How much money in interest alone does the lender earn at the end of 2 years A 'neighbourhood lender' lends money to three people Tony, Janice and Silvio as follows.AmountТуре ofBorrowerDurationRateborrowedinterest2 years2 years2 yearsTonyR20 00010% paR12 000R35 0005% pa8 % paCompoundSimpleCompoundJaniceSilvioHow much money in interest alone does the lender earn at the end of 2 years?A. R10 764B. R10 800C. R11 224D. R11 254

Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

A 'neighbourhood lender' lends money to three people Tony, Janice and Silvio as follows. Туре of interest Amount Borrower Duration Rate borrowed 10% pa 5% pa 8 % pa Tony 2 years 2 years 2 years R20 000 Compound Simple Compound Janice R12 000 Silvio R35 000 How much money in interest alone does the lender earn at the end of 2 years? A. R10 764 B. R10 800 C. R11 224 D. R11 254

A 'neighbourhood lender' lends money to three people Tony, Janice and Silvio as follows. Туре of interest Amount Borrower Duration Rate borrowed 10% pa 5% pa 8 % pa Tony 2 years 2 years 2 years R20 000 Compound Simple Compound Janice R12 000 Silvio R35 000 How much money in interest alone does the lender earn at the end of 2 years? A. R10 764 B. R10 800 C. R11 224 D. R11 254

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

See similar textbooks

Similar questions

Ife takes out a 3 year mortgage for $1,125,000 at an interest rate of i(2) = 4.500%. The amortization period is 30 years and she will make weekly payments. What is the outstanding balance at the end of 1 year? O a. $1,084,582.78 O b. $1,106,717.12 O c. $1,029,246.92 O d. $1,040,314.09 e. $1,128,851.46
18.How much amount should an investor deposit in an account earning a annual compounded interest rate of 8% for a period of 5 years so as to earn $2,238?
4. Cassie paid P68 000 to a money lending company after one and a half years to fulfill her loan that costs P60 000. What is the interest rate compounded quarterly that is charged to the loan?
How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 3 years? The account pays 5.3% interest compounded semiannually. (Round your final answer to two decimal places.)
A depositor opens in your savings account with $5000 at 5% compounded semiannually at the beginning of 5 years an additional $5000 is deposit at the end of 6 years. What is the balance in the account?
1) The amount of down payment one makes on a home directly affects the size of the monthly payments a. True b. False 2) A monthly payment of $ 850 on a 30 year $ 80,000 mortgage results in a total cost of interest of $ 306,000. a. True b. False 3) What are the points on a mortgage?
A guy deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.09 per annum. Determine the future worth of the deposit?
OMR is the amount a person gets as an interest after 6 years from now if he deposits an amount of OMR 5000 into an account today. The account earns interest using simple interest at 12 % p.a
Mr. Sy borrowed money from a bank with an interest of 6% compounded monthly for 10 years. His monthly amortization is P20, 000. 6. What is the total interest rate per conversion period? C. 0.0075 A. 0.005 B. 0.006 D. 0.06 7. What is the total number of period of time to fully paid the loan? А. 100 B. 120 C. 160 D. P 240 8. After 80th payment, what is the total number of payments remain? В. 30 C. 40 9. What is the total number of payment of Mr. Sy after he paid the 10-year mortgage? C. P2, 148,919.34 D. P2, 400, 000 A. 20 D. 120 A. P1, 899, 600.14 B. P2, 026,802.24 10. How much is his outstanding balance after the 80th payment? C. P704, 564. 56 D. P723, 444. 56 A. P690, 444. 56 В. Р683, 134. 56
What is the total interest paid on this mortgage over the 10 year term?
A bank loans a family $90,000 at 8% annual interest rate to purchase a house. The familyagrees to pay the loan off by making semiannual payments over a 25 year period. Howmuch should the semiannual payment be in order to pay off the debt in 25 years?
A man wants to borrow $1500 at 10% interest rate from October 1 through December 23. How much will he have to pay at the end of his loan term?

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

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

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

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

SEE MORE TEXTBOOKS