Suppose you are a regular employee in a finance company that offers through salary deduction. One of its privileges is availing a loan that offers a 5% interest compounded annually for 1 to 5 years. You are thinking to apply for a loan but you wanted to analyze if you can shoulder the monthly payment. Make a loan schedule and fill up an application form that will help you decide the amount of loan that you will make Loan Schedule Loan Amount Maturity Value Monthly Payment t=1 t-2 t-3 t-4 t-5 P10,000 P20,000 P30,000 P40,000 P50,000 P100,000 P150,000 P200,000 P250,000
Suppose you are a regular employee in a finance company that offers through salary deduction. One of its privileges is availing a loan that offers a 5% interest compounded annually for 1 to 5 years. You are thinking to apply for a loan but you wanted to analyze if you can shoulder the monthly payment. Make a loan schedule and fill up an application form that will help you decide the amount of loan that you will make Loan Schedule Loan Amount Maturity Value Monthly Payment t=1 t-2 t-3 t-4 t-5 P10,000 P20,000 P30,000 P40,000 P50,000 P100,000 P150,000 P200,000 P250,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Money Matters
Read and analyze the situation below then answer the questions that follow.
Suppose you are a regular employee in a finance company that offers a loan payable
through salary deduction. One of its privileges is availing a loan that offers a 5%
interest compounded annually for 1 to 5 years. You are thinking to apply for a loan
but you wanted to analyze if you can shoulder the monthly payment. Make a loan
schedule and fill up an application form that will help you decide the amount of loan
that you will make
Loan Schedule
Loan Amount
Maturity Value
Monthly
Рayment
t-1
t-2
t-3
t-4
t-5
P10,000
P20,000
P30,000
P40,000
P50,000
P100,000
P150,000
P200,000
P250,000
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