Suppose that a local farmer wants to borrow money ftom Landbank of the Philippines to start the organic farming in his one (1) hectare of agricultural land. The farmer needs P150,000.00 as start up capital. The bank offers him 10% interest rate compounded annually. Compute for the total amount to be paid every year for 5 years. Show your solution

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A: The Down-payment is the sum of money first paid for something. No interest will be charged on…

Q: You want to buy a $190,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan…

A: According to Bartleby guidelines, if a question involves multiple sub-parts, then 1st sub 3 parts…

Q: You organize an investment team to purchase a commercial property for $850,000. The bank demands a…

A: A mortgage loan is given by the bank to the purchase of the home for purchasing the home and if the…

Q: You plan to save every year and accumulate $150,000 in 6 years to make the down payment for your…

A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: You plan to send your first born child to College for a 4-year degree with 4 annual payments.  Your…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: ou want to buy a $224,000 home. You plan to pay 15% as a down payment, and take out a 20 year loan…

A: Monthly payments on an amortized loan refer to a fixed amount of money that a borrower pays each…

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A: Mortgage amount = $250000Mortgage term = 30 YearsRate of interest = 3.5% per annumwe are required to…

Q: You purchase a plot of land worth $54,000 to create a community garden. To do so, you secure a…

A: Future value of a present amount With present value (PV), discount rate (r) and period (n), the…

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A: Loans are paid by the equal monthly payments that carry the payment for principal amount and also…

Q: Suppose that you earned a bachelor's degree and now you're teaching high school. The school district…

A: It is a case of calcuating future value of the annuity of annual deposits. Further it requires to…

Q: the amount of the down payment?

A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: Suppose you want to buy a $144,000 home. You found a bank that offers a 30-year loan at 3.3% APR.…

A:

Q: Solve the following problems. Round your results to the nearest cent as needed. You need a loan to…

A: P = $24,200 (loan amount),(monthly interest rate),n=6×12 (number of months in 6 years).

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A: The time value of money refers to the concept that represents the money present today is more…

Q: how long it will take for $1,000 to amount to $1,900 at a simple interest rate of 12 1/2 percent.…

A: In this we have to calculate future value using simple interest rates.

Q: Suppose you are offered an investment that will allow you to double your money in 8 years. You have…

A: Note: Hi! Thank you for the question, As per the Honor code, we are allowed to answer one question…

Q: Find the Interest Rate (Internal Rate of Return) in EXCEL Cinderella wants to invest in a heat pump…

A: Internal rate of return is an important capital budgeting metric. IRR or internal rate of return is…

Q: a. What is your annual payment on the loan? b. Construct a mortgage amortization. c. What fraction…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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A: First, I'm going to list the formula, and then solve them in excel. We need to determine the…

Q: A man plans to take a vacation in 5 years. He wants to buy a certificate of deposit for $1300 that…

A: To calculate the simple interest rate we will use the below formula   Interest rate = [(A-P)/P]/T…

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A: Annual loan payment is the amount of loan repayment which are scheduled at regular interval of time…

Q: Suppose that, to purchase a car, you are obtaining a personal loan from your uncle in the amount of…

A: Loan amount = $ 65000 Annual interest rate = 6% Period = 5 Years

Q: Suppose you take out a loan for $15,000 to buy a car to start driving Uber as a side hustle. Suppose…

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Q: You want to buy a $243,000 home. You plan to pay 10% as a down payment, and take out a loa with a…

A: As per Bartleby honor code, when multiple sub-parts of a question are asked, the expert is required…

Q: Please explain how to do this in Excel. Please explain how you did it and what the results mean. You…

A: Sale Price = $650,000Down Payment = 20% of Sale PriceTime Period = 30 YearsInterest Rate = 7.2%

Q: SOLVE the following: i. Suppose that your five-year old daughter has just announced her desire to…

A: Money’s value declines with the time. Compounding and discounting are the two ways which considers…

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

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A: correct answer is option a)   year 0 year 1 year 2 year 3 year 4 year 5               cash…

Q: start saving in one year from now a fixed amount for 20 total deposits. Wha is the amount of that…

A: First we need to determine the PV of all 4 payments using the formula below:CFn = cash flow in year…

Q: You decide to purchase your own property. The estimated purchase price is $1,600,000. You obtain 90%…

A: given, price = $1600,000 financing obtained=90% rate (r)= 7% years (n) =25%

Q: Please make an excel spreadsheet and show the formulas in the cells for the problem below and please…

A: To calculate how much money you will make in book after 3 years, we need to break down the…

Q: You want to buy a new house.  You can afford to pay $15,000 per year for 30 years with the first…

A: Annual payment (A) = $15000 n = 30 years r = 3%

Q: You want to buy a $130,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…

A: Down Payment The first payment made by a buyer for a credit purchase is called a down payment.  The…

Q: In order to purchase a brand new set of living room furniture, you take out a loan from the bank at…

A: Cash price is the present value of quarterly payment made at the of the quarter.

Q: Quantitative Problem: You need $18,000 to purchase a useel car. Your wealthy uncle is willing to…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

Q: A man plans to take a vacation in 4 years. He wants to buy a certificate of deposit for $1200 that…

A: We need to use compound interest formula to solve this problem A=P(1+r)n Where A =Amount/Final…

Q: A student takes out $10,000 in loans. If she repays the loan over a 10 year period, calculate the…

A: Here we will use the concept of time value of money. The concept of time value of money states that…

Q: Please provide working to the solution for the question below: You have just graduated and need…

A: Solution:- Interest rate is also known as opportunity cost. So, the amount of loan granted will be…