BUSINESS MATH LONG QUIZ

A brand new house and lot at a well-known subdivision is priced at P4,500,000 requiring a down payment of 20%. The financing company charges an interest of 12% per annum for a term of 20 years. Compute for its down payment and mortgage loan.

A brand new house and lot at a well-known subdivision is priced at P4,500,000 requiring a down payment of 20%. The financing company charges an interest of 12% per annum for a term of 20 years. Compute for the monthly payment.

Aling Tinay owns a Sari-Sari Store and is oneof the frequent buyers of Chris. Normally, Chris gives lower prices to AlingTinay compared to other buyers. This is because Chris wants Aling Tinay to sellthe goods that she bought at a price that is similar to him. What Aling Tinay receives is a _______?

Salesmen, agents, and brokers are generally paid _____ as incentives for increasing a firm’s sales.

An _______ is a table or chart showing each monthly payment on an amortizing loan indicating how much of each payment goes to interest and how much goes to principal.

Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. How much is the down payment?

Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. What is the remaining balance?

Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. What is the monthly interest?

Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. Compute for its monthly payment.

A brand new car has a list price of P850,000. The car dealer requires a 20% down payment. The car dealer has an arrangement with a bank to finance the balance on the car. The term of the loan is 5 years. The bank is charging an interest of 6% per annum. 1.       Compute for the down payment needed and the balance that will have to be financed by the bank.

A brand new car has a list price of P850,000. The car dealer requires a 20% down payment. The car dealer has an arrangement with a bank to finance the balance on the car. The term of the loan is 5 years. The bank is charging an interest of 6% per annum. 1.       Compute for its monthly payment.

The cash price of a dining room set isP1,920. Mildred bought it on an installment basis. She pays 12 monthly installments of P174.40. What is the total amount she paid?

Jan is a sales manager receiving a monthly salary of Php 18,000, a commission of 5% on his sales, and a monthly transportation allowance of Php 5,000. He is also given an override of 1% on his men’s sales. For the month of August, Jan sold a total of Php 110,000. His men sold a total of Php380,500. Compute for his gross earnings.

________ is when you use your property as collateral for a loan from a financial institution.

The _____ is usually a certain percent of the purchase price of the property.