A man loan an amount of P 100,000_at a commercial bank at 10% compounded_annually. How much is his monthly payment if he required to pay at the beginning of the first day of the month for a period of 30 years? ect one: - 839 ъ 788 > 912 ь 668 O what is the value of the interest rate per period if the value of money doubles in 35 periods. ect one: 1.5% 3% 2 % 2.5% O How many periods are there in one year of an interest rate compounded annually? ect o ne:

I hope you could write the formula and process more clearly. Thank you

A loan of £13,000 is repaid by annual payments of £1,600 each at the end of the year. How long does it take to repay the loan on the basis of an interest rate of 7% p.a.? Number years Enter an answer correct to 2 decimal places Suppose the payment at t = 12 is increased to repay the loan (a balloon payment). What is the value of the payment at t = 12? £ Number Enter an answer correct to 2 decimal places Alternatively, the loan may be repaid via a payment at t = 13 (a drop payment). What is the value of the payment at t = 13? £ Number Enter an answer correct to 2 decimal places

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