Albert obliged to pay his liability to PWONG Multipurpose Cooperative amounting to Php450,000.00 which he used to for house construction. The interest for her debt is 9% compounded quarterly for 2 years. Construct an amortization schedule to terminate the said obligation.
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- Albert obliged to pay his liability to PWONG Multipurpose Cooperative amounting to Php450,000.00 which he used to for house construction. The interest for her debt is 9% compounded quarterly for 2 years. Construct an amortization schedule to terminate the said obligation.
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- Eva obtained a loan fee of Php50,000 for the tuition of her son. She has to repay the loan by equal payment at the end of every six months for 3 years at 10% interest compounded semi-annually. Find the periodic payment. Write in Amorzation ScheduleIrene’s Home credit was approved. She will be borrowing ₱55,000 but abiding by the rules she will pay ₱5,000 security payment and the balance on quarterly installments for 1 ½ years. If the interest rate will be 6%, find the semi-annual payment. Make an amortization schedule to be followed by Irene.Atty. Santa agreed to sell their condominium unit to a campanera worth 2.4 million pesos in two payment schedule: On the first 5 months, the price of the unit is amortized at 3% quarterly. The balance amount will be paid at 4% semiannually for 7 months. Prepare the amortization schedule.
- Scott purchased a house for $375,000. She made a down payment of 20.00% of the value of the house and received a mortgage for the rest of the amount at 4.72% compounded semi-annually amortized over 20 years. The interest rate was fixed for a 7 year period. a. Calculate the monthly payment amount. b. Calculate the principal balance at the end of the 7 year term. c. Calculate the monthly payment amount if the mortgage was renewed for another 7 years at 3.82% compounded semi-anually?Nicholas purchased a house for $475,000. She made a down payment of 15.00% of the value of the house and received a mortgage for the rest of the amount at 7.02% compounded semi-annually amortized over 20 years. The interest rate was fixed for a 3 year period. a. Calculate the monthly payment amount. $0.00 Round to the nearest cent b. Calculate the principal balance at the end of the 3 year term. $0.00 Round to the nearest cent c. Calculate the monthly payment amount if the mortgage was renewed for another 3 years at 5.32% compounded semi-annually? $0.00 Round to the nearest centCasey purchased a house for $350,000. She made a down payment of 10.00% of the value of the house and received a mortgage for the rest of the amount at 6.82% compounded semi-annually amortized over 20 years. The interest rate was fixed for a 6 year period. a. Calculate the monthly payment amount. $0.00 Round to the nearest cent b. Calculate the principal balance at the end of the 6 year term. $0.00 Round to the nearest cent c. Calculate the monthly payment amount if the mortgage was renewed for another 6 years at 5.82% compounded semi-annually? $0.00 Round to the nearest cent
- Tara purchased a house for $475,000. She made a down payment of 30.00% of the value of the house and received a mortgage for the rest of the amount at 5.32% compounded semi-annually amortized over 20 years. The interest rate was fixed for a 4 year period. a. Calculate the monthly payment amount. Round to the nearest cent b. Calculate the principal balance at the end of the 4 year term. Round to the nearest cent $0.00 Round to the nearest cent $0.00 c. Calculate the monthly payment amount if the mortgage was renewed for another 4 years at 6.32% compounded semi-annually? $0.00Cynthia purchased a house for $500,000. She made a down payment of 20.00% of the value of the house and received a mortgage for the rest of the amount at 6.92% compounded semi-annually amortized over 20 years. The interest rate was fixed for a 4 year period. a. Calculate the monthly payment amount.The Bautistas sign a mortgage for $50,000 to be amortized over 20 years with a term of 5 years at 11% c.m. with equal monthly payments. On the date of the 19th payment, they make an additional payment of $25,000 subject to a penalty clause requiring a penalty of three times one month's interest on the prepaid principal. Find the balance at the end of the 5 year term.
- A friend of yours borrowed an amount of Php 70,000. Based on your conversation, She intends to pay it within one year and based on a monthly basis.The interest rate of the borrowed money is 24%, compounded quarterly. You were able to lend her the money on July 01, 2021, and she intends to pay the first Amortization at the end of August 2021.After paying for the 6 months, she intends to pay the remaining balance at the end of the 7th month. Solve for the following : 1.What is the Amortization Schedule for the loan amounting to 70,000 for a year. 2.What was the Effective rate of interest for the loan. 3.What is the amount that she intends to pay in the 7th month to pay for the debt.Mrs. Castro bought a computer set for Php32,000.00 to be paid equal payments at the end of every three months for 1 year. If the interest is 8% compounded quarterly, construct the amortization schedule.Edward borrowed an amount to his friend and promised to pay the principal amount and accumulated interest within 8 years at a simple interest rate of 15.118%. As what was agreed upon, Edward must pay two separate payments, one at the end of 3 years with an amount equivalent to half of the loan and the interest accumulated for the first 3 years, and a final payment at the end of 8 years. If he paid a total amount of P15.855 on his first payment, determine the following: Determine the total principal amount borrowed. Amount paid at the end of 8 years. Accumulated interest at the end of 3 years.
