Jeanelle is planning to borrow money amounting to ₱ 250,000.00. Limbon Rural Bank is offering 1.25% compounded semiannually, while Buli Cooperative Bank offers 1% compounded monthly. How much will be the maturity value after 5 years if he borrows from Limbon Rural Bank?

Q: Juan deposited 4000$ into an account with 2.4% interest  compounded semiannually. Assuming that no…

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Q: If a loan ₱120,000 is to be amortized for 2 years at 12.5% interest compounded monthly, how much is…

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Q: American general offers a 9 years annuity with a guaranteed rate9.76 compounded annually. How much…

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Q: If the Principal amount is P72,500, the interest rate is 8% and the time is 3 years, the amount of…

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Q: What will be the maturity value of ₱16,000 invested for 5 years at 15% compounded quarterly?

A: Formula: The compound interest formula is given by, A=P1+rnnt, where A-maturity value, P-principle…

Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

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Q: How much is the total interest on Mr. Marc Pogi's loan? * O 1,476,237.922 O 1,154,024.752 O…

A: answer : option a) 1,476,237.922Note* in solution I have calculated the approximate values so the…

Q: Suppose you can afford to pay $ 475 a month for 7 years towards a new car with no down payment. If…

A: Given Monthly interest rate=4.25%/12 Number of months =7*12

Q: What principal will have a future value of $7942.35 at simple interest rate of 7.3% in three months?…

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Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

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Q: pay for his debt at 12% compounded semi-annually, Raven committed for 8 quarterly payments of…

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Q: My cousin, Hershey, is an newlywed public school teacher who plan for the education of her future…

A: Given Regular deposit=10000.00 Php (monthly) Time t=8 years r=9% annually Apply formula for regular…

Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: To find The amount of an ordinary annuity.

Q: How much loan will be extinguished for a monthly amortization of P4, 500.00 at 12% interest…

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Q: Suppose that a payment in three years of 11000 dollars has a present value of 8422.34 dollars. What…

A: This is compounding problem

Q: Elena's son will enter college 16 year from now. At that time, she would like to have $20,000…

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Q: A debt of RM1200 due in four years and RM1000 due in six years is to be repaid by a payment of…

A: A debt of RM1200 due in four years and RM1000 due in six years isto be repaid by a payment of RM1000…

Q: A sum of $12,000 is borrowed for 160 days at an annual simple interest rate of 9%. Calculate the…

A: The objective of this question is to calculate the maturity value of a loan. The maturity value is…

Q: What is the present value of a loan when a monthly payment of P3, 250 is needed to extinguish for…

A: To solve the given problem we shall use the following formula…

Q: Today, Dora bought a condominium unit valued at ₱2,500,000.00. After making a down payment of…

A: We can use this formula to calculate the final amount, A = P1+rnnt, here P is 2,500,000-250,000 =…

Q: ABC inc,was created by 3 friends after graduating from NBCC business administration program.the…

A: For the first 5 years :Interest rate compounded quarterly :During the subsequent 15 years :The…

Q: A person loans P500, 000 from a bank with an interest of 4% compounded annually. The person agrees…

A: We will find out the required annual payment.

Q: elena's son enter college 16 year from now. At the time she would like to have $20,000 available for…

A: Elena's son enter college 16 years from now and the available balance $20,000 for college expenses.…