1. Lucy Heartfillia buy a television set from a merchant who offers P25,000 at the end of 60 days. She wishes to pay immediately and the merchant offers to compute the required amount on the assumption that money is worth 14% simple interest. What is the required amount?

Q: A Dodge truck is purchased for $39,000 paying $5,000 down and the remainder in equal monthly…

A: Purchase price=$39,000 Down payment=$5,000 Principal loan amount=$39,000-$5,000=$34,000 No. of…

Q: A house is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every…

A: Price of house $1,00,000         Less: Down payment  $30,000         Loan Amount $70,000…

Q: f $30 each week from this customer. Assuming the shopper visits the store all 52 weeks of the​ year,…

A: The Profit yields per year can be determined using the expression below; P=pxn where; P=annual…

Q: A company offers a deferred payment option for the purchase of any furniture, Gladys plans to buy a…

A: Compound interest is an important topic to grasp while managing money. It could help to earn a…

Q: Robin Williams has just purchased some equipment for his business. For this equipment he must pay…

A:

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A: USING EXCEL RATE FUNCTION AND APR FORMULA

Q: Biden has purchased a new piano for $5,000. He made a downpament of $500. He paid the balance by a…

A: Loan is the debt borrowed by the financial institute. Monthly payment (Pmt) Formula:…

Q: Karl Yates needs ​$7000 to pay for the remodeling work on his house. A contractor agrees to do the…

A: Given the information in question Karl need $7000 Time period of 2 months Interest rate = 5.9% (it…

Q: You work for a furniture store. You normally sell a living room set for OMR 4,000 and finance the…

A: Present Value:   The present value is the value of the sum received at time 0 or the current period.…

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A: The Annual percentage rate(APR) is the percentage rate that shows the interest rate calculates on…

Q: A refrigerator sold for $500. The store financed the refrigerator by charging 0.5% monthly interest…

A: Given information:Selling price of refrigerator=$500Interest rate=0.5%No. of installments=30a)…

Q: An auto dealer agrees to sell a used car for $1,000 down and payments for 3 years at $550 per month.…

A: according to the question given, downpayment = $1000 monthly payment (A) = $550 interest rate (R) =…

Q: A store sells a washing machine. Renier offers to give a down payment of P5,000 and pay $2,000 at…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: A couple purchase a home and sign a mortgage contract for $150000 to be paid monthly over 25 years.…

A: a. Calculate the monthly payment as follows: Monthly payment is $1,157.72

Q: J-ALLEN TECH is offering a television set for $9,000.00 on Hire Purchase. It can be bought by making…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: A truck costing $114,000 is paid off in monthly installments over four years with 6.3​% APR. After…

A: given, p=$114,000 r=6.3% m=12 n=4

Q: 3. Daryl wants to buy a commodity that is worth PhP 10,000. Since it is Valentines season, he was…

A: Balance value of the commodity will be PhP 10000 *(1-discount)

Q: 2. You bought a $30,000.00 machine with $6,000.00 down payment and agreed to pay for the rest at 1%…

A: The question is based on the concept of Financial Management. Annuity refers to the amount of equal…

Q: Janet Foster bought a computer and printer at Computerland. The printer had a $780 list price with a…

A: Cash Discount: It is a discount  offered by a seller to a buyer  in order to  pay  an invoice before…

Q: Bill bought an oceanfront condominium for $79,900, with $6,900 down. Assuming an interest rate of 14…

A: Annuity: Annuity is defined as a series payments, whether received or made, that are equal and which…

Q: 1. A mother borrowed 200,000 with 2% interest monthly and promised to pay the amount by 30 equal…

A: Loan amount = 200,000 Monthly interest = 2% Number of monthly payments = 30

Q: A. A man purchases a computer worth P35, 000 with an interest of 3% per month. He signed a contract…

A: Loan Amortization: A simple definition of amortization is the amount of principle and interest that…

Q: 360 days To complete the sale of a house, the you accept a 240-day note for $9,000 at 7% simple…

A: Note for 240 days  Value of Note = $9,000 Interest rate = 7% Third party note = $9,108 Time period…

Q: Which is a better choice in buying a washing machine worth ₱12,700.00? A. Avail of the instalment…

A: From all options, let's find the interest charged. For option A, n = 18 months Monthly payment (M) =…

