4. Jasmine bought a laptop amounting P 45,00 in an installment basis with 1.5% annual interest. She provides a P5000 down payment and promise to pay P3000 at the end of 1st year, 9000 at the end of...


4. Jasmine bought a laptop amounting P<br>45,00 in an installment basis with 1.5%<br>annual interest. She provides a P5000 down<br>payment and promise to pay P3000 at the<br>end of 1st year, 9000 at the end of 2nd year.<br>4000 at the end of 5th year and the<br>remaining balance at the end of 8th year.<br>Find the remaining balance and create a<br>cash flow diagram.<br>5. Emmanuel is a money lender who gives<br>15% interest rate annually to allIl borrower.<br>Jessie borrowed $9000 to him. Based on<br>the contract, Jessie needs to pay the<br>borrowed money and its interest in 8years<br>Jessie decided to deposit his payment twice<br>a year and the bank provides him 3% interest<br>compounded semi-annually. Find the<br>sem-annually deposit to pay the borrowed<br>money and interest.<br>6. Find the rate of interest if the principal<br>value is $28000 with an interest value is<br>$9000 after 5 years.<br>

Extracted text: 4. Jasmine bought a laptop amounting P 45,00 in an installment basis with 1.5% annual interest. She provides a P5000 down payment and promise to pay P3000 at the end of 1st year, 9000 at the end of 2nd year. 4000 at the end of 5th year and the remaining balance at the end of 8th year. Find the remaining balance and create a cash flow diagram. 5. Emmanuel is a money lender who gives 15% interest rate annually to allIl borrower. Jessie borrowed $9000 to him. Based on the contract, Jessie needs to pay the borrowed money and its interest in 8years Jessie decided to deposit his payment twice a year and the bank provides him 3% interest compounded semi-annually. Find the sem-annually deposit to pay the borrowed money and interest. 6. Find the rate of interest if the principal value is $28000 with an interest value is $9000 after 5 years.

Jun 05, 2022
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