Money borrowed today is to be paid in 6 equal payments at the end of six quarters. If the interest is 12% compounded quarterly, how much was initially borrowed if the quarterly payment is P 2000.00?
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Money borrowed today is to be paid in 6 equal payments at the end of six quarters. If the interest is 12% compounded quarterly, how much was initially borrowed if the quarterly payment is P 2000.00?
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- MONEY BORROWED TODAY IS TO BE PAID IN 6 EQUAL PAYMENTS AT THE END OF 6 QUARTERS. IF THE INTEREST IS 12% COMPOUNDED QUARTERLY, HOW MUCH WAS INITIALLY BORROWED IF THE QUARTERLY PAYMENT IS P2,000.00?A loan is released today to be paid in 6 equal payments at the end of 6 quarters. If the interest is 16% compounded quarterly. How much is initially borrowed if quarterly payment is P2,500.00Money borrowed today is to be paid in 7 equal payments at the end of each quarter. If the interest is 1% compounded quarterly, how much was initially borrowed if quarterly payment is P 23,758?
- How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid in 6.4 years if the interest charged is 6.98% compounded quarterly?. If the sum of P12,035 is deposited in an account earning interest at the rate of 9% compounded quarterly, what will it become at the end of 8 years?Suppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month installments for 9 years with a nominal interest rate of 0.114 compounded monthly. What is the amount of each payment?
- what is the present worth and future of P6000 deposited at the end of every month for 4 years if the interest rate is 12% compounded quarter? a) what is the present worth? b) what is the future worthAn interest rate of 6% compounded semiannually is equivalent to what rate compounded monthly?If $635 is borrowed for 220 days at 7.65% simple annual interest, how much will be repaid at the end of 220 days?
- Money borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is 12% compounded quarterly, how much was initially borrowed if quarterly payments is Php2,000? A. P10,834.38 B. P10,382.90 C. P10,586.99 D. P10,200.56A loan of P50,000 is to be amortized by paying quarterly in 1 year. If money is worth 10% compounded quarterly, how much is the monthly installment? a. P13,648.90 b. P11,589.57 c. P12.765.50 d. P13,290.89Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12% converted monthly. 1. How much is the outstanding balance after the 36th payment? 2. How much of the 37th payment goes to pay the interest the principal?
