A loan worth 150,000 pesos is payable monthly over 2 years at an interest rate of 6.5% compounded monthly. Each monthly payment consists of 6,250 pesos in principal, which is 1/24 of the loan amount, plus the interest due. Find a formula for the kth payment Pₖ. Then construct an amortization schedule.

Answers

Answer 1

The formula for kth payment Pₖ is Pₖ = P - (PV * r). To construct an amortization schedule, we can list out the monthly payments and their breakdowns into principal and interest for each month.

To find a formula for the kth payment Pₖ, we can use the formula for the monthly payment on a loan:

P = (r * PV) / (1 - (1 + r)^(-n))

Where:

P is the monthly payment

r is the monthly interest rate

PV is the loan amount (present value)

n is the total number of payments

In this case, the loan amount PV is 150,000 pesos, the monthly interest rate r is 6.5% / 12 (since the interest is compounded monthly), and the total number of payments n is 2 years * 12 months/year = 24 months.

Substituting these values into the formula, we have:

P = (0.065/12 * 150,000) / (1 - (1 + 0.065/12)^(-24))

Calculating this expression, we find that P ≈ 7,214.27 pesos.

Now, to find the kth payment Pₖ, we can use the formula:

Pₖ = P - (PV * r)

Since each monthly payment consists of 6,250 pesos in principal, which is 1/24 of the loan amount, and the rest is the interest due, we can modify the formula to:

Pₖ = (1/24 * PV) + (PV * r)

Substituting the given values, we have:

Pₖ = (1/24 * 150,000) + (150,000 * 0.065/12)

Simplifying, we get:

Pₖ ≈ 6,250 + 812.50 ≈ 7,062.50 pesos

This formula gives the kth payment Pₖ for any specific month during the loan term.

To construct an amortization schedule, we can list out the monthly payments and their breakdowns into principal and interest for each month. Starting with the initial loan amount of 150,000 pesos, we calculate the interest for each month based on the remaining balance and subtract the principal payment to get the new balance for the next month. This process is repeated for each month until the loan is fully paid off.

Learn more about "interest ":

https://brainly.com/question/25720319

#SPJ11


Related Questions

Assuming x and y are two odd numbers and x/y is an integer. Which of the following statements are true?

1: x + y is odd.
2: xy is odd.
3: x/y is odd.
4: x-y is odd.

A: 1 and 2 only.
B: 1 and 3 only.
C: 2 and 3 only.
D: 2, 3, and 4 only.
E: 2 and 4 only.​

Answers

9514 1404 393

Answer:

  C: 2 and 3 only.

Step-by-step explanation:

We know the sum or difference of two odd numbers is even, eliminating choices (1) and (4).

The product of two odd numbers is odd, so (2) is one of the true statements.

__

Let x/y = k, where x and y are both odd. Then x = ky. If k is even, then x is even, a contradiction. So, k must be odd. The integer ratio of two odd numbers is odd, so (3) is one of the true statements.

Only statements (2) and (3) are true.

A polygon that undergoes a series of transformations that the image has the corresponding sides and angles of equal measure to those of the original, it can be said that the original and the image are congruent. true or false?

Answers

What did the answer end up being?

write the statement for him a f(n).​

Answers

Answer:

180f + 23(n)

Step-by-step explanation:

just make an equation

The mass of a basketball is three times greater than the mass of a softball. Compare the momentum of a softball vs. a basketball if they are moving at the same velocity. Write sentences, use words. The answer won't just be a number.

Answers

The momentum of the basketball is three times that of the softball. Momentum equals mass times velocity. Therefore, if the basketball and softball are moving at the same velocity, and the basketball has three times the mass of the softball, the basketball has three times the momentum of the softball.

What is the Momentum?

Let m = the mass of the softball.

Then the mass of the basketball is 3m.

By definition formula for momentum is;

momentum =  mass * velocity.

If both the softball and basketball move at the same velocity, v, then

Momentum of the softball = mv

Momentum of the basketball = 3mv

Thus;

The momentum of the basketball is three times that of the softball. Momentum equals mass times velocity. Therefore, if the basketball and softball are moving at the same velocity, and the basketball has three times the mass of the softball, the basketball has three times the momentum of the softball.

Read more about Momentum at; https://brainly.com/question/402617

#SPJ1

What is the value of the expression 22 + 62 ÷ 22? (1 point)
10
13
16
36

Answers

Answer:

none of these

Step-by-step explanation:

none of these is the correct answer because if this is pemdas it would be 24.818

and if it is not pemdas it would still be 3.818.

The way pemdas would be solved is 62 divided by 22 first which is 2.818

and then 2.818 + 22 which= 24.818.

But if your just doing it in order and it isn't pemdas than you would do 22 + 62 which=84 and then 84 divided by 22=3.818

So your answers are wrong I wanted to let you know that is there an option od none of theres or is there more to the question I can help you with.

I hope I can help and that this helps have a awesome day:)

when the angle of an incline with a block resting on it increases the normal support force? A) decreases B) increases C) stays the same

Answers

Answer:

normal force decreases

Step-by-step explanation:

N=mgcosθ, and cosine decreases as theta increases

consider joining our disc*rd server for unlimited hw help! we also have an active giveaway rn. code: RPEdT3erFm <3

Answer:

A) decreases

Step-by-step explanation:

As the angle of the incline increases, the normal force decreases, which decreases the frictional force. The incline can be raised until the object just begins to slide.

Solve the system of equations. y=23x–19 x2–y= – 6x–23 Write the coordinates as integers, simplified proper or improper fractions, or simplified radical expressions.

Answers

Answer:

(3, 50) and (14,303)

Step-by-step explanation:

Given the system of equations;

y=23x–19 ....1

x²–y= – 6x–23 ...2

Substitute 1 into 2;

x²–(23x-19)= – 6x–23

x²–23x+19= – 6x–23 .

x²-23x + 6x + 19 + 23  = 0

x² - 17x + 42 = 0

Factorize;

x² - 14x - 3x + 42 = 0

x(x-14)-3(x-14) = 0

(x-3)(x-14) = 0

x = 3 and 14

If x = 3

y = 23(3) - 19

y = 69-19

y = 50

If x = 14

y = 23(14) - 19

y = 322-19

y = 303

Hence the coordinate solutions are (3, 50) and (14,303)

Pablo starts watching a movie at 7:30 pm. If the movie is 1 hour and 40 minutes long, what time will it be when it is
over?

Answers

Answer:

9:10 pm

Step-by-step explanation:

Answer:

9:10

Step-by-step explanation:

7:30 plus an hour is 8:30, plus 40 minutes would be (8:70) 60 minutes is in an hour, so it would be 9:00 and add the extra 10 min.

9:10

Earning Money: Marcus works at an ice cream shop. He eamns $14.50 each
hour. Use Marcus's timesheet for the week to answer the questions

Date. Time in. Time out
April 11 8:45 am 12.00pm
April 12 9:00am 12.00pm
April 13 7:30am 12:00pm
April 14 8:00am 1:15pm
April 15 8:30am 11:15am

A. How many hours did Marcus work for the week?

B. How much money did Marucs earn for the week?

Answers

Answer:

A. Marcus worked 27 hours and 45 minutes in the week.

B. He earned $391.5 for the week.

Step-by-step explanation:

First you calculate the hours he worked daily and you add them together, when you have the weekly hours you multiply the hours times what he earns each hour.

It's 27 • 14.50= $391.5

Answer:

A 88hours and 5 minutesB $70.250

hi, please draw this for me and I will do my best to copy it. thanks.

hi, please draw this for me and I will do my best to copy it. thanks.

Answers

Given the figure of an unlabeled rectangle

We need to find which of the labeled figures is a different scaled version of the rectangle

As shown the unlabeled rectangle has the following:

Length = 4 units

Width = 2 units

So, the ratio of the length to the width = 4:2 = 2:1

We will find the ratio of the shown rectangles to find the correct figure.

