1. Compute the simple interest of a loan amounting to P100,000.00 payable in 8 months if the interest rate is 4.0 %.

Q: Suppose you borrow $8500 for a term of five years at a simple interest and 8.25% APR. how much is…

A: Interest is the cost of borrowing the money.

Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…

A: In Simple Interest Case, FV = PV + (PV x r x n) FV = PV x {1 + (r x n)} Therefore, PV = FV / {1 + (r…

Q: 1. A loan taken from Riyadh Bank; needs to be paid off, in N years. If the loan is equal to 40…

A: In the given question, since loan amount and installment amount is not given, we have to make…

Q: How much was borrowed is a simple interest rate of 2.10% was offered payable in 4 months with…

A: Simple interest = Principle * Interest * time

Q: What is the discount interest rate if P129,750 was obtained after a loan of P150,000 was granted for…

A: Simple interest is a quick and easy way to find out how much money you owe. The daily interest rate…

Q: 2. A P20,000 loan is to be paid off in 10 equal annual payments. The semi-annual interest is 8%.How…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: What is the simple interest and maturity value if P15,500 is borrowed at 12.5% simple interest for…

A: Here, Borrowed = P15,500 Interest rate = 12.5% simple interest Time period = 15 months To Find:…

Q: 4. What is the principal of a loan if the final amount is P250,000 at 8% compound interest,…

A:

Q: (Refer to this word problem ) The accumulated value of a 3-month loan of P5,000 is P5,085. What is…

A: Loan amount = P5000 Accumulated value = P5085 Interest amount = 5085-5000 = P85 Period = 3 Months =…

Q: With interest at 4% compounded quarterly, how much will be required 8 years hence to repay a Php…

A: Payment required to be made after 8 years is calculated as future value of loan amount

Q: 1. How much was borrowed if a simple interest rate of 7% was offered payable in 12 months with…

A: 1) Simple interest rate (r) = 7% n = 12 months = 1 year Interest = P 150 Let the amount borrowed = X

Q: A loan of P300,000 is to be repaid in full after 2years. If the interest rate is 9% per annum. How…

A: given, P= p300,000 r=9% m=12 n=2

Q: Find the interest that will be deducted in advance from a loan of P25,000.00 due in 2 years if the…

A: Given Information : Amount of loan = ₱25,000 Annual interest rate = 6% Number of years = 2

Q: You get a twenty-year amortized loan of Php100,000 with a 5% annual interest rate.  What are the…

A: Whenever a borrower acquires funds from a lender, he makes a promise to repay back the principal…

Q: 1.Suppose that a client borrows a loan amount of R50,000 at annual interest rate of 10% compounded…

A: Interest is the periodic obligation of the borrower to pay towards the sum borrowed. It is computed…

Q: Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest…

A: Simple Interest:   Simple interest is a method of calculating the interest that is charged on fixed…

Q: What is the maturity value of the loan if the proceeds is P22,000 at the rate of 10% for 10 months?…

A: Proceeds (P) = P 22000 r = 10% n = 10 months = 10/12 years = 0.833 years

Q: If the proceeds of a loan of P12,450 will be paid with P12,840 at the end of 1 year and 9 months.…

A: Loan amount = P 12450 Par value = P 12840 Discount amount = Par value-Loan amount…

Q: Calculate the simple interest due on a 72-day loan of P3,000 if the annual interest rate is 4%.

A: Loan amount (P) = P3000 Interest rate (r) = 4% Period (d) = 72 days

Q: Calculate the simple interest due on a 3-month loan of P 1400.00 if the interest rate is 7.5%

A: Simple Interest : The simple interest is calculated by using the following formula & information…

Q: what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How…

A: Using the present value of annuity formula we can calculate the original amount borrowed…

Q: A loan should be fully repaid in 30 monthly installments of Rp3.750.000. If the loan is…

A: Flat interest rate is simple interest rate without considering the impact of the compounding and…

Q: (Refer to this word problem The accumulated value of a 3-month loan of P5,000 is P5,085. What is the…

A: Principal (P) = P 5000 Accumulated value (F) = P 5085 n = 3 months = 0.25 years Let r = Simple…

Q: What is the simple interest on a Php 500 loan at 25% interest to be paid at the end of 6 months

A: Simple interest = Amount of loan * Interest rate % * time

Q: riod, if a loan of Php 50,000 is made for a riod of 16 months at a rate of 7.5%?

A: The amount due at the end of period will be amount of loan and accrued interest on that. That would…

Q: 1. A bank loan of Php1,900 is discounted at 11 % . If the loan is due in 120 days, how much is the…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: A loan of X pesos will be paid in 48 equal monthly payments, starting 6 months from the release of…

A: Loan – X Monthly payment – P 5782 Interest rate – 18% p.a. c.m. or 18/12 = 1.5% p.m. Time – 48…

Q: An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the…

A: A bank discount is a discount charged by the Bank on the loan given to the customer. On maturity,…

Q: What is the simple interest rate if Rogine paid an interest of P2,100 after 2 years and 6 months on…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: A loan of $28,000.00, made 6 months ago, will be repaid by 3 equal payments – one today, one in 11…

A:

Q: If 10,000php is invested in account paying 6% compounded quarterly; A. How much will be in the…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: If you borrow $20,000 at an interest rate of 8%, compounded annually with the following repayment…

A: In the given sum we are given loan amount and  interest rate. We must find the value of A which is…

Q: 2. RM 500 payment is made every month to amortize a debt of RM4736. By constructing an amortization…

A: An amortization schedule is a table showing the manner in which the debt is paid off. It includes…

Q: Assume that you borrow 20million JPY from some bank repay 80,000 JPY monthly under the plan of total…

A: Here, To Find: Case-I: 1. Total number of months =? 2. Completed years =? 3. Remaining months =?…

Q: What is the yield to maturity on a simple loan for$1,500 that requires a repayment of $15,000 in…

A: Individuals, corporates, and governments take loans to finance their needs. The interest rate on the…

Q: Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at…

A: Future value = Present value * (1 + rate*time)

Q: at Php2

A: Given information :

Q: what amount of interest will be charged if 7000 is borrowed for 9 months at a simple rate of…

A: Borrowed amount= 7000 Time period= 9 months = 9/12= 0.75 Simple interest rate= 9.5% per annum= 0.095

Q: Find the maturity value of a loan of P18,000.00 made for 2 years at 8% simple interest.

A: Maturity Value based on simple Interest: = Principal + Interest  = Principal + ( Principal ×…

Q: Consider a loan of Php 40,000, payable for 24 months at an interest rate of 8% compounded monthly.…

A: The periodic payment has two components. One is the interest amount and another is the repayment of…

Q: How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the…

A: Given Information : Amount of loan = P 18,000 Period of loan = 1 year 6 months = 1.5 years Discount…

Q: Calculate the maturity value of a simple interest, 6-month loan of $5000 if the interest rate is…

A:

Q: Suppose you take out a loan for 180 days in the amount of $12,500 at 15% ordinary interest. After 40…

A: For calculating the interest:

Q: 1. Let's assume that a loan of $100,000 with an annual interest rate of 6% over 30 years pays…

A: Accumulation rate is the increase in size of asset, position or overall buying activity of…

Q: For numbers 1 to 3, calculate the simple interest earned. Round to the nearest centavo. 1. P = Php…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: If a nine month term deposit at a bank earn a simple interest rate of 9% per annum, how much should…

A: Term deposit is a way in which the person locks his amount or we can say sum of money for a specific…

Q: Find the maturity value for a loan of Php 25 000 to be repaid in 8 months with an interest rate of…

A: Formula: Maturity value = Principal value + Interest amount

Q: 1. A loan of Php 35,000 with a simple interest rate of 12% will be paid within 9 months. interest…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: A loan with j12 9% should be repaid with monthly instalments of Rp3 million. After one year the…

A: The amount of loan is equal to the present value of installment discounted at the required rate of…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.