NAME: SECTION: Activity 2: Answer the activities on your Business Mathematics Textbook by Lopez. 1. Compute the interest on a purchase of P30,000 at 8% for 10 and 15 months. 2. Find the maturity value of a loan of P5,000 borrowed at an interest rate of 15% if it has to repaid for 18 m 3. Stephanie makes a P40,000 credit purchase and agrees to repay the credit in four equal monthly paymen For each month, she has to pay 12% annual rate on unpaid balance. To summarize what she has to pay, c table below. UNPAID BALANCE TOTAL PAYMENT NEW MONTHLY INTEREST MONTH PRINCIPAL PAYMENT 1st MONTH 2ND MONTH 3RD MONTH 4TH MONTH 4. Richard is starting a small business, and he needs a capital of P50,000. He already hasP25,000, and is cons loan the other P25,000 from one of the following lending companies. Which will be the best company to la Richard wants to pay the lowest interest possible? Assume that all companies use ordinary interest. Explai a. Company A se bue Rate: 6% Time: 120 days de biaa iretealetet l b. Company B Rate: 10% Time: 60 days a. Company C Rate: 5% ENYAS ATOT Time: 150 days X08. omplete the sentences below. 1. Break-even happens when
NAME: SECTION: Activity 2: Answer the activities on your Business Mathematics Textbook by Lopez. 1. Compute the interest on a purchase of P30,000 at 8% for 10 and 15 months. 2. Find the maturity value of a loan of P5,000 borrowed at an interest rate of 15% if it has to repaid for 18 m 3. Stephanie makes a P40,000 credit purchase and agrees to repay the credit in four equal monthly paymen For each month, she has to pay 12% annual rate on unpaid balance. To summarize what she has to pay, c table below. UNPAID BALANCE TOTAL PAYMENT NEW MONTHLY INTEREST MONTH PRINCIPAL PAYMENT 1st MONTH 2ND MONTH 3RD MONTH 4TH MONTH 4. Richard is starting a small business, and he needs a capital of P50,000. He already hasP25,000, and is cons loan the other P25,000 from one of the following lending companies. Which will be the best company to la Richard wants to pay the lowest interest possible? Assume that all companies use ordinary interest. Explai a. Company A se bue Rate: 6% Time: 120 days de biaa iretealetet l b. Company B Rate: 10% Time: 60 days a. Company C Rate: 5% ENYAS ATOT Time: 150 days X08. omplete the sentences below. 1. Break-even happens when
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Calculate the interest of P30,000 at 8% for 10 and 15 months
Transcribed Image Text:2021.11.14 17:16
NAME:
SECTION:
Activity 2: Answer the activities on your Business Mathematics Textbook by Lopez.
1. Compute the interest on a purchase of P30,000 at 8% for 10 and 15 months.
2. Find the maturity value of a loan of P5,000 borrowed at an interest rate of 15% if it has to repaid for 18 months.
3. Stephanie makes a P40,000 credit purchase and agrees to repay the credit in four equal monthly payment of P10,000.
For each month, she has to pay 12% annual rate on unpaid balance. To summarize what she has to pay, complete the
table below.
NEW BALANCE
MONTHLY
INTEREST
TOTAL PAYMENT
PRINCIPAL
PAYMENT
MONTH
UNPAID BALANCE
1st MONTH
2ND MONTH
3RD MONTH
4TH MONTH
4. Richard is starting a small business, and he needs a capital of P50,000. He already hasP25,000, and is considering to
loan the other P25,000 from one of the following lending companies. Which will be the best company to loan from if
Richard wants to pay the lowest interest possible? Assume that all companies use ordinary interest. Explain.
a. Company A
ise bu
Rate: 6%
Time: 120 days
b. Company B
Rate: 10%
Time: 60 days
a. Company C
Rate: 5%AYEMYAS ATOT
Time: 150 days
908
beo lenoifshrgo ms. taactotoeg
omplete the sentences below.
1. Break-even happens when
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