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A loan is to be repaid after a term of 5 years. If the principal amount is at ₱215,000 and the total amount to be repaid is at ₱275,000, what was the corresponding interest rate if it compounded quarterly?
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- A loan of ₱20,000 will be paid semiannually for 4 years. What is the amount of each payment if interest rate is 16% converted semiannually?A loan of $10200 is to be amortized with quarterly payments over five years. The interest on the loan is 7.5% per year, paid on the unpaid balance. What is the payment to pay off the loan?How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the discount rate is 9%. How much is the proceeds after deducting the interest?
- A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?A loan of $8000 made at 6% compounded monthly is amortized over five years by making equal monthly payments. What is the size of the monthly payment? What is the total amount paid to amortize the loan? What is the cost of financing?As debt payment, P315,000 is due in 4 years and 7 months. If the debtor wishes to repay the debt now, and the lender applies 9% interest compounded semi-annually, how much does he have to pay?
- What is the payment for a loan of $320000 with an interest rate of 8.13% compounded monthly for 6 years?Answer the given problem below. Attach a complete solution. A loan of P5000 is made for a period of 13 months, from January 1 to January 31 the following year, at interest rate of 20%. What future amount is due at the end of the loan period for an (a) ordinary and (b) exact interest rate?A loan of $ 1,000 is being paid with annuities of $ 80 at an interest rate of 5. One year after the loan is actually paid, if after 7 payments it is agreed that the rest of the debt will be covered with two One-time equal payments at the end of year 9 and 11. How much are these payments so that the debt is paid off entirely?
- what is the monthly payment of a loan of 140000 with a fixed rate of 6.5 Apr for 15 years what is the toal payment of this loanA loan of RM200,000, paid annually, is made for a term of 30 years at an effective interest rate of 4.5%. The lender allows only annual year-end interest payments made until at the end of 30 years. In order to pay the loan of RM200,000 at the end of 30 years, the borrower will make a payment of R at the end of first year, and will increase his payments of R arithmetically for the subsequent years, into a sinking fund earning 6% interest rate per year. (a) Develop a sales illustration of this loan scheme which consists of the following:- Part 1: parameters of input (loan, loan interest rate, loan period, rate of investment return). (1) Part 2:- output - table schedule which consists of sinking fund deposit, total sinking fund deposit, sinking fund interest, principal repayment in sinking fund and outstanding balance of the loan.A present obligation amounting to ₱150,000 is to be repaid for 4 years at a rate of 12% per year. The borrower has three options to repay the money, what would you recommend? a. Pay the interest and principal in one payment at the end of the period. b. Pay interest due to at the end of each period and the principal at the end of the 4th year. c. Pay 50% of the principal at the end of the first year and 50% at the end of the 4th year. The interest will be paid at each end of the year