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11, 12, 13, 14, 17 and steps how to solve these Thank you! 11. Sai purchased a house and lot worth Php 4,000,000. He paid

11, 12, 13, 14, 17 and steps how to solve these
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11. Sai purchased a house and lot worth Php 4,000,000. He paid a down payment of Php 800,000. He plans to amortize the loan of Php 3,200,000 by paying monthly for 20 years. The interest rate is 12% convertible monthly. How much is the monthly payment? A. Php 5,319.98 C. Php 35,234.76 B. Php 29,914.78 D. Php 5,256,342.40 12. Using the problem in number 11, what is the total interest paid? A. Php 5,319.98 C. Php 35,234.76 B. Php 29,914.78 D. Php 5,256,342.40 13. Using the problem in number 11, what is the principal component of the 51s payment? A. Php 5,319.98 C. Php 35,234.76 B. Php 29,914.78 D. Php 5,256,342.40 14. Using the problem in number 11, what is the interest components of the 51st payment? A. Php 5,319.98 C. Php 35,234.76 B. Php 29,914.78 D. Php 5,256,342.40 15. A loan of Php 425,000 is to be repaid in full after 3 years. If the interest rate is 9% per annum, how much should be paid after 3 years? A. Php 550,378.33 C. Php 356,430.00 B. Php 437,452.18 D. Php 286,907.00 16. If a car loan of Php 680,000 requires an 18% down payment, how much is the mortgage? A. Php 122,400 C. Php 383,060 B. Php 221,040 D. Php 557,600 17. A consumer loan of Php 200,000 is to repay in monthly installment for 1 year. How much is the monthly payment if money is worth 1-% converted monthly? A. Php 16,802.39 C. Php 100,814.36 B. Php 33,604.78 D. Php 201,628.72

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