Q: the end of the month. How much is the cost of the TV set if her monthly payment is P3,000 5. Mrs.…

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,300 and financed…

A: Given information : Purchase price = $8350 Down payment = $1300 Monthly payments = $237.38 Time…

Q: Tea and Crumpet’s Inc. needs $11,302.77 to purchase a new commercial oven. If the company can afford…

A: Here, Required Amount (FV) is $11,302.77 Amount Deposited Today (PV) is $6,400 Interest Rate (r) is…

Q: a man purchased a car with a cash price of 350,000.00 He was able to negotiate with the seller to…

A: Solution:- Calculation of the monthly payment and remaining balance paid as follows under:-

Q: A customer bought a used car for $24,650. The customer’s down payment was $6,000 and the repayment…

A: The amount financed can be calculated as cost of asset less down payment.

Q: you are buying new television. from past experience you estimate future repair cost as P500 during…

A: Capital Budgeting is the process of assessing long-term decisions made by management in order to…

Q: a refrigerator for P500 down and P300 per month for 24 months. The same brand of refrigerator could…

A: The given problem can be solved using RATE function in excel. RATE function computes interest rate…

Q: A truck costing $119,000 is paid off in monthly installments over four years with 6.2​% APR. After…

A: Truck value =$ 119000 Interest Rate(r) = 6.2% APR = 6.2/12 = 0.516667% Total Years = 4 Total…

Q: executive is going to purchase a vacation property for investment purposes. She needs to borrow…

A: The given problem can be solved using FV function in excel. FV function computes outstanding loan…

Q: Anne buys a television set from a merchant who asks for P1,250 at the end of 60 days. Mr. Ureta…

A: Cash price for the television can be calculated as: = Value after 60 days / (1 + Interest rate for…

Q: A Hepplewhite sofa costs $3,850 in cash. Jaquanna Wilson will purchase the sofa in 24 monthly…

A: Cash price of computer = $ 3,850 Rate per 18 months = 0.15/12 * 24 = 30%

Q: The price of a new car is $36,000. Assume that an individual makes a down payment of 25% toward the…

A: Ordinary annuity are the PMTs which are made at the end of the period.

Q: Dave Krug finances a new automobile by paying $6,500 cash and agreeing to make 40 monthly payments…

A: Present value: It refers to today’s value of the money that will be received by an investor at some…

Q: Assume that a customer shops at a local grocery store spending an average of $300 a week, resulting…

A: The amount this customer yields per year in profits for this retailer=The amount this customer…

Q: nie purchases a television from a salesman who promises her 25,000 if she returns it in 61 days.…

A: The simple interest is interest without the impact of the compounding that is the plain interest…

Q: You make a down payment of $1,500 to purchase a used car worth $5,500.00 cash price and finance the…

A: Time value concept Receiving the value today is of more value than that of receiving the same amount…

Q: Lisa Camry bought a $15,000 car with a $3,000 down payment. The balanceis financed by a…

A: WACC stands for the weighted average cost of capital. It is the rate that a company is ready to pay…

Q: Joe is buying some kitchen equipment for his new apartment. The total cost is $ 3,800$3,800 and he…

A: Purchase Price = $3,800Down Payment = $380 Calculation of Loan Amount (PV):

Q: Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,700 and financed…

A: A finance charge refers to the payment made in addition to the borrowed amount. The finance charge…

Q: Engr. Dimaamin bought a concrete mixer costing P2,000,000 with a down payment of P600,000. He paid…

A: Here it is pertinent to note that the present value of all the payments made in order to purchase…

Q: The price of a new car is $20,000. Assume that an individual makes a down payment of 25% toward the…

A:

Q: A man buys a television set from a merchant who asks P1,250 at the end of 60 days (cash in 60 days).…

A: Amount due = P1,250 Period = 60 days Interest rate = 8%

Q: A Hepplewhite sofa costs $3,620 in cash. Jaquanna Wilson will purchase the sofa in 48 monthly…

A: Cash price of computer = $ 3,620 Rate per 18 months = 0.17/12 * 48 = 68%

Q: A computer chip designer purchased a car for $54,676.47, which induded sales tax and registration. f…

A: Given that, Loan (PV)=$54,676.47 Duration (n)=5*12=60 periods Rate of interest (i)=4.5%/12=0.00375…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.