The rectangles have the label: B, C, D, E, G, H

Now, we will check the ratio for each rectangle

B: Length = 8, Width = 3 ⇒ ratio = 8:3

By making the same sequence

The answer will be:

C, D, H

Each rectangle has a length = of two times the width

These rectangles is a scaled version of the given rectangle

Translate this phrase into an algebraic expression, Nine more than the quotient of a number and 7 is 6

Answers

Answer:

x/7 + 9 = 6

Step-by-step explanation:

Hope this helps! Please give brainliest!

¿cuantos kilogramos de agua deben evaporarse de 75kg de una solucion salina al 15% para producir una produccion al 20%?

Answers

Earning points would be the correct answer

What is 166.44 divided by 4 equal using long division. Please answer this is due in 10 minutes. The person with THE RIGHT ANSWER get brainiest and 30 points.

Answers

The answer is 41.6
You can type this into a calculator for the answer!

HELPPPPP TYYY NO LINK OR ELSEWEE.. LOL

HELPPPPP TYYY NO LINK OR ELSEWEE.. LOL

Answers

41.12 is the answer

so the perimeter is cirumference of circle + 16

25.12 + 16

41.12 is the perimeter

the radius, r, of the base of a right circular cone is 4 centimeters, and the slant height, l, is 15 centimeters. what is the surface area of the cone?

Answers

188.4 cm²  is the surface area of the cone .

What is known as a cone?

A cone is a three-dimensional geometric object with a smooth transition from a flat, usually circular base to the apex, also known as the vertex.In mathematics, a cone is a recognizable three-dimensional geometric shape having a smooth and curving surface pointing upward. The word "cone" comes from the Greek word "konos," which denotes a peak or a wedge. The base is the flat area, while the pointy end is referred to as the apex.

given   r = 4 cm

           l = 15 cm

the curved surface area = πrl

                                     = 3.14 * 4 * 15

                                      = 188.4 cm²

Learn more about cone

brainly.com/question/16394302

#SPJ4

Answer: 76 cm2

Step-by-step explanation:

I Did it trust

The price of one share of a stock fell $12.50 each day for 8 days. Which expression represents this situation? A. 8 ÷ (-$12.50) B. 8 x (-$12.50) C. 8 + 8 x $12.50 D. 8 + 8 x (-$12.50)

Answers

The answer should be B

Answer:

B. 8 x (-$12.50)

Step-by-step explanation:

Two angles are supplementary.   One measures 7x - 9 and the other measures 4x + 3.  Find x and the measure of the smaller angle​

Answers

Answer:

Supplementary angles add up to 180°

180=7x-9+4x+3

180=7x+4x-9+3

180=11x-7

180+7=11x

187=11x

11x=187

x=187/11

x=17

Therefore x = 17

There are 35 questions total!! Please answer with an explanation and whoever answers correctly will get BRAINLIEST!!

There are 35 questions total!! Please answer with an explanation and whoever answers correctly will get

Answers

Answer:

I think the answer will be weak positive

The aquarium at Sea Critters Depot contains 140 fish. Eighty of these fish are green swordtails (44 female and 36 male) and 60 are orange swordtails (36 female and 24 males.). A fish is randomly captured from the aquarium: a. What is the probability the selected fish is a green swordtail? B. What is the probability the selected fish is male? C. What is the probability the selected fish is a male green swordtail? D. What is the probability the selected fish is either a male or a green swordtail?

