Ancog purchased a parcel of land somewhere in Brgy Tignapoloan. She paid P150,000 for the down payment and agreed to pay P20,000 every 3 months for the succeeding 10 years. Assuming that the seller’s interest is at 10% compounded quarterly.  What was the cash price of the lot? If Engr. Ancog was not able to pay for the first 12 payments, what amount should she pay at the time the 13th is due to bring her payments updated? After paying for 8 payments, Engr. Ancog wants to pay the entire remaining amount by a single payment at the time when the 9th regular payment will be due. How much should she pay including her 9th payment?

Q: Jane bought a $3,000 audio system and agreed to pay for the purchase in 10 equal annual installments…

A: Calculate the interest rate implicit in the agreement.

Q: While buying a new car, David made a down payment of $800 and agreed to month-end payments of $280…

A: The loans are paid by the equal monthly installments that carry the payment for interest and payment…

Q: A housewife bought a brand new washing machine costing P12,000 if paid in cash. However, she can…

A: Present value of annuity due can be used to calculate the periodic payment.

Q: A woman paid $98,000 down for a house and agreed to pay 18 quarterly payments of $4,100 each. If…

A: The present value of an annuity is the current worth of a series of cash flows at a certain rate of…

Q: Polly purchased a car. She paid ₱150,000.00 as down payment, and ₱5,500.00 payable at the beginning…

A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…

Q: Panpan purchased a car. She paid ₱150,000.00 as down payment, and ₱5,500.00 payable at the beginning…

A: In order to find the cash price of a car it is important to find the present value of it.

Q: Mang Moises needed a refrigerator for his canteen. The refrigerator, which costs P:26,000, may be…

A: In financing, amortization is the amount of loan, in which principal loan paid according to the…

Q: Mr. Jefferson had a new heating system installed in his office. The balance owing to the heating…

A: Given, Balance owed is $22,000 Nominal rate is 3.08%

Q: Mr. Jimenez buys a parcel of land worth P550,000. He pays a P50,000 down payment and the remaining…

A: The question is based on the concept of Financial Management.

Q: Hange Zoe borrowed money to upgrade their battle equipment of Survey Corps in the lending company in…

A: First obligation (L1) = P 225000 after 1 year r1 = 10% Second obligation (L2) = P 320000 after 2…

Q: M purchased a small lot in a subdivision. paying P200 000 down and promising to pay P15 000 every 3…

A: Computation of cash price: When down payment, installment, and interest rate is given then the…

Q: 1. Mr. Teves bought a property on sale with a P200,000 down payment and twelve equal monthly…

A: Down payment = P 200,000 Monthly payment = P 10,000 Number of monthly payments = 12 First payment =…

Q: Scott purchased a car using a 3-year car lease at 7.10% compounded quarterly that required her to…

A: Present value of annuity due Present value of annuity due is applied to find out the value of an…

Q: Recently, Glenda Estes was interested in purchasing aHonda Acura. The salesperson indicated that the…

A:

Q: Mrs. Castro bought a computer set for Php32,000.00 to be paid equal payments at the end of every…

A: Amortization is a technique used to periodically write down the value of either a loan or an…

Q: Engr. Fernandez bought a brand new mini ipad costing P38,000 if paid in cash. However, she can…

A: Installment in consumer finance is given by PV = E(1-(1+r)-p)/r Where E = annual instalment =? r =…

Q: Zhong Xi Na purchased a lot worth Php 1,300,000 at 12% interest, payable in 5 years. If he paid Php…

A: Purchase price is Php 1,300,000 Interest rate is 12% Time period is 5 years Down payment is Php…

Q: Mr. Lee purchased a small condominium. He paid P350,000 as down payment and agreed to pay P35,000…

A: Excel formula:- Note:- Interest is included in the 6th payment.

Q: Polly purchased a car. She paid P150,000 as down payment and pays P5,500 at the end of each month…

A: Polly purchased a car and paid ₱ 1,50,000 as the down payment and thereafter pays ₱ 5500 at the end…

Q: In the purchase of a rice cooker, a buyer pays P 200 cash, and he will discharge the balance,…

A: Cash price of the rice cooker will be equal to the sum of down payment of P200 and present value of…

Q: When Albertina opened her law office, she bought $13,000 worth of law books and S6800 worth of…

A: We need to find the payment made each period. Given; r =11% n = 6 years

Q: Asim bought a cottage property near lake Huron for quarterly payments of $2470.00 for 18 years. If…

A: The given problem can be solved using PV function in excel. PV function computes loan amount for…

Q: A woman paid 20% down payment of P300,000 for a house and lot and agreed to pay the balance on…

