Compute the simple interest using four methods

Assignment Help Finance Basics
Reference no: EM133075108

1. On February 19, 2020, Trisha borrowed P50,000 from a community cooperative at 9% simple interest. The loan is payable on September 12, 2020. Compute the simple interest using the four methods. How much will be the maturity value if the Banker's Rule is used?

2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund accumulated to P12,630. How much was the amount originally invested?

3. Mr. Tan borrowed P15,000 from the faculty fund at 13.25% simple interest for 210 days. How much would he repay at the end of the term if he is charged exact interest?

Reference no: EM133075108

Questions Cloud

Resources available to users : GTR has asked you to advise them on resources available to users.
What is the nominal value of the first payment : On 5 October, someone in California bought the winning ticket for Powerball, whose prize was described as $699.8 million. The lucky winner gets 30 annual paymen
Modern programming : Describe gates and their usage in the modern programming. Give examples of gates as an illustration
Market prices of at-the-money call options : Consider a stock which is currently selling at $4.5. The stock price will either go up to $5 + x with probability 0.5 or go down to $5 - x with probability 0.5
Compute the simple interest using four methods : 1. On February 19, 2020, Trisha borrowed P50,000 from a community cooperative at 9% simple interest. The loan is payable on September 12, 2020.
Ppt slides-relationship conflicts : One slide on the norms a team should use to resolve the relationship conflicts.
What are two positive ways mary could have responded : What are two positive ways Mary could have responded to her supervisor's feedback and Describe two (2) ways a mentor could help you in developing your skills
Describe the specific data elements : Describe the specific data elements from your bond selection process and analysis on how you selected your bonds for your portfolio
What is your total amount received : A bank offers your firm a 1-year discount interest loan of $1,000,000 loan at 8% per year and, in addition, What is your total amount received

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the amount of real decrease

What is the amount of real decrease (-) or real increase (+) that the Danish krone experiences against the Australian dollar during 2020?

  What is the financial break-even quantity?

What is the financial break-even quantity?

  Costs of compliance and consequences of non-compliance

How might the costs of compliance and consequences of non-compliance have affected the company's listing decision? Justify your response.

  A detailed financial analysis of the firms prospects

three recent graduated of the computer science program a the university of tn are forming a company that wil write and

  Common ratios measures leverage

1. A compound average growth rate (CAGR) takes volatility into account. 2. Which of the following common ratios measures leverage?

  Which of the two alternatives will add the most value

Which of the two alternatives will add the most value? Show your calculations and work

  How rulings by the courts and regulators have made

Explain how rulings by the courts and regulators have made the markets served by both commercial and investment banks more competitive.

  What was the average nominal risk-free rate

Assume large-company stocks returned 11.8 percent on average over the past 75 years. The risk premium on these stocks was 7.9 percent and the inflation rate was 3.2 percent. What was the average nominal risk-free rate of return for those 75 years?

  Find the state prices which match the projects npv

If the cost of capital is 30% and the risk-free rate is 5%, find the state prices which match the project ' s NPV.

  Construct a simple cash flow statement

It may surprise you that there are cash flows associated with holding a job.  Construct a simple cash flow statement and payback calculation for when your job expenses will be covered for employment you currently have or have had in the past. Incl..

  Calculate the trailing and forward pie ratio

Inferring Implied EPS Growth Rates: Kimberly-Clark Corporation (Medium) In March 2005, analysts were forecasting consensus earnings per share.

  Decide upon an initiative you want to implement that would

decide upon an initiative you want to implement that would increase sales over the next five years.using the sample

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd