Question

4. To pay off a Php. 100,000.00 loan, it is required
that 20 semi-annual payments that

increase by Php. 500.00 be made. Determine the amount of the first
payment if it due six

months after the loan is made and interest is 7% compounded
semi-annually.

Answer #1

The answer has been presented in the supporting sheet.

A 20-year loan requires semi-annual payments of $1,333.28
including interest at 10.75% compounded semi-annually. What is the
original amount of the loan and what will be the balance of the
loan 8 ½ years later (just after the scheduled payment)?
*Require formulas/written out and not spreadsheet. Thank
you.

A borrower had a loan of $60,000 at 5% compounded annually, with
7 annual payments. Suppose the borrower paid off the loan after 4
years. Calculate the amount needed to pay off the loan.
The amount needed to pay off this loan after 4 years is
$____?

Annual payments of $5200 are required on an $75,000 loan
beginning at the end ofnthe first period at 8.0% compounded
annually.. Calculate the balance owing after Payment 5.Interim
calculations should be to six decimal places; final answer to the
nearest cent.

A
debt of 15,000 with interest at the rate of 20% cpd semi-annually,
is to be amortized by 5 equal payments at the end of each 6 months,
but the first payment is to be made after 3 years. Find the
semi-annual payment and construct the amortization schedule.

In a series of semi-annual payments of P13871 each, the first
payment is due at the beginning of 5 years and the last at the end
of 12 years and 6 months. If money is worth 6% compounded
semi-annually, find the present value of the deferred annuity.
Please show the complete solution. Thanks

You borrow $10,000 on January 1 and agree to pay off the loan
with 10 annual end-of-year payments. Your annual effective interest
rate is 5%. Complete the loan amortization table shown below for
payment number 5 and payment number 6.
Payment number Payment Amount
Principal Interest Loan Balance After Payment
5
6

Your friend will loan you the money you need today if you agree
to make payments of $110 a month for the next 18 months. The friend
requires that the first payment be made today (i.e. immediately
after the loan amount is disbursed). The friend charges you
interest at 21.00% compounded semi-annually. How much money are you
borrowing today?
Question 3 options:
$1,725
$1,768
$1,811
$1,854
$1,898

You borrow $70,000 and arrange to pay off the loan in five equal
annual installments.
Payments will be made at the end of each year. The loan interest
rate is 7.50 percent.
What percentage of your second year's payment will go toward
interest?
A.
19.5 percent
B.
17.2 percent
C.
80.5 percent
D.
28.7 percent
E.
25.1 percent

A demand loan of $6000.00 is repaid by payments of $3000.00
after two years, $3000.00 after four years, and a final payment
after seven years. Interest is 6% compounded quarterly for the
first two years, 7% compounded semi dash annually for the next
two years, and 7% compounded quarterly thereafter. What is the
size of the final payment?

A demand loan of $8000.00 is repaid by payments of $3500.00
after two years, $3500.00 after four years, and a final payment
after eight years. Interest is 7% compounded monthly for the first
2 years, 8% compounded semi-annually for the next two years, and
8% compounded quarterly thereafter. What is the size of the final
payment?

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