PLEASE don't use excel for this. Show thesolution with formula needed.SIMPLE INTEREST1. You owe P120,000.00 from a friendthat promise to pay 6% simpleinterest. How much will you pay at theend of 9 months? How about at theend of 1 year and 6 months?COMPOUND INTEREST1. If the sum of P12,000.00 is deposited inan account earning interest rate of 9%compounded quarterly, what will itbecome after 1 year? And what is theeffective rate?2. An investment of P3,000,000.00 earnsinterest of 9% compoundedcontinuously. What is the effectiverate of interest?

Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: PLEASE don't use excel for this. Show…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For the Questions 3-5 assume you want to finance (borrow) $12,000 for your next car and your interest rate will be 6%. 3. What will be your monthly payment and the total amount paid over the life of the loan if you finance for 48 months? Provide the car payment and the TVM inputs you used to calculate the payment. Рayment Total of all payments PV FV RATE/INTEREST PERIODS/N (See next page for Questions 4 and 5)
Provide manual solution and diagram for below given problem. A man borrowed P100,000 with 20% interest promised to pay the amount annually for 10 years however after the 6th deposit was made, he is in the position to pay the remaining balance. What amount should he pay?
Suppose Capital One is advertising a 60 month, 5.58% APR motorcycle loan. If you need to borrow $8100 to purchase your dream Harley- Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.) I keep typing this into my Ti - nspire but it keeps giving me the incorrect answer and I do not know why. (8100*0.465)/ (1 - (1 + 0.465) ^ - 60)) which I know isn't nthe correct monthly payment...
Answer the given question with a proper explanation and step-by-step solution. Please provide the answer using the math tool otherwise I give the downvote. Financial Mathematics Please answer all parts of the question Suppose you will receive $50,000 in 10 years time.a) What is the discount factor assuming quarterly compounding at 7% interest rate?b) What is the present value?c) What happens to the present value if the payment was to occur in five years?d) What happens to the present value if the interest rate was 8% instead?
Need help with an Excel sheet for homework, and not sure what the formula is to find a monthly payment... Loan: 200,000 Years: 10 Rate. 5% How would I/ what is the formula to figure it out through excel
4. Suppose you want to buy a car that costs $27000 with a loan at 3.875% APR and you want your payment to be below $290. How many years do you need to finance the car? ______ years show work.
Hh2. Account
not use excel Q)Assume that you need $5,000 after completion of 4 year. Let’s examine the process to determine how much you need to deposit today if discount rate is 7%?
solve using the appropriate formulas show full workings and find the answer. DONT USE EXCEL TO SOLVE ANYTHING ONLY USE RELEVANT FORMULAS TO SOLVE AND SHOW ALL WORKINGS 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?
Need hood explanation, don’t use excel please. Tsinoor takes out a loan of $6800. He will repay the loan over 5-years with semi-annual payments of $816 (first payment due in 6-months). Using linear interpolation, what rate of interest, j2 is being charged on the loan?
3. 4.) -$5,206.37 You're planning to buy a car. The loan will have monthly payments of $510 for 36 months, and your money is in an account that has a 1% monthly interest. If you don't buy the car for 6 months, how much money do you need in the account right now to pay for it all? A = 5 N== ¿=1"
solve using the appropriate formulas show full workings and find the answer. DONT USE EXCEL TO SOLVE ANYTHING ONLY USE RELEVANT FORMULAS TO SOLVE AND SHOW ALL WORKINGS 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?

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PLEASE don't use excel for this. Show the solution with formula needed. SIMPLE INTEREST 1. You owe P120,000.00 from a friend that promise to pay 6% simple interest. How much will you pay at the end of 9 months? How about at the end of 1 year and 6 months?