Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Personal Finance
Calculating Loan Payments
You decide to buy a TV set for Php 45,000 and agree to pay for it with 18 equal monthly payments at 1.5% interest per month on the unpaid balance. How much are your payments?
1 answer
p( 1 - 1.015^-18)/.015 = 45,000
You can
ask a new question
or
answer this question
.
Related Questions
Stewart has $26 dollars. He spent $12.81, including tax, to buy a new DVD. He needs to set aside $10.00 to pay for his lunch
Tickets for a play cost Php 250 for adults and Php 200 for children.The sponsor of the show collected a total amount of not more
You borrow $149,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30 years. Payments are made monthly.
A mobile phone holds 1.28×1011 bytes of storage. You can also pay more money to get an additional 384,000,000,000 bytes. How
Malik borrowed $8,000 to buy a new boat. He will pay off the loan after 4 years by paying back the principal plus 6.5% simple
A mobile phone holds 1.28 × 1011 bytes of storage. You can also pay more money to get an additional 384,000,000,000 bytes. How
Every 3 months, a man deposits in his bank account a savings of Php 5,000. In how many years would he have saved Php 250,000?
You buy a $3,000 piece of furniture by opening up a new credit card that offers 0% interest if you pay it off in 24 months. If
Kathy, Laura, and Maureen have capital balances of $120,000, $180,000 and $70,000 respectively when Kathy and Laura agree to buy
George, Ringo, and John have capital balances of $80,000, $90,000 and $130,000 respectively when George and John personally
