A P2,000,000 loan was originally made at 8% simple interest for 4 years. At the end of this period, the load was extended for three years without the interest being paid, but the new interest rate was made 10% compounded semi-annually. How much should the borrower pay at the end of 7 years?

Q: 14. Audrey buys a piece of lot for P160,000 down payment and 12 deferred semi-annual payments of…

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

Q: 10. What is the annual interest rate on a 1000 dollars loan in which all interest is paid at the end…

A:

Q: 490 per year to purchase equipment for his business. Complete the following table by calculating the…

A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Q: A man deposits P 1,000 at the end of each month for 3 years at a nominal rate of 12% compounded…

A: Given, Nominal rate of interest (r) = 12% compounded monthly   For finding the effective interest…

Q: 3.Suppose that a $100 lump sum amount is invested for 10 years at a nominal interest rate of 6%…

A: Investment is $100. Since the interest rate is compounded quarterly the interest rate per quarter…

Q: Determine the effective rates of interest for the following nominal rates of interest: a.) 9%…

A: The formula for calculating effective rate of interest is r = (1 + i/n)n - 1 where, r is effective…

Q: 10. Determine the accumulated amount using exact simple interest on $1,000 for the period from…

A: Given that, Principal (P): $1000 Rate (R): 15% Time (t): 312 days

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: 18.b

A:

Q: What equal monthly payments will repay an original loan of $1,000 in sex months at a nominal rate of…

A: The rate of interest is divided into two forms: effective interest rate and nominal interest rate.…

Q: 2. 3. purchase! You borrow $80,000 at 5.00% per year and will pay off the loan in equal payments…

A: The majority of times when taking out a loan for personal use, equal payments will be made either…

Q: Jan borrows $4,000 to buy a new digital camera. The loan is to be repaid with four equal semiannual…

A: Compound interest is the yield on assets that is computed using both the original principal and the…

Q: ind the monthly house payment necessary to amortize the following loan. order to purchase a home, a…

A: Future value is the value of a resource at a particular date. It estimates the nominal future amount…

Q: You have a student loan with a 10% APR, compounded monthly, and a $27,000 balance. You plan to pay…

A: Nominal interest rate =10%. per year compounded monthly.Loan balance (P) =$27,000Total number of…

Q: 3. What is the future value in year 10 of the series described in Problem 2?

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: uestion 11 Find the monthly house payment necessary to amortize the following loan. In order to…

A: Loan amount is compounded monthly and number of months in a year is 12. Monthly interest rate is…

Q: n an ordinary annuity (uniform series of payments) if the nominal rate of interest is 8% compounded…

A: a.) CAPITAL RECOVERY FACTOR   When compounded quarterly the interest rate is divided by 4 and the…

Q: r. Lopez is planning for her retired life. He has 10 more years of service. He would like to deposit…

A: From given information First year-end deposit = 5000 Second year-end deposit = 5000+500 3rd…

Q: On the day his son was born, a father deposited to a trust company a sufficient amount of money so…

A: A lender charges a borrower an interest rate that is a percentage of the principal (the amount…

Q: You want to borrow $25,253. You must repay the loan in 14 years in equal monthly payments and a…

A: To solve this problem, we can use the formula for calculating the monthly payment on a loan with…

Q: 4. Find the nominal rate of 22% compounded every 3 months

A: Nominal rate of interest is one kind of interest in which the interest rate is calculated without…

Q: An entrepreneur needs thousand of dollars to launch the global expansion of his software business. I…

A: Effective annual rate (EAR) implies a real interest rate which an investor is expect from his…

Q: How much money would you have to deposit for 5 consecutive years starting one year from now if you…

A: Present Value of an Annuity Investing in a future income stream, such as an annuity, gives you the…

Q: An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on…

A: Given: i = 0.14 or 14% n = 4 years Gradient = -$500 Cash flow in first year = P 10,000

Q: 3. An amortization of a debt is in a form of a gradient series of P5,000 on the first years, P4,500…

A: Present value states that an amount of money today is worth more than the same amount in the future.…

Q: On January 1, you deposit $5,000 in a credit union that pays 8% nominal annual interest, compounded…

A: Interest rate is the amount charged on an amount of money by a lender from a borrower to use the…

Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…

A: Given informtaion: A family borrows $70,000 at 12% for 15 years in order to purchase a home.  We…

Q: 1. Mary buys a 20 year annuity immediate for $100,000 subject to 6% effective annual interest rate.…

A:

Q: 37. A nominal rate of 15% compounded monthly is equal to what effective rate of interest. 18.95%…

A: Answer- "Thank you for submitting the questions.But, we are authorized to solve one question at a…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years…

A: This cash flow contains two uniform series, one is $4500 paid quarterly for the first 8 years and…

Q: You invested $10,000 at 12% interest rate compounded monthly, what is your accumulated amount at the…

A: Present value, P= 10000 n= number of times in a year it is compounded = 12 months t= number of years…

Q: 3. Your beginning salary is $60,000.00. Assume your salary increases by 5% per year. You deposit 10%…

A: here we calculate the saving in each year and last calculate the total  saving after 4 year , so the…

Q: Compute the effective annual interest rate in each of these situations: a. 9% nominal interest,…

A: The effective annual interest rate is the real return on a savings account or any interest-paying…

Q: Mrs. Cruz who is just 30 years old is planning for her retired life. She plans to invest an equal…

A: given that, amount invested P7000 time 30 years(n) interest rate is 11%

Q: Student Emergency Financial Services, Inc.,which makes small loans to college students, offersto…

A: The effective rate of return is returned annually when compounded more than once(i.e annually) in a…

Q: 1. Jessica buys a television set from a merchant who asks P14,000.00 at the end of 80 days. She…

A: "Since you have asked multiple question ,we will solve first question for you.If you want any…

Q: 3.9 For an interest rate of 13% compounded annually, find (a) How much can be lent now if $10,000…

A: Here, it is given that interest rate is 13% that is compounded annually.

Q: Find the compound interest accumulated on BD 14500 at the end 9 years if it is invested at 4%…

A: Quarterly interest rate = 4% / 4 = 1% Number of quarters in 9 years = 9 x 4 = 36 Total interest =…