Euro find out the loan amount which is granted for 4…

A: The objective of the question is to find out the loan amount and prepare an amortization table for a…

Q: What would be r in this problem? A P100,000 loan is to be paid monthly for 2 years with an interest…

A: Effective Annual Rate: The effective annual rate of interest is the actual or the real rate of…

Q: If you borrow $100,000 at an annual interest rate of 10% for six years, what is the annual payment…

A: Given:

Q: Senyor Pigafetta borrowed today from Ginoong Lapulapu P300,000.00 and agreed to repay the loan with…

A: M = Mortgage amount P300,000.00 i = Monthly interest rate 0.01 (i.e. 0.12 / 12) t = Number of…

Q: Monthly payments of P800 each are used to settle a loan for 8 months at 8% compounded monthly. Find…

A: Monthly payment (P) = P 800 Interest rate = 8% Monthly interest rate (r) = 8%/12 =…

Q: An air conditioner is for sale at P20,000 in cash or on terms, P1,650 each month for the next 18…

A: Given,  The sale price is P20,000. Payment is P1650 for each month is 6% compounded monthly Number…

Q: The ordinary simple interest charged after 130 days on a loan of 10,000 200 pesos is 775 pesos find…

A: Simple interest is simple interest without any impact of compounding that means no interest on…

Q: A loan of $28,000.00, made 6 months ago, will be repaid by 3 equal payments – one today, one in 11…

A:

Q: A P15,000 loan at 12% compounded quarterly is to be amortized every 3 months for 12 years. Find the…

A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?

Q: A loan of $25,000 at an annual rate of 14% is repayable through 5 annual year-end payments. The…

A: Certainly! To calculate the annual payment on a loan, you can use the formula for an annuity…

Q: A loan of £10,000 is repaid in 10 annual instalments of £1,3 What is the interest rate? i= Enter a…

A: in this question we will be calculating the interest rate on the loan ℒ10,000 repaid in  10 annual…

Q: A firm is borrowing $1 million to expand its operations. The annual interest on the loan is 13% and…

A: Quarterly loan installment can be calculated using the following formula.   Periodic Payment = P x R…