Christine applied for a cash loan at PCG money lending company amounting to 100,000 pesos at 10.68% annual interest, payable in 12 months. How much is the annual interest? (Write the number only. No need to write the currency.) Answer: How much is her monthly amortization? Round off your answer up to two decimal places. (Write the number only. No need to write the currency.) Answer:

Christine applied for a cash loan at PCG money lending company amounting to 100,000 pesos at 10.68% annual interest, payable in 12 months. How much is the annual interest? (Write the number only. No need to write the currency.) Answer: How much is her monthly amortization? Round off your answer up to two decimal places. (Write the number only. No need to write the currency.) Answer:

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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Derek borrows $40,041.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.01%. After a 11.00 months Derek decides to pay off his car loan. How much must he give the bank? Submit Answer format: Currency: Round to: 2 decimal places. C unanswered not submitted Attempts Remaining: Infinity
It asks how much Monica balance from Account 1 will be over 5.7 years. Round to two decimal places.
Alexei finances her purchase of a $900 television. Her one-year loan has a fixed annual interest rate of 2.5%. Which equation correctly calculates Alexei's monthly payment? 12.0.025 М — -12-1 900 1-(1+ ) 0.025 900-0.025 M -12.1 12 12 1- (1+ 0.025 900.0.025 M = -12-1 0.025 12 1-(1+ 12 12.0.025 M -12.1 900 1- 12 1+ 0.025
Direction: Solve and Find for Monthly amortize and Amount of Interest. 1. A newly married couple decided to buy a brand-new car. The net amount of the loan is P 500,000. They plan to amortize the loan in monthly installment for 1 year. If money is worth 12% convertible monthly, how much is the monthly amortization? 2. Janica received a loan from her bank for Php 4,085 for a period of one year. The interest rate is 4.95%. The original loan amount and the interest must be repaid in full at the end of the year. Determine the amount of interest that Janica will pay.
Valerie refinanced her home loan. The new loan of $103,000.00 has an interest rate of 5.9% compounded monthly. She is planning to pay off the loan in 21 years, what will her monthly payment be? (Round all answers to 2 decimal places.) The monthly payment would be $. Assuming Valerie paid all of the payments on time and did not prepay on the loan. What is the total amount Valerie paid and the total interest? The total amount Valerie paid was $ and the total interest was
1. Citari took a personal loan of RM10,000 and paid equal monthly payments for five years at an interest rate of 6% compounded monthly. a) Find the monthly payment. (RM193.33) b) If Citari fails to pay the first five monthly payments, find the amount she has to pay on the sixth payment in order to settle the outstanding arrears. (RM1174.58)
A man borrows money from a bank but he only received 83% of the amount requested. He signs a promissory note that he would pay P73,330 at the end of 8 years. How much money is requested from the bank if the simple interest rate is 10.211%?
Derek plans to buy a $29,486.00 car. The dealership offers zero percent financing for 52.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $ cash back. He can borrow money from his bank at an interest rate of 4.72%. Submit Answer format: Currency: Round to: 2 decimal places.
Jennifer Kaufman bought a used Toyota Prius for $16,500. She made a $4,500 down payment and is financing the balance at a particular bank over a 3 year period at 12% interest. As her banker, calculate what equal monthly payments (in $) will be required by Jennifer to amortize the car loan. (Round your answer to the nearest cent.)
Kiko bought a smart TV with Php 135,000. Assuming that there is no downpayment, Kiko needs to pay this amount regularly for 2 years. The interest rate is 6% compounded semi-annually. 1.How much is the interest payment for the first semi-annual period? 2.How much is the principal repayment for the first semi-annual period? 3.How much is the outstanding balance after the first payment? Kiko bought a smart TV with Php 135,000. Assuming that there is no downpayment, Kiko needs to pay this amount regularly for 2 years. The interest rate is 6% compounded semi-annually. 1.How much is the interest payment for the first semi-annual period? 2.How much is the principal repayment for the first semi-annual period? 3.How much is the outstanding balance after the first payment?
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How do we work out how much was saved by making the partial payment? I know the answer is $26.91, but I don't know how to get there. Please help me. Polly Flynn borrowed $6,000 for 90 days at 7%. On day 20, Polly made a $2000 partial payment. (Assume ordinary interest) What is Polly’s ending balance due? How much did Polly save by making the partial payment?

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