Financial Math Answers

A family needs a loan of 10 000 € for renovation. The loan period is 1 year and payments are made 4 times a year. The interest rate of the annuity loan is 4.2 % p.a. What is the remaining balance after the first payment?

If the effective rate of interest is compounded quarterly is 16%, then the nominal rate of interest is

The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months is ?

1. 10.32%

2. 0.12%

3. 12.00%

4. 14.36%

How do I work it out?

John deposit 5,000 pesos in a bank paying 12% compounded quarterly. After 4 years, John decided to close her account. How much money would she be able to get from bank? ​

How much was borrowed if a simple interest rate of 7.5% was offered payable in 12 months with interest of 105

Mae purchased a home for ₱4,570,000 and obtained a 20-year loan with an annual interest rate of 8.5%, after paying a down payment of 25%. Find the the amount of interest paid on the loan over the 20 years.