A man paid a 10% downpayment of P 200,000 for a house and lot and agreed to pay the balance on monthly installments for 10 years at an interest rate of 15% compounded monthly. What was the monthly installment in pesos? P 24329.29 P 27561.29 P 28540.29 P 29040.29

Q: Fasha borrowed RM3000 at 6% compounded semi-annually for four years. Find the amount of interest…

A: In the given problem we need to compute the amount of interest charged.

Q: Mr mdlalose starts his own business and takes out a loan of R450 000 He repays the loan in four…

A: Given information Loan amount = R450,000 Time Period = 4 years  Interest rate =10% p.a compounded…

Q: John Perez receives P 90,000.00 credit for his old automobile when buying a new model costing P…

A: The question can be solved as follows:

Q: ou invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for the…

A: Future Value Future value is what a sum of money invested today will become over time, at a rate of…

Q: how much does he need to pay quarterly?

A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity due…

Q: Joshua borrowed P250,000.00 with interest at the rate of 5% compounded semi-annually. He agrees to…

A: Interest rate = 5% (Assumed for every 6 month) Loan amount = P250,000   Calculation of loan amount…

Q: 1. Gabriel bought a new car worth PhP 2M. He made a downpayment worth "X" pesos. After this, he must…

A: B. PhP 413,280 Explanation: The monthly payment will start 3 years from now, which means that if…

Q: A. A man having a debt of ₱2000.00 agrees to pay it at the end of 7 years. At due, he must pay a sum…

A: because you have posted multiple questions, we will answer the first question only, for the remaning…

Q: Graham buys a piece of lot for P 200,000 down payment and 10 deferred semi- annual payment of P…

A: Down payment = P 200,000 Semi annual payment = P 8000 First payment period = 3 Years Number of…

Q: A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly…

A: Given: Particulars Amount Down payment            200,000 Down payment rate 10% Monthly…

Q: Leonardo's bank account contains $1,200,000. Leonardo will make equal monthly withdrawals at the end…

A: Monthly payment The minimum amount that is required to paid/withdrawn every month by an individual.

Q: Kiara deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: We need to use future value of ordinary annuity formula to calculate accumulated value. Future…

Q: A contractor took out a loan from a certain bank in an amount that could be repaid over four years…

A: Loans are paid by the annual payments that carry the payment for interest and payment for loan also.

Q: A businessman borrowed P220,000 with interest at the rate of 4.2% compounded semi-annually. He…

A: The future value of money is the amount of money that will be worth at some point in the future if…

Q: An individual borrows ₱150,000 from a bank at 10% annually compounded interest to be repaid in 6…

A: Loan can be amortized by repaying it in equal instalments. Each payment comprises of both interest…

Q: A person borrowed a certain amount at a simple interest of 3% annually and agreed with the creditor…

A: The question is based on the concept of Financial Management.

Q: A businessman borrowed P320,000 with interest at the rate of 4.9% compounded semi-annually. He…

A:

Q: 3. Rasid buys a house for RM185,000. He pays a 10% down payment and the balance is borrowed from a…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: How much in each of the quarterly installments if rate of interest 10% compounded bi-monthly?

A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…

Q: Robert borrowed $28,372.63 from the bank, which needs to be paid with the amount of $404.21 at the…

A: Under a loan arrangement, the money borrowed can be repaid in regular payments over a period of…

Q: The owner of a small business borrowed $50,000 today with an agreement to repay the loan with equal…

A: Compound = Monthly = 12Present Value = pv = $50,000Time = t = 10 * 12 = 120Interest Rate = r = 24 /…

Q: A woman paid 20% down payment of P300,000 for a house and lot and agreed to pay the balance on…

A: given, price = p300,000 downpayment = 20% r=15% m=12 (monthly compounding) pmt = p 33,396.51

Q: A person borrowed $9,500 to landscape his yard. The 250-day note had an interest rate of 10%…

A: As per the given information: Amount borrowed - $9,500Period of note - 250-day noteInterest rate -…

Q: John bought a boat valued at $26,900 on an installment plan requiring equal weekly payments for 4…

A: EMI or monthly mortgage payments are the fixed amount paid by the borrower to the lender that…

Q: You own $35000 from the bank for 3 years at 8.50% annual interest, and you will make equal monthly…

A: Solved using Financial Calculator  PV = 35,000 N = 3years * 12 = 36 I/Y = 8.5/12 = 0.708333 CPT PMT…

Q: Angelo Lemay borrowed $8000 from his credit union. He agreed to repay the loan by making equal…

A: The total cost of the loan = Monthly Payments (Using PMT function (a)) * {Loan Period in months *…

Q: Problem #23. Mr. Bean borrowed Php100,000 at 10% effective annual interest rate. He must pay back…

A: Disclaimer:-“Since you have asked multiple question, we will solve the first question for you. If…

Q: 3. Rey borrowed P 40,000 at 12 % compounded semiannually. He agreed to pay the lender semiannually a…

A: When a lender gives the money he will charge interest as returns. Semiannual interest payment means…

Q: Cristina borrowed P50,000.00 from Social Security System in the form of calamity loan, with interest…

A: When a loan is taken by a person then the institution or the entity that gives the loan amortizes…

Q: man borrowed PhP 300,000 and agreed to pay his bligation by paying 8 equal annual payment of PhP…

A: Loans are paid by the annual payments that carry the payment of interest and payment of principal…

Q: A man made a year-end payment of P100, 000 to an account earning 7% annually   for 10 years. How…

A: Here, Annual Payment = P100,000 Interest rate =7% Total no. of payments = 10 years  Total no. of…

Q: You invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for…

A: Formula: A = P ( 1 + ( R / N )NT ) P = Principal R = Rate of interest N = Number of times…

Q: A

A:

Q: Phil purchases some music equipment for $5680. He pays a 15% deposit, with the balance to be paid in…

A: The answer is stated below:

Q: Lin took a loan of $10000 from Vancity credit union, the interest rate is 12% compounded monthly.…

A: A loan refers to a contract where a borrower receives a sum from a lender on the promise that they…

Q: a businessman borrowed 260000 pesos with interest at the rate of 5.5% compounded semi-annually. he…

A: The question is based on the concept of Financial Management.

Q: Pedro bought a new car today from Barboncito Motors. The former proposed to pay the latter the…

A: Concept. FV = A [(1+r)n - 1 ]r where , FV = future value of annuity A= amount deposited r= interest…

Q: Today, a civil association deposits 118,124 pesos obtained in donations in a financial instrument…

A: The PV of an investment refers to the combined worth of the cash flows of the investment assuming…