Answered: What is the amount to be paid if the…

Math

Algebra

What is the amount to be paid if the debt is paid at once at the end of the term

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Related questions

Q: How long will it take for an initial investment of $ 133000 to reach a balance of \$1,000,000 ,…

Q: TTIVITAL MAURE 5. It is desired to borrow $50000 to meet financial obligation. This money can be…

Q: A ball bounced 4 times, reaching three-fourths of its previous height with each bounce. After the…

A: We draw the situation roughly. Let the height when the ball was dropped is = h cmSo height after…

Q: Illu. 15: On 31st December, 1999, Aditya Traders Ltd., showed in their account the following…

Q: احد الاولية calculate. The principle (P) That have been borrowed (5) years ago which must be…

A: To calculate the principle that was borrowed 5 years ago and must be retained as $10,000 now with a…

Q: A bank offers an interest rate of 5.2% per annum for saving in a fixed deposit account. If Puan…

Q: a) A credit union has issued a 2 years loan of $6,000. Simple interest is charged at a rate of 8…

A: Formula of Simple interest: A=P1+rt where A= Final amount P= Initial Principal balance r= Annual…

Q: A major city wants to establish a sinking fund to pay off debts of PKR 800 million which come due in…

A: Given data Debt = PKR 800million Time 10 year Rate of Intrest = 8% 1. What monthly deposit will be…

Q: If an amount of 1,120 OMR, which includes a 5% simple interest for 2 years, is paid back, how much…

Q: b) A person ‘’lends’’ $20,000 to a corporation by purchasing a bond from the corporation. Simple…

A: Given: A person ‘’lends’’ $20,000 to a corporation by purchasing a bond from the…

Q: Jaymar invested 320,000 in ESPS Bank for 2 years at 7% annum interest rate. Find the a) interest.…

A: Here P = 320000, t=2 ,r=7%=0.07 Formula: Interest (I) =Ptr ,where P=principal, t=time in year(s),…

Q: the maturity value if P10,000 is invested for 3 years at a rate of 12% per annum?

Q: Jasica Parker would like to have $33,000 to buy a new car in 8 years. To accumulate $33,000 in 8…

Q: ) You would like to take a housing loan with amount equal to JD 110,000, the bank annual rate on…

Q: 8. Soppose a local bank offers a CD(Certificate of Deposit) that has 5% interest rate and is…

Q: Carmella purchased a refrigerator under a conditional sale contract that required 24 monthly…

A: When a certain amount of loan is taken for t years at r% interest compounded monthly and the amount…

Q: 7. Oluwatoyin buys a $5500 investment certificate that pays 5.35% simple interest per year. How much…

A: Given information Cost of investment certificate=$5500. Rate of interest r=5.35% Time t=3 years…

Q: In order to make it very clear for her client, Jedda put together the following table for both…

A: First, we can fill all the data given and then we can find the unknown values in the table.

Q: You lend a friend 100000 NOK so that your friend can make a long term invest- ment in Bitcoin. The…

Q: what is the future value (as of 10 years from now) of an annuity that makes 10 annual payments of P…

A: We will find out the required value.

Q: 1) At what simple interest rate per annum will P35,500 accumulate to P61,000.00 in 6 years and 9…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: 1. What is the maturity value of a Php 40,000 loan after 3 years if the rate of interest is 6% per…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: In Western countries a client who intend to buy a house apply for an annuity1 housing loan at their…

A: As per Islamic law has a charge of interest for a housing loan "loan contract" 1. Bank purchases the…

Q: 7. Laura borrows $5000 for 5 years at an annual simple interests rate of 5% per year. a) What is the…

Q: A mortgage of $686,000 is amortized over 25 years by making end-of-month payments of $3,650. Your…

A: Mortgage of 686000 is given Time 25 years Monthly installment is 3650 is also given

Q: your Visa credit card has an APR of 14.49%, compounded monthly and your current balance is $425.69.…

A: Given query is to find the time required to pay the amount.

Q: If I loan a amount of 5,000 with a interest rate of 20% monthly, & I have to pay it within a year…

Q: 8,000 TL for the next 10 years. The nominal annual interest rate is quoted as 12%. (Assume the first…

A: A person borrows an amount for a new house and to make monthly payment of 8,000 TL for 10 years To…

Q: A major city wants to establish a sinking fund to pay off debts of PKR 800 million which come due in…

Q: You have a total credit card debt of $4800.You receive an offer to transfer this debt to a new card…

A: Given You have a total credit card debt of $4800.You receive an offer to transfer this debt to a new…

Q: Consider 10-year loan of Sh. 300,000 at 12% interest payable monthly. The lender charges 5%…

A: GIVEN:- 10-year loan of Sh. 300,000 at 12% interest payable monthly. The lender charges 5%…

Q: 6. A certain loan from US bank offers a 5-year auto loan at 4.56% compounded quarterly to customers.…

A: To find the total money borrowed from Bank and total interest paid

Q: Exactly 10 years ago, Junior bought a condo, valued (as of ten years ago) in Ghc150,000. Junior made…

A: Junior bought a condo, value is P= Ghc1,50,000 Amortization period, n=25 years Mortgage rate,…

Q: b) Ameena borrowed a certain sum of money from a financial institution that charged 4.5% compounded…

A: As Per Bartleby Answering We Solve Only First One Problem Solution - b : Given that Monthly…

Question

100%

Ulusoy received an investment loan of TL 1,000,000 with a maturity of 5 years and a 30% interest rate from Finansbank for the rest facility to be established.

a) What is the amount to be paid if the debt is paid at once at the end of the term?

b) What would be the amount of the debt at the end of the maturity if the interests were calculated every 3 months?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

5. Find the term of annuity deferred 4 years if the present value is P200,000 and P40,000 annual payments at effective rate of 10%.
6.b) Atiqa borrowed RM 80000 at 12% compounded monthly for 5 years. i) Find her monthly payment ii) If she had not paid her first five monthly payments, how much should she pay on her sixth payment to settle the outstanding arrears?
Now, imagine you are the parent, and 18 years ago, your child was born. At the time of your child's birth, you considered saving money for a college education. 5.) How much money would you need to deposit into a savings account at the time of your child's birth (lump sum) if you wanted to have the amount you figured in question #2 in 18 years? 220 448) a) If your rate of return is 8% compounded annually. b) If interest is 6.8% compounded monthly.
17) Determine the simple Interest Rate applied to a Principle of $100,250 over 10 years if the total interest paid equals the Principal.
If a 12-day single payment loanhas a periodic interest rate of11.2%, what is the approximateAPR of the loan?
1. Arah borrowed of Php 14,000 from a cooperative and paid a Php 800-interest in a year. What was the simple interest rate? 2. What is the maturity value of a Php 40,000 loan after 3 years if the rate of interest is 6% per annum?
6.a) Layla invested RM 660 every month for 6 years 6 months at 6% compounded monthly. Find the: i) future value of this annuity. ii) interest earned.