Engr. Salvador has to pay her bill in credit card in instalment basis. First payment is P15,000 at the end of 1st year, P20,000 at the end of 3rd year, P30,000 at the end of 6th year and P8,000 at the end of 8th year. How much is the total payment of Engr. Salvador after 10 years at a rate of 10% per annum? P147,946 O P157,946 O P127,946 O P137,946

Engr. Salvador has to pay her bill in credit card in instalment basis. First payment is P15,000 at the end of 1st year, P20,000 at the end of 3rd year, P30,000 at the end of 6th year and P8,000 at the end of 8th year. How much is the total payment of Engr. Salvador after 10 years at a rate of 10% per annum? P147,946 O P157,946 O P127,946 O P137,946

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

See similar textbooks

Similar questions

A. Aisha borrowed R.O 80,000 to pay her child’s education at Muscat College. Aisha must repay the loan at the end of 8 months in one payment with 7 ½ % interests. How much simple interest must Aisha pay? What is the total amount she will pay? B. 3- A certain sum of money is borrowed at a compound interest rate of 10% per annum for 3 years. After three years an amount of R.O 1331 is returned to the lender. What was the sum borrowed in the beginning?
Emily receives R1 500,00 from the bank now that charge 10,5% simple discount per annum. She has to pay back the bank as amount of R1 893,75 in a few months' time. The number of months after which Emily pays back the loan, rounded to one decimal place, is O a. 23,8. O b. 2,5. C. 2,0. O d. 30,0.
Q6. At the end of every 3 months, Sam deposits $150 into an account that pays 6% compounded quarterly. After 4 years, he puts the accumulated amount into a certificate of deposit paying 7.5% compounded semiannually for 2 years. When this certificate matures, how much will Sam have accumulated?
Engr. Russel Clarete loan an amount of P200,000 at a local commercial bank at 12% compounded quarterly. How much is his monthly payment if he is required to pay at the beginning of the first of the month for a period of 30 years?
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
Clara borrowed money from a bank that charges interest at 10% compounded quarterly. She agreed to pay the principal and interest by 36 equal payments of P7,000.00 at the end of each three months. How much did Clara borrow? Select one: O a. P260,547.28 b. P164,893.76 O c. No answer d. P67,735.56 O e. P69,997.63
Mary deposits her P500,000 in a saving bank that gives nominal interest if P9.4% compounded semi-annually. How much money will Mary has after 7 ½ years?
A child age 3 is given $20,000. The amount is put into savings account which pays 4% compounded annually. If the child takes the money out in eight equal annual payments with the first in 15 years, what is the size of each withdrawal? $34,633.53 $5144.04 $297.06 $5349.80 Rewatch
How much should a family deposit at the end of every 6 months in order to have $6000 at the end of 7 years? The account 0- pays 4.5% interest compounded semiannually. (Round your final answer to two decimal places.) Submit Answer
Darlene applies for an installment loan to consolidate her credit cards. The loan is to be paid in 60 monthly installments with an APR of 16%. Her total balance is $17000. Compute her monthly payment. $413 O $283 O $460 O $370
Elaine borrows $1,000.00 from a credit card company at 19% annually for two years. Determine Elaine’s monthly payment. $50.41 $52.49 $100 $49.93
Ian wishes to discharge a loan of ₱ 50,000 borrowed from JB by means of periodic payments of ₱5,000. JB charges 4% interest effective per period. (payments are made at the end of each period)1. How many regular payments of ₱5,000 should Ian make?2. How much extra payment X should he make along with the last regular payment to completely discharge this loan?3. How much payment Y should he make one period after the last regular payment to completely discharge this loan?4. How much payment Z should he make on the exact time after the last regular payment has been made to completely discharge this loan?

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS