Engr. Hanamichi promised to pay P36,000 at the end of 90 days. He was offered a 10% discount if he pays in 30days. Find the rate of interest?

You wish to save $25,000 by depositing $200 at the end of each month.  If the interest rate is 3% monthly, what is the smaller concluding deposit?

Today, Engr. Go borrowed money to be paid in 15 payments for 15 months. If the interest rate is 9% compounded monthly and the monthly payment is P1,000, how much did he borrow?

You borrow 112000 for 10 years from a bank in order to renovate your flat. The effective interest rate charged by the bank is 7.6% per annum. The loan is to be repaid by level annual repayments, paid in arrears. Calculate the annual repayment. Give your answer to two decimal places.

Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yield you 3.00%. How much interest did your friend earn in interest (dollar amount) for holding the promissory note for the last fifteen days?

Emit wants to make an initial payment P at Year 0 hoping to get $400 annually from Year 5 to Year 10 (6 Years). How much should the initial payment be at an 8% interest rate?

One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $590 per month. You will charge .99 percent per month interest on the overdue balance. If the current balance is $14,810, how long will it take for the account to be paid off?   Number of months:

you take out an installment loan to purchase a time share costing $17,000. You make a down payment of $2,500 and finance the balance by making monthly payments of $718.66 for 24 months. Find the APR

You currently have a balance of $5,000 and you pay an interest rate of 17% per year on the card. Your minimum payment is 3% of the statement balance. If you pay the minimum balance for 20 months, what will be your new balance? Answer: x (3,602.40)

You owe $100,000. You plan to make monthly payments of $1000. If the interest rate is 6% monthly, what is the smaller concluding deposit?