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?
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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?
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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?Money 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?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 P2,500.00
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- In a certain account providing an interest rate of r compounded quarterly, P2, 500 is deposited every end of the quarter. What value of r will make the future value of the account P5, 200 in six months?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. P10,200.56Consider 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?
- How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the discount rate is 9%. How much is the proceeds after deducting the interest?If $635 is borrowed for 220 days at 7.65% simple annual interest, how much will be repaid at the end of 220 days?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 worth
