Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment?

Q: The Houwerchucks repay a mortgage for $150 000.00 at 3.8% per year compounded semi- annually for 20…

A:

Q: Mr. Ayala borrows P1,000. In 4 years, the money become P2,500 compounded bimonthly. Find the nominal…

A: Borrowed amount (P) = P 1000 Period = 4 Years Number of compounding per year (m) = 6 Number of…

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: 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: urt borrowed from a bank and wants to start paying P50,000 annually at the end of the 4th year. If…

A: In this we need to find the present value of payment today.

Q: randon Rockwell owes P200,000.00 with interest at 5% payable semi-annually. What equal payments at…

A: Solution Given Amount due 200000 Interest rate 5% Compounding Semi annual…

Q: Nihal is borrowing Rs. 50,000 to buy ABC assets. If he pays equal installments for 25…

A: An asset can be purchased by outright cash payments or in installments. The installment amount…

Q: 8. Your brother-in-law borrowed $2,000 from you 4 years ago and then disappeared. Yesterday he…

A: Future Value Future Value is the value which is measured at a specified date at a given interest…

Q: To discharge a debt, with the interest of 7% compounded monthly, Mark agrees to pay P500 at the…

A: Monthly payment  = P500 Period = 6  Years Number of monthly payments = 6*12 = 72 Annual interest…

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: Joella invested RM5,000 in an interest-bearing promissory note earning an 8% annual rate of interest…

A: Following is the answer to the question

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: To discharge a debt, with the interest of 7% compounded monthly, Mark agrees to pay P500 at the…

A: The Present Value of Annuity Due is the present value of a series of cash payments that are expected…

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: If Marc obtained a business loan of $225,000 at 4.77% compounded semi-annually, how much should he…

A: Solution:- When a loan is taken, it is either paid back in lump sum mode or installments. In…

Q: Akbar has borrowed $48,000 today and agreed to repay it in 5 years with monthly payments at the…

A: Given information: Amount borrowed is $48,000 Interest rate is 2.60% Number of years is 5 years

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

A: Loan Payment: These are payments comprising of principal and interest payments made by the borrower…

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: Regine agrees to settle a P100,000 loan borrowed from provident by making monthly salary deduction…

A: Present value of annuity Annuity is a series of equal payment at equal interval over a specified…

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: 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: rrowed $1 000 000 from MQ Bank for 10 years at an interest rate of j2=3.11% p.a. She will make 10…

A: Loan Amount$ 1000,000Interest rate3.11%Annual Installment10Loans are paid by equal annual payments…

Q: Kate owes P120 000 due in 4 years plus the accumulated interest from today at 13% compounded…

A: Loan amount today (L) = P 120000 Loan amount is due in 4 years. r = 13% per annum = 3.25% per…

Q: Daiki Aomine owes a debt to a lending company of P50,000.00 due in 2 year and another P55,000.00 in…

A:

Q: Akbar has borrowed $48,000 today and agreed to repay it in 5 years with monthly payments at the…

A: monthly payment (PMT )formula: PMT=p×rm1-1+rm-m×n×1+rm   p= principal r=rate of interest m=frequency…

Q: Greg owes two debt payments – a payment of $5763 that was due in 10 months ago and a payment of…

A: