A man owes Php 10,000 with interest at 8% payable semi-annually. Payments are at the beginning of each 6 months for 3 years will discharge his debt. What will be outstanding principal at the beginning of the 6th period? Hint: Construct an amortization schedule. Php 1,763.701 Php 3,543.643 Php 1,987.898 Php 2,567.675

Q: Jumbo Bato borrowed money from Rovin Patila,payable for 3 years. If the interest rate per year is…

A: Data given: Interest rate (r) = 9% p.a. (assumed simple interest rate) n= 3 years   Loan amount (P)…

Q: Dylan purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: Mr. Andi bought a machine and agreed to a loan of Rp. 1,000,000.00 which can be paid in installments…

A: a) When the payment is made today for a loan of 1,000,000, the annuity amount to be paid can be…

Q: Mark Welsch deposits $7,900 in an a earned interest must remain in the ac years? (PV of $1, FV of…

A: Given: Deposit = $7,900 Interest rate = 12% Years = 2

Q: Prepare an amortization table showing the principal and interest in each payment. Annual Period…

A: Loan Amortization Table is a statement used to determine annual payment and differentiate principal…

Q: Jose Lopez has $15,000 in a 6-year certificate of deposit (CD) that pays a guaranteed annual rate of…

A: Certificate of deposite is simply a promissory note which is issued by a financial institution or…

Q: Donald received a loan of $22,000 at 3.25% compounded monthly. She had to make payments at the end…

A: Using excel PMT to calculate the size of the payment

Q: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest…

A: Given that Halep Inc. borrowed $30,000 from Davis4-year note payable stating the interest rate was…

Q: Find the future value of a deposit of $15000 at 6% interest compounded monthly for 11 years.

A: As per the guidelines if multiple questions are asked at once, then the solution for the first…

Q: semi-annually. How much is the interest earned after 8th deposit? a. Php344.81 b. Php1844.81 c.…

A: Semi annual deposit=Php 1500Semi annual interest=6/2=3%Find out interest of 8th deposit.

Q: You have an opportunity to purchase a piece of vacant land for $30,000 cash. If you plan to hold it…

A: Future value refers to the value of the amount to be received in lump sum in the future or in…

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: How much interest interest will be paid by Mr. Scusta Clee, if he borrowed Php515,515 at 3.25% after…

A: The interest earned on the already earned interest along with the principal amount is the compound…

Q: A person deposits an amount of 20,000 dinars in a financial institution with compound interest, the…

A: Amount of Deposit = 20,000 Interest Rate (r) =1% Years (n) =12

Q: Principal Balance 2011 $1,678.46 $5,941.08 $34,058.92 2012 $1,405.53 $6,214.01 $27,844.92 2013…

A: Given,  Loan amount = $40,000 Interest rate = 4.5% No. of years = 6

Q: A person requested a personal loan from the bank and owes 2,500,000 pesos, which he has to pay at 9%…

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

Q: A depositor open a new savings account with $6000 at 5% compounded semiannually. At the end of 4…

A: Information provided: Initial investment "P"= $6000 Investment at the end of 4 years "P1"=$7000…