A man purchased a car with a cash price of P350,000. He was able to negotiate with the seller to allow him to pay only a down payment of 20% and the balance payable in equal 48 end of the month installment at 1.5% interest per month. Once the day he paid the 20th installment, he decided to pay monthly payment. What is the remaining balance that he paid? OPTIONS A. P186,927.24 B. P188,225.00 C. P187,701.26 D. P185,900.20

Q: 3. Don Blaza bought a property for 300,000 down payment and the balance in 10 deferred semi-annual…

A: Here we calculate the given by following method as follow;

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A: To find the correct option and explain the process let's go step-by-step through the problem:Step 1:…

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A: The entrance and outflow of cash and cash equivalents are referred to as cash flow. The cash flow of…

Q: How long will it take for an investment of $32,000 in a mutual fund to mature to at least $100,000…

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Q: A sailboat costs $30,357. You pay 10% down and amortize the rest with equal monthly payments over a…

A: Monthly payments refers to a borrower pays down some of the outstanding balance with interest and…

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Q: 1. Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year,…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first questions for you as…

Q: 21 Determine the present worth and the accumulated amount of an annuity consisting of 6 payments of…

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A:

Q: A man buys a house and lot worth P 150,000 if paid in cash , on the installment basis . He pays P…

A: Given, Principal Amount- p150,000 Down-payment- P50,000 ROI-14%

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Q: ngineering Economics Determine the present worth of an annuity consisting of 6 payments of 120,000…

A: 6 annual Payments of 120,000 Interest rate = 15%

Q: The value of annual(A) uniform payments over years 1-5 is equivalent to a payment schedule of 200,…

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Q: V of se00 paid each 6 mentha for s years at a nominal rate of 12% compounded semiannualy. De not…

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A:

Q: b) 0 1 2 25 50 75 1 2 60 75 Year Cash Flow/$ Year 0 Cash Flow/$ 35 3 4 100 125 3 110 135 5 150 5 160

A: The Future Value Interest Factor will be considering the interest rate, time period, and compounding…

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A: In the question, the following are the values given: Each year payment = $3000 Number of years = 12…

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A:

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A:

Q: A perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How…

A: Investment amount = $159,000 Rate = 4% = 0.04 Withdrawal = Investment * Rate/2    = 159,000*0.04/2…

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A: Given: A=R 2500 Number of deposits (n)=10 Rate of interest (r)=9%

Q: Luis are new Engineering student at SDSU; his Unde left him $600,00. He has been decided to put it…

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A: We are going to use Present Value of money concept to answer this question.

Q: Stephen loaned P600,000.00 from a bank with interest at 6% compounded annually. He agreed to pay his…

A: The future value of an annuity is the worth of a group of recurring payments at a specific date in…