Q: What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%?
A: Simple interest is a simple method of computing interest on savings or borrowings. It is a rate that…
Q: Find the simple interest paid on a Php810 investment at 2.8% annual interest for 315 days.
A: Investment = Php 810 Interest rate = 2.8% Period = 315
Q: Find the exact interest on a loan of $6000 at 8% annually for 50 days.
A: Principal loan amount = 6000Number of days = 50Interest rate = 8%/100 = 0.080000 in decimalTotal…
Q: Find the discount interest on Php35,500 for 130 days at a discount interest rate of 13.78%.
A: Discount interest is calculated as follows Discount Interest = Loan Amount * Interest rate * Number…
Q: Calculate the monthly payment required for a loan of $200,000, at a monthly interest rate of 0.003,…
A: When borrowing money through a loan, understanding the repayment terms is crucial. One fundamental…
Q: Find the interest paid on a loan of $2,700 for one year at a simple interest rate of 11% per year.…
A: Simple interest = Principle × rate × time
Q: Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your…
A: Monthly payment is present value amortised for with equal instalment. r is interest rate APR and n…
Q: Find the discount interest rate if Php15,000 is the present value of Php20,000 which is due at the…
A: We need the discount interest rate given the present value (PV) and the future value (FV). This is a…
Q: Find the exact interest on a loan of 33,000 at 7% annually for 35 days
A: A loan means receiving money from a bank or other financial organization. The borrower commits to…
Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…
A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…
Q: Find the exact interest on a loan of $8,000 at 8% annually for 60 days. $ (Round to the nearest cent…
A: Interest Amount = Amount of Loan x Interest Rate x Time (in years)
Q: 1. Find the exact simple interest on P 10.000 at 7% for 9 months
A: Answer - Simple interest (SI) means percentage of interest charged or yielded on the principal…
Q: Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest…
A: Simple Interest: Simple interest is a method of calculating the interest that is charged on fixed…
Q: 2. Find the proceeds of Php 45,600 due at the end of 18 months if the discount interest rate is 10%…
A: Lets understand the basics. We need to use below fromula to calculate the requirement. Proceeds =…
Q: Calculate the simple interest due on a 72-day loan of P3,000 if the annual interest rate is 4%.
A: Loan amount (P) = P3000 Interest rate (r) = 4% Period (d) = 72 days
Q: Find the interest and amount on Php 880 at 8.5% simple interest for 3 years.
A: Simple interest: Simple interest is calculated on the loan principle or the initial deposit in a…
Q: ind the amount due at the end of 9 months on a present value of Php24,600 at 12% discount interest
A: Lets understand the basics. When we need to find out amount due at the end of certain period then we…
Q: FIND THE SIMPLE INTEREST ON A 50,000 LOAN AT 14 1/2% FOR 7 MONTHS.
A: Simple rate of interest = 4,229.17
Q: Using exact interest, what is the amount due on Php 20,000 invested at 0.09% simple interest for 150…
A: Given: Interest rate =0.09% Days = 150 Days Amount = Php 20,000
Q: Find the discount interest for a 2-year PHP 102,000 loan if the discount interest rate is 1.8%
A: Mortgage/ Borrowings: Borrowings are the loan which is taken by the individual to meet its…
Q: tem can be purchased of ₱ 14 500, or for ₱ 3 800 down payment and installment payment of ₱ 1 030 for…
A: Monthly installments carry the payment of interest and principal amount.
Q: Calculate the interest to be paid on a loan of $80,000, for 90 days, at 9.5%
A: Given Principle = 80000 Rate = 9.5%
Q: Calculate the simple interest due on a 72-day loan of P3,000 if the annual interest rate is 4%.
