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:
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:
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:9.) 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?
Select one:
а. Р 839
b. P 788
P 912
d. P 668
C.
10.) what is the value of the interest rate per period if the value of money doubles in
35 periods.
Select one:
а. 1.5%
b. 3%
C. 2 %
d. 2.5%
11.) How many periods are there in one year of an interest rate compounded annually?
Select one:
а. 3
b. 2
. 1
d. 0
12.) An equipment can be bought on installment basis with 24 monthly payments of P 3,649,
each payable at the beginning of each period. If interest is 12% compounded monthly,
what is the cash price of the equipment?
Select one:
а. Р 68,400
b. Р 73,800
P 78,300
d. P 64,800|
C.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education