Q: Deposits of Php 1500 each were made in a sinking fund at the end of each year. If the fund earned…
A: Deposit each month = 1500 End of year deposits Interest Rate = 6% Future Value after seventh deposit…
Q: A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Interest on a ten-year loan of 10,000 loan is at an annual effective interest rate of i. The sinking…
A: A sinking fund is a fund created by an organization for payment of any future liability which is…
Q: A loan of 6 semi-annual payments of 4,500 Php are to be made to pay for a loan at 5 1/2 % compounded…
A: Given That: semi-annual payments=4,500 Php n = 6 semi annual payments r =5.5%/2 = 2.75% semiannual.…
Q: due at the end of 2 years and 9 mon 26. Find the semi-annual payment at the end of every six months,…
A: An annuity is a payment plan where future periodic payments are made in exchange for a lump sum…
Q: A sinking fund is established to discharge a debt of $60,000 in 15 years. If deposits are made at…
A: using financial calculator, N =15*2 =30 I/Y = 4/2 =2 PV = 0 FV = -60000
Q: A debt of Php 10,000.00 with interest at the rate of 20% compounded semi-annually is to be amortized…
A: Given:: Debt = Php 10,000 Interest rate = 20% (compounded semi-annually)= 20%/2 = 10% n= 5 periods…
Q: Pls. show the complete solution with cash flow diagrams Find the monthly payment necessary to…
A: Amortization is a term used to describe the process of repaying debt over time by making monthly…
Q: Your company estimates it will have to replace a piece of equipment at a cost of P5,800,000 in 5…
A: Given information: Future cost of equipment amounted to P5,800,000 Number of years is 5 Interest…
Q: Task If you are planning to apply for a personal loan and borrow PhP 30,000 and repay principal and…
A: In case of loan repayments, the principal of compound interest is applicable. The total monthly…
Q: An amount of 50,000 was borrowed at an interest rate of 10% per year and was to be repaid over a…
A: Cash Flow Diagram: Income and expenses over some time interval are visually represented in cash flow…
Q: . What lump sum of money must be deposited in a bank account at present time so that Php 500 monthly…
A: Monthly withdrawal (M) = Php 500 after 6 years (72 months) Number of withdrawals (n) = 5 years = 60…
Q: The loan of 200,000 PLN is repaid in equal annual instalments for 20 years. The total yearly payment…
A: The interest rate on loan as well as the second installment principal and interest proportion can be…
Q: Jhon borrows 15,000 to be repaid in equal annual installments at the end of each year for 3 years.…
A: Annual Cost of debt: The annual cost of debt is generally the interest paid annually on debt and is…
Q: Php 15,000 is deposited every month for 2 years 8 months at 13% compounded monthly, what is the…
A: Annuity refers to the equal amount of payments/deposits made at equal time intervals for a definite…
Q: Develop an amortization schedule for the loan described below. $45,000 for 2 years at 5% compounded…
A: The question is based on the concept of Loan and amortization, Annuity.
Q: A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded…
A: Interest rate = 10% per annum Interest rate = 2.5% per quarter…
Q: A loan of Php 50,000 due 5 years from now and Php 50,000 due 10 years from now is to be repaid by a…
A: Given information : Amount due in 5 years = Php 50,000 Amount due in 10 years = Php 50,000 Repayment…
Q: A sinking fund is established to discharge a debt of $60,000 in 5 years. If deposits are made at the…
A: Sinking fund is an accumulated fund to pay-off the future debts or expenses. Firm deposit an annual…
Q: Given a principal amount of P500,000 and an interest rate of 5.08% per year, construct a loan…
A: Loan amortization schedule: It implies to a detailed table that shows the periodic loan payments…
Q: A loan of 350000 is taken over twenty years and will be repaid using the sinking fund method with…
A: Loan amount (P) = 350000 Annual interest rate = 3% Quarterly interest rate (r) = 3%/4 = 0.75% Period…
Q: Your company has decided to set up a fund for its employees with an initial payment of Rs 27,500…
A: a.Calculate the size of the fund as follows:
Q: You get a twenty-year amortized loan of Php100,000 with a 5% annual interest rate. What are the…
A: Whenever a borrower acquires funds from a lender, he makes a promise to repay back the principal…
Q: A debt of Php 10,000.00 with interest at the rate of 20% compounded semi-annually is to be amortized…
A: Debt = 10,000 Interest Rate = 20% Compounded Semi Annually i.e. 10% per semi annual period Number of…
Q: How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest…
A: Answer - Formula for Future Value - FV=PV(1+i)n, Where, PV = Present Value i= Interest Rate n =…
Q: Two banks are offering loan facility of Rs. 50,000 with an interest rate of 15% pa. for a period of…
A: Loans are the representations of the amounts of money that are borrowed by the borrowers from the…
Q: A one million peso loan is to be paid annually at an interest rate of 8.00% pa compounded monthly.…
A: Loan amount (L) = P 1 million Interest rate = 8% compounded monthly. We need to find the annual rate…
Q: RM 500 payment is made every month to amortize a debt of RM4736. By constructing an amortization…
A: Loan Repayment: Loan payback refers to the process of returning borrowed funds to the lending…
Q: İlhan got a loan of 10.000 TL with a maturity of 10 years with an annual effective interest of 9%.…
A: A mortgage is a loan for a specific amount of money, and mortgage payments are the repayment of that…
Q: pan of $30,000 is to be financed over a period of 24 months. The agency quotes a nominal interest…
A: in this we have to find equivalent effective interest rate and use as annual interest rate.
