The PC shop obtains a loan from a finance company. It is to be repaid by quarterly payments of PHP 50,000, the first of which is due at the end of 2 years and the last at the end of 6 years. If the interest rate on the loan is 16% compounded quarterly, how much is the amount borrowed? O PHP 74,160.77 PHP 122,180.12 PHP 91,010.85 PHP 310,510.71 None of the above

The PC shop obtains a loan from a finance company. It is to be repaid by quarterly payments of PHP 50,000, the first of which is due at the end of 2 years and the last at the end of 6 years. If the interest rate on the loan is 16% compounded quarterly, how much is the amount borrowed? O PHP 74,160.77 PHP 122,180.12 PHP 91,010.85 PHP 310,510.71 None of the above

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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A credit cooperative recently offers a 36-month loan at 4.15% compounded monthly for typhoon victim members. If a member can afford only to pay Php 750 a month, how much can he borrow from the cooperative? What is the total interest he will pay for his loan?
1. A man borrows Php 64,000 from a loan association. In repaying this debt, he has to pay Php 4000 at the end of every 3 months on the principal and a simple interest of 16% on the principal outstanding at that time. Determine the total amount he has paid after paying all his debt.
Please answer this question correctly ASAP. Thank you.
1. If you want to borrow K150,000 which of the following banks should you select? Explain clearly with necessary calculation. (i) Bank A requires quarterly repayments of K12,872.96 at the end of each quarter over 4 years. (ii) Bank B requires a total repayment of K276,360 at the end of 5 years.
8. Find the discount rate if Php 7,000 is the present value of Php 7,500 which is due at the end of 4 months. 9. Jerome obtains Php 15,000 as the proceeds of a 300-day loan from a bank charging 5% Discount. What will Jerome pay at the maturity date? 10, What interest rate is equivalent to the discount rate 8% in discounting an amount for: a) 3 months; b) 1 year; c) 6 years
A lender lends $10,500, which is to be repaid in annual payments of $2,020 for 6 years. Which of the following shows the timeline of the loan from the lender's perspective? A. Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $2,020 $2,020 $2,020 $2,020 $2,020 В. Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 - $10,500 $2,020 $2,020 $2,020 $2,020 $2,020 С. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 - $10,500 $2,020 $2,020 $2,020 $2,020 $2,020 $2,020 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 - $10,500 $2,020 $4,020 $6,020 $8,020 $10,020 $12,020
THANKS FOR THE HELPPP!!!
A banks lends a customer OMR 6,000. At the end of 9 years he repays this amount plus interest. The amount he repays is OMR 10,000. What is the interest rate charged by the bank? What sum must be invested now to provide an amount of OMR 18,000 at the end of 15 years if interest is to accumulate at 8% for the first 10 years and 12% thereafter?
A Man borrows Php 2000 for 6 years at 8 %, to be repaid in a lump sum at the end of 6 years. At the end of 6 years, the Man renews the loan for the amount due plus Php 2000 more for 2 years at 8 %. What is most nearly the amount of the loan renewal? a. Php 5 506.54 b. Php 4 371.08 c. Php 3 173. 70 d. Php 2 871.61
An Initial payment of $6,000 is deposited Into a bank with a nominal annual Interest rate of 9.5%, compounded semi-annually. You would like to withdraw this amount In in a series of 5 equal annual sums, with the first withdrawal being 1 year form the deposit. What is the amount that should be withdrawn each year? O $3,571.71 $2,571.71 O $2,271.71 O $1,571.71
A bank loans a family $90,000 at 8% annual interest rate to purchase a house. The familyagrees to pay the loan off by making semiannual payments over a 25 year period. Howmuch should the semiannual payment be in order to pay off the debt in 25 years?
1.

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