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Q2 M5 BASIC CONCEPTS OF LOANS

Quiz by Carol Cargullo-Zamora

Grade 11
General Mathematics
Philippines Curriculum: SHS Core Subjects (MELC)

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4 questions
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  • Q1

    Robert obtains a loan of ₱85,000.00 with interest at the rate of 13% compounded semiannually. He agrees to repay the loan, interest included, by semiannual payments for 7 years. Find the semiannual payments.

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    300s
  • Q2

    A ₱200,000.00 loan is to be repaid by making payments every 6 months for 5 years. If interest is charged at 12%compounded semiannually, find the outstanding balance just after the 4th payment.

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    300s
  • Q3

    A ₱200,000.00 loan is to be repaid by making payments every 6 months for 5 years. If interest is charged at 12%compounded semiannually, find the outstanding balance at the end of the 3rd year.

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    300s
  • Q4

    An ₱82,000.00loan is to be amortized by 22 monthly payments with interest at 19.2% converted monthly. Find the total interest paid in discharging the loan.

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    300s

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