Answers

Given that:

Total number of fish = 140

Fish are green swordtails female = 44

Fish are green swordtails male = 36

Fish are orange swordtails female = 36

Fish are orange swordtails male = 24

Solution:

A. We have to find the probability that the selected fish is a green swordtail.

\(\text{P(green swordtail)}=\dfrac{\text{Total green swordtail fish}}{\text{Total fish}}\)

\(\text{P(green swordtail)}=\dfrac{80}{140}\)

\(\text{P(green swordtail)}=\dfrac{4}{7}\)

Therefore, the probability that the selected fish is a green swordtail is \(\dfrac{4}{7}.\)

B.  We have to find the probability that the selected fish is male.

\(\text{P(Male fish)}=\dfrac{\text{Total male fish}}{\text{Total fish}}\)

\(\text{P(Male fish)}=\dfrac{36+24}{140}\)

\(\text{P(Male fish)}=\dfrac{60}{140}\)

\(\text{P(Male fish)}=\dfrac{3}{7}\)

Therefore, the probability that the selected fish is a male, is \(\dfrac{3}{7}.\)

C. We have to find the probability that the selected fish is a male green swordtail.

\(\text{P(Male green swordtail)}=\dfrac{\text{Total male green swordtail fish}}{\text{Total fish}}\)

\(\text{P(Male green swordtail)}=\dfrac{36}{140}\)

\(\text{P(Male green swordtail)}=\dfrac{9}{35}\)

Therefore, probability that the selected fish is a male green swordtail is \(\dfrac{9}{35}.\)

D.

We have to find the probability that the selected fish is either a male or a green swordtail.

\(\text{P(Male or green swordtail)}=\dfrac{\text{Total male or green swordtail fish}}{\text{Total fish}}\)

\(\text{P(Male or green swordtail)}=\dfrac{44+36+24}{140}\)

\(\text{P(Male or green swordtail)}=\dfrac{96}{140}\)

\(\text{P(Male or green swordtail)}=\dfrac{24}{35}\)

Therefore, the probability the selected fish is either a male or a green swordtail is \(\dfrac{24}{35}.\)

gordon types 3,420 words in 45 minutes. Find the unit rate.
Gordon types ___ words per minute.

Answers

76 I used a calculator
76 words per minute Because if you do:
49=3420 and ur solving for 1 minute you’d dived 3420/49 witch would being u to 76

In the reading, it states: F∝ r 2
1

What is the interpretation of this equation? A. Gravity is a force that acts as a directly proportional square law with respect to distance. B. Gravity is a force that acts as an inversely proportional law with respect to distance. c. Gravity is a force that acts as an inversely proportional square law with respect to distance. D. Gravity is a force that acts as an directly proportional law with respect to distance. QUESTION 2 What is currently used to test how the constant G has changed over the evolution of the Universe? A. atoms B. type la supernovae c. black holes D. comets QUESTION 3 By the same token as this excerpt, the gravity of the Sun is directed and A. upwards; towards the center of the Sun B. downwards; towards the surface of the Sun c. upwards; towards the surface of the Sun D. downwards; towards the center of the Sun

Answers

1. C. Gravity is a force that acts as an inversely proportional square law with respect to distance.

2. B. Type Ia supernovae

3. D. Downwards; towards the center of the Sun

The interpretation of the equations and the correct options for the given questions are as follows:

Question 1:

The equation interpretation is related to gravity. The equation states a relationship between gravity and distance. The correct option is:

C. Gravity is a force that acts as an inversely proportional square law with respect to distance.

Question 2:

To test how the constant G (gravitational constant) has changed over the evolution of the Universe, certain phenomena or objects are used. The correct option is:

B. Type Ia supernovae

Question 3:

Based on the excerpt, the direction of gravity from the Sun is described. The correct option is:

D. Downwards; towards the center of the Sun

Learn more about gravity on:

https://brainly.com/question/14874038

#SPJ11

they are 8,756 students that attend middle schools in the city of Johnson. Of the students, 3,252 are picked up by car, 2,549 ride the bus home, and 2,955 students walk home. How many students leave school by bus or car?

Answers

The number of students that leave by bus or car is given as follows:

5801 students.

How to obtain the union and intersection set of the two sets?

