Which is a better choice in buying a washing machine worth ₱12,700.00? A. Avail of the instalment plan which requires payment of ₱850.00 a month for 18 months B. Borrow from a lending company that charges 12 1/4% simple interest payable in 1 year and 6 months C. Borrow from a lending firm offering 12% compounded quarterly payable in 1 year and 6 months D. Borrow from a lending firm offering 12% compounded monthly payable in 1 year and 6 months

Q: If you were Jad, which bank will offer you the best plan? A) Bank (3) B) Bank (4) C) Bank (2) D)…

A: answer 5= bank a)

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A: According to Bartleby guidelines, if a question involves multiple sub-parts, then 1st sub 3 parts…

Q: You purchase a basic package, 4-door sedan for your company's fleet for $18,000. The 3 year loan has…

A: Assumption: It is assumed the given situation is in monthly compounding. The question gives the…

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A: EMI or equated monthly installment is referred to as an amount payable, which is paid in each and…

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A: The concept of the time value of money states that the current worth of money is more than its value…

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A: because you have posted multiple questions, we will answer the first question only, for the remaning…

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A: The deposits are being made at the start or beginning of each month. Hence this is a case of annuity…

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A: The discount loan refers to a loan where the amount to be repaid is fixed and the amount provided to…

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A: Monthly interest rate can be calculated by excel formula PMT and by IRR formula with series of cash…

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A: Cost additional screen of computer = RM2500 Deposits = 10% Number of monthly payments = 24 Interest…

Q: suppose that you decide to borrow $15,000 for a new car. you can select one of the following loans,…

A: a.Loan ALoan Amount (pv) = $15,000Interest Rate (rate) = 5.9%Time Period = 3 YearsNumber of Payments…

Q: b. Consider a car loan of $18 000 at 7.5% p.a. to be repaid over 6 years. i. Calculate the monthly…

A:

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A: A mortgage is a type of loan that is linked to real estate. It is a form of a secured loan on the…

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A: A. Payment in cash Cash payment = $15000(1-15%) = $ 12750   B. Installment to pay on credit Initial…

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A: Quarterly payment (P) = PHP 50,000 First payment period = 2 Years First payment period in quarters…

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A: We need to use compound interest formula below to calculate interest Compound interest = P[(1+i)n…

Q: You purchase a car priced at 750,000 Php. You paid 10% as the down payment and the remaining balance…

A: P= 675,000 (after down Payment) r= 0.4% (monthly) n= 10 yrs* 12months= 120 months Calculate interest…

Q: 1. What would have been the normal monthly payment for a loan like this?  R  Blank 1. Fill in the…

A: The monthly payment on a loan refers to the periodic repayment amount extended to the lender. Loan…

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Q: The First Common Bank has advertised one of its loan offerings as follows: “We will lend you…

A: Interest: It can be defined as the cost incurred by the borrower related to the amount borrowed.

Q: Mr samuel approached the arnett national bank for a 15,000 loan to purchase vehicle the bank charges…

A:

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A: A mortgage is a loan on a property where the collateral is the property itself.

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A: Effective annual return (EAR) is a financial measure that expresses the annual rate of return or…

Q: Ms. Althea Jordao purchases a home worth Php 1,200,000 with a down payment of 15%. Then she loan the…

A: Home worth = Php 1200000 Down payment  = 15% of 1200000 = Php 180000 r = 7.5% = 0.625% per month n =…

Q: A house price of $100,000 can be financed with two loans below with monthly payments. The total…

A: 1. Two-Loan Option: - $80,000 first loan at 5% for 30 years.   - Second loan: $10,000 for 30 years…

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Q: Calculate the loan principal.

A: We can determine the loan amount using the formula below:

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A: If car is financed over 3years, the payment is P(3)=$1002.77 It's meaning is that, the couple has to…

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A: The amortization refers to the systematic repayment of loan and interest amount. Repayment is an…

Q: You pay a visit to your local payday loan company and you need to borrow £1000 for 1 week. They…

A: weekly Amount borrowed = £1000 Finance charge rate = 10% Number of week in a year = n = 52.1429

Q: You want to buy a $130,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…

A: Down payment: When an asset is bought or a loan is taken, there would be some token amount that…

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A: A loan is a financial agreement in which a lender gives a borrower a certain sum of money; the…

Q: You purchased a second-hand car worth ₱ 420,000 if paid in cash. You were able to negotiate with a…

A: given, price of car = P420,000 downpayment = 20% n = 4 years r=1.5% per month m=12

Q: Use an online loan calculator to determine the regular payment amount, rounded to the nearest…

A: The long-term loan that was obtained from the lender is being repaid in monthly mortgage…