cessary to pay all liabilities with interest at 18% compounded monthly. a. Determine the OP just after the 30th payment b. Find the final paym

Q: Mr. Padilla agrees to pay P1,300.00 at the end of each month for 20 years, in purchasing a house.…

A: The PV of an asset refers to the value of all its future cash flows discounted at an assumed rate of…

Q: A couple would like to accumulate $20,000 in 3 years as a down payment on a house, by making…

A: Given : Amount = 20000Time = 3yearsRate of Interest = 12% with monthly compounding

Q: Donald buys a machine from Biden Manufacturer and signs a contract that calls for a down payment of…

A: First, we need to determine the equivalent annual interest rate as the payments are made monthly,…

Q: Jie purchased a computer priced at $1316.21, financing it by paying $60.16 on the date of purchase,…

A: A loan refers to a contract between a lender and a borrower where money is forwarded by the lender…

Q: calculate the APR on the loan. round to two decimal places

A: Purchase price2300Down payment600Loan amount1700No.of payments48Payment Amount42.5Monthly…

Q: Andrew Bolkonsky borrows $200,000 to purchase a house for investment purposes on January 1st 2006.…

A: The concept of present value states that a sum of money is worth today more than the same sum of…

Q: how much does he need to pay quarterly?

A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity due…

Q: Your father purchased a townhouse with a cash price of 1.5M. He was able to negotiate with the…

A: We need to use present value of annuity formula given below to calculate monthly payment amount…

Q: Mr. Jimenez buys a parcel of land worth P550,000. He pays a P50,000 down payment and the remaining…

A: The question is based on the concept of Financial Management.

Q: man deposit P 1,000 at the end of each month for 3 years at nominal rate 12% compounded monthly.…

A: Here we have to find the future value of the monthly deposits using the concept of time value of…

Q: A mother borrowed P200.000 with 2% interest monthly and promised to pay the amount in 30 equal…

A: EMI or Equated monthly installment is an arrangement entered between the lending institution and the…

Q: A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly…

A: Given: Particulars Amount Down payment            200,000 Down payment rate 10% Monthly…

Q: Lily purchased a boat valued at $19 000 on an installment plan requiring equal monthly payment for…

A:

Q: Frank had originally promised to pay Jane $1,500 3 months ago, $1,000 today and $1,000 6 months from…

A: Compounding and discounting are the ways to consider the money’s time value at given rate.…

Q: Kelly Malone plans to have $46 withheld from her monthly paycheck and deposited in a savings account…

A: Time value of money is a concept where interest component for the time period money taken is…

Q: Panpan purchased a car. She paid 250,000 as down payment, and 5,500 payable at the beginning of each…

A: Equivalent cash price refers to the equivalent present cost of the car at the time of purchase. It…

Q: A woman borrowed P3, 000, 000 to be paid after 1.5 years with interest at 12% compounded…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Mary bought an electric oven listed as RM 3500 cash through an installment plan which she paid RM…

A: Answer:- a Computation of total interest charged:-  Cost of oven                  = RM3500 Less:-…

Q: Find the future value of a deposit of $15000 at 6% interest compounded monthly for 11 years.

A: As per the guidelines if multiple questions are asked at once, then the solution for the first…

Q: Find the annual payment for the 6 years if a house cost P 400,000.00. Mr Killua will pay S90,000…

A: Installment is the amount of equal periodic payment a borrower has to make to lender in order to pay…

Q: a) Peter wishes to purchase a motor vehicle from a dealer in Johannesburg for R150 000. His bank,…

A: We will use excel function 'PMT' to find the monthly payment for the loan. as shown in the above…

Q: A man borrowed K6,000 a 7% and agrees to pay back by making equal payments at end of every month for…

A: Amortization schedule: A table that details the regular payments for an amortizing debt is called an…

Q: While buying a new car, Mitchell made a down payment of $1,000 and agreed to make month-end payments…

A: Compound = Monthly = 12Down Payment = dp = $1000Payment = p = $240Time = t = (4 * 12) + 9 = 48 + 9 =…

Q: An employee obtained a loan of P100,000.00 at the rate of 6% compounded annually in order to build a…

A: The series of monthly payments is a form of annuity wherein an equal amount is paid every month.

Q: A man paid a 10% downpayment of P 200,000 for a house and lot and agreed to pay the balance on…

A: Monthly Installment: an installment loan in which payments are paid at predetermined intervals; the…

Q: A woman paid 20% down payment of P300,000 for a house and lot and agreed to pay the balance on…

A: given, price = p300,000 downpayment = 20% r=15% m=12 (monthly compounding) pmt = p 33,396.51

Q: Mark deposits $900 at the end of each month in a savings account earning 4.5% quarterly. How soon…

A: Future value refers to the future value of the cash flows that are compounded over a given period of…

Q: Fritz Benjamin buys a car costing $14200. He agrees to make payments at the end of each monthly…

A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…

Q: Mrs Angngad acquired a loan of P50000 from a credit union that charges interest of 16% compounded…

A: Loan amount = P 50,000 Annual interest rate = 16% Quarterly interest rate = 16%/4 = 4% Annual period…

Q: Rally bought a brand new car for P 600,000. He pays a down payment of P 150,000, balance to be…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: Approximately how long will he take to pay off the loan under these​ conditions?

A: Information Provided: Time = 5 years Interest rate = 6.5% Present value = $62,000 Additional payment…

Q: On September 8, Bert Sarkis started an annuity. He arranged to have $60 deducted from his…

A: (a)Deduction amount at month-end paycheck, A = $60 Interest rate = 7% compounded monthlyInterest…

Q: 1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each…

A: The periodic payment is calculated by dividing the loan amount from the present value factor. It…

Q: usinessman borrowed P300,000 with interest at the rate of 6% compounded annually. He agrees to…

A: The annual payment depends on the interest rate and original amount of loan and deferred period of…

Q: At the end of every 3 months, Sam deposits $150 into an account that pays 6% compounded quarterly.…

A: Investors invest in particular securities with an expectation of receiving some gains in future. The…

Q: Engr. Russel Clarete loan an amount of P200,000 at a local commercial bank at 12% compounded…

A: The series of monthly payments discussed here is a form of annuity wherein an equal payment is made…

Q: ason Horton works for Chevron as a welder on offshore drilling rigs. His retirement plan…

A: a) Calculate the future value of the annuity as shown below: Hence, the future value of the annuity…

Q: 26. A owes B the sum of $5000 and agrees to pay B the sum of $1000 at the end of each year for five…

A: It is a problem that requires calculating the payments done in year 6 so that the present value of…