A PIECE OF MACHINERY CAN BE  BOUGHT FOR P10,000.00 CASH OR FOR P2,000.00 DOWN AND PAYMENTS OF P750 PER YEAR FOR 15 YEARS. WHAT IS THE ANNUAL INTEREST RATE FOR THE TIME PAYMENTS? a.5.71% b.3.81% c.4.61% d.11.00%

Q: A loan was to be amortized by a 5 end-of-year payments forming an ascending arithmetic progression.…

A: Here, First Payment is P 10,000 Increase in Payment is P1,000 Interest Rate is 10% Time Period of…

Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…

A: In Simple Interest Case, FV = PV + (PV x r x n) FV = PV x {1 + (r x n)} Therefore, PV = FV / {1 + (r…

Q: . dA car costing P1.2M is to be paid off by monthly payments over five years at a 10% annual…

A:

Q: What monthly payment is required over 8 years to equate with a future amount P90,000? Assume…

A: Monthly payment refers to the amount which is paid on a periodic basis. The period of monthly…

Q: three years from now. What is the present value of the investment if the rate of interest is 12%…

A: The given problem can be solved using PV function in excel. PV function computes present worth for…

Q: What is the present value of $14,000 to be received in one year if the interest rate is 8% p.a.? a.…

A: Using excel PV function

Q: months, how much is the monthly payment?

A: Monthly Payment: Monthly payments represent payments made by the borrower to the lender for taking…

Q: A man borrowed P12,000 and agreed to repay it with P4,650.70 interest. If the interest is 6%…

A: Borrowed amount (PV) = P12000 Interest amount = P4650.70 Future value (FV) = 12000+4650.70 =…

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: I) II) What is the present value of 10 payments of 1500 riyals each, at a rate of 12%? A loan of…

A: Present value is an estimate of future cash flows discounted at an assumed interest rate over a…

Q: f a Condura Ref. costs P 24,830 will have an interest of P 2505 monthly that is payable for a year,…

A: The rate of interest is the basis for the calculation of monthly, annual, or quarterly interest. Any…

Q: What is the quarterly payment on a loan of $22,000 for 5 years at i= 8% per year, compounded…

A: Mortgage/ Borrowings:  Borrowings are the loan which is taken by the individual to meet its…

Q: A person buys a piece of lot for P100,000 down payment and 10 deferred semiannual payments of P8,000…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: What was the rate of interest if compounded monthly?

A: Rate of interest on a deposit is the agreed interest rate on which the loan or deposit is being…

Q: An investment of $11,550 is deposited for 3 years at 2.2% compounded monthly. At this point, the…

A: Deposit=$115503 years , interest rate is 2.2% compounding monthly5 years, interest rate is 1.95%…

Q: Suppose you have $2,200 and plan to purchase a 10-year certificate of deposit (CD) that pays 10.9%…

A: b. $6,190.68 Explanation:We can calculate the future value of the CD using the compound interest…

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: A. How much is the amount of the loan? B. How much is the payment on the first period? C. For the…

A: The amount of the loan is the stated loan amount. The interest component can be calculated by…

Q: your given the following information about a home loan: loan amount 300000 number of years 25 years…

A: As per the Given Informatin we have, Loan= 300,000 Interest Rate Given=7% Upfront Rate=3% Total…

Q: What interest rate compounded bi-monthly is needed for an amount of P20,679 to increase to P30,550…

A: Using Excel Function:     With Formulas:

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: Jane Doe plans to make twelve end-of-month payments of $18,000 each on a short term investment…

A: The time value of money (TVM) is a financial concept that recognizes the idea that money has a…

Q: Mario and Luigi each own half of a mushroom pizza parlor. They want to expand by purchasing a second…

A: Valuation of the entity is defined by the round of funding. It is determined by how much % of shares…

Q: What is the amount that a company can borrow today if its ann capacity is 10,000 KD, the loan…

A: Loans are paid by annual payments and these carry the payment for loan and pay for interest amount…

Q: If a loan of ₱45,000 will amount to ₱76,400 when converted quarterly for 3.25 years what interest…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: 1.Suppose that a client borrows a loan amount of R50,000 at annual interest rate of 10% compounded…

A: Interest is the periodic obligation of the borrower to pay towards the sum borrowed. It is computed…

Q: A computer is being sold for RM5,000 cash. Through an instalment purchase, the purchaser has to pay…

A: Reducing balance method means that interest is charged on the principal amount of loan outstanding…

Q: What is the purpose of a financial ratio analysis? Define a financial ratio for each of the…

A: Ratio analysis provides several benefits for businesses and investors, including Performance…

Q: . A lump sum of $30,000 is invested at 6% compounded monthly for 15 years. For 15 years it then pays…

A: Present Value = $30,000 Interest Rate = 6% compounded Monthly Time Period = 15 Years

Q: The annual cost of a certain service is $42,000 at EOY 1 which decreases by 5.5% per year for a…

A: Annual Cost at end of year 1 = 42,000 Growth Rate = -5.5% Time Period (N) = 12 years Interest Rate =…

Q: a. Determine the equal payment series coumpound amount factor after 8 years b. Determine the total…

A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…

Q: Q) $15,000 is invested in an account at time 0. At the end of 4 years, Invested into the same…

A: Future Value Future value (FV) is the value of a current asset at a future date based on an assumed…

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: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…

A: Compound interest is an investment method where the interest earned is reinvested back which earns…

Q: b. If you borrow R13,000 at 8% compounded annually with the repayment schedule below, what is the…

A: Loan amount = R 13000 First payment of amount A occurs in year 2 and last payment is worth (A+600)…

Q: what would be the required interest payment for a 30-day mont

A: Hi student ! Requirement is assumed.

Q: a b C d e Amortization Payment Payment Period every year every 3 months every month every 6 months…

A: The amortized payment can be calculated using the present value of loan, payment frequency and…

Q: P1M if paid in cash. What is the amount of the building today for 12y the rate of 4.83% compounded…

A: Continuously compounded interest is interest calculated on both the initial principle and all…

Q: A certain investment earns P2,000 in 18 months at a rate of 8% simple interest. How much is the…

A: Simple interest is interest that is paid or calculated solely on the principal sum of money. It does…