Nihal is borrowing Rs. 50,000 to buy ABC assets. If he pays equal installments for 25         years and 4% interest on the outstanding balance, what is the amount of installment?         What shall be the amount of installment if quarterly payments are required to be made?

Q: Ramanujan has been awarded a bonus for his outstanding work, His employer offers him a choice…

A: Annuity = RM 1250 Time =5 years Rate =9% So, the cashflow looks like -  year 0 1 2 3 4 5…

Q: Maya borrowed 15, 000 pesos last June 10, 2020, from a lending institution which offered 12% simple…

A: The time period for which loan or borrowed amount is due or funds are held by borrower is calculated…

Q: Sam agrees to pay an amount of 2X at the end of 5 years and an amount of X at the end of 7 years. In…

A: The question is based on the concept of future value and present value of fund received at different…

Q: Mr. Sabalbaro borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal…

A: Annuity: It is the payment plan where one can get a regular amount of money after making the lump…

Q: Henry Jones is planning to retire in 15 years. He wishes to deposit an equal amount (A) every 6…

A: Time period = 15 years  Time duration semi-annual compounding Interest rate = 14% Semi-annual…

Q: Pedro bought a new car today from Barboncito Motors.  The former proposed to pay the latter the…

A: EMI or monthly mortgage payments are the fixed amount paid by the borrower to the lender that…

Q: A debtor borrows P7,900 and agrees to pay P9,359 for his debt 3 years & 4 months from now. At what…

A: Given, Future value = FV = P9,359 Present value = PV = P7,900 Number of months = t = 3years 4 months…

Q: Hamad will receive the following payments at the end of the next three years: AED 40,000, AED…

A: Given: Year 1 cash flows = AED 40,000 Year 2 cash flows = AED 50,000 Year 3 cash flows = AED 65,000…

Q: Irene’s Home credit was approved. She will be borrowing ₱55,000 but abiding by the rules she will…

A: Amortization of Loan Amount: An amortized loan is one in which the borrower is required to make…

Q: randon Rockwell owes P200,000.00 with interest at 5% payable semi-annually. What equal payments at…

A: Solution Given Amount due 200000 Interest rate 5% Compounding Semi annual…

Q: o acquires a loan of $300,000 to be paid off during 6 years with monthly payments. If the…

A: Monthly payments are equal fixed amount of payment that carry the payment for interest and loan but…

Q: Edward deposits P 100,000 in a savings account that pays 13% interest converted semiannually. How…

A: Nper refers to the number of periods or years which is required to clear the amount of loan at the…

Q: A woman borrows $2000 and agrees to pay 9% annual simple interest on the loan.  She repays the loan,…

A: The amount owed is calculated as sum of principal and interest

Q: Edward borrowed an amount to his friend and promised to pay the principal amount and accumulated…

A: Let the amount borrowed be "x" Simple rate = 15.118% Amount paid at the end of 3 years = P15.855.…

Q: James borrows $280 000 and repays the loan in equal fortnightly repayments of $1250 over 20 years.…

A: The time value of money is a concept used to compute and analyze the present worth of the future…

Q: Joella invested RM5,000 in an interest-bearing promissory note earning an 8% annual rate of interest…

A: Following is the answer to the question

Q: 1. On November 20, 2021, JD borrowed Php36,500 from Migs. He promised to pay the principal and…

A: FV stands for Future value refers to the value of the assets at the future date which is grounded on…

Q: Mr. Al Khasim deposited OMR 20,000 in a bank which offers a compound annual interest of 6%. How long…

A: Compound interest is one of the form of interest under which interest is charged on both principal…

Q: Mr CJ needs a financial product to provide cash in the future: R10 000 at the end of the first year;…

A: Cash payment today is present value of future cash flow that is to be received in the future that is…

Q: Emilio desires $9,000 as the proceeds of a 90-day loan from Winston who charges 5% interest in…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: William got a loan for 25,000 dlls to be payable in 19 years with interest rate of 1.7 percent per…

A: Loan amount = 25000 dlls Period = 19 Years Annual interest rate = 1.7%

Q: On October 31, 2019, Strongman Samson borrowed P100,000.00 from Pretty Delilah subject to an…

A: The simple rate of interest means the interest amount is determined by the principal amount. The…

Q: Nur's father bought a car for RM104,000. He paid an advance of RM24,000 and the balance will be paid…

A:

Q: Andy borrowed P9000 from Randy today and P12000 two years after and made a partial payment of P7000…

A: The present value of the two payments will be equal to the outstanding balance at the end of the 3rd…

Q: Raquel will settle her debt my making quarterly payments of P5,800 for 3 years and 6 months but the…

A: Quarterly payment = P 5800 Period = 3.50 Years Number of quarterly payments = 3.5*4 = 14 Annual…

Q: Nadhirah needs to pay RM168.28 every month for a loan of RM7,000 from XYZ Bank at 7.2% compounded…

A: Given, The monthly payment is RM 168.28 Loan amount is RM 7000 Rate is 7.2% compounded monthly

Q: Brian borrows $ 7500 from his friend at an annual 6% interest rate, which he will pay five years…

A: Future value is the value of the present cash flows after certain period. Due to interest that can…

Q: On October 31, 2019, Strongman Samson borrowed P100,000.00 from Pretty Delilah subject to an…

A: The FV of an asset refers to its value at a predetermined point in the future and an assumed rate of…

Q: Karl borrows P200,000 and agrees to pay the principal and interest by making equal payments at the…

A: A loan refers to the amount borrowed from one person to the other person in exchange for the…

Q: Daiki Aomine owes a debt to a lending company of P50,000.00 due in 2 year and another P55,000.00 in…

A:

Q: On June 26, 2019, Naomi obtained a loan of P150,000 from a local businessman. The interest rate on…

A: There are two types of simple interest: the ordinary and the exact. These two phrases employ the…

Q: Khairul secured a bank loan of RM 180,000 to help the purchase of a house. The mortgage is to be…

A: A mortgage is a loan obtained to purchase a property, such as a house or a piece of land. The…

Q: Jake borrowed P40,000 from Mike. He promised to pay the principal amount plus the interest at the…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: Max has financial obligations of $1000 due in 3.5 years and $2000 due in 5.5 years to Bel. He wishes…

A: The question can be solved as follows:

Q: Franklin owes the following amounts to the same person: $16,000 due today, $11,500 due in 1¼ years,…

A: > Here the present value of multiple payments will give the amount owned,> Present value of a…

Q: Mr. Reyes borrows P600,000 at 12% compounded annually, agreeing to repay  the loan in 15 equal…

A: We need to use present value of ordinary annuity formula to calculate equal payment. PMT…