1. Mr. Sosa borrowed Php. 1,500,000 for the purchase of a car. If his monthly payment is Php.27,000 on a 5-year mortgage, find the total amount of interest.
1. Mr. Sosa borrowed Php. 1,500,000 for the purchase of a car. If his monthly payment is Php.27,000 on a 5-year mortgage, find the total amount of interest.
2. A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded quarterly. Find the value of the loan.
3. Marilyn owns 1,000 shares of a company at Php.840 per share. She also owns 10,000 shares of another company at Php.240 per share. In which company is the total value of her share greater? Explain.
4. On October 30, 2015. Tess bought 500 shares ACTS stock for Php.640 per share. On November 15, 2016, ACTS paid a Php.620 dividend per share, and on January 15, 2017, she sold the stock for Php.677.80 per share. Dis Tess gain or lose on the investment? How much money did she gain or lose in the investment?
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