If after she has made 12th payment, how much is still unpaid of the original principal?

Q: Mr. Padilla agrees to pay P1,300.00 at the end of each month for 20 years, in purchasing a house.…

A: The PV of an asset refers to the value of all its future cash flows discounted at an assumed rate of…

Q: Atsushi Murasakibara owes a debt to a lending company of P30,000.00 due in 1 year and another…

A: Interest rate is 6.5% Compounded semi annually Amount due in 1 year is P30,000 Amount due in 4 year…

Q: How much should Cristy pay today to clear her loan?     Select one: a. $5384.26 b. $2554.13 c.…

A: Future Value = A x (1 + r)^n Here, A = Amount Borrowed i.e. $4800 r = Periodic Interest Rate i.e. 7%…

Q: Determine the proceeds If the interest in advance is to be deducted for a loan worth P 250 000 due…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Mr. Sabalbaro borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal…

A: Annuity: It is the payment plan where one can get a regular amount of money after making the lump…

Q: Mrs Shiirley Abundo borrowed 20, 000.00 at 7.5% compounded quarterly at a certain cooperative. How…

A: Here, Borrowed Amount is 20,000 Interest Rate is 7.5% Time Period is 2 year Compounding Period is…

Q: a. Kim pays ₱2,000 every two months to settle his obligation for two years at 8% compounded…

A: a. The present value can be calculated using the PV Function.  b. The monthly payment can be…

Q: Caroline borrowed $1,500.00 at 9.00% p.a. She wants to settle this loan with 2 equal payments, one…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: Joshua borrowed P250,000.00 with interest at the rate of 5% compounded semi-annually. He agrees to…

A: Interest rate = 5% (Assumed for every 6 month) Loan amount = P250,000   Calculation of loan amount…

Q: Nicole loans P900,000 from bank today which gives her 10% interest rate compounded annually. Based…

A: Loan amount (L) = P 900000 r = 10% n = 10 payments Let the annual payment = A

Q: Clark borrows P 600,000 at 15% compounded annually agreeing to repay the loan in 15 equal payments.…

A: Loan amount (PV) = P600,000 Interest rate (r) = 15% Number of payments (n) = 15

Q: (Loan amortization) On December​ 31, Beth Klemkosky bought a yacht for ​$70, 000. She paid ​$14, 000…

A: An amortized loan is a classic case of the PV of an ordinary annuity.The loan taken today [ PV] and…

Q: (a) The first payment includes $157.50 interest. How much principal is in the 1" payment?…

A: Loans are paid by equal monthly payments and these payments carry the payment for interest and…

Q: Fred and Ethel are going to take out a business loan on which they will make annual payments of…

A: An amortized loan is a type of loan where the borrower makes regular fixed payments over the loan's…

Q: 9) Omar borrows AED 2,000,000 to be repaid over 15 years at 6% interest rate annually. Calculate…

A: The total interest paid on Omar's loan will be AED 1,037,884.58.Here's how to calculate it:Loan…

Q: John Doeber borrowed $125,000 to buy a house. His loan cost was 11% and he promised to repay the…

A: Step 1: Given data :Loan amount (P): $125,000Annual interest rate (r): 11%Amortization period (n):…

Q: Hange Zoe borrowed money to upgrade their battle equipment of Survey Corps in the lending company in…

A: First obligation (L1) = P 225000 after 1 year r1 = 10% Second obligation (L2) = P 320000 after 2…

Q: A businessman borrowed P220,000 with interest at the rate of 4.2% compounded semi-annually. He…

A: The future value of money is the amount of money that will be worth at some point in the future if…

Q: Cristina borrowed P50,000.00 from Social Security System in the form of calamity loan, with interest…

A: Annuity referes to a series of regular payments being made over a period. If the payments are made…

Q: ha.3

A: Calculate the Future Value (FV) of the loan at the end of the 5th year:The formula for compound…

Q: A businessman borrowed P320,000 with interest at the rate of 4.9% compounded semi-annually. He…

A:

Q: A woman borrowed P3, 000, 000 to be paid after 1.5 years with interest at 12% compounded…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Edward borrowed an amount to his friend and promised to pay the principal amount and accumulated…

A: Let the amount borrowed be "x" Simple rate = 15.118% Amount paid at the end of 3 years = P15.855.…

Q: How much of the original principal is still unpaid after he has made the 8th payment?

A: Get the annuity first using P = 600000,i =12%= 0.12 , n = 15 P= A*(1-(1+i)^-n)/i…

Q: Anna loaned P450,000 at 10% compounded annually. She signed a contract to repay the loan in 20 equal…

A: Loan amount (PV) = P450,000 Number of annual payment (n) = 20 Interest rate (r) = 10%

Q: 5. Mr. Eden borrows from the bank P600, 000 at 12% pa compounded quarterly, agreeing to pay the loan…

A: First we need to calculate loan amount after 1 year by using compounding interest formula given…

Q: Question: Robert is repaying a debt with 19 annual end-of-the-year payments of $1,000 each. At the…

A: Step 1: Calculating a Loan Refinance AmountGiven a loan that is being repaid with regular, equal…

Q: Lance borrowed an amount of money from a lender. He agrees to pay the principal plus interest by…

A: Annual Payment = 39,973.76 N = 3 Interest rate = 8% Compounded quarterly Number of compounding…

Q: years ses to pay Ph How much is the payment on the fourth year if money is worth 16% compounded…

A: In this we need to calculate the present value of all and than calculate the required amount.

Q: A woman paid 20% down payment of P300,000 for a house and lot and agreed to pay the balance on…

A: given, price = p300,000 downpayment = 20% r=15% m=12 (monthly compounding) pmt = p 33,396.51

Q: Niles needs £650,000 to set up his business. Bank A is willing to lend him the money under the…

A: The amortization schedule refers to the breakdown of payments of a loan. It is used by borrowers to…

Q: Mrs Angngad acquired a loan of P50000 from a credit union that charges interest of 16% compounded…

A: Loan amount = P 50,000 Annual interest rate = 16% Quarterly interest rate = 16%/4 = 4% Annual period…

Q: 2.10.1. Melissa takes a loan of R950 000 to buy a house. The interest is 14,25% p.a. compounded…

A: Answer -    Monthly Repayment – Repayments means the monthly installments of principal and interest…

Q: (Annuity payments) Emily Morrison purchased a new house for $180,000. She paid $60,000 upfront and…

A: The present value of all future payments should be equal to the cost of house financed.

Q: payments. If after she has made 15th payment, how much is still unpaid of the oriainal principal?

A: Equally annual installments is the amount of installment which is equal means till the end of the…

Q: 3. Rey borrowed P 40,000 at 12 % compounded semiannually. He agreed to pay the lender semiannually a…

A: When a lender gives the money he will charge interest as returns. Semiannual interest payment means…

Q: Cristina borrowed P50,000.00 from Social Security System in the form of calamity loan, with interest…

A: When a loan is taken by a person then the institution or the entity that gives the loan amortizes…

Q: A. Aisha borrowed R.O 80,000 to pay her child’s education at Muscat College. Aisha must repay the…

A: Loan: It is the amount of money borrowed from a person or bank or company for a certain period…

Q: Emily receives R1 500,00 from the bank now that charge 10,5% simple discount per annum. She has to…

A: To find the number of months after which Emily pays back the loan, we can use the formula for simple…

Q: Victoria buys a property for $2,500,000 by paying $500,000 down payment and the rest on a 15-year…

A: The amount taken on credit or financed by the person is ascertained by deducting the down-payment…