Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A man has a loan of 50,000 in a bank that gives 12% simple interest. How much is the interest if he plans to

1. A man has a loan of 50,000 in a bank that gives 12% simple interest. How much is the interest if he plans to pay after 5 years?

2. A man can save 10,000 per month for 2years, If the bank offers 5% compounded monthly, what is n?

3. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded quarterly? If he plans to pay after 6months, how much is the interest?

4. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded quarterly. How much will he pay quarterly for 5 years if he start paying on the day of his loan?

5. A man has a loan of 50,000 in a bank that gives 12% simple interest. If he plans to pay after 6months, what is t?

6. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded quarterly? If he plans to pay after 6months, what is n?

7. A man has a loan of 50,000 in a bank that gives 12% simple interest. If he plans to pay after 6months, what is r (in decimal form)?

8. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded semiannually? If he plans to pay after 6months, what is n?

9. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded semiannually? If he plans to pay after 6months, how much is the interest

10. A man can save 10,000 per month for 2years, If the bank offers 3% compounded monthly, what is r in decimal form?

11. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded monthly. if he can only pay 1500 every month, how many payments will he make?

12. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded monthly? If he plans to pay after 6months, what is n?

13. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded semiannually? If he plans to pay after 6months, what is t (in fraction form NOT in simplest form)?

14. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded quarterly. How much will he pay every 3 months for 5years?

15. A man can save 10,000 per month for 2years, how much will his money be if the bank offers 5% compounded monthly?

16. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded annually. How much will he pay yearly for 5years?

17. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded quarterly? If he plans to pay after 6months, how much is the interest?

18. A man has a loan of 50,000 in a bank that gives 12% simple interest. If he plans to pay after 6months, how much will he pay?

19. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded quarterly. He plans to pay every 3months for 5 years. what is r in decimal form?

20. A man has a loan of 50,000 in a bank that gives an interest rate of 12% compounded quarterly. He plans to pay every 3months for 5 years. what is n?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Decision Makers

Authors: Peter Atrill

9th Edition

1292311436, 978-1292311432

More Books

Students also viewed these Finance questions

Question

1. Organize and support your main points

Answered: 1 week ago

Question

3. Move smoothly from point to point

Answered: 1 week ago

Question

5. Develop a strong introduction, a crucial part of all speeches

Answered: 1 week ago