Ramoncito borrowed P100,000.00 on October 31, 2019 from Barboncito and the loan has an interest rate of 6% per year until full payment. How much should Ramoncito pay Barboncito on March 10, 2020 in order to fully satisfy the obligation?

Suzanne is a recent chemical engineering graduate who has been offered a 5-year contract at a remote O location. She has been offered two choices. The first is a fixed salary of $80,000 per year. The second has a starting salary of $70,000 with annual raises of 8% starting in Year 2. (For simplicity, assume that her salary is paid at the end of the year, just before her annual vacation.) If her interest rate is 10%, which should she take?

Gurpreet already had a balance of $1700 on her credit card when she used it to purchase items worth another $335. The minimum monthly payment is 3% of the outstanding balance or $30 dollars, whichever is greater, and the interest rate is 19.7%, compounded daily. If Gurpreet pays only the minimum each month, how long will it take her to pay off the balance? How much interest would she end up paying?

An employee is earning P12,000 a month and he can afford to purchase a car which will require down payment of P10,000 and a monthly amortization of not more than 30% of his monthly salary. What would be the maximum cash value of a car he can purchase if the seller will agree to a down payment of P10,000 and the balance payable in four years at 18% per year payable in monthly basis. The first payment will be due at the end of the first month?