1. An obligation of Php 30,000 is to be repaired in uniform annual amounts each of which include repayment of the debt and interest over a period of 3 years. If the interest is 12 % per year, what is the annual payment?

A generous benefactor donates $500,000 to a state university. The donation is to be used to fund student scholarships. Determine the dollar amount of scholarships that can be awarded each year under each of the following conditions. The state university earns 4% per year on its investments. Solve, a. The donation is a quasi-endowment designed to last 20 years. b.The donation is a quasi-endowment designed to last 30 years. c. The donation is a quasi-endowment designed to last 50 years. d. The donation is an endowment designed to last forever.

You plan to buy a $137,427 house. You have $32,117 to use as the down payment. The bank offers to loan you the remainder at 18% nominal interest compounded monthly. The term of the loan is 20 years. What is your equal monthly loan payment? Enter your answer as follow: 1234.56

What rate of interest compounded annually is the same as the rate of interest of 6% compunded monthly?

An equipment installation job in the completion stage can be completed in 40 days if 8 hours work per day with 40 men working. With the contract expiring in 30 days, the mechanical engineer contractor decided to add 10 more men on the job, overtime not being permitted. If the liquidated damages is ₱2,000 per day of delay, and the men are paid ₱80.00 a day, will the engineer be able to complete the job on time? Would he save money by adding more men?