Mr. Jiménez was loaned $300,000 pesos payable over 15 years at an annual interest rate of 15.65% with monthly capitalization. Calculate: a) The compound amount b) The interest accrued during that time

Q: Jumbo Bato borrowed money from Rovin Patila,payable for 3 years. If the interest rate per year is…

A: Data given: Interest rate (r) = 9% p.a. (assumed simple interest rate) n= 3 years   Loan amount (P)…

Q: Pharoah Curtin borrowed $31,500 on July 1, 2027. This amount plus accrued interest at 8% compounded…

A: Step 1: The loan amount to be repaid can be calculated as follows:Sl. No.AB1Loan…

Q: 3. Miss Aisha deposited RO 5000 in a fixed deposit at 5 % interest compounded semi-annually for 5…

A: Amount deposited now = RO 5000 Interest Rate(r1) = 5% compounded Semiannually = 5% /2 = 2.5% Years =…

Q: Miguel received a loan of $10,000 at 4.50% compounded quarterly. He had to make payments at the end…

A: calculating the size of payment using excel pmt function =PMT(rate,nper,pv,[fv]) where, rate = rate…

Q: Mae purchased a home for ₱4,570,000 and obtained a 20-year loan with an annual interest rate of…

A: Given Information : Cost of home = 4,570,000 pesos Period of loan = 20 years Annual interest rate =…

Q: Determine the proceeds If the interest in advance is to be deducted for a loan worth P 250 000 due…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Jim Jones deposited $19,000 in a savings account at 7% interest compounded daily. At the end of 6…

A: The Future Value is calculated with the help of following formula  A = P (1 + r/n) nt A = Future…

Q: A person deposited every 6 months ¢ 50,000.00 in an account that paid him 16% interest, convertible…

A: Semi-annual payment = ¢ 50,000.00 Interest rate = 16%  Time Period = 20 Years

Q: 1. anim bought a flat for RM56,000, and get financing for 90% of the value, at 3.55% p.a., and the…

A: In excel. Flat Price 56,000.00         Loan to Value ratio 90%         Loan AMount 50,400.00…

Q: B. Compound interest 4. Grace deposited Php40,000 in an account that pays 3.5% interest…

A: Note: “Since you have posted multiple questions, we will provide the solution only to the first…

Q: Mr. Santos borrowed a certain amount from Bank A with an interest of 5% compounded quarterly and he…

A: EMI = P × r × (1 + r)n((1 + r)n-1) where, P= Loan Amount r= Interest rate n= tenure

Q: 5. Find the amount of interest earned in the following deposit: $12,699.36 at 5% compounded…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Erin deposited $1,400 at the end of every month into an RRSP for 7 years. The interest rate earned…

A: Annuity means a set of definite numbers of payments that are the same in size and made in equal…

Q: Loretta Scholten bought a home for $210,000 with a down payment of $30,000. Her rate of interest is…

A: Given: Total amount = $210000 Down payment = $30000 Rate of interest = 6%

Q: ppose that Mark borrowed $27,750 on his car loan, and it is to be repaid in eight equal payments at…

A: Loans are paid by the equal annual payments and these annual payments carry the payment for interest…

Q: 40. How much is the remaining liability after the 6th payment?

A: As per our guidelines we provide solution to the one question only and you have asked three…

Q: Jasmin has a mortgage of $296,000 through her bank for property purchased. The loan is repaid by end…

A: Mortgage Amount = $296,000Interest rate = 6.36%Period = 16 Years

Q: Lamont borrows $315,000 to help finance the purchase of a townhouse and will be charged interest at…

A: The periodic interest rate can be found by using the following formula:

Q: Corey received a $36,750 loan from a bank that was charging interest at 3.50% compounded…

A: We need to use loan amortization formula below to calculate semi-annual payment.  where P=Loan…

Q: 9) Omar borrows AED 2,000,000 to be repaid over 15 years at 6% interest rate annually. Calculate…

A: The total interest paid on Omar's loan will be AED 1,037,884.58.Here's how to calculate it:Loan…

Q: Stephen deposited $1,200 at the end of every month into an RRSP for 8 years. The interest rate…

A: Amount deposited at the end of every month is $1200 Time period is 8 years Interest rate for first…

Q: (2) Marianne deposits $2,000 in a five-year certificate of deposit. At maturity the balance is…

A: Step 1:Step 2:

Q: What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699

A: Interest: It is the amount charged on the loan taken by the lender to the borrower. The interest…

Q: ted 16,8000 in a new savings account at 7% interest compounded seminannually. At the beginning of…

A: Amount in the saving account increases with time because with time interest goes on increasing.

Q: Mr. Subito borrowed Php 4605 from a bank, which he will repay Php 5000 at the end of 10 months. In…

A: Given: Borrowed amount = Php 4,605 Future value = Php 5,000 Number of months = 10 months 6 months…

Q: QUESTION 1 A man buys a house for $360,000 He makes a $150.000 down payment and amortizes the rest…

A: It is a case where a house is purchased using a downpayment as well as a loan is taken up to cover…

Q: John borrowed $10,000 and agreed to pay it off with annual 591 эсол у фли 59+ + +95шлеч years. The

A: Amortization is the process of gradually reducing the value of an asset over time, typically for…

Q: Anika deposited $900 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: Monthly deposits = $900First 4 year interest rate = 5.50% compounded quarterlyNext 4 years interest…

Q: Sam deposited $900 at the end of every month into an RRSP for 7 years. The interest rate earned was…

A: Here, Monthly Deposit is $900 Interest Rate for first 4 years is 4.50% compounding Semi Annually…

Q: 6. David borrowed P^(5),000 from a bank at a rate of 7% per annum compounded annually. Which of the…

A: We need to use compound interest formula below to calculate amount to be paid after certain year. A…

Q: Lance borrowed an amount of money from a lender. He agrees to pay the principal plus interest by…

A: Annual Payment = 39,973.76 N = 3 Interest rate = 8% Compounded quarterly Number of compounding…

Q: 40: Albert borrowed P180 000 to be repaid with equal quarterly pay interest rate of 9% compounded…

A: REMAINING LOAN BALANCE FORMULA: remaining loan balance = loan amount×1+rn-regular payment ×1+rn-1r…

Q: Suppose you borrowed $50,000 at a rate of 8.1% and must repay it in 5 equal installments at the end…

A: Given ,Loan amount , Annual rate , r = 8.1% = 0.081Annual rate , r = 8.1% = 0.081number of…

Q: Rally bought a brand new car for P 600,000. He pays a down payment of P 150,000, balance to be…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: Eric deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: Accumulated value refers to the future value of the investment made by the investors effecting by…

Q: Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the…

A: Annuity = a = $1300 Time = t = 26 years Interest rate = r = 8%

Q: man borrowed PhP 300,000 and agreed to pay his bligation by paying 8 equal annual payment of PhP…

A: Loans are paid by the annual payments that carry the payment of interest and payment of principal…

Q: Phillip purchased a machine for $20,000 for his company. He paid 5.00% of this amount as a down…

A:

Q: Adam deposited $1,300 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: When an investment is made, interest is earned on the deposit so made. The accumulated value of an…

Q: Leona purchased a home and obtained a 25 year loan of 437,750$ at an annual interest rate of 6.5%.…

A: given, n = 25years r= 6.5% m = 12 p = 437,750