The union and intersection sets of multiple sets are defined as follows:

The union set is composed by the elements that belong to at least one of the sets.The intersection set is composed by the elements that belong to at all the sets.

The or operation is equivalent to the union operation, meaning that we add the number of students that leave by bus to the number of students that leave by car.

Hence the number of students that leave by bus or car is given as follows:

3232 + 2549 = 5801 students.

More can be learned about union and intersection at brainly.com/question/4699996

#SPJ1

44
Use simple interest to find the ending balance to the nearest penny
5) $1,730 at 6% for 4 years

Answers

Step-by-step explanation:

decimal interest = .06

$ interest = prt

                = $ 1730 * .06 * 4 = $ 415.20

O is the centre of the circle. Determine the value of s to the nearest tenth, if necessary.


a) 6.7

b) 7

c) 77

d) 9.2

Answers

i think it’s B :))))))))))))

on the graph of f(x)=sinx and the interval [−2π,0), for what value of x does f(x) achieve a maximum? choose all answers that apply.

Answers


On the graph of f(x)=sinx and the interval [−2π,0), the function reaches its maximum value at x=0.

To understand why this is the case, it's helpful to visualize the graph of the sine function. The sine function is a periodic function that oscillates between -1 and 1 as x increases. In the interval [−2π,0), the graph of sinx starts at 0 and decreases as x moves towards -2π.

As x approaches 0 from the left (i.e. as x gets closer to 0 while still being in the interval [−2π,0)), the sine function starts to increase again. At x=0, the function reaches its maximum value of 1.

After x=0, the function starts to decrease again as x moves towards -2π.

So in summary, the function f(x)=sinx reaches its maximum value of 1 at x=0 on the interval [−2π,0).

To know more about maximum value visit:

https://brainly.com/question/11953636

#SPJ11

5000 mL = how many liters?

Answers

5

Step-by-step explanation:

1000 ml= 1L

Answer: 5 liters

Step-by-step explanation:

         We will use the knowledge of 1 liter being equal to 1,000 mL. Since we are trying to change 5,000 mL into liters, we will use dimensional analysis. We want to end up with liters, so we will put 1 liter over 1,000 mL so the mL units cancel out, since \(\frac{mL}{mL}\) = 1.

          \(\displaystyle (\frac{5,000\;mL}{1}) (\frac{1 \;liter}{1,000\;mL} )=5\;liters\)

The ratio of the number of baskets made by to Tony to the number of baskets made by Colin is 2 to 3. Tony made 10 baskets.How many baskets did Colin make?

Answers

Answer:

I believe the answer would be 15

Step-by-step explanation:

This is because the ratio is 2 to 3 and you would divide it in half so you get one part then times it by three to get the second part of the ratio.

So it would be 10/2=5 then 5 times 3 to get 15. Therefore, 10 to 15

Answer:

15 baskets

Step-by-step explanation:

Step 1 : write a statement

Tony : Colin

2 : 3

10 : ?

Step 2: Cross multiply

i.e. 10×3=30

30÷2=15

truth table for ~p ∨ ~q.

Answers

Answer:

Contrapositive is not p (hypothesis) implies not q (conclusion)

The conditional and contrapositive pair with each other.

The converse and inverse pair with each other.

(Sorry if you were talking about something else, this is what I thought you meant)

help, it is due at 5 pm and it is 4:53

Answers

Answer:

Omg where is it then

Step-by-step explanation:

upload image attachment

It takes a train going 50 mph approximately _____ to stop safely.
A. 100 ft B. 1/2 miles C. 1 1/2 miles D. 5 miles

Answers

It takes a train going 50 mph approximately 11/2 miles to stop safely.

The distance a train takes to come to a stop can be determined by several factors, including the speed of the train, the weight of the train, the condition of the brakes and the track, and the reaction time of the engineer.

In general, a train going 50 mph will take about 1 1/2 miles or 8,000 feet to stop safely. This is because a train moving at 50 mph is traveling at about 75 feet per second, and it takes a significant distance to slow down a heavy object moving at such a high speed. It's important to note that this is an estimation, and the actual stopping distance may vary depending on the specific conditions.

