Juancho is required to pay P1,800 at the beginning of each quarter for the next 3 years for his loan. What is the periodic interest rate if the loan has an interest rate is 3.5% compounded monthly?

Q: Juliet has a 10-year mortgage of $350,000 with an interest rate of 4.5% APR, compounded…

A: Given: Given:

Q: Rhea has to pay a loan by making 12 bimonthly (at the end of every 2 months) payments of P15,000 to…

A: Price / Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv],…

Q: Jeffery Wei received a 7 year non Subsidized loan of 32000 at an annual interest rate of 5.2%. What…

A: In a non-subsidized loan, the interest on the original loan granted is calculated at simple interest…

Q: Sally borrows $25,000 for a loan, and she repays the loan by making quarterly end-of-quarter…

A: The principal amount is $25,000.The quarter payment is $650.The maturity of the loan is 15

Q: A person takes a loan of 200 at 5 % simple interest. He returns 100 at the end of 1 year. In order…

A: Simple interest does not consider the compounding effect.

Q: ou are required to prepare Andre’s amortisation schedule for the first 4 months

A: The money which is given to an entity from another entity for the purpose of repayment at a later…

Q: You borrow $8000 to help pay your college expenses. You agree to repay the loan at the end of 6…

A: Present Value (PV) of loan = $8,000Annual interest rate = 9% or 0.09Quarterly interest rate (r) =…

Q: At the end of every 6 months, Tomas deposits $20,000 into a savings account, which pays an annual…

A: Compound = Semiannual = 2Saving Deposits = d = $20,000Interest rate = r = 12.3 / 2 = 6.15%Time = t =…

Q: Chris Jenkins is borrowing $11,500 for 5 years at 10 percent. Payments are made on a monthly basis,…

A: Given  Interest rate = 10% Number of years = 5 years Amount of borrowing = $ 11500 Calculation of…

Q: José borrowed 8100 at 5 1/2% for  three years compounded, semi am annually. What is the future…

A: Future value is the value of an investment or cash flow at a future point in time, based on the…

Q: Dax borrows $500,000 and the loan is governed by compound interest at an annual effective interest…

A: Here, Borrowed Amount $                           500,000.00Annual Effective Interest…

Q: You borrow $1,000 from the bank and agree to repay the loan over the next year in 12 equal…

A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Q: o acquires a loan of $300,000 to be paid off during 6 years with monthly payments. If the…

A: Monthly payments are equal fixed amount of payment that carry the payment for interest and loan but…

Q: A person borrows $390 that he must repay in a lump sum no more than 10 years from now. The interest…

A: Loan amount = $ 390 Annual interest rate = 9.9%

Q: James borrows $280 000 and repays the loan in equal fortnightly repayments of $1250 over 20 years.…

A: The time value of money is a concept used to compute and analyze the present worth of the future…

Q: Isabelle makes deposits of $365 monthly (at the end of each month) into an account that pays 1.5%…

A: Annuity refers to series of equalized payments that are either made at start or end of specific…

Q: Caesar is paid monthly and deposits $300 each pay period into a savings account. Money invested in…

A: Variables in the question:PMT=Monthly deposit=$300Rate=4% (compounded monthly)N=7 yearsWorking…

Q: The Smiths are heir outstand a) Under their heir monthly r b) How much

A: Loan balance=$160000Period=15 yearsinterest rate=3.6%current monthly payment=$1515

Q: Marcela took out a $600 discounted loan with a 4% annual interest rate over a period of 8 months.…

A: Effective annual interest rate is referred as the interest rate which is adjusted for compounding…

Q: ay off a debt that he took out today, Roger will have to make a payment of $3,500 in 15 months and…

A: The loan amount is the present value of payments made for the loan based on time and interest rate…

Q: Jackson has a loan that requires a $16,600 lump sum payment at the end of four years. The interest…

A: The amount borrowed today can be computed using the present value function.

Q: Jason takes out a loan at 10% compounded annually for 7 years. At the end of this period, he pays…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: G borrows P47,400 with interest at 18% compounded quarterly. How much should he pay to the creditor…

A: Use the Excel FV function with the following inputs to determine the value of investment. RATE =…

Q: jackal promises to pay 1000 at the end of 6 months in obtaining a loan from a banker b who charges…

A: Effective interest rate is the interest rate that is earned or paid after considering the…

Q: ria deposits $1,000 in her account at a rate of 3% per year as interest for 2 years. what is the…

A: Future value of amount is the amount that is being deposited and amount of interest accumulated over…

Q: Raquel will settle her debt my making quarterly payments of P5,800 for 3 years and 6 months but the…

A: Quarterly payment = P 5800 Period = 3.50 Years Number of quarterly payments = 3.5*4 = 14 Annual…

Q: Miss A wants to have P35436 for 2.1 years starting today which is to be used for research. If she…

A: The Future Value of Annuity Due refers to the concept which determines the sum total of all the cash…

Q: Freddy agreed to make quarterly payments of $781.25 for 4 years on a loan of $10,000. What simple…

A: Simple interest refers to the method of calculating the interest earned where the principal amount…

Q: Brian borrows $ 7500 from his friend at an annual 6% interest rate, which he will pay five years…

A: Future value is the value of the present cash flows after certain period. Due to interest that can…

Q: Krei is required to pay P57,000 in 15days or P60,000 in 60days. Find the annual rate of the interest

A: Simple interest is a method of calculating the percentage of interest paid on a sum over a defined…

Q: Karl borrows P200,000 and agrees to pay the principal and interest by making equal payments at the…

A: A loan refers to the amount borrowed from one person to the other person in exchange for the…

Q: alfred desires 9000 as the proceeds of a 90 day loan from b who charges 5% interest in advance. what…

A: Future value is the value of the current assets or some amount that is invested today and the amount…

Q: settle a loan on March 24th, 2018 by paying $6,500. What amount should he pay if he decides to…

A: Loans are easy source of money but these loans are to be paid with interest and these interest carry…

Q: A couple borrows 275000.00 for a mortgage that requires fixed monthly payments over 25 consecutive…

A: Solution:-When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: Amy has an account that earns interest at a 10% annual effective rate of interest. She plans to make…

A: Annuity due is series of payments due at the beginning of each period. The future value of annuity…

Q: Jerome borrowed 5200 at 8 1/2% for six years compounded semi annually. What is the future value of…

A: Future value is the value of an investment or cash flow at a future point in time, based on the…

Q: Jimmy takes up a $50,000 loan from a bank and plans to repay the bank each month over the next 5…

A: Loan Installment is that amount which is paid by the borrower to his lender for a fixed period of…