How much money must he repay month

Assignment Help Business Management
Reference no: EM132336368

Question

1. An engineer has just borrowed P8000 from a local bank. at the rate of 1% per month on the unpaid balance. His contract states that he must repay the loan im 35 equal monthly installments. How much money must he repay each month?

2. A man plans to buy a P150, 000 house. He wants to make a down payment of P30, 000 and to take out a 30years mortgage for the remaining P120, 000, at 10% per years, compounded monthly. How much must be repay each month?

3. Glenn borrowed money from a bank. She received from the bank Php13, 420 and promised to pay Php15, 000 at the end of 9months. At what simple interest did the bank charge?

Reference no: EM132336368

Questions Cloud

What is the amount of her explicit costs : In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 on equipment and hairdressing
Price elasticity of demand for sodas : They then notice that they are selling approximately 15 percent fewer sodas. The price elasticity of demand for sodas from the campus vending machines, therefor
Why were many economists outraged over the ban : Why were many economists outraged over the ban? Why are elephant populations increasing in countries that did not ban ivory sales?
Describe the phases of emergency management : Natural and technological disasters are inevitable and emergency response efforts are geared to save lives and safeguard property. Research natural.
How much money must he repay month : His contract states that he must repay the loan im 35 equal monthly installments. How much money must he repay each month?
What are the worldview policy outcomes : After completing the Activities 1 and 2, research one of the worldview policy outcomes (hate speech, abortion, etc.) and discuss it in 1 ½-2 pages.
Graph the demand curve and the supply curve : Graph the demand curve and the supply curve. What is the equilibrium wage and equilibrium number of gardeners hired?
How could profit per employee go so wrong : For your discussion, you must first determine if Collins was incorrect to begin with. Did Collins simply misinterpret how Wells Fargo reported their successes.
Should alex franklin open the folder or not : Should Alex Franklin open the folder or not? can one apply Kantian theory to this case

Reviews

Write a Review

Business Management Questions & Answers

  Solve for equilibrium price-equilibrium quantity

Market demand is given by D= 120 - 2.75p. Solve for equilibrium price, equilibrium quantity and the quantity supplied byeach firm.

  Unique recipe for pizza

Suppose Sal's Pizza Shop has a unique recipe for pizza, and that currently its optimal price is $20 per pizza, at a quantity of 200 pizzas per week.

  What role do values play in a total quality setting

What role does trust play in a total quality setting? Describe how managers can build trust. What role do values play in a total quality setting?

  Training plan for global managers

Make a prioritized list of what you consider important in a training plan for global managers. Your list should contain a minimum of 10 items along with justification for each item.

  Level of change in gross domestic product

How does the level of change in gross domestic product (indicator of country economic health) influence a firm like Sany Heavy Industry Co, Ltd?

  Research economic data while studying property market

Describe 2 statistical techniques to research economic data while studying property market?

  Perspective on statement

Some people may argue that labor unions are no longer needed, as there are enough laws to protect workers. What is your perspective on this statement?

  Suppose that f is an instance of foo

In the following code, suppose that f is an instance of Foo. class Foo { private int i; public static int s; private void imethod() {} protected static void sm

  Effects on behaviours in the workplace

Identify the major dimensions of diversity and discuss their effects on behaviours in the workplace. How does diversity in the workplace contribute

  Question about debt and equity mixthe debt and equity mix

question about debt and equity mixthe debt and equity mix is an example of a financial leverage ratio and indicates the

  Recommendations and suggestions for improve policy

Analyst recommendations and suggestions for improve this policy (immunization for health workers)? and why ?

  Why monopolistically competitive firms frequently

"Competition in quality and in service may be just as effective as price competition in giving buyers more for their money." Do you agree? Why? Explain why monopolistically competitive firms frequently prefer nonprice to price competition.

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