To know more about Speed:

https://brainly.com/question/28224010

#SPJ4

Other Questions
a spirit mixed with a larger volume of a nonalcoholic mixer is known as: Which of the following would be considered a ratio variable? Eye Color O Letter Grades (A, A-, B+) Price of a Grocery Store Order High School Graduation Year You invest $1000 today at 6ompounded annually and want to know how much money you will have in 5 years. what does the $1000 represent? which measure of central tendency better describes hours worked?modemeanmedian What information should be included in an objective summary of the passage?A. The police stop traffic for pedestrians to cross Main StreetB. Old Home Days is a great tradition that shouldnt be ruined by bad driversC. There are traffic accidents at Old Home Days every yearD. Drivers are ultimately responsible for driving safely in crowded conditions In afghanistan the wolesi jirga and the meshrano jirga are like what in the us government ? a.Supreme Court b.the White House c.the president and the Vice President d.the House of Representatives and the senate which one of the following would be an illegal variable name? question 4 options: a) june1997 b) itemsorderedforthemonth c) employee num d) dayofweek e) 3dgraph What is the future value after 12 years if you deposited $10000 for your childseducation and the interest is guaranteed at 15% compounded continuously? A thesis statement introduces each of the main points in a speech. A) True B) False Phenylthiocarbamide (PTC), also known as phenylthiourea (PTU), has the unusual property that it either tastes very bitter or is virtually tasteless, depending on the genetic makeupof the taster. There is a single gene which codes for a protein found in our tongues. PTC will bind with the protein if it present and a person will taste it. If the protein is not present,PTC will not bind and a person cannot taste it. The ability to taste PTC is often treated as a dominant genetic trait. The dominant allele, T, causes a person to be able to taste PTC, and the recessive allele is represented as t. Assume that a population is in Hardy-Weinberg equilibrium and 16 individuals out of 100 are unable to taste PTC. What are the allelefrequencies of T and t in this population?A. The allele frequency of T is 0.80, and the allele frequency of t is 0.20B. The allele frequency of T is 0.84, and the allele frequency of tis 0.16.C. The allele frequency of T is 0.00, and the allele frequency of t is 0.40D. The allele frequency of T is 0.50, and the allele frequency of t is 0.50. The student council wants to raise 370$ and has raised 120$ so far. The students are selling t-shirts for 25$ each to raise more money. Write an equation and solve for t, the number of shirts they need to sell to reach their goal. Explain how you can find the value of the variable To clean a sand bed filter it is fluidized at minimum conditions using water at 24degreeC. The round sand particles have a density of 2550 kg/m^3 and an average size of 0.4mm. The sand has the following properties: ( shape faction 0.86 and void fraction at minimum fluidizing condition is 0.42). The bed diameter is 0.4m and the desired height of the bed at these minimum fluidizing conditions is 1.75m. Calculate the amount of solid needed. Calculate the pressure drop at these conditions and the minimum fluidizing velocity. What does it mean for a module to be ""coherent?"" Why is this important? What are the advantages of coherence? What are the disadvantages of incoherent modules? Which is required for both anaerobic respiration and aerobic respiration?.oxygen water mitochondria glucose . x is directly proportional to y. When x = 5, y = 3. Work out the valueof y when x =9 Mixed number equals 16/10 jerome wants to bake two batches of muffins. He can bake two batches of chocolate chip (C), two batches pumpkin, or one batch of each. Which of the following best describes the meaning of the word presidential?A. being president againB. relating to the presidentC. the act of being presidentD. the study of presidents Provided it reduces the Tax Payable of a taxpayer, dividendsreceived by that individuals spouse or common-law partner can be transferred to that taxpayer.True or false Rico buys a rectangular rug to put on his living room floor. The rug is 8feet long and 6 feet wide. What is the area of the floor that the rug will cover?