Anshul plans a trip to Goa and estimated that he requires Rs 25,000 for the same. He takes a loan from the credit card with an 11% annual interest rate for 3 years. The EMI under the flat rate system is given by,

Dr. Dennis Natali plans to take advantage of 0% interest balance transfer credit card offer to pay off a $7250 loan he has.if his loan is at 7.5% interest for 12 months ,what is his payment? How much will he save in interest?

Maheera can get a certificate of deposit (CD) at his bank that will pay 3.5% annually for 10 years. If he places $2442 in this CD, how much will it be worth when it matures? (a) Use the formula. (b) Use the interest tables and interpolation. (c) Use a calculator or spreadsheet for a 5-button solution.

Solve it correctly please.

Dr. Dennis Natali plans to take advantage of a 0% interest balance transfer credit card offer to pay off a $7,250 loan he has. If his loan is at 7.5% interest for 12 months, what is his payment? How much will he save in interest? (Use Table 14.2) Note: Do not round intermediate calculations. Round your final answers to the nearest cent.

Ho is now saving his money HK$2000 per month in a regular savings account of HSBC which offers him interest rate of 4%p.a. compound monthly. A bank teller suggest him to setup a monthly saving plan. The details are as follow Maturity of 5 years Fixed interest rate 8% p.a. compound quarterly A handling fee equivalent to 2% of the total investment amount for early withdrawal If he needs to use the money 4 years from now, should he take the offer?

Reggie availed of a deferred payment scheme from a bank that gave her an option to pay ₱5,500 monthly for 2 years. The first payment is due after 3 months. How much is the present value of the loan if the interest rate is 12% converted monthly?

If you are planning to apply for a personal loan and borrow PhP 30,000 and repay the principal and interest for an agreed length of time of 3 years, How much monthly payment is needed for each bank offer? b. How much interest would you pay for 3 years for each bank offer? Which is the best option for you among the given choices below if you are to pay monthly for 3 years? а. с. Bank (Personal Loan) Monthly Interest Rate A 1.3% B 1.89% 1.22% D 1.5% 1.25%

Dr. Dennis Natali plans to take advantage of a 0% interest balance transfer credit card offer to pay off a $7,250 loan he has. If his loan is at 7.5% interest for 12 months, what is his payment? How much will he save in interest? (Use Table 14.2) Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Payment Savings in interest

You decide to treatyour friends to a €20,000 luxury trip to the tent village at WorldCup in Qatar. You must borrow the full amount (€20,000) on your credit card. The interest rate is 2.0 percent per month, compounded on a monthly basis. (20 Points) Required: i. Assuming there no additional fees or late payment fees, what is the future balance of your credit card if you make no payments for 5 years based on the interest rate above? ii. How long will it take you to payoff this debt assuming that you do not charge anything else and only make regular monthly payments of €500? iii. After 12 months of making €500 monthly payments on your credit card, Easy Bank offers you an amortising loan with the same payment of €500 but with an effective annual rate of 6.17%. How long will it take to payoff the loan?