P 12/14 1/14 2/14 3/14 P P P P 8/14 9/14 P P P 12/14 1/14 2/14 3/14 (1) How much is did Dora borrowed today? (2) Dora failed to settle all monthly dues scheduled but Barney's collection agency wh and Barbie waives penalties due to payment default and allowed her to settle all interest on May 14, 2024. How much is the total amount due that she should settle (3) Dora wishes to pay Ken and Barbie in one lump sum amount on August 14, 2023. F is she allowed pay on that day to discharge the entire loan?
P 12/14 1/14 2/14 3/14 P P P P 8/14 9/14 P P P 12/14 1/14 2/14 3/14 (1) How much is did Dora borrowed today? (2) Dora failed to settle all monthly dues scheduled but Barney's collection agency wh and Barbie waives penalties due to payment default and allowed her to settle all interest on May 14, 2024. How much is the total amount due that she should settle (3) Dora wishes to pay Ken and Barbie in one lump sum amount on August 14, 2023. F is she allowed pay on that day to discharge the entire loan?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Barbie and Ken agrees to lend Dora money in exchange of monthly payments of P= P5,000 begin-
ning Mar. 14, 2023 until Feb.14, 2024. Money is worth 7.2% payable monthly.
P
P
+
+
12/14 1/14 2/14 3/14 4/14
P P P
+
7/14 8/14 9/14
P P P
12/14 1/14 2/14 3/14
5/14
(1) How much is did Dora borrowed today?
(2) Dora failed to settle all monthly dues scheduled but Barney's collection agency who represents Ken
and Barbie waives penalties due to payment default and allowed her to settle all amount dues plus
interest on May 14, 2024. How much is the total amount due that she should settle with Barney?
(3) Dora wishes to pay Ken and Barbie in one lump sum amount on August 14, 2023. How much in total
is she allowed pay on that day to discharge the entire loan?
(4) Dora decided to continue the payment thru Sept. 14, 2023. How much is her remaining payments
due after this 9/14 payment?
(5) How much must Dora pay instead of P5,000 monthly, if she wishes to borrow P60,000 from Ken
and Barbie on Dec. 14, 2022?
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