Show solution numbers 1 and 2 on how the answer is obtained using interest formulas Note: Without using excel sheet 1. Alexander Murils owes P 25,000 due in one year and P 75,000 due in 4 years. He missed these 2 payments and agrees to pay all liabilities in 5 years. if money is worth 10% compounded semi annually, how much will Alexander Murils pay in 5 years? Answer: P 119,624 2. Mr. Jones borrowed P 20,000 from a lending firm and an additional P 5,000 after 2 months. He paid P 10,000 after 1 year and an additional payment of P 12,000 at the 18th month. The lending firm demanding Mr. Jones to pay all at the end of 2 years. If interest is 12% compounded monthly, how much will Mr. Jones pay at the end of 2 years. Note: The reference of all the time is the time P20,000 is borrowed. Answer: P 7, 611.80
Show solution numbers 1 and 2 on how the answer is obtained using interest formulas
Note: Without using excel sheet
1. Alexander Murils owes P 25,000 due in one year and P 75,000 due in 4 years. He missed these 2 payments and agrees to pay all liabilities in 5 years. if money is worth 10% compounded semi annually, how much will Alexander Murils pay in 5 years?
Answer: P 119,624
2. Mr. Jones borrowed P 20,000 from a lending firm and an additional P 5,000 after 2 months. He paid P 10,000 after 1 year and an additional payment of P 12,000 at the 18th month. The lending firm demanding Mr. Jones to pay all at the end of 2 years. If interest is 12% compounded monthly, how much will Mr. Jones pay at the end of 2 years. Note: The reference of all the time is the time P20,000 is borrowed.
Answer: P 7, 611.80
Step by step
Solved in 2 steps
