According to the pricelist published in the website of Apple, the cash price of their latest model, Phone 12, costs 43,990 php. Using a credit card for the purchase gives an option to pay 1,902.44 php monthly for 24 months with an interest computed at 3.6% compounded monthly with no down payment needed. If this payment scheme was chosen for the purchase, how much interest was paid in buying the new iPhone model? A 1,902.44 php (B 1,896.75 php 1,668.57 php (D 1,775.78 php

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $621 per month…

A: Given information Amount deposit per month P=$621 Rate of interestr=6% compounded monthly.…

Q: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

A: The City Library has ordered a new computer system costing $158,000. The system will be delivered in…

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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Q: As part of your retirement planning, you purchase an annuity that pays 5.25 % annual  interest…

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Q: Suppose Ms. Levi would like to save Php 500,000.00 every month in a fund that gives 10% compound…

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Q: What amount of money will be required to pay back a loan of Php 78,400.00 at 12% compounded…

A: The amount is given by the formula A=P1+rnnt where n is the number of times interest is compounded,…

Q: To pay for his debt at 12% compounded semi- annually,Analuz arwena commuted for 8 quarterly payments…

A: Given interest : 12 % compounded semi annually. Total quaterly payments = php 24,491.28 To…

Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: The buyer of a lot pays Php. 50,000 cash and Php. 14,500 every month for 10 years. If money is 8%…

A: We will find out the required value.

Q: The annual interest rate on credit card is 24.99%. How long will it take to pay off an unpaid…

A: According to the guidelines I am answering only first question.

Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…

A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…

Q: Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for one year. The…

A: We need to find the present value of the loan. Given: Mrs. Dollie availed a cash loan that gave her…

Q: If money is worth 9% compounded annually, find (a) the present value of Php 24,000 due in 8 years…

A: Given that: Money worth 9% compounded annually. Future amount : Php 24000 Time : 8 years

Q: What is the annual interest rate on an account that earns $948 in simpleinterest over 36 months with…

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Q: A consumer loan of Php 80,000 is obtained that is due 3 months from now. If interest rate is 8%…

A: The given problem is to find the amount to be paid under the compound interest quarterly for time…

Q: 1. Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly.…

A: s per our guidelines we are supposed to answer?️ only one question. Kindly repost other question as…

Q: A man borrowed Php 120,000 and promised to pay The payment starts at "X pesos and the succeedin…

A: Introduction: The formula for compound interest is given by, A=P(1+rn)nt Where A is compounded…

Q: In order to save for his tuition fee, Ms. Snow decided to deposit Php 300.00 every month if the bank…

A: We will use compound interest formula on recurring deposits to find the answer

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid P 4,278 per month for five…

A: Engr. Velasco decided to subscribe in a globe promo which must be paid 4,278 per month for five…

Q: What amount must be deposited by a 20-year old student in a bank that pays 5% compounded annually so…

A: As A = P(1+r)t where A = final amount  P = Principal Amount  r = interest rate t = time

Q: What is the principal amount invested if the future value is 3,300 php invested at 10% interest…

A:

Q: The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: Given that, The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his…

Q: A man wishes to his son to receive Php 200, 000 ten years from now. What amount should he invest if…

A: Given:  Interest during the first five years=10% compound annually, and Interest during the next 5…

Q: a loan is to be repaid for 9 years that will start at the end of 5 years. if the interest rate is 5%…

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Q: What is the interest due if $500 is borrowed for 6 months at asimple interest rate of 6% per annum?

A: Given:     Principal (P) = $500     Interest rate (r) = 6 %     Time (t) = 6 month =612 year Simple…

Q: there is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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Q: Calculate the compounded amount if Miya deposited Php 30,000 in a bank which pays 8% compounded…

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Q: How much must be paid on the due date of October 20, 2020, on a loan of P80,000 made on December 5,…

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Q: At the end of each​ quarter, a 49​-year-old individual puts $1200 in a retirement account that pays…

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Q: Noreen Leung has agreed to purchase her partner’s share in the business by making payments of $1,100…

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Q: how much will amortize a product with a down payment of 3,000 Php for a monthly payment payable for…

A: Given Price = 21,000 and 15% discount  time = 2 years

Q: At what simple interest rate (in 4 decimals) will you have an interest of PhP 756 and a maturity…

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Q: At what interest rate will the Php 13,250 amounted to Php 17, 500 from March 5, 2000 , to April 5,…

A: Given Principle (P) = Php13250 Amount (A) = Php17500 Here time from March 5, 2000 to April 5, 2020…

Q: What is the interest rate being charged to Mr. Ramirez who applies a loan amounting to Php 170,476…

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Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

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Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

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Q: Ali wishes to replace payments of $1050 due today and $1250 due in 22 months by a single equivalent…

A: Amount for the principal P, rate r, time t and compounding factor n is calculated by,

Q: 2. In what time wilI Php. 875.00 double itself at the rate of 7% simple interest?

A: We will find out the required value.

Q: ​(a) When the individual reaches age​ 60, what is the value of the​ account? ​(b) If no further…

A: n = 9 investment = 1100 interest = 9.1% compounded quarterly   ​(a) When the individual reaches age​…

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: There is much folklore regarding the purchase of an island in 1626 from a Native American tribe.​…

A: here annual interest is 5%,. r=5% price of island was $24. time =2005-1626+1=380 year.  compound…

Q: A cellular phone may be purchased at 1,500 php payable monthly for 18 months. The first payment is…

A: Calculate the rate of interest at which the installment is paid. r=12100×18=0.0067%

Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

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Q: Approximately how long will it take Php 1,000 to accumulate to atleast Php 1,200 at 13 1/2% simple…

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Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

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Q: Maria invested php 175,000 in a savings account that pays 0.3% simple interest annually. Assuming…

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Q: In what time will Php 15,000 amount to 30,000 if simple interest is calculated at 9.5% per annum?

A: Given Principle (P) = Php15000 Amount (A) = Php30000 Rate (R) = 9.5%

Q: Now, a vendor borrowed money to be paid in 10 equal payments for 6 quarters. If the interest rate is…

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