Q: Calculate the future value of end-of-quarter payments of $5,000 made for 5 years into an investment…
A: The value of current payment or upcoming flow of payments at any future date when flow of payment…
Q: A sinking fund is established to discharge a debt of $80,000 in 20 years. If deposits are made at…
A: Working note:
Q: A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: riod, if a loan of Php 50,000 is made for a riod of 16 months at a rate of 7.5%?
A: The amount due at the end of period will be amount of loan and accrued interest on that. That would…
Q: Prepare anamortization schedule for a $50,000 loan that pays10% interest annually for five…
A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…
Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 8%…
A: Sinking fund can be defined as the saving fund, in which, the business organizations tend to…
Q: 1. Compute the initial value of the money if the borrower needs deposit the accumulated amount of…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: A loan of PhP 75,000 with level payments to be made at the end of every month for 24 months with…
A: The time value of money refers to the determination of the value at present as well as the future…
Q: A P15,000 loan at 12% compounded quarterly is to be amortized every 3 months for 12 years. Find the…
A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?
Q: Calculate the future sum of $1,000, given that it will be held in the bank for 5 years earning an…
A: Future value is the value of the current assets or some amount that is invested today and amount…
Q: A sinking fund is established to discharge a debt of $80,000 in 5 years. If deposits are made at the…
A: The following formula will be used:
Q: Establish loan amortization schedules for 3- year loan of 20.000 (initial loan) with equal payments…
A: Given Years 3 Loan 20,000.00 RATE 5%
Q: A debt of Php 150,000 is to be amortized by ten semi-annual payments, the first to be made 6 months…
A: Loan Amortization: A simple definition of amortization is the amount of principal and interest that…
Q: What lump sum of money must be deposited in a bank account at present time so that Php 500 per…
A: The concept of the time value of money states that the current worth of money is more than its value…
Q: Consider a principal amount of PhP 1,000 to be invested at a nominal rate of 12% compounded semi…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: A loan is to be paid by an amount of Php 75,000 at the end of 5 years and 6 months. Calculate the…
A: Solution: Amount of repayment = P75,000 Period = 5.5 years Interest rate = 6% compounded…
Q: Find the payment necessary to amortize a 6% loan of $100,000 compounded annually, with 11 annual…
A: Loan amount = $100,000 Interest rate = 0.06 (i.e. 6%) Loan period = 11 years Annual payment = ?
Q: A man will deposit Php 200 with a savings and loan association at the beginning of each 3 months for…
A: Saving account is a financial facility offered to individuals who want to save their money. It…
A loan of PHP 75,000 with level payments to be made at the end of every month for 24 months with a monthly rate of 6% along with deposits to a sinking fund that earns a monthly rate of 3%. How much is the amount in the sinking fund after 3rd payment?
Step by step
Solved in 3 steps
- You get a twenty-year amortized loan of Php100,000 with a 5% annual interest rate. What are the annual payments? a. Php 8,718 B. Php37,689 C. Php 4,762 d.Php 8,024solve You obtain a loan for Php. 1,500,000 payable in three equal annual installments of Php. 500,000 each. Each interest to be paid at 10% of the unpaid principal. Assuming an effective rate of 12%, compute for the present value of the loan as well as prepare a loan amortization table.A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?
- A loan is to be paid by an amount of Php 75,000 at the end of 5 years and 6 months. Calculate the amount of the loan if interest rate is 6% compounded continuously. engineering econA loan of 6 semi-annual payments of 4,500 Php are to be made to pay for a loan at 5 1/2 % compounded semi-annually. Find the value of the loan and constuct an amortization schedule.solve the following using the concept of amortization 1.Show the amprtization schedule for a loan ₱15.000 at 4% interest compounded monthly, payable for 12 months
- Find the payment necessary to amortize a 6% loan of $100,000 compounded annually, with 11 annual payments. The payment size is SA loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded quarterly. Find the value of the loan.You obtain a loan for ₱ 1,500,000.00 payable in three equal annual installments of ₱50,000.00 each. Each interest to be paid at 10% of the unpaid principal. Assuming an effective rate of 12%. 1. Compute for the present value of the loan. 2. Prepare a loan amortization table.
- 1. Compute the initial value of the money if the borrower needs deposit the accumulated amount of P59, 137 to the bank after 8 months and 24 days if the money has the interest rate of 19% per annum. 2. What is the equivalent percent of 20% compounded quarterly if converted to compounded monthly? 3. The Philippine Association of Board Examiners (PABE) desires to award a P1,600 scholarship annually to deserving students for as long as its scholarship fund shall last. The fund was started July 1, 1977 by a donor in the amount of P24,000. The PABE invested this sum at that time at 4% per annum and plans on adding P200 each year to the fund from its dues Starting July 1, 1978 for as long as awards are made. A. For how many years starting July 1, 1978 can scholarship be awarded? B.What will be the balance in the fund after the last award was made?Set up an amortization schedule for a Rs 100,000 loan to be repaid in equalinstallments at the end of each of the next 5 years. The interest rate is 10%compounded annually. b. What percentage of the payment represents interest and what percentage represent principal for each of the 5 years? Why do these percentages change over time?To pay off a 100 000 00 loan, it is required that 20 semiannual payments that increase by 500.00 be made. determine the amount of the first payment if it due six months after the loan is made and interest if 7% compounded semi annuanly. draw the cash flow tnx.