-The amount of P20,000.00 was borrowed from a lending investor at an interest rate of 5% per month. How the interest is he going to pay at the end of 10months? -Determine the exact simple interest of P5,000 for the period of Jan 15 to Nov 28, if the rate of interest is 22%?

Q: (1) The total amount of a loan to which interest has been added is P 200,000. The term of the loan…

A: Data given: Total interest = P200,000 t=4.5 years Simple interest = 6%   Formula for simple interest…

Q: The monthly payments on a 15-year loan of $20,000 at 6.8% interest are $177.54. (a) What is the…

A: Ordinary annuity is when the PMTs are made at the end of the period.

Q: The interest amount on a $46,500 loan was $24,785.95. The interest rate charged on loan was 9.20%…

A: Future value of a loan refers to the total amount that will be due at the end of the loan term,…

Q: Assume that you take out a $7000 loan for 46 months at 7.5% APR. How much total interest will you…

A: Loan: It is the amount of money borrowed from a person or bank or company for a certain period…

Q: Mr. Andi bought a machine and agreed to a loan of Rp. 1,000,000.00 which can be paid in installments…

A: a) When the payment is made today for a loan of 1,000,000, the annuity amount to be paid can be…

Q: Flat Rock Inc recently borrowed $55,000 from its bank at a simple interest rate of 9.2%. The loan is…

A: The loan agreement that states the interest amount would be added back to the amount borrowed, such…

Q: A man borrows $200 at a 3% interest compounded monthy. If he pays the loan off at the end of 7…

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

Q: If you borrowed $1,175 for 11 months at a simple interest rate of 5.00% per annum, how much interest…

A: Interest = Principal * Rate * Time

Q: A borrower had a loan of $7800 at 5.6% compounded semiannually, with 20 semiannual payments. Suppose…

A: We have; The loan amount is $7800 The interest rate is 5.6% compounded semiannually Total m=number…

Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…

A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…

Q: A loan for $36, 000 was obtained to be paid off over 5 years at 5.5% P. A with monthly repayments. a…

A: First, the present value annuity formula can be employed to determine the monthly payment (PMT).…

Q: onsider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: How much interest interest will be paid by Mr. Scusta Clee, if he borrowed Php515,515 at 3.25% after…

A: The interest earned on the already earned interest along with the principal amount is the compound…

Q: what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How…

A: Using the present value of annuity formula we can calculate the original amount borrowed…

Q: Assume that you take out a $2000 loan for 53 months at 5.5% APR. How much total interest will you…

A: Total interest paid = Future amount payable - Loan amount Amount payable for the loan borrowed is…

Q: Find the annual simple interest rate of a loan, where $800 is borrowed and where $904 is repaid at…

A: Interest charged on the principal amount at a fixed rate for a fixed period of time is known as…

Q: A loan of P15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due…

A: Notes Payable - Notes Payable is the liability for the company which needs to be paid after a fixed…

Q: What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is…

A: In contrasts to a fee that the borrower may pay the lender or another party, interest is a payment…

Q: If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years…

A: monthly rate (r) = (1 + 11.6%/4)1/3 - 1 = 0.9575% FV = 0 N = 6*12 PMT = 7,338 use PV function in…

Q: Suppose you take out a loan for $7,000, at 12% ordinary interest. If the amount of interest is $672,…

A: Principal Amount = p = $7000 Interest rate = r =  12% Interest amount = i = $672

Q: The amount needed to pay off (Round to the nearest cent as needed.) this loan after 2 years is

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: 5. An individual borrows £15,000 to be repaid in 10 years with monthly payments at the end of each…

A: EMI= LOAN AMOUNT/ Present value annuity factor @r%,n periodsEMI= 15000/103.56       =144.84

Q: ou were paying your fully amortising loan at 8.2% per annum for 12 years. The current monthly…

A: In amortizing loans , loans are divided into smaller payments and these payments carry the payment…