Cardinal Financing. A financing firm, lent an Engineering Company PHP 500. 000.00 for the retrofitting of their building. The loan is to be paid for 5 years at 10% simple interest. How much will the company pay at the end of 5 years?

Q: You decided to buy a truck and you do not have sufficient funds to buy the truck. So, decided to…

A: Truck Loan: When a loan is taken out to finance the purchase of a vehicle, it is repaid over the…

Q: An investment that cost ₱300,000 was placed in a bank and the bank gave you a 4% compound interest…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: an company XYZ offers compounded annually. What loan company will you borrow money, then justify why…

A: Simple interest rate is the rate of interest that is being charged on the principal amount of a loan…

Q: DAMIPERA Corporation, a lending institution, provided a loan to LAPERA Company for Php5,000,000 on…

A: On 01.01.2020, DAMIPERA corporation provided loan to LAPERA company = Php5000000 Loan term = 5 years…

Q: CA person wants to have (5000 CU) pay for his education at the end of each year for (6 years). It…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: 6. Assume a retail shopping center can be purchased for $6.0 million. The center's first year NOI is…

A: The Debt Coverage Ratio (DCR) is a pivotal financial metric utilized to gauge a company's capacity…

Q: 9. Calculate the annual payment for a 20-year mortgage on a P3.5 million building at a 7.5% interest…

A: Solution:- When an equal amount is paid each period at end of period, it is called ordinary annuity.…

Q: You want to purchase a machine for your business and you are given 3 different payment schedules:…

A: Given, Three payment schedules Rate of interest is 10%

Q: A new office building was constructed 5 years ago by a consulting engineering firm. At the time the…

A: Initial Loan amount is P10,000,000 Initial Interest rate = 20% annually for 10 years but after 5…

Q: . Consider a $140,000, 7-year loan at 5 percent interest. The loan agreement requires the firm to…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: You bought a house on loan worth Php 5,000,000, payable in 20 years starting the following year. For…

A: Loan Amount = Php 5,000,000 Total Time Period = 20 Years Interest rate = 10% compounded yearly

Q: RM23,500 was invested in a bank for 3 years 7 months. If the interest rate offered was 9.6%…

A: Using excel FV function

Q: Outstanding Regular Payment Principal Component of Payment Period Interest Balance Component of…

A: A = Loan amount =              100,000.00 B = Regular Payment =                31,547.08 C =…

Q: YVONE trading borrowed Php 200,000 from BLP Rural Bank at 9% discounted rate for one year and six…

A: Borrowed amount (B) = Php 200000 Discount rate (d) = 9% n = 1 year 6 months = 1.5 years

Q: kps.4

A: The objective of the question is to calculate the maturity value of an investment under two…

Q: How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth…

A: The loan which is discharged by making installment payments consist of two components as interest…

Q: 7. A company borrowed $100,000 from a bank, which charges them an interest rate of 5% per year.…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Suppose that you borrow a certain amount of money at 4% effective and you will repay the loan by…

A: Loans are paid by the equal fixed periodic payments that carry the payment for interest and also…

Q: Outstanding Principal Component of Payment Interest Regular Payment Period Balance Component of…

A:

Q: . You want to purchase an office building in Brooklyn that is expected to generate $241345 net…

A: Loans are given based on the ability to pay the loan and that is decided by the debt service…

Q: Assume you borrowed $20,000 and the terms of the loan include paying 4% interest for a period of 10…

A:

Q: y borrowed $7,900,000 from a bank.The company repaid the loan after 3 years with a single payment of…

A: Borrowed amount “P” = $7,900,000 Number of years “n” = 3 Future Value of repayment “Fv” =…

Q: Hanzalah took a loan of RMY from Bank ABC at interest rate of 4.5% compounded monthly.After 10…

A: We need to use compound interest formula to solve this formula A=P(1+i)n Where A=Final payment…

Q: A company is buying a new machine for $100,000. Bank credit is used to finance the entire amount at…

A: Loan Amount = $100,000 Interest Rate = 10% Time period = 3 Years

Q: A building is sold for ₱10,000,000 and the bank requires 18% down payment. If the effective rate of…

A: Down payment = 18% Mortgage payment = 100% - 18% = 82% Mortgage amount (M) = 82% of P 10,000,000 = P…

Q: You get a 25-year loan of Php150,000 with a 8% annual interest rate.  What are the annual payments?…

A: Annual payment of loan can be calculated by using this formula PMT =(PV*r)/[1-1/(1+r)n] Where PMT=…

Q: Given that the $400,000 loan with a 8% interest rate over 4 years. Show how to get the beginning…

A: Monthly payment= Loan/(PVA, 8%,4 years) = 400000/3.31212 = $ 120768

Q: A building is sold for $100000 and the bank requires 20% down payment. If the effective rate of…

A: Calculate the amount of loan after down payment by deducting the down payment amount from the value…

Q: Company A is contemplating on borrowing $500,000 to start a business. Credit union 1 has offered to…

A: Union 1 principal = $500,000 Interest rate =14% (compounding continuously) Loan Life = 5 Years…

Q: 1. Find the present value at 12% interest of Php 1,000 due in 5 months.

A: As per our Q&A honor code, we must answer the first question (or specify one question) when…

Q: The hotel you manage just purchased a new piece of property that is financed with a $250,000…

A: A type of loan in which the borrower has to make a schedule for the periodic payment regarding both…

Q: 9. Marissa took a loan of RMY from Bank Perpaduan at interest rate of 6.5% compounded every two…

A: The formula for compound interest is: A=P(1+rn)nt A is the final amountP is the initial principal…

Q: LIU borrowed money to enhance the labs. The loan is $1 million for 3 years at 5% per year simple…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: loan from Bank B. What is the amount of loan to be paid back to Bank A? Prepare a bank amortization…

A: Simple interest is defined as Interest that is calculated as a simple percentage of the original…

Q: 1. Compute the initial value of the money if the borrower needs deposit the accumulated amount of…

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

Q: An institutional lender is willing to make a loan for $1 million on an office building at a 6…

A: Future value The value of today's money on a future date at a given interest rate is known as the…

Calculating the Return On A Loan