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    Problem Set 2 Deadline: Sept. 02,2020, 12mn Mathematics of Investment

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    Manuel Francisco
    Mr. Konti borrowed ₱12,000 from Susan Rodriguez at a 16.5% discount rate for 3 years. Manuel borrowed ₱35,000 from a bank charging 8% but received ₱30,000; the problem is to find the loan term. Chimmy applied for an ₱80,000 loan and received ₱77,000 after interest was deducted in advance; the 6-month loan's implied discount rate is to be found. The document provides 6 mathematics investment problems asking students to find loan amounts, interest rates, present values, and equivalent rates. Students are to submit PDF solutions with their name and problem numbers.

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    Problem Set 2 Deadline: Sept. 02,2020, 12mn Mathematics of Investment

    Uploaded by

    Manuel Francisco
    235 views1 page
    Mr. Konti borrowed ₱12,000 from Susan Rodriguez at a 16.5% discount rate for 3 years. Manuel borrowed ₱35,000 from a bank charging 8% but received ₱30,000; the problem is to find the loan term. Chimmy applied for an ₱80,000 loan and received ₱77,000 after interest was deducted in advance; the 6-month loan's implied discount rate is to be found. The document provides 6 mathematics investment problems asking students to find loan amounts, interest rates, present values, and equivalent rates. Students are to submit PDF solutions with their name and problem numbers.

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    Problem Set 2

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    Mr. Konti borrowed ₱12,000 from Susan Rodriguez at a 16.5% discount rate for 3 years. Manuel borrowed ₱35,000 from a bank charging 8% but received ₱30,000; the problem is to find the loan term. Chimmy applied for an ₱80,000 loan and received ₱77,000 after interest was deducted in advance; the 6-month loan's implied discount rate is to be found. The document provides 6 mathematics investment problems asking students to find loan amounts, interest rates, present values, and equivalent rates. Students are to submit PDF solutions with their name and problem numbers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    235 views1 page

    Problem Set 2 Deadline: Sept. 02,2020, 12mn Mathematics of Investment

    Uploaded by

    Manuel Francisco
    Mr. Konti borrowed ₱12,000 from Susan Rodriguez at a 16.5% discount rate for 3 years. Manuel borrowed ₱35,000 from a bank charging 8% but received ₱30,000; the problem is to find the loan term. Chimmy applied for an ₱80,000 loan and received ₱77,000 after interest was deducted in advance; the 6-month loan's implied discount rate is to be found. The document provides 6 mathematics investment problems asking students to find loan amounts, interest rates, present values, and equivalent rates. Students are to submit PDF solutions with their name and problem numbers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Problem Set 2

    Deadline: Sept. 02,2020, 12mn


    Mathematics of Investment
    Answer the following problems. Show you solutions. Send your solution as PDF FORMAT,
    with file name, ps2_moi_surname_given name_mi
    1. Mr. Konti borrowed ₱12,000 from Susan Rodriguez who charged a discount rate of
    16.5% for three years. How much interest will be collected in advanced from the loan?
    (4pts)

    2. Manuel is borrowing ₱35, 000 from a bank that charges a discount rate at 8%. If Manuel
    received ₱30, 000 from the bank, find the term. (4pts)

    3. On January 12, Chimmy applied for a ₱80, 000 loan. After deducting the interest in
    advance, he received ₱77, 000. If the loan is to be repaid at the end of 6 months, at what
    discount rate was interest charged? (6pts)

    4. Suppose that ₱5, 000 is due at the end of 9 months and is discounted to the present date at
    8% simple discount. Find the equivalent simple interest rate that will produce the same
    present value. (6pts)

    5. A loan of ₱25, 000 was repaid by the end of two years at 8% simple interest. What is the
    equivalent discount rate on the loan? (5pts)

    6. Find the present value of ₱24, 000 for 2 years at: (5pts)

    a. 14% simple discount


    b. 14% simple interest

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