R Hughes lent us £5000 in cash
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- Mr. Isidro borrowed P1,150,000.00 for the purchase of his car. If his monthly payment is P25,000.00 on a 5-year mortgage, what is the total amount of interest? a. 350 000 b. 360 000 c. 370 000 d. 380 000The Roths bought a house for $433,900. They paid the sellers a 20% down payment and obtained a simple interest amortized loan for the balance from their bank for the remainder, at 4 7/8% for thirty years. The bank in turn paid the sellers the loan amount, less a 6% sales commission paid to the sellers' and buyers' real estate agents. The bank charged them 2 points plus fees totaling $8,459.46; of these fees, $6,251.28 were included in the finance charge. (a) Find the loan amount. (b) Find the "legal loan amount" –the amount borrowed, according to the Truth in Lending Act. (Round your answer to the nearest cent.)(c) Find the Roth's monthly payment. (Round your answer to the nearest cent.)(d) Find the APR (round to the nearest hundredth of 1%).(e) Find the total interest paid. (Round your answer to the nearest cent.)(f) Find the total finance charge. (Round your answer to the nearest cent.)(g) Find the amount that the sellers are paid for their house.4) Raymond bought a new car by trading in his old car which was valued at RM10,000. He had to make an additional payment of RM3,500 as a down payment. He paid RM1,200 every month for five years. The interest rate charged was 4% per annum on the original balance. Find (a) the instalment price of the car (b) the cash price of the car (c) total interest charged (d) outstanding balance immediatley after the 24th payment on the original balance
- Edward loaned 55000 to a small business at 4.66% compounded quarterly for 1 year and 9 months how much would the business have to repay her at the end of periodA student bought a rental property for $40 000.00 down and monthly payments of $1000.00 for 5 years. What is the equivalent cash price if money is worth 5.75% compounded semi-annually? 85647.32 O95288.35 O 105284.25 O 92122.41 4In purchasing of house, a man makes P720,000 down payment and agrees to pay P1,200,000 5 years later. Find the cash value of the house if money is worth 14% compounded semi-annually. Solve and do not use excel
- A Peter bought 2 sets of golf clubs for him and his son worth P62, 650 each. If he paid a total amount of P11500, what was the discount rateQuestion 5 Sarah invested Php150,000 for 4 years in Malayan Bank that yields 3% compounded semi- annually, how much sum will Sarah receive in 4 years? Php159,204.53 Php175,886.80 Php168,973.89 Php156,090.60Your brother borrowed from your neighbour ₱7,000 to buy a new mobile phone. The neighbour charged 11% for the borrowed amount payable after three years.
- The Roths bought a house for $438,500. They paid the sellers a 20% down payment and obtained a simple interest amortized loan for the balance from their bank for the remainder, at 0.4875 for thirty years. The bank in turn paid the sellers the loan amount, less a 6% sales commission paid to the sellers' and buyers' real estate agents. The bank charged them 2 points plus fees totaling $8,549.15; of these fees, $6,317.55 were included in the finance charge. (a) Find the loan amount (b) Find the "legal loan amount" –the amount borrowed, according to the Truth in Lending Act. (Round your answer to the nearest cent.) (c) Find the Roth's monthly payment. (Round your answer to the nearest cent.) (d) Find the APR (round to the nearest hundredth of 1%). (e) Find the total interest paid. (Round your answer to the nearest cent.) (f) Find the total finance charge. (Round your answer to the nearest cent.) (g) Find the amount that the sellers are paid for their house.16. Puan Siti intends to borrow from a bank to finance the cost of buying a house at Banting with a price of RM280,000. The bank has imposed this condition: • If income Puan Siti exceeding RM4,500 a month, then she is entitied to borrow 95% of the price of the house • If income Puan Siti is less than RM4,500 a month, then she entitled to borrow 90% of the price of the house. The Bank has imposed an interest of 6.5% per annum. It is understood the basic salaries of Puan Siti last year was RM3,250. For this year, she has received several increments as follows: i. Annual increment ai RM250 ii. Housing allowance increase by 10% from RM600 last year iii. Critical allowance increase by 5% from RM400 last year If Puan Siti wants to make a loan for 25 years, calculate: Total amount of loan Total overall payment Monthly payment to be paid a. b. С. houre at the price at RM302,000. OtherMr. and Mrs. Marasigan bought a house and lot worth P675,000.00 at Villa San Mateo. They made an initial payment of P60,000.00 How much was the yearly amortization if they agreed to pay for 15 years?A. P40,000.00 B. P41,000.00C. P45,000.00 D. P48,000.00
