. Determine the exact simple interest on P1,000 for the period from January 10 to December 31, 2012 at 12% interest rate. What is tho princinal omount if
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Q: the interest and the accumulated amount
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Q: . Determine the exact simple interest on P1,000 for the period from January December 31, 2012 at 12%…
A: P = 1000 t = 1year ( January to December 31 ) Rate of interest ,r = 12% = 0.12
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- Determine the effective interest rates corresponding to the nominal rates: (a) 7% compounding monthly, (b) 16.5% compounding monthly, (c) 6% compounding semiannually, (d) 9% compounding quarterly.. Determine the exact simple interest on P 5,000.00 for the period from May 16 2016 to October 18, 2022 if the rate of interest is 15%Determine the equivalent amount pf money at the beginning of the second year if interest is 6% per year, compounded monthly
- $20,000.00 borrowed today for 2 years at 5% Compound Interest will result in how much total interest (I) at the end of Year 2? a) $2000.00 b) $2050.00 c) $20,000.00 d) $22,000.00For a nominal rate of 6% compounded semi-quarterly for 8 years in an ordinary annuity, compute the following: 1. Sinking fund factor. 2 Present worth factor. 3 Capital recovery factor.John-X Corporation borrowed P9,000 from Bell-Z Corporation on Jan. 1, 1978 and P12,000 on Jan. 1, 1980. John-X Corporation made a partial payment of P7,000 on Jan. 1, 1981. It was agreed that the balance of the loan would be amortized by two payments, one on Jan. 1, 1982 and the other on Jan. 1, 1983, the second being 50% larger than the first. If the interest rate is 12%, what is the amount of first payment?
- Compute the future value of the following deposits made today:a. $10,000 at 6.75% compounding annually for 10 yearsb. $10,000 at 6.75% compounding quarterly for 10 yearsc. $10,000 at 6.75% compounding monthly for 10 yearsThe Present Worth of an Annuity is period(s) to the of the first Annuity cash flow arrow a) one, right b) one, left c) two, right d) two, leftHow much is the interest and the accumulated amount that will be paid on a P 35,750 loan that was made on May 1, 2002 and repaid on August 1, 2005 with exact simple interest at 6.34% per year.
- 5. A Php200000 loan was originally made at 8% simple interest for 4 years. At the end of this period, the loan was extended for 3 years, without the interest being paid, but the new interest rate was made 10% compounded annually. How much should the borrower pay at the end of 7 years?Determine the accumulated and the discounted value of $1000 over 55 days at 7% using both ordinary and exact simple interest. (Do not round intermediate calculations. Round your answers to 2 decimal places.) S Ordinary interest S Exact interest $Determine the monthly payments for a five-year, $10,000 loan at an interest rate of 8% compounding monthly.