Elly and Kim are planning for their wedding in 2025. Unfortunately, they can't afford to pay in full thereception. The manager offered a monthly payment of Php 5,300 for 36 months with 2.57% interestcompounded quarterly for them to avail the reception.How much is the contract price of the reception? Round off the answer to the nearest whole number.Php 183,456Php 169,815Php 174,117O Php 174,815

Future Value of Annuity: If a certain rate of return, or discount rate, is assumed, the future value…

Answered: Elly and Kim are planning for their…

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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Elly and Kim are planning for their wedding in 2025. Unfortunately, they can't afford to pay in full the reception. The manager offered a monthly payment of Php 6,420 for 33 months with 1.27% interest compounded quarterly for them to avail the reception. How much is the contract price of the reception? Round off the answer to the nearest whole number. Php 200,825 OPhp 205,825 O Php 205,127 O Php 208,099
Elly and Kim are planning for their wedding in 2025. Unfortunately, they can't afford to pay in full the reception. The manager offered a monthly payment of Php 4,520 for 39 months with 0.87% interest compounded quarterly for them to avail the reception. How much is the contract price of the reception?
Q1) Ali wants to rent cars for her travel agency. On January 2021, Ali makes an “Ijarah Muntahia Bittamleek” contract with Modern Islamic Bank (MIB) for 8 years. MIB purchases ten (10) cars. Cost of each car is 9,200 and maintenance expenses for each car is 150 per year. Ali will pay 100 per car for each month as rental revenue. At the end of contract, MIB agrees to give cars as a gift at the end of contract period. Calculate profit/loss of SIB for this contract. Q2) Majed is interested in purchasing a factory building worth 90,000. Majed did Agreement with Modern Islamic bank to purchase the property and puts down 30% of the price as a down payment. The Bank provides the other 70% of the price. Both parties determined the rental value for the building as 300 per month as the rental value. Based on the rental value and the financing period, the bank determined fixed monthly payments as 1,500, which Majed would have to make to own the house. Required: Prepare 3rd and 4th payments for…
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Gage is suppose to receive a payment of $480.00 today from Mark. One month from today, Gage should receive a $625.00 payment from Sarza. With Mark not in a position to pay today and Sarza having difficulty coming up with the payment one month from today, they both negotiated with Mark and they will both make their payments 6 months from today. If Gage can get interest rate of 2.95%, what is the total payment that Gage will receive 6 months from today?
Do i and ii.
SHOW YOUR STEP-BY-STEP SOLUTION. a. Kim pays ₱2,000 every two months to settle his obligation for two years at 8% compounded bimonthly. Find the present value of the loan. b. Ian bought a second-hand car worth ₱320,000. She gave a ₱50,000 down payment and agreed to amortize the balance by equal payments at the end of each month for 5 years. If money is worth 8% compounded monthly, how much is the monthly payment?
Please Answer this and show complete solution.
Show excel formula please. Reymundo purchases a property for $300,000. He gets a 2.00% 30 yr fixed rate for the property. He also puts down 15%. His back end DTI is 43%. What is Reymundo's monthly payment for the property? What is his gross pay per month? Show a simplified DTI calculation for Reymundo?
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS2.Alejandra Marrufo wants to know how much she should deposit today, so that in 10 years she will have the amount (VF) of 77,150.00, which she needs to make a pension payment for her domestic worker, a) if the account pays 8.125% interest compoundable semiannually; b) if the account pays 9.65% compoundable monthl
Lia plans to buy a house for Php 150702. She wants to make a down payment of Php 22887 and to take out a 28-year mortgage for the remaining amount. If money is compounded monthly at 6.42%, how much must she pay each month?

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