Mr. Rabutan borrowed P150,000. He agrees to pay the principal plus interest by paying an equal amount of money for 2 years. What should be his monthly payment if interest is 5% compounded annually? a. P8,895.45 b. P6,573.25 c. P5,786.25 d. P4,458.52
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- Lance borrowed an amount of money from a lender. He agrees to pay the principal plus interest by paying P39,973.76 each year for 3 years. How much money did Lance borrow if the interest is 8% compounded quarterly? a. P90,000 b. P100,000 c. P120,000 d. P130,000A man borrows S195,500 from a bank with interest at 7% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 yearh. Find the annual payments. S60,203 b. S60,354 4. $60,487 d. S60,589 e. $60,758Joshua borrowed P250,000.00 with interest at the rate of 5% compounded semi-annually. He agrees to discharge his obligation by paving a series of 8 equal semi-annual payments, the first being due at the end of 5 1/2 years. Find the semi-annual payment. O a. P68,006.38 O b P63,006.38 О с. P63,060.38 O d. P63,600.38
- Mr. Aragon loans P200,000 from a bank with interest at 6% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 yrs. Find the annual payments. a.P55,413.37 b.P54,314.37 c.P54,413.37 d.P45,413.37A businessman borrowed P300,000 with interest at the rate of 6% compounded annually. He agrees to discharge his obligation by paying a series of 6 equal annual payments, the first being due at the end of 5th year. a. What is the value of the annual payments? b. What is the sum of all his payments? c. What is the actual interest that he paid?1. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment? ANS. 162,378.06
- Mr. Cruz borrowed P50,000.00 with interest at the rate of 15% payable annually. The debt will be paid, principal and interest included by equal installments at the end of each year for 5 years. Compute the annual payment. O a P14,951.78 O b. P14,915.78 O c. P14,195.78 O d. P14,591.783. 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%?Mr. Eden borrows from the bank P600,000 at 12% pa, agreeing to pay the loan in 15 equal quarterly payments. What should the payments be if the first payment is to be made six months from now?a. P51,767.74 b. P P54,920.40 c. P53,320.78 d. P56,568.01
- Jake is paying P2,500 every 3 months for the amount he borrowed at an interest rate of 8% compounded quarterly. How much did he borrow if he agreed that the loan will be paid in 2 years and 6 months? a. P24,652.45 b. P25,890.50 c. P22,456.46 d. P23,897.363. 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%?A man loans P187,400 from a bank with 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.