On January 4,2016, Minggun, borrowed P24,000 and promised to pay the principal and the interest at 12% compounded semiannually on July 4, 2021. How much will she repay?
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kindly provide a cash flow diagram for this problem and solution thankyou
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- Pedro borrows P300,000.00 from lender ABC today at 12% compounded monthly. To fulfill his obligation to repay the loan, Pedro agreed to start paying the six (6) equal monthly payments starting next month. a. What will be the amount of his monthly amortization? b. Construct an amortization schedule. Use a table similar to that found in our textbook. c. What will be the outstanding balance of his loan at the end of 4 months from today? d. If Pedro failed to pay the 2nd and 3rd monthly amortization, how much shall be the required single payment on the fifth month in order to fully pay his outstanding obligation? e. Supposed that he will still not be able pay the single total payment on the Fifth month as stated in question d. above, and assuming further that both parties agree that the outstanding obligations shall instead be paid in 7 equal monthly installments, at 15% compounded monthly, starting on the 9th month, what will the value of such monthly installment be?…Pedro borrows P300,000.00 from lender ABC today at 12% compounded monthly. To fulfill his obligation to repay the loan, Pedro agreed to start paying the six (6) equal monthly payments starting next month. a. What will be the amount of his monthly amortization? b. Construct an amortization schedule. Use a table similar to that found in our textbook. c. What will be the outstanding balance of his loan at the end of 4 months from today? d. If Pedro failed to pay the 2nd and 3rd monthly amortization, how much shall be the required single payment on the fifth month in order to fully pay his outstanding obligation? e. Supposed that he will still not be able pay the single total payment on the Fifth month as stated in question d. above, and assuming further that both parties agree that the outstanding obligations shall instead be paid in 7 equal monthly installments, at 15% compounded monthly, starting on the 9th month, what will the value of such monthly installment be?On April 5, 2019, Janeen Camoct took out an 8.5% loan for $20,000. The loan is due March 9, 2020. Use ordinary interest to calculate the interest. What total amount will Janeen pay on March 9, 2020? (Ignore leap year.) Required: What are the number of days between the two dates listed below? Note: Use the DATEDIF or DAYS function to calculate the number of days. 4/5/2019 3/9/2020 What is your principal? Note: Answer should be entered as a numeric value and not a formula. What is your rate? Note: Answer should be entered as a numeric value and not a formula. What is the time? What total amount will Janeen pay on March 9, 2020?
- Jumbo Bato borrowed money from Rovin Patila,payable for 3 years. If the interest rate per year is 9%, determine the following:a. Total interest due for each yearb. Total interest due after 3 yearsc. Total amount due after 3 yearsd. Total amount due after 100 days considering the loan was obtained on February14, 2020e. Total amount due after 5 months considering the loan was obtained in October 2021. Use Php 10,000 as the amount of borrowed moneyRhea has to pay a loan by making 12 bimonthly (at the end of every 2 months) payments of P15,000 to Provident Fund How much is her outstanding balance by August 13, 2023 if interest is 7.2% compounded bi-monthly? Hint: m= no.of conversion periods=6 per year.Pedro borrows P300,000.00 from lender ABC today at 12% compounded monthly. To fulfill his obligation to repay the loan, Pedro agreed to start paying the six (6) equal monthly payments starting next month. What will be the amount of his monthly amortization? Construct an amortization schedule. Use a table similar to that found in our textbook. What will be the outstanding balance of his loan at the end of 4 months from today? If Pedro failed to pay the 2nd and 3rd monthly amortization, how much shall he the required single payment on the fifth month in order to fully pay his outstanding obligation? Supposed that he will still not be able pay the single total payment on the Fifth month as stated in question d. above, and assuming further that both parties agree that the outstanding obligations shall instead be paid in 7 equal monthly installments, at 15% compounded monthly, starting on the 9th month, what will the value of such monthly…
- A friend of yours borrowed an amount of Php 70,000. Based on your conversation, She intends to pay it within one year and based on a monthly basis.The interest rate of the borrowed money is 24%, compounded quarterly. You were able to lend her the money on July 01, 2021, and she intends to pay the first Amortization at the end of August 2021.After paying for the 6 months, she intends to pay the remaining balance at the end of the 7th month. Solve for the following : 1.What is the Amortization Schedule for the loan amounting to 70,000 for a year. 2.What was the Effective rate of interest for the loan. 3.What is the amount that she intends to pay in the 7th month to pay for the debt.Emily has borrowed $1 000 000 from MQ Bank for 10 years at an interest rate of j2=3.11% p.a. She will make 10 annual repayments. According to the loan agreement, Emily's repayments will be $94 000 for the first two years followed by payments of X per year for the remaining eight years. This loan needs to be fully repaid by the end of 10 years. Assume that all annual repayments will be paid at the end of each year (the first payment will be at the end of the first year), what is the value of Emily's annual payment amount, X (rounded to four decimal places)? a. 117417.0375 b. 125029.1998 c. 117545.5547 d. 124833.94427.Anna borrowed money from a bank charging 10% interest last January 12, 2020 and is due on June 12, 2020. If she paid Php5,500 at the end of the loan, what is the amount she borrowed considering exact simple interest? (Clue: Count all the days per month
- Emily has borrowed $1 000 000 from MQ Bank for 10 years at an interest rate of j2 = 4.1% p.a. She will make 10 annual repayments. According to the loan agreement, Emily's repayments will be $87 000 for the first two years followed by payments of X per year for the remaining eight years. This loan needs to be fully repaid by the end of 10 years. (a) Assume that all annual repayments will be paid at the end of each year (the first payment will be at the end of the first year), what is the value of Emily's annual payment amount, X (rounded to four decimal places)? The correct answer is: 135498.8246Benjamin Co. borrowed money on September 1, 2020. The loan had the following terms. Length: 5 years Interest: 10% Amount: $120,000 Payments per year: 1 Benjamin Co. has a year end of December 31. NOTE: You may use your financial calculator or you may use the present value annuity factor, which is 3.7908. REQUIRED: Journalize the accrual on December 31 and the 1st payment on Aug 31, 2021 below: Date Account Title and Explanation PR Debit CreditAssume that time today is Dec. 13, 2022. Determine what is being asked in each problem.1. Rhea has to pay a loan by making 12 bimonthly (at the end of every 2 months) payments of ₱15,000 to Provident Fund. How much is her outstanding balance by August 13, 2023 if interest is 7.2% compounded bi-monthly? Hint: m=no.of conversion periods=6 per year.2. Lara has made ₱1,000 monthly payments to a paluwagan up to Mar. 13, 2023 but was dissolved as agreed by all contributors. The paluwagan management has agreed to return her money's worth including interest of 0.5% per month on Jun. 13, 2023. How much is the total she can receive?3. Coco borrowed ₱100,000 and wishes to repay Kobe at the end of each month with payments of ₱3,000 for as long as necessary. Coco is charged by Kobe 9% interest compounded monthly. How many regular level payments does Coco have to pay?
