Hange Zoe borrowed money to upgrade their battle equipment of Survey Corps in the lending company in the amount of P225,000 to be paid after one year with interest at 10% compounded annually and P320,000 to be paid after two years at 10% compounded quarterly. What single payment she needs to pay after three years at an interest rate of 15% compounded semi-annually to settle the two obligations?

Hange Zoe borrowed money to upgrade their battle equipment of Survey Corps in the lending company in the amount of P225,000 to be paid after one year with interest at 10% compounded annually and P320,000 to be paid after two years at 10% compounded quarterly. What single payment she needs to pay after three years at an interest rate of 15% compounded semi-annually to settle the two obligations?

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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While buying a new car, Alexander made a down payment of $1,100 and agreed to make month-end payments of $290 for the next 5 years and 7 months. She was charged an interest rate of 4% compounded semi-annually for the entire term.a. What was the purchase price of the car?Round to the nearest centb. What was the total amount of interest paid over the term?
b) Adlina Rose took a housing loan that charged 6.25% compounded monthly to buy a new bungalow. She paid the down payment of RM115,000 and needs to repay the loan in 25 years' time with monthly payment RM5,500. Determine the amount borrowed.
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?
(a) Heather borrowed $5000 from her grandmother as a down payment on her first car. She promised to repay the debt in 2 years at 7% per annum, simple interest. How much should Heather repay her grandmother? (b) How much must Jason deposit in a special account paying interest at the rate of 9.5% to receive $75.21 in interest after 6 months? (c) An investment of $4500 gained $337.50 in intesest in 9 months. What rate of yearly intesest did the investment pay?
Jordan was supposed to pay Courtney $4,200 6 months ago and $2,220 in 5 months. If he wants to repay this amount with two payments of $3,500 today and the balance amount in 3 months, calculate the balance amount. Assume interest is 2.40% p.a. and the agreed focal date is 3 months from now.
(a) Heather borrowed $5000 from her grandmother as a down payment on her first car. She promised to repay the debt in 2 years at 7% per annum, simple interest. How much should Heather repay her grandmother? (b) How much must Jason deposit in a special account paying interest at the rate of 9.5% to receive $75.21 in interest after 6 months? (c) An investment of $4500 gained $337.50 in intesest in 9 months. What rate of yearly intesest did the investment pay?
Williams buys GH¢5000 worth of home furnishings from AGC Furniture. He pays GH¢500 down and agrees to pay the balance in monthly installments over 5 years at j12 = 18%. The contract stipulates a penalty in case of earlyrepayment, equal to 3 months’ payments. After 2 years, Williams realizes he can borrow from the bank at j12 = 12%. Should he refinance?
Lea buys a sala set. She pays P2, 500 down payment and pays P1, 200 per month for 2 years. If interest is charged at 6% compounded monthly, what is the cash equivalent of the sala set?
When Florio and Rhoda bought their home, they borrowed $200,000 for 30 years at 6%, compounded monthly. After making 120 payments of $1199 per month, they plan to refinance. They find that they can refinance at 4.5%, compounded monthly, for 15 years. There is a one-time refinancing charge of $750, added to the amount of the refinanced loan. a) Find the Payoff Amount (Unpaid Balance) of Florio and Rhoda's Original Loan. 11a)_ b) Find the amount of their new loan (amount refinanced) 11b)_ c) Find their New Monthly Payment amount for the refinanced loan. 11c). d) Find the amount they saved by refinancing...if any! 11d).
Pedro borrows P300,000.00 from lender ABC today at 12% compounded monthly. To fulfill his obligation to repay the loan, Pedro agreed to start paying the six (6) equal monthly payments starting next month. The question is: What will be the amount of his monthly amortization?
Prisha received a loan of $8,100 at 5.25% compounded monthly. He settled the loan by making periodic payments at the end of every three months for 6 years, with the first payment made 3 years and 3 months from now. What was the size of the periodic payments? $ 0.00 Round to the nearest cent
1. Erika Joy borrowed P7,777.00 to be paid after 2.5 years with interest at 15% compounded semiannually and P5,000.00 to be paid after 3 yrs. at 12.5% compounded monthly. What single payment must she pay after 3.5 years at an interest rate of 15% compounded semi-annualy to settle the two obligations?

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