Money borrowed today is to be paid in 6 equal payments at the end of six quarters. If the interest is 12% compounded quarterly, how much was initially borrowed if the quarterly payment is P 2000.00?
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Money borrowed today is to be paid in 6 equal payments at the end of six quarters. If the interest is 12% compounded quarterly, how much was initially borrowed if the quarterly payment is P 2000.00?
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- MONEY BORROWED TODAY IS TO BE PAID IN 6 EQUAL PAYMENTS AT THE END OF 6 QUARTERS. IF THE INTEREST IS 12% COMPOUNDED QUARTERLY, HOW MUCH WAS INITIALLY BORROWED IF THE QUARTERLY PAYMENT IS P2,000.00?Money borrowed today is to be paid in 7 equal payments at the end of each quarter. If the interest is 1% compounded quarterly, how much was initially borrowed if quarterly payment is P 23,758?A loan is released today to be paid in 6 equal payments at the end of 6 quarters. If the interest is 16% compounded quarterly. How much is initially borrowed if quarterly payment is P2,500.00
- How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid in 6.4 years if the interest charged is 6.98% compounded quarterly?. If the sum of P12,035 is deposited in an account earning interest at the rate of 9% compounded quarterly, what will it become at the end of 8 years?In a certain account providing an interest rate of r compounded quarterly, P2, 500 is deposited every end of the quarter. What value of r will make the future value of the account P5, 200 in six months?
- what is the present worth and future of P6000 deposited at the end of every month for 4 years if the interest rate is 12% compounded quarter? a) what is the present worth? b) what is the future worthSuppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month installments for 9 years with a nominal interest rate of 0.114 compounded monthly. What is the amount of each payment?An interest rate of 6% compounded semiannually is equivalent to what rate compounded monthly?
- Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is 12% compounded quarterly, how much was initially borrowed if quarterly payments is Php2,000? A. P10,834.38 B. P10,382.90 C. P10,586.99 D. P10,200.56If $635 is borrowed for 220 days at 7.65% simple annual interest, how much will be repaid at the end of 220 days?A loan of P50,000 is to be amortized by paying quarterly in 1 year. If money is worth 10% compounded quarterly, how much is the monthly installment? a. P13,648.90 b. P11,589.57 c. P12.765.50 d. P13,290.89