A debt of P100,000 with interest at the rate of 16% compounded annually is to be amortized by 3 equal payments at the end of the year, the first payment is to be made after four years. *** Type only the letter of the correct answer. The annual payment is: A. P 69,500.12 B. P 80,620.14 C. P 48,881.05 The outstanding principal at the beginning of the 3rd period is: A. P 125,971.20 B. P 134,560 The principal repaid at the end of the last period is: A. P 59,913.90 B. P 45,260.23 C. P 156,089.60 The outstanding principal at the beginning of the 5th period is: A. P 87,167.85 B. P 136,048.90 C. P 181,064 C. P 41,907.62 D. P 45,260.23 D. P 116,640.00 D. P 111,563.82 D. P 69,500.13
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- Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest rate was 4% compounded annually. Halep Inc. will make payments of $8,264.70 at the end of each year. Prepare an amortization table showing the principal and interest in each payment.1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after. a. P 5,300.75 b. P4,333.65 C. P 5.322.55 d. P4,200.11 2. Using the data in Problem no. 1, construct an amortization schedule showing the principal at the beginning of the year, the annual interest, annual payment and the principal repaid.A debt of P10,000 with 10 % interest compounded semi-annually is to be amortized by semi-annual payment over the next 5 years. The first due in 6 months. Determine the semi- annual payment. A. P1,200 B. P1,295.05 C. P1,193.90 D. P1,400.95
- The debt is amortized by the periodic payment shown. Compute (a) the number of pa indicated. Debt Principal Debt Payment $15,000 $1348 Payment Interval 3 months Interest Rate 10% Conversion Period quarterly Outs Princi 8th ... (a) The number of payments required to amortize the debt is (Round the final answer up to the nearest whole number. Round all intermediate valueA DEBT OF P10,000.00 WITH 10% INTEREST COMPOUNDED SEMI-ANNUALLY IS TO BE AMORTIZED BY SEMI-ANNUAL PAYMENTS OVER THE NEXT 5 YEARS. tHE FIRST DUE IS IN 6 MONTHS. DETERMINE THE SEMI-ANNUAL PAYMENTS. a.P1,400.45 b.P1,295.05 c.P1,193.90 d.P1,200.002 A debt of P75,000 is to be amortized by giving payment of P15,000 at the end of each quarter at 3% simple interest every quarter. Construct the amortization schedule. а. Amount Payment Number of Payment Payment on Interest Payment on Principal Balance b. How much of the third payment is allotted for the interest? c. How much of the third payment is allotted for the principal? d. How much is the balance after the third payment? How many payments are needed to settle the debt? е. f. How much is the concluding payment? g. Find the total interest to be paid.
- A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. 1. What is the balance remaining (BAL) after the first payment? 2. What is the principal repaid (PRN) in the first period? 3. What is the interest paid (INT) in the first period?. A debt of P56,000, with interest at 5% compounded monthly, will be discharged, interest included, by monthly payments of P500 for as long as necessary, Find: a. the number of regular payments; b. the outstanding principal after 4 years; c. the final or concluding payment.A man owes Php 15,000 with interest at 8% payable semi-annually. Equal payments at the beginning of each 6 months for 4 years will discharge his debt? What is the Outstanding principal at the beginning of the period 3. (Hint: Construct an amortization schedule.) a.Php 15,253.465 b.Php 12,345.678 c.Php 13,265.735 d.Php 11,229.855
- A debt of $12, 100 with interest at 7% compounded semi-annually is repaid by payments of S1, 750 made at the end of every 3 months. Construct an amortization schedule showing the total paid and the total cost of the debtProblem: A debt of P2,000 will be discharged, interest included, by equal payments at the end of each month for 3 years. If interest is payable monthly at the rate 5% (using the computation of r = .05/12 = .0041667), find: %3D A. the outstanding principal at the beginning of the 3" year? B. the interest paid on the 30h payment date?1. 5 years with 8% interest compounded annually. Complete the table for a compound interest involving P 50 000 loaned for a period of Principal at the start of INTEREST Amount (at the end of the year) the year 1t Year P50,000 P50,000x0.08x1= P4,000 P50,000+P4,000= P54, 000 2nd Year 34 Year 4th Year 5th Year