To pay off a P100,000 loan , it is required that 20 semi -annual payments that is increased by P500.00 be made . Determine the amount of the first payment if it is due six months after the loan is made and interest Is 7% compounded semi-annually. A) P2,854 C) P102,038 B) P4,182 D) P7,036
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. To pay off a P100,000 loan , it is required that 20 semi -annual payments that is increased by
P500.00 be made . Determine the amount of the first payment if it is due six months after the loan is made
and interest Is 7% compounded semi-annually.
A) P2,854 C) P102,038
B) P4,182 D) P7,036
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT FUTURE AMOUNT IS DUE AT THE END OF THE LOAN PERIOD? O a P92,100.00 O b. P92,020.00 O c. P92,000.00 O d. P93,000.00
- 2. Find the semiannual payments to repay a debt of P100,000 in 5 equal payments with interest at 12% compounded semiannually, the first of these payments to start one year after the loan is made. Construct an amortization schedule.3) A loan of P50k requires quarter payments of P2875 over 10-year period. These payments include both principal and interest. a) what is the nominal interest rate for this loan? b) Determine the amount of unpaid loan principal after 6 years.A loan is to be repaid by $1500 in one year and $2250 in four years. The borrower has asked to repay $1000 in 1.5 years and a final payment in three years. If money can earn 6% compounded quarterly, what is the size of the final payment? Select one: O a. 2735.18 O b. 2705.50 O C. 2725.50 O d. 2755.85 O e. 2715.50
- A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT DUE AT THE END OF THE LOAN PERIOD? O a. P92,100.00 O b. P93,000.00 O c. P92,020.00 O d. P92,000.00A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The amount of the monthly payment is calculated on the basis of an interest rate of 1% per month effective. Find the total capital repaid and interest paid in the first and last month, respectively. Answer: The interest paid in the first month is a) £4000x1.01= £4040 b) £4000x(1-exp(-0.01))=£39.807 c)£4000x0.01= £40 d)£4000x0.12= £480 The repaid capital is a)£0.535 b)£48.9778 c)£49.1771 d)£587.734 In the last month, the interest paid is a)£ 0.00535 b)£0.489778 c) £0.889778 d)0.491771 In the last month, the capital repaid is a)£479.645 b)£431.358 c)£88.088 d)39.8007 They are multiple-choice questionsA $17000 loan is to repaid by monthly payments of $390, the first payment is due in one year's time. If interest is charged at a rate of jyz = 10%. determine the number of regular monthly payments and the size of the final larger payment. a)Number of payments: bjFinal larger payment: $
- A loan of $17,500.00 is repaid by making annual payments of $5,781.10 at the end of each year. If interest is 6.13% compounded annually. How many payments are required to amortize the loan? Round UP the answer to the next higher whole number (e.g. 5.12 must be entered as 6). Number of payments = whole number) PV=$ 2) (enter a 3) 4) Complete the amortization table below. Enter only POSITIVE VALUES IN THE AMORTIZATION TABLE (rounded to two decimal places). Total Payment number Payment amount Interest Paid Principal Repaid Balance 0) $17,500.00 1) FA tA I/Y= $ PMT=$ $ GA FA A SA FA GA P/Y=C/Y= GA FV=$ A GA GA EA $A fully secured loan of P30,000 was to be amortized by 10 equal semi-annual payments, the first payment to be made 6 months after the loan finalization. After the 6th payment was made the debtor was in a position to settle the entire debt balance by a single payment on that date. If the interest on the loan is 12% compounded semi-annually, what be the amount of the single payment? a. P15,437 b. P13,488 c. P16,935 d. P14,124Using the relation R= 1 - ( 1 + 1)-1), 1-(1+i)-n find the amortization schedule for a loan of GH¢4000 to be paid off in 2 years with quarterly payments. The interest on the loan is 7.5% annual interest compounded quarterly.