A contract calls for a payment of P 1,200 at the meginning of each month for 12 months. At what ompounded annually would this agreement be quivalent to a cash payment of P 13,590? Select one: O a. 13.63% O h 10%
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- A contract calls for a payment of P 1,200 at the beginning of each month for 12 months. At what rate compounded annually would this agreement be equivalent to a cash payment of P 10,000? Select one: O a 12.45% O b. 12% O c. 10% Od 13.63%A loan of £5,000 is to be repaid by level monthly instalments in arrear over a period of five years, the flat rate of interest for this transaction being 4.7% per annum. APR of the transaction is Select one: a. 7.13% O b. 9.54% O c. 6.45% d. 5.16% e. 8.9%4. A contract requires payments of $3762.00 today, $2666.00 in 2 years, and $5932.00 in 5 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 7% p.a. compounded quarterly? State your answer in years and months (from 0 to 11 months). The contract can be fulfilled in year(s) and month(s).
- A loan of £5,000 is to be repaid by level monthly instalments in arrear over a period of five years,the flat rate of interest for this transaction being 4.7% per annum. APR of the transaction is Select one: a. 7.13% b. 9.54% C. 6.45% d. 5.16% e. 8.9%A contract calls for semiannual payments of P40,000 for the the next 10 years and an additional payment of P250,000 at the end of that time. Find the equivalent cash value of the contract at 7% compounded semiannually P598,589.00 O P752,777.00 P694,138.00 P444,526.25A contract can be fulfilled by making an immediate payment of $5911, or equal payments at the end of every three months for 8 years. What is the size of the quarterly payments at 11% per annum compounded annually? The quarterly payments are $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- A contract calls for payments of $2800 at the end of every 6-month period for 8 years and additional payments of $6000 at the end of 5 years and $7500 at the end of 8 years. What is the present worth of the contract at 7.5% p.a. compounded continuously?A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT FUTURE AMOUNT IS DUE AT THE END OF THE LOAN PERIOD? O a P92,100.00 O b. P92,020.00 O c. P92,000.00 O d. P93,000.00A finance company paid a merchant $3,975 for a conditional sale contract after discounting it to yield 18% compounded monthly. If the contract is for 20 monthly payments of $256.96 following a payment-free period, what is the time interval between the date of sale and the first payment? (Round your answer to the nearest month.) _____ months
- A loan with interest at 10% converted semiannually is to be amortized by equal payments of P119,764.71 at the end of every six months for nine years. How much is the outstanding principal after the eighth year? Select one: O a. No answer b. P461,493.75 O c. P924,791.34 d. P386,493.71 e. P222,691.75A $90,000 loan at 7.7% compounded semiannually requires monthly payments of $1,600. Calculate the final payment. O $1289.61 O $1291.47 O $1137.28 O $1165.92 O $1144.46A contract valued at ₱24540 requires payment of ₱1283 at the end of every three months. If interest is 8.64% compounded quarterly, for how many years is the term of the contract?