question 14A businessman borrowed P200,000 with interest at the rate of 6.9% compounded semi-annually. He agrees to discharge his obligation by paying a series of 8 equal semi-annual payments,the first being due at the end ol 6 years Find the semi-annual payment.Express your answer in whole number«< Question 14 of 5

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Answered: question 14 A businessman borrowed…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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6.b) Atiqa borrowed RM 80000 at 12% compounded monthly for 5 years. i) Find her monthly payment ii) If she had not paid her first five monthly payments, how much should she pay on her sixth payment to settle the outstanding arrears?
G calculator - Google Search x New Tab X Quiz: Do - M10P2: TransportationX com/courses/2438849/quizzes/8459616/take Yesenia purchased a car for $16,789.23. She obtained a 72 month term loan at an interest rate of 3.74%. Her monthly payment is $260.69. Enter in the correct amounts in the following amortization schedule for the 1st month. Round your answers to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Do not use a comma. Example: $2634.57 Balance After Balance Owed Interest Charge Payment Payment D Question 6 6 pts Yesenia purchased a car for $16,789.23. She obtained a 72 month term loan at an interest rate of 3.74%. Her, monthly payment is $260.69. If Yesenia makes 72 full payments of $260.69, how much will she have paid for the car and total interest when the loan is paid off and how much total interest will she have paid? Only input the number. Do not input the dollar sign. Do not use a comma. Example:…
Which of the following statements is true about annuity? * a. It is a series of payments of unequal amounts, though made at an equal interval of time b. It is a series of payments of equal amount made at an equal interval of time. c. None of the above d. It is a series of payments of equal amount but made not of equal interval of time If you have PhP 5,000.00, which of the following investment alternatives would provide the greatest ending wealth for your one-year investment? * a. 7/10 percent compounded quarterly b. 72/100 percent simple interest c. 7/10 percent compounded semi-annually d. 7/10 percent compounded annually How much interest was earned by an investment that earns at a rate of 9% compounded semiannually for 7 years if the initial investment is at Php 18,000.00? * a. Php 15,535.01 b. Php 15,353.01 c. Php 15,533.01 d. Php 15,335.01 Suppose that you want to earn Php 9,281.25 after 27 months and you have Php 75,000. At what rate should you invest the said amount? * a. 5.75%…
12. An investment of Php1,500 is made at the beginning of each year for 8 years. Find the total investment at the end of the term if money is worth 4.6% compounded annually.
Calculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Identify the Principal amount DHS Identify the Rate (as used in equation for calculation) Identify the Time (as used in the equation for calculation) years Calculate the future value of a simple interest loan of 15,500 DHS at a rate of 1.5% for fifteen (15) months. Round the answer to the nearest fil (two (2) numbers behind the point.) The future value of the loan after fifteen (15) months that will be paid back is DHS.
What is the future value of P33,000,000 in 1 /4 years with interest rate of 8 1/4%?
1. Arah borrowed of Php 14,000 from a cooperative and paid a Php 800-interest in a year. What was the simple interest rate? 2. What is the maturity value of a Php 40,000 loan after 3 years if the rate of interest is 6% per annum?

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