If a car selling company asked for ₱240,000 as a down payment for a ₱1.2 million worth of the car, how many percent was the down payment?
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. If a car selling company asked for ₱240,000 as a down payment for a ₱1.2 million worth of the car, how many percent was the down payment?
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- Because of the peso devaluation, a car costing P150,000 is to be purchased through a finance company instead of paying cash. If the buyer is required to pay P40,000 as down payment and P4,000 each month for four years, what is the rate on the diminishing balance?1. Rey was able to sell a car whose total contract price is Php810,000. He paid Php10,000 as reservervation fee and a down payment of 20% from the unit price which is to be deducted from the total contract price. The balance will be paid through a car loan from a bank.A. How much was the gross balance or the amount to be financed by the bank? B. How much is the current increased balance if the bank charges an interest rate of 12.5%? 2. Camba family was able to buy a house and lot worth Php4,250,000 which would be financed through Pag-ibig. Their agent gave them a discount of Php100,000. The required down payment was 25% of the net price.A. How much was the down payment paid by the buyer?B. How much was the gross balance or the amount to be financed through Pag-ibig?C. How much is the current increased balance if it charges an interest rate of 27%?1. A company is considering whether to purchase a new machine. Machines A and B are available for RM92,000 each. Earnings after taxation are as follows: Years Machine A (RM) Machine B (RM) 1 34,000 18,000 2 32,000 24,000 3 40,000 32,000 4 24,000 48,000 5 16,000 32,000 By using a discount rate of 10%, you are required to evaluate the two alternatives using the following: a. Payback method, and b. Net present value method. a.Payback method, and b. Net present value method.
- A brand-new car has a list price of ₱850, 000. The car dealer is giving a trade discount of 10% and requires a 20% down payment. The car dealer has an arrangement with a bank to finance the balance on the car. The term of the loan is 5 years. The bank is charging an interest of 6% per annum. a. Compute the net invoice price of the car.b. Compute the down payment needed and the balancethat will have to be financed by the bankc. How much will the monthly payment be? What portion of the monthly payment for the first month will go to interestand to principal? What about for the second monthly payment?d. Prepare an amortization schedule manually for the first half of the year.e. Using excel, prepare the amortization schedule for the first half of the first year.A person purchased an apartment for BRL 410,000. How much should he rent monthly to receive the equivalent of an investment in the financial market of 2.3% p.m.? The rental amount should be R$ ? R$ is BRL (monetary unit of Brazil)You have just purchased a new car! You made a down payment of $5,000 and financed the balance. According to the purchase agreement, you must pay $600/month for four years, beginning one month from today. The credit agreement is based on an annual interest rate of 12%. What was the cost of the car? Select one: O a. 6,822 O b. 22,784 с.27 ,784 d. 28,800 e. None of the above O
- A business is considering purchasing a piece of new equipment for $200,000. The equipment will generate the following revenues: Year 1: $50,000Year 2: $50,000Year 3: $50,000Year 4: $60,000The machine can be sold at the end of the year four for $25,000. Assume a discount of 8%. 3. Based on your above calculations, should they purchase the new piece of equipment? Why?transport company sets aside funds to maintain its trucks. It anticipates spending $3,000 on repairs in EOY 1, $2,000 in EOY 2, and $1,000 for the next 3 years. The interest rate is 10% per year. (4.10) a. What is the value of expenses if the interest rate is 0%? b. What is the present equivalent of the repair expenses at time 0? aninisl bapL c. What is the annual equivalent expense during years 1-5?A piece of equipment costs ₱365,000 including shipping, installation and taxes. The supplier assures a salvage value of ₱20,000 after 20 years. What is the annual straight-line depreciation charge?
- A delivery truck with a book value of $2,900 will be replaced with a new one costing $79,000. The trade-in allowance for the old truck is $14,000. If the firm's tax rate is 36%, what is the NICO for the new truck? O $49,075 O $68,996 O $72,202 O $64,190 none of theseA person is planning to purchase a car. A new car is costing rupees 3 lacs. The resale value of the car at the end of the year is 85% of the previous year. Maintenance and repair cost during the first year are rupees 10000 and they increase by 15 % every year. The minimum resale value of the car can be rupees 75000. (a) When should the car be replaced to minimize average annual cost? (b) If interest rate of 12% is assumed, calculate the average cost at the end of 10 years.A person is planning to purchase a car. A new car is costing rupees 3 lacs. The resale value of the car at the end of the year is 85% of the previous year. Maintenance and repair cost during the first year are rupees 10000 and they increase by 15 % every year. The minimum resale value of the car can be rupees 75000. (a) When should the car be replaced to minimize average annual cost? (b) If interest rate of 12 % is assumed, calculate the average cost at the end of 10 years.\ please explain properly thnku