The purchase amount of an equipment P1,000,00.00 has been made available through loan which earns12% per annum. It has been agreed that the loan be payable in 10 equal annual payments. How much then is then is the yearly due?

Q: Suppose a firm which wants to purchase a piece of machinery borrows $10,000 to be repaid in ive…

A: Value of the loan = where value of the loan = $10,000A = Periodic payment = equal annual paymenti =…

Q: . dA car costing P1.2M is to be paid off by monthly payments over five years at a 10% annual…

A:

Q: Payment of loans: Calculate the value of the monthly payments for a loan of ¢300,000.00 in a credit…

A: Monthly Installments - - It includes a portion of principle payment along with Interest. Monthly…

Q: Lukas Center acquired a new Laser Machine worth ₱580,000.00. The center plans to pay 35% advance…

A: Given Loan Amount = 580,000 The required solutions for the question above are highlighted in the…

Q: A machine is bought with a loan which must be repaid in 20 equal half-yearly instalments of R6 500.…

A: Present value is commonly used in various financial calculations, such as determining the fair value…

Q: 1. A P300,000 loan is to be paid as follows: P 10,000/month month 1st month to 10th P20,000/month.…

A: Loan amount = P 300000 Interest rate (r) = 12% per annum = 1% per month 1st to 10th month: P 10000…

Q: An installment contract for the purchase of a car requires payments of $272.71 at the end of each…

A: We need to use loan amortisation formula below for calculation of amount financed.  PV…

Q: 0 down payment and 10 quarterly instaliments, the due at the end of the first year after purchase.…

A: The discounting formula is one plus discount rate divided by a number of year's whole raise to the…

Q: A P15,000 loan at 6% compounded semi- annually is to be amortized in 6 months. Find the monthly…

A: monthly rate = (1 + 6%/12)1/6  -1 = 0.49386% N = 6 FV = 0 PV = 15,000 use PMT function in Excel…

Q: A $16000 loan is to repaid by monthly payments of $340, the first payment is due in one year's time.…

A: Repayment of loan is made in fixed instalments for during the loan period which include part of…

Q: what is the equivalent annual cost of the maintenance?

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: A loan of P12, 500 is to be repaid with equal quarterly payments for one year with an interest of 6%…

A: Amortization table is a schedule which shows periodic lease or loan payments. The periodic payment…

Q: A house costs $133,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Loan installment is that which is paid by borrower to lender for a specified period of time. This…

Q: What is the uniform series of payments equivalent to the following present values ​​a) $50,000. The…

A: Installment : It is a sum of money that is due as among one of the several equal payments for an…

Q: The maintenance on a machine is expected to be ₱8984 for the second year and an additional ₱1,750…

A: Annual cost for 6 years = 1,750 Total Cost for the second year = 10,734 (8,984 + 1,750) Interest…

Q: A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Annual Percentage Rate(APR) is nothing but the rate of interest charged to borrower and it will be…

Q: For item (13) A car is to be purchased in monthly payments of P17,000 for 4 years starting at the…

A: Present value of any loan or borrowing is the sum of the down payment initially and the value of…

Q: The total maintenance expense of a certain machine is 15,845 and can be disbursed by paying 3,458 at…

A: Annual equivalent cost is that is equivalent to the cost today considering the interest rate and…

Q: what is the monthly payment for a loan of 140,000 30 year fixed rate of Apr of 7.5% what is the…

A: Using excel PMT function

Q: A building is to be paid indefinitely at the rate of 6%. The building's price is P1M if paid in…

A: SOLUTION- Compounding is done by the lenders when they provide interest on amount which includes…

Q: the following schedule of payments; P15,000 immediately, P1,000 at the end of year one, P1,500 at…

A: Given, Payments P15,000 immediately. P1,000 at end of 1 year. P1,500 at end of year 2 P2,000 at end…

Q: 28. P 6000 is borrowed for 75 days at 18% per annum. How much will be due at the end of 75 days? Use…

A: Simple interest refers to the method that is used for calculating the amount of interest on a…

Q: Find the cost if the project is paid full before it starts.

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: P1M if paid in cash. What is the amount of the building today for 12y the rate of 4.83% compounded…

A: Continuously compounded interest is interest calculated on both the initial principle and all…

Q: 160000 TL loan is being repaid by installments of 2250 TL at the end of each month for as long as…

A: Loan financing refers to the arrangement of a loan repayment system. It involves the repayment of a…

Q: A loan of $3000 is to be repaid by level monthly installments in arrears over a period of 3 years.…

A: Annual percentage rate (APR) refers to the annual cost of funds borrowed.

Q: The maintenance for a piece of equipment costs P16,875 at the end of year one and increases by…

A: The equivalent annual cost of the maintenance is the cost over the entire period of maintenance…

Q: 3. An equipment is to be paid P15,000 forever at the rate of 9%. What is the amount of the equipment…

A: The current worth of an annuity is the current worth of future installments from an annuity, given a…

Q: An air conditioner is for sale at P20,000 in cash or on terms, P1,650 each month for the next 18…

A: Given,  The sale price is P20,000. Payment is P1650 for each month is 6% compounded monthly Number…

Q: A house costs $147,000. It is to be paid off in exactly ten​ years, with monthly payments of…

A: Given information: Cost of house is $147,000 Monthly payment is $1,783.52 Number of years is 10

Q: An instalment contract for the purchase of a car requires payments of $280.49 at the end of each…

A: Solution:- When a loan is taken, it is to be repaid in lump sum or in installments. If it is paid in…

Q: 20000 TL loan is being repaid by installments of 100 TL at the end of each month for as long as…

A: given information total loan = 2000 pmt = 100 interest = 12%

Q: A P28,000 debt at 15% interest compounded semi-annually is to be amortized at P2,250 every 6 months.…

A: An amortization table is a table that shows the periodic payments, interest, principal, and…