A: given, price = p300,000 downpayment = 20% r=15% m=12 (monthly compounding) pmt = p 33,396.51

Q: Reymond agrees to make equal payments at the end of each year for 10 years to pay all interest and…

A: We will calculate the annual payment using the present value formula. Following Values are given in…

Q: Jenna bought a new car for $⁢39,000. She paid a 10% down payment and financed the remaining balance…

A: Monthly mortgage payment: The monthly mortgage payment is the repayment of a mortgage loan by paying…

Q: Timothy purchased a car for $21,500 on the first day of December. He immediately paid $8000 and also…

A: Cost of Car = 21500 Immediate Payment = 8000 Periodic Payments = 7000 Number of periodic payments =…

Q: Sylvie Cardinal bought a business for $45 000. She made a down payment of $10 000 and agreed to pay…

A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: Jones purchased a cottage, paying $30 000 down and agreeing to pay $1800 at the end of every month…

A: Loan is contract between lender and borrower where lender provide funds to borrower for definite…

Q: Maria agreed to pay Php100,000.00 down payment and Php 50,000.00 bi-monthly installments for the car…

A: The term loan is a financial term that represents the amount borrowed by one person from another.…

Q: Mrs. Parker bought a computer set for $32,000 to be paid in equal payments at the end of every 3…

A: Computer price (PV) = $ 32000 Interest rate = 8% Quarterly interest rate (r) = 8%/4 = 2% Period = 1…

Q: Jeffrey secured a 3-year car lease at 5.60% compounded annually that required her to make payments…

A: Solution Given Rate of interest 5.60% compounded annually Number of period 3 year…

Q: Stacey purchased a car for $58,300; she paid 5% of the cost as a down payment and finance he balance…

A: The loans are paid equal end of the period payments and these periodic payments carry the payment…

Q: If Ellen won $250,000 the last week in February, 1996 and invested it by March 1, 1996 in a "sure…

A: Amount invested = $250000 in 1996 Interest rate (r) = 8% Let A = Annual withdrawal from 2004 n = 15…

Q: Mr. Harrington had a new heating system installed in his office. The balance owing to the heating…

A: Here,

Q: A woman paid $92,000 down for a house and agreed to pay 18 quarterly payments of $4,200 each. If…

A: Given:

Q: When Albertina opened her law office, she bought $19,000 worth of law books and $6500 worth of…

A: Given: Total cost = $19000 for law books + $6500 for furniture = $25500  Down payment =$1700 So,…

Q: A person bought a car for JD20,000 he payed JD5,000 immediately while the remaining amount will be…

A: A loan is a financial arrangement between two parties in which one party (i.e., lender) provides…

Q: Mr. Dela Cruz bought a piece of property for Php100,000 downpayment and 10 deferred semiannual…

A: Down payment = Php 100,000 Semi annual payment = Php 8,000 Number of semi annual payments = 10 First…

Q: Ms. Callie paid Php200,000 as down payment for a farm. The remaining amount is to be settled by…

A: "Since you have asked multiple questions, we will solve the first question for you". If you want any…

Q: Lupé made a down payment of $7000 toward the purchase of a new car. To pay the balance of the…

A: Given information: Down payment of $7,000 Interest rate is 9% compounded monthly Annuity payment is…

Q: balance at 3.80% compounded monthly. Mr. Harrington will make a payment of $7000 4 months from now…

A: Periodic Interest rate (i) is the rate of interest after considering the compounding periods. It is…

Q: Benjie purchased a house and lot. He paid P500,000 as a down payment and was required to pay P10,000…

A: The present value is the present worth of the payment that will be paid or received in the future.

Q: Jane bought an audio system and agreed to pay for the purchase by making four equal annual…

A: The total cash payments of $4,200 are the sum of the total amount of installment paid in 4 years,…

Q: Jane bought an audio system and agreed to pay for the purchase by making five equal…

A: The cost of the audio system is the present value of the cash payments. The present value of the…

Q: Maricar bought a split type inverter aircon which costs P33,500 in an installment basis . How much…

A: It can be calculated using rate formula in excel. =RATE (nper, pmt, pv, [fv], [type], [guess])…

Q: Henry purchased farm machinery and would pay P150,000 at the end of every 6 months for 5 years with…

A: Semi annual payment = P 150,000 Period = 5 Years Number of semi annual payments = 5*2 = 10 Annual…

Q: Mr. Bill purchased a new house for 110,000. He paid 20,000 down and agreed to pay the rest over the…

A: An individual can take a loan to finance the purchase of an expensive item, such as a house,…

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.