Alma borrowed some money from a friend two hundred and seventy-five days ago at a simple interest of 12%. If she pays her friend P25,000 now, how much did Alma borrow narlier?
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- 9. While Jack was a student at the University of Georgia she borrowed $12,000in student loans at an annual interest rate of 9%. If Jack repays $1,500 per year then how long (to the nearest year) will it take him to repay the loan?Mr. Mallari borrowed P200, 000. The terms of the loan are 10% interest for 10 years with uniform payments. He just made his third annual payment. How much principal does he still owe?URGENT! PLEASE WRITE LEGIBLE. Question Suppose we deposit $1500 into an account that pays a simple interest rate of0.5% each month. Find the amount of interest earned at the end of 3 years?
- 7. Sharon borrowed P3400 from a bank which charged the rate of 8% from February 16, 2004 to April 18, 2005. Calculate the amount and interest she paid?Suppose you deposited $200 at the end of every year for seven years in an account that earned 6% annual effevtive interest. At the end of seven years, how much would the account be worth?14. What is the nominal value of the interest compounded continuously for a period of 3years if the value of the uniform series present worth factor is 2.038?
- Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.Michelle borrows 5,000 for 6 years at 8% rate. At the end of 6 years, she decided to renew the loan for the amount due plus 3,000 more for 2 years at 8%. What is the lump sum due?Alex wishes to have P 800,000.00 available to buy a car in 4 years. How much should he deposit in a savings account at the end of each month now so that he will be able to have his dream car after 4 years? The bank pays 10% interest compounded quarterly.
- 1.9 deposits increasing at a constant rate of 2.7% are made at the end of each year. The first deposit was 1349 and fund earns 5.1% compounded annually. What is the future value of the periodic constant growth payments? Answer to two decimals, do not use $ signs or commasYou borrowed an amount of $15,000 and paid it $20,223 in 3 years. If the interest rate was compounded monthly, what is the nominal interest rate?Enrico Suarez has decided to purchase a house instead of renting anapartment. He can a ord a monthly payment of $800, and he has saved $6,000 to use as a down-payment on a house. If the mortgage is 4% nominal interest (compounded monthly) on a 30-yearloan, how much can Enrico a ord to spend on a house?