years ses to pay Ph How much is the payment on the fourth year if money is worth 16% compounded quarterly? r. Ferolin has two financial obligations to Mr. Ang One obligation is worth Php20, 000 due in 2 years and another Php60,000 which ourth year will settle all his debts to Mr. Agustin? Assume that money is worth 10% compounded semi-annually? invests SGDS2 000 for vOur college tuition at an annual interest rate of 13% compounded continuously, calculate the fina
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A: Formulas:
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A: Kindly refer the image attached below for solution.
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- Edward borrowed an amount to his friend and promised to pay the principal amount and accumulated interest within 8 years at a simple interest rate of 15.118%. As what was agreed upon, Edward must pay two separate payments, one at the end of 3 years with an amount equivalent to half of the loan and the interest accumulated for the first 3 years, and a final payment at the end of 8 years. If he paid a total amount of P15.855 on his first payment, determine the following: Determine the total principal amount borrowed. Amount paid at the end of 8 years. Accumulated interest at the end of 3 years.Kim owes Php40,000, due with accumulated interest at the rate (06, m = 4) at the end of 5 years and 3 months. What is the value of this obligation two years before it is due to a man to whom money is worth (.06, m= 1) Miles owes the following obligations: (a) Php50,000 due after 3 years, and (b) Php 75,000 due after 4 years with accumulated interest at (0.06, m = 2) He paid Php90,000 at the end of 2 years. What single additional payment should he make at the end of 4 years to cancel his obligations if money is worth (06, m = 4) to his creditor? Julia owes Luis Php20,000 due after 3 years and Php 30,000 due after 3 years and 6 months. She intends to pay with equal amounts at the end of 2 years and 4 years. What equal payment will discharge these debts if money is worth (0.06, m = 2)?Harry borrowed an amount of money from Donna . He agrees to pay the principal plus the interest by paying 38 937.76 Php each year for three years . How much money did he borrow if the interest is 8% compounded quarterly ?
- Mr. Ramos buys a house and lot that cost P450,000. He pays P75,000 as down payment and promises to pay the balance by monthly installment for 25 years. If money is worth 12% compounded monthly, a. How much is the monthly amortization? b. What is the outstanding balance at the end of 15 years? c. What part of Mr. Ramos payment goes to the interest? d. What part of the 181st payment goes to repayment of the principal? e. Find the total interest paid on the transaction? Please do on excelPedro 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. The question is: What will be the amount of his monthly amortization?3. Mr. Ramirez borrowed P150,000 to be amortized in 2 years by monthly equal payments. If Mr. Ramirez missed the payments during the first year, what amount must he pay in the following month to liquidate alIl his indebtedness if money worth 12%?
- Jake borrowed P40,000 from Mike. He promised to pay the principal amount plus the interest at the end of 2 years. If Mike charged him 3 and 3/4 % compounded monthly , how much should Jake pay to Mike?3. Mr. Ramirez borrowed P150,000 to be amortized in 2 years by monthly equal payments. If Mr. Ramirez missed the payments during the first year, what amount must he pay in the following month to liquidate all his indebtedness if money worth 12%?Eva obtained a loan fee of Php50,000 for the tuition of her son. She has to repay the loan by equal payment at the end of every six months for 3 years at 10% interest compounded semi-annually. Find the periodic payment. Write in Amorzation Schedule
- 16. Hanson borrows GHC 900.00 from Kwesi and the same amount from Mingle to start a business. He agrees to pay Kwesi 15% of the profits of the business cach year. He also agrees to pay Mingle 10% of the annual profits in addition 3% interest on his loan each year. a. Find how much Kwesi is paid in a year in which Mingle receives GHC 48,000.00 b. How much is Kwesi paid a year in which he receives GHC 12,750.00 more than Mingle?Freddy agreed to make quarterly payments of $781.25 for 4 years on a loan of $10,000. What simple interest rate is he paying?Holden borrows $209,433 from a financial institution with equal end-of-year payments of $24,600. If the annual interest rate is 10%, how long will it take for him to pay the loan and its interest back? 10 years 15 years 20 years 25 years