Answer the Situation below correctly show your complete solution.I already provided the answer I just need the SOLUTION. ( Annuities ) A loan of 30 000.00 Php is to be paid monthly for 5 years that will start at the end of 4 years . If converted monthly at 12 % , how much is the monthly payment ? a . The type of annuity illustrated in the problem is _________________. b. The total number of payments is ______. c . The number of conversion period in the period deferral is ___________________. d. The interest rate per period is _________. e . The present value of the loan is_______. Answers: a. Deferred Annuity; b. 60; c. 47; d. 0.01; e. 30 000.00 Php
Answer the Situation below correctly show your complete solution.I already provided the answer I just need the SOLUTION. ( Annuities ) A loan of 30 000.00 Php is to be paid monthly for 5 years that will start at the end of 4 years . If converted monthly at 12 % , how much is the monthly payment ? a . The type of annuity illustrated in the problem is _________________. b. The total number of payments is ______. c . The number of conversion period in the period deferral is ___________________. d. The interest rate per period is _________. e . The present value of the loan is_______. Answers: a. Deferred Annuity; b. 60; c. 47; d. 0.01; e. 30 000.00 Php
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Answer the Situation below correctly show your complete solution.I already provided the answer I just need the SOLUTION.
( Annuities )
A loan of 30 000.00 Php is to be paid monthly for 5 years that will start at the end of 4 years . If converted monthly at 12 % , how much is the monthly payment ?
a . The type of
b. The total number of payments is ______.
c . The number of conversion period in the period deferral is ___________________.
d. The interest rate per period is _________.
e . The
Answers: a. Deferred Annuity; b. 60; c. 47; d. 0.01; e. 30 000.00 Php
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