Category: GEAS Solution

Solution: What is the balance due on the original mortgage (principal)

Solution: What is the effective rate of interest of the loan?

Solution: M purchased a small lot in a subdivision, paying P200,000 down and promising to pay P15,000

Solution: How much of the original principal is still unpaid after he has made the 8th payment?

Solution: How old will she be when the fund has an accumulated value of P1,000,000?

Solution: What is the future worth of P600 deposited at the end of every month?

Solution: If the inflation rate of 6.5% per year continues for this period

Solution: Determine the simple interest rate and the corresponding discount rate

Solution: What single payment must she pay after 3.5 years?

Solution: What is the amount of each payment?