13. Mr. John dela Cruz borrowed money from a bank. He receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the following: a. simple interest rate; b. the corresponding discount rate or often referred to as “Bankers Discount”.
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13. Mr. John dela Cruz borrowed money from a bank. He receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the following: a. simple interest rate; b. the corresponding discount rate or often referred to as “Bankers Discount”.
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- 8. Mr. J dela Cruz borrowed money from a bank. He received from the bank P1,340 and promised to pay P1,500 at the end of 9 months. Determine the following: (a.) simple interest rate, (b.) the corresponding discount rate or often referred to as “Banker’s discounts”.1) a. Find the present value of an ordinary annuity if you have a plan to pay an annuity of Rial Omani B at the end of each week for A years. Bank Muscat offers the discount rate of E % compounded weekly. B= 4621 A=15 E=1%1) Calculate the value of a loan today that will be repaid with quarterly payments for a period of two years. During the first year, the quarterly payment is for $300, while in the second year, the quarterly payment increases to $400. Assume that the bank is charging an interest rate of 3% quarterly. Show your work.
- 5. Using the parametric form of convexity and the example of a two-year coupon bond, coupons being paid at the end of each year, and based on the assumption of annual compounding, mathematically prove, or reject the following statements: (a) Convexity is a decreasing function of yield. (b) Convexity is an increasing function of coupon rate.( Solve the following problems. Draw the cash flow diagram for each problem and use the interest rate with five decimal places. Box your final answer and upload the picture of your complete solution. ) 1. A woman is considering giving an endowment to a university in order to provide payments of P55,000, P85,000, respectively, at the end of the first, and second semiannual during a year. If the interest rate is 12% compounded quarterly, what is the capitalized equivalent that must be deposited now so that the semiannual payments can be repeated forever?1. What is the exact simple interest on $2,800 for the period from February 12 to july 6 of 1996, if the rate of interest is 4%? 2. You owe $120,000 from your ex-girlfriend and promise to pay 6% simple interest. How much will you pay at the end of 1 year and 6 months? 3.You owe $120,000 from your ex-girlfriend and promise to pay 6% simple interest. How much will you pay at the end of 9 months?
- 30. A man loaned P15,000 pesos from a bank which offers a discount rate of 8% payable at once. How much did the man received upon the release of the loan?5. Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8% compounded annually. In other words, how much do you have to deposit now (with the second deposit in the amount of $1,000 at the end of the first year) so that you will be able to withdraw $600 at the end of the second year through the fourth year, and $800 at the end of the fifth year, where the bank pays you 8% annual interest on your balance? $1,000 $600 2 Years $600 3 $800 $600 1 11. A bank is offering to sell four-month certificates of deposit for $ 4,926. At the end of four months, the bank will pay $5,000 to the certificate owner. Based on a four-month interest period: a) What is the interest rate the bank is paying you? b) What are the nominal and effective interest rates on this certificate of deposit?
- 2. On May 11, 1993, a note due on January 10, 1994 was discounted at 12.12% simple discount. Find the exact simple interest rate of 10.75% for one year and 3 months? What is the exact discount rate? Given: Required: Solution:5.A self employed individual, Jimmy Carpenter, is opening a retirement account at a bank. His goal is to accumulate P2,000,000 in the account by the time he retires from work in 20 years. A local bank is willing to open a retirement account that pays 8% interest, compounded quarterly, throughout the 20 years. He wishes to start with a deposit at the end of the end of 1st quarter and increase the deposit by 4% per quarter thereafter. What should be the size of his first quarter deposit? Draw cashflow diagram and use interest with 5 decimals places, show all solution please, thanks.3. You just inherited P1,000,000. While you plan to squander some of it away, how much should you deposit in an account earning 5% interest per year if you would like to have P1,000,000 in the account in 10 years?