Financial Math Answers

Mark-up of Php 585.00 is рlaced on a branded tennis shoes and 12% rate. Find the original price.

1. A debt of $6479.22 is due June 1,2021.what is the value of the obligation on march 1,2016, if money is worth 2% compounded semi-annually?

the value of the obligation is $ ?

(round to the nearest cent as needed . Round all intermediate values to six decimal places as needed)

Mabel borrowed an amount of money from her father.The loan will be paid back by means of R25000 each every second month for six years,an interest of 7,5% per year,compounded every two months,will be applicable,The amount of loan is

Round the answer to this question to the nearest rand. David borrowed R911012,00

R911012,00 to refurbish his holiday home. The loan requires monthly repayments over 12 years. When he borrowed the money, the interest rate was 12,4% per annum, compounded monthly, but five years later the bank increased the annual interest rate to 13,9%, in line with market rates. After five years the present value of the loan is R682081,77

R682081,77. With the new interest rate, his monthly payments will increase by

You owe $500 on a credit card that charges 1.5% interest each month. You can pay $50 each month with no new charges. What is the equilibrium value? What does the equilibrium value mean in terms of the credit card? Build a numerical solution. When will the account be paid off? How much is the last payment?

You would like to buy a house, but you can only afford monthly payments of R500. Thirty-year loans are available at 6% interest compounded monthly. If you can make a R5 000 down payment, what is the price of the most expensive house that you can afford to purchase?

Round of the answer to this question to the nearest rand . David borrowed R911012 to refurbish his holiday home. The loan requires monthly repayment over 12 years . When he borrowed the money the interest rate was 12,4% per annum, compounded monthly but five years later the bank increase the annual interest rate to 13,9% in line with market rates . After five years the present value of the loan is R682081,77. With the new interest rate , his monthly payments will increase by ?

$500 is deposited in an account which bears 12% p.a. interest compounded monthly. How many years it would take to accumulate $500 to $806.11

The city council wants to sponsor 150 bags for their organization’s scholars. Each bag

costs $375. If they were to buy from the factory, they will be given 45% off the total

purchase. However, if they buy from the store they will be given 50% off the price for

each bag. Where will they have a cheaper purchase?

Buildmazing Developers need an amount of money to expand their business. They secure a loan at an

interest rate of 10,5% per year, compounded annually. The outstanding balance will be repaid in equal

payments of R137 828,00 at the end of each year for the next seven years. Considering the amortisation

schedule, the principle repaid during the first three years, rounded to the nearest rand,is