Q: Suppose you borrow $15,000 and then repay the loan by making 12 monthly payments of $1,297.92 each.…
A: The fixed regular periodic payments made to repay any debt or accumulate funds for a specified…
Q: How much money will be required four years from today to repay a ₱2,000 loan that is made today at…
A: Future value refers to the sum total value of loan (or deposits) accumulated for a specified period…
Q: What would be the total interest paid
A: Interest is charged on the amount lent by the lender to the borrower. In short, any excess payment…
Q: 5. A man takes out a loan of P150, 000 from a credit cooperative, which charges interest at the rate…
A: Simple interest: Simple interest is the amount of interest that is determined for a principal amount…
Q: What is the total interest paid on a loan of $5,000 at APR = 10% for one year.
A: Loan amount = $5000 Interest rate = 10% Period = 1 year
Q: What is the total interest paid on a loan of $5,000 at APR = 8% for one year.
A: Loan amount (LV) = $5000 Interest rate (r) = 8% Period (n) = 1 Year
Q: Suppose an engineer purchases a home and secures a loan of ₱2.5M from a commercial bank for 20 years…
A: Amortization of loan is the schedule that depicts the periodic payments on the loan amount taken by…
Q: a. A consumer loan worth ₱75,000 is to be repaid in two years at 6% compounded monthly. What is the…
A: a) Loan (L) = P 75000 n = 2 years = 24 months r = 6% per annum = 0.5% per month Let A = Monthly…
Q: If a loan of ₱45,000 will amount to ₱76,400 when converted quarterly for 3.25 years what interest…
A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…
Q: In order to borrow $100,000 for a 5% loan on a discount loan basis with a 5% compensating balance;…
A: Whenever an individual is in need of extra funds to finance his or her purchase in case of less cash…
Q: What is the monthly payment on a loan of $5,000 at APR = 10% for one year.
A: Loan amount = $5000 Interest rate = 10% Monthly interest rate = 10%/12 = 0.833333333333333% Number…
Q: What is the maturity value of the loan if the proceeds is P22,000 at the rate of 10% for 10 months?…
A: Proceeds (P) = P 22000 r = 10% n = 10 months = 10/12 years = 0.833 years
Q: You get a 25-year loan of Php150,000 with a 8% annual interest rate. What are the annual payments?…
A: Annual payment of loan can be calculated by using this formula PMT =(PV*r)/[1-1/(1+r)n] Where PMT=…
Q: Solve the given problem about loan. Show your solution. 1. A smart phone was bought at an amortized…
A: Amortization is the process of paying off a debt, such as a loan or mortgage, in regular…
Q: A business loan of PhP 650,000 is to be settled by paying PhP 29,994.20 monthly in 2 years. If the…
A: In terms of a borrower or lender, the outstanding balance is the sum that is still owed on a loan.…
Q: What is the internal rate of return on a $3,000 loan to be repaid as $3,500 twoyears from now?
A: An internal rate of return is the metric used in financial analysis for estimating potential…
Q: A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: A man borrows Php10,000 from a loan firm. The rate of simple interest is 15%, but the interest is to…
A: Actual interest rate here will be calculated by dividing interest by net amount received. Actual…
Q: 9. A man borrows Php10,000 from a loan firm. The rate of simple interest is 15%, but the interest is…
A: Par value of borrowing = Php 10,000 Interest rate = 15% Net Borrowing = Par value*(1-Interest rate)…
Q: How much is the loan amount if you need to borrow $350,000 for one year with 9% single payment…
A: Given: Need to borrow = $350,000 Compensating balance = 15% Interest rate = 9%
Q: Suppose you want to borrow $90,000 and you find a bank offering a 20-year loan with an APR of 5%. a.…
A: The term annual percentage rate (APR) describes the annual interest that is produced by a payment…
Q: What are the annual payments necessary to pay a $1,000,000, 12-year loan if the loan rate is 8 %?…
A: Annual payment necessary to pay off the loan is calculated with the help of present value of annuity…
Q: 1. A small business owner Borrowed Php8,500.00 at 9% for 18 months. How much interest will be repaid…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: How much would one pay in points on a $145,000 loan if 2 points were charged? a. $2,900 b. $2,000…
A: The amount which is paid optionally while taking a loan, especially on a home loan is called points…
Q: The total amount paid on a GSIS loan is ₱41,500. If the loan was paid within 30 months at 6 ¼ %…
A: Given Information: Total amount of Loan Paid(A) = ₱41,500 Time Period = 30 months Simple Interest(r)…
Q: If $15,000 was borrowed at 12 percent interest with monthly payments of $333.67, how long will take…
A: Present value is the present worth of any sum of a money to be received in the future at a specified…
Q: If a nine month term deposit at a bank earn a simple interest rate of 9% per annum, how much should…
A: Term deposit is a way in which the person locks his amount or we can say sum of money for a specific…
Q: you are analyzing a GPM. the terms are $60,000 loan amount, 9% note rate, 30 years, monthly…
A: Loan notes are a type of debt instrument or promissory note issued by a borrower to a lender as a…
Q: A loan of ₱20,000 will be paid semiannually for 4 years. What is the amount of each payment if…
A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…
How long a Php76,300 loan earns Php33, 000 if money is 12% rate?
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- . You get a 25-year loan of Php150,000 with a 8% annual interest rate. What are the annual payments? Php14,052 Php 2,052 Php13,965 D. Php13,427How long will it take for a lender to discount ₱75,000 by 11.45% in order to gain ₱10,500 as his earnings?What is the internal rate of return on a $3,000 loan to be repaid as $3,500 twoyears from now?
- What would be the total interest paid on a $5,000 loan with a rate of 1% interest when the payment is $250 a month?How much money will be required four years from today to repay a ₱2,000 loan that is made today at 8% simple interest?Suppose you borrow $15,000 and then repay the loan by making 12 monthly payments of $1,297.92 each. What rate will you be quoted on the loan? NO EXCEL
- The total amount paid on a GSIS loan is ₱41,500. If the loan waspaid within 30 months at 6 ¼ % simple interest, what was theoriginal loan?1. If a car loan of Php.850,000 requires a 25% down payment. How much is the mortgage?Solve the following. 1. A small business owner Borrowed Php8,500.00 at 9% for 18 months. How much interest will be repaid upon maturity of the loan? 2. If Php5,255.60 is the present value of Php6,350,00 which due at the end of 10 months, find the simple interest rate? 3. How many months will it take for Php10,000.00 to earn Php890.00 if it is invested at 8% simple interest? 4. Find the interest and amount on Php9,700.00 at 4 % for three months. 5. At what rate must Php7,900.00 be invested to accumulate to Php10,600.00 in 120 days? 6. What is the future value of PhP10,000 after three years at 10% compounded semi-annually? 7. XYZ Bank is offering to double your money. If you invest PhP 1,500 at 6% interest compounded quarterly, how long will it take to double your money? 8. Daryl wants to have a total of P4000 in two years so that he can have an upgrading of his bike. He finds an account that pays 5% interest compounded monthly. How much should Daryl deposit into his account so that he…
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