Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. Due Dec.31,1980. However, with consent of Pedro, Jose is allowed to discharge the debt by paying P 9,000 on Dec.31,1979, and a final payment, including the accrued interest on Dec.31,1981. If interest is 8% determine the amount of the final payment compounded annually.
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- Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. due Dec.31,1980. However, with consent of Pedro, Jose is allowed to discharge the debt by paying P 9,000 on Dec.31,1979, and a final payment, including the accrued interest on Dec.31,1981. If interest is 8% determine the amount of the final payment compounded annually. Show the problem completely and clearly.10. Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. due Dec.31,1980. However, with consent of Pedro, Jose is allowed to discharge the debt by paying P 9,000 on Dec.31,1979, and a final payment, including the accrued interest on Dec.31,1981. If interest is 8% determine the amount of the final payment. compounded annually,Robert received a note with a face value of P 40,000 as a fee for the services she rendered to the client. The note is a non – interest bearing and is payable within a year. The prevailing market rate of the note is 10%. The present value factor of 10% annuity of P 1 is .909. What is the amount of income to be reported upon receipt of the note? At the end of the taxable year?
- On August 1, 1990 Mr. Talamos borrows 9,500 and agrees to pay the compound amount on the day he pays the debt. If interest is at the rate of 5 ½% compounded quarterly, how much must Mr. Talamos pay to discharge his obligation on January 1, 15, 2001.Mr. Delos Santos owes Mr. Apolinario the following obligations:a. P250 at the end of every 2 years for 8 years at an interest rate of 2%.b. P430 due at the end of 6 years at an interest rate of 8% compounded quarterly.c. P375 due at the end of 5 years at an interest rate of 3% compounded monthly. Mr. Delos Santos will be allowed to discharge all his obligations at the end of the 6th year.Determine the following:1. Total present amount of the obligations.2. Total future amount of the obligations after 10 yearsHiguel owes $650 in 3 years and $1500 in 8 years. However, Miguel is unable to meet his $650 obligation at the end of 3 years. By mutual agreement with the lender Miguel is allowed to pay off both obligations at the end of 6 years based on a simple interest rate of 17.25%. Determine the amount required to settle the dette at the end of 6 years. In text only please, previous one was wrong whoever done that skip please
- Mr. Abella owes Mr. Divinagracia the following obligations. (1) P100 due at the end of 10 years.(2) P200 due at the end of 5 years with accumulated from to-day at 5% semi-annually.(3) P300 due at the end of 4 years with accumulated interest from to-day at 4% compounded annually,Mr. Abella will be allowed to discharge his obligations by two equal payments at the ends of the 3rd and 6th years. Divinagracia admits that money is worth 6% compounded semi-annually, what would be Mr. Abella's equal payments?Higuel owes $650 in 3 years and $1500 in 8 years. However, Miguel is unable to meet his $650 obligation at the end of 3 years. By mutual agreement with the lender Miguel is allowed to pay off both obligations at the end of 6 years based on a simple interest rate of 17.25%. Determine the amount required to settle the dette at the end of 6 years. In text only pleaseEric deposits X into a savings account at time 0 that pays interest at a nominal rate of i, compounded semiannually. Mike deposits 2X into a different savings account at time 0 that pays simple interest at an annual rate of i. Eric and Mike earn the same amount of interest during the last six months of the 8th year. Calculate i.
- Eight months ago, Louise agreed to pay Thelma $750 and $950, 6 and 12 months, respectively, from the date of the agreement. With each payment, Louise agreed to pay interest on the respective principal amounts at the rate of 6.5% from the date of the agree-ment. Louise failed to make the first payment and now wishes to settle her obligations with a single payment four months from now. What payment should Thelma be willing to accept if money can earn 4.75%? r= rate of interest p= present value s= future value t= timeEdward borrowed an amount to his friend and promised to pay the principal amount and accumulated interest within 8 years at a simple interest rate of 15.118%. As what was agreed upon, Edward must pay two separate payments, one at the end of 3 years with an amount equivalent to half of the loan and the interest accumulated for the first 3 years, and a final payment at the end of 8 years. If he paid a total amount of P15.855 on his first payment, determine the following: Determine the total principal amount borrowed. Amount paid at the end of 8 years. Accumulated interest at the end of 3 years.Suzanne and Kerry entered into a financial agreement. On January 1, 2014, Suzanne gave $8400 to Kerry. On April 1, 2014, Kerry repaid $2800 to Suzanne, On July 1, 2014, Kerry repaid $3360 to Suzanne, and Suzanne immediately place half of this payment into an account at Harlow Savings and Loan which eams at effective monthly compound interest rate of 0.8% Finally, on January 1, 2015, Kerry gave Suzanne $2800 to completely repay the loan. At the same time, Suzanne closed her account at Harlow Savings and Loan and withdrew the money in the account. What is Suzanne's dollar-weighted rate of return in this financial agreement, assurring simple interest for the rate of return? (Round your answer to four places after the decimal) Answer = %