A: Given: Loan = P 3000 Interest rate = 4% number of days in loan = 72 total number of days in year =…
Q: Find the interest on the following loan. $1850 at 7.5% for 3 months The interest is $ (Round to the…
A: When the lender lends a loan to the borrower, he charges a rate of interest on the borrowed amount.…
Q: The interest rate on a $115,000 loan is 8.6% compounded semiannually. The monthly payments on the…
A: Loan amount = $115,000Semi-annually compounded rate = 8.6%Monthly payment = $900To find: Interest…
Q: est and amount
A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…
Q: For a personal loan amount of $5,000 @ 10.5% APR due in nine (9) months, a) what is the total…
A: Loan = 5000 Annual Percentage Rate = 10.5% N = Time Period = 9 months
Q: If you borrow $5,300 at $400 interest for one year, what is your annual interest cost for the…
A: The effective interest rate, also known as the effective annual interest rate (EAR) or annual…
Q: Find the exact interest on ₱16,800 for 105 days at 8.15% simple interest
A: Answer - Simple Interest - ( P × R × T ) / 100 Given, P = Principal Amount = 16,800 R = Interest…
Q: Consider a loan of Php 40,000, payable for 24 months at an interest rate of 8% compounded monthly.…
A: The periodic payment has two components. One is the interest amount and another is the repayment of…
Q: Find the ordinary interest on a loan of 32,500 at 8% annually for 45 days
A: Ordinary interest refers to the interest charged on a loan based on the nominal interest rate and…
Q: If you borrow $5,300 at $900 interest for one year, what is your annual interest cost for the…
A: The effective rate is calculated with the effect of compounding of interest for the frequency given…
Q: Find the amount due at the end of 8 months whose present value Php 80,000. a) when the discount is…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: Find the amount due if $100 is borrowed for 11 months at 5% simple interest.
A: Interest can be charged using two methods: Simple Interest refers to interest charged on principal…
![TOPIC: ENGINEERING ECONOMICS
SPECIFIC INSTRUCTION: Solve each problem NEATLY and SYSTEMATICALLY. Show your
COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places.
PROBLEM:
Find the exact and ordinary interest on Php 5,000 at 19 % for 30 days.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07076438-d15c-448a-848b-bcaa521020be%2F18a7f498-17cd-447e-a9b5-e489febe2aca%2Ffxg1fyq_processed.jpeg&w=3840&q=75)
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- skip if you already did this or else downvoteSHOW COMPLETE MANUAL SOLUTIONS FOR UPVOTENOT EXCELPlease see below. Need this asap please and thank you.For TVM calculator: Write each known variable’s value as it appears in the calculator and use a question mark for the missing variable. Then, in the space provided write the missing variable’s value, as it appears in the calculator. Finally, write your final answer in context, with units, as a complete sentence. Patricia deposits $1,000 into an account that earns 4.9% compounded monthly and plans to make monthly payments of $170 into the account. How long must she invest until she has $35,000? N=? I= 4.9 PV=1,000 PMT=170 FV= 35,000 P/Y=12 C/Y=12 Missing Variable Value __________________ Context Sentence:
- Problem 4: Read the question and solve the problem below. Write your complete solution. Mike Marquez purchased a lawn tractor for Php 9,000. He made a down payment of Php 1,000 and financed the rest at 7% payable in 24 months. He paid off the loan at the end of the fifteenth months. Find the amount of his refund using the rule of 78s. Need complete solutionsSuppose you want to have $300,000 for retirement in 20 years. Your account earns 10% interest. How much would you need to deposit in the account each month? Submit Question ath.com/course/showcalendar.php?cid=179278 Q SearchSuppose you want to have $800,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? Question Help: DVideo Message instructor Submit Question MacBook Air 吕口 F2 F3 F4 F5 F6 F7 F8 @ #3 $ & * 2 3 4 5 7 8. 9 W E R Y S D F G K N I M
- Example : You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years. What will your monthly payments be? I will do this one for you and show you how I want you to describe your formula/inputs in excel if that is how you choose to go about solving problems 2 through 5 - which I strongly recommend. If you choose to perform the calculations by hand show the formula used with values. Excel: Formula used: PMT Rate input: .03/12 NPer input: 4*12 Pv input: 18500 Answer : $409.49 per month 2. You want to buy a $22,500 car. The company is offering a 4% interest rate for 5 years. a.What will your monthly payments be? Round to the nearest cent .b. Assuming you pay that monthly amount for the entire 5 years, what is the total amount of money you will pay during those 5 years for the car? c.How much interest will you pay during those 5 years?please answer asap. my other questions have taken 5 days i need them all quick. thank youhelp please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working