1.A mother purchases a piece of furniture for 25,000 pesos. She pays a 20% down payment and agrees to pay the remaining balance in 12 equal monthly payments. Find the finance charge on the balance if the simple interest rate is 6%.

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2.What is the effective rate for an account paying 7.2% compounded monthly?

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3.A car costing 1.2M pesos is to be paid off by monthly payment over five years at a 10% annual interest rate. The sales tax 6% of the purchase cost and the down payment made is 120,000 pesos. How much is the monthly amortization?

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4.How much should be invested today in order to obtain 200, 000 pesos in five years at 6.5% compounded quarterly?

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5.A computer equipment has an original cost of 650,000 pesos with a scrap value of 50,000 pesos at the end of eight years. What semi annual payment must set aside into a sinking fund to replace the equipment in eight years if the interest rate is 4% compounded semi-annually? Assume a 2% inflation rate.

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6.A house and lot costing 2.3 pesos will be amortized by monthly payments at a 12% annual interest rate. What is the monthly amortization if the payment term is 12 years?

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7.You want to pay off the loan on your motorbike that you bought 23 months ago. Your monthly payment is 8,200 pesos on a 3 - year loan at an annual interest rate of 9%. Find the payoff amount (remaining balance).

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8.A manufacturing company invest at a 3% interest rate in 100 - day Treasury bill with a face value of 2M pesos. The service charge cost 1,500 pesos. Compute for the cost of the Treasury bill.

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9.What is the dividend paid to a stockholder who has 100 shares of stocks that pays an annual dividend of 53 pesos per share?

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10.A mutual fund has a total asset of 680M pesos and total liabilities of 38M pesos. If the company has 545,000 outstanding shares and you plan to invest money worth 1.5M pesos. How many shares should you receive?

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