The entity that borrows money is called ____________________________.

Something that is pledged as security for repayment of a loan, to be forfeited in the event of a default.

The transfer of an interest in specific immovable property for the aim of securing the payment of money advanced as a loan, an existing or future debt is called__________________________.

There is an increasing demand for sardines; therefore the manufacturing firm applied for a loan for additional machinery and equipment to increase the number of their production. The financing company granted a loan for Php 400000 at 4.5%interest rate, payable in 5 years with a 15% down payment.

How much is the down payment of the manufacturing firm?

There is an increasing demand for sardines; therefore the manufacturing firm applied for a loan for additional machinery and equipment to increase the number of their production. The financing company granted a loan for Php 400000 at 4.5%interest rate, payable in 5 years with a 15% down payment.

How much is their initial amount of loan?

There is an increasing demand for sardines; therefore the manufacturing firm applied for a loan for additional machinery and equipment to increase the number of their production. The financing company granted a loan for Php 400000 at 4.5%interest rate, payable in 5 years with a 15% down payment.

How many months will they pay the loan?

There is an increasing demand for sardines; therefore the manufacturing firm applied for a loan for additional machinery and equipment to increase the number of their production. The financing company granted a loan for Php 400000 at 4.5%interest rate, payable in 5 years with a 15% down payment.

What is the monthly interest rate of the manufacturing firm?

There is an increasing demand for sardines; therefore the manufacturing firm applied for a loan for additional machinery and equipment to increase the number of their production. The financing company granted a loan for Php 400000 at 4.5% interest rate, payable in 5 years with a 15% down payment.

How much is his monthly installment payment?

There is an increasing demand for sardines; therefore the manufacturing firm applied for a loan for additional machinery and equipment to increase the number of their production. The financing company granted a loan for Php 400000 at 4.5% interest rate, payable in 5 years with a 15% down payment.

How much interest does the financing company charge on the first amortization of the loan?

There is an increasing demand for sardines; therefore the manufacturing firm applied for a loan for additional machinery and equipment to increase the number of their production. The financing company granted a loan for Php 400000 at 4.5% interest rate, payable in 5 years with a 15% down payment.

How much goes to the principal on the first amortization of housing loan?