Scribd
Upload
1K views4 pages

Name: Bolocon, Harvey Jon D. Section: CEIT-03-302A Subject: EECO Assignment # 1

This document contains an assignment with 5 questions regarding calculating debt payments with interest. Question 1 asks to calculate a single payment to settle two debts with different due dates if money is worth 5%. Question 2 asks to calculate two equal payments to settle three debts with different due dates and due amounts if money is worth 6%. Question 4 asks to calculate a payment one year after purchasing a lot to discharge the obligation, given partial payments and 6% simple interest. Question 5 asks to calculate a payment in 2 years to discharge a debt of $10,000 if $4,000 is paid today and interest is 5% compounded semi-annually. The document provides names, course information, and the full text of the assignment questions.

Uploaded by

Bolocon, Harvey Jon Delfin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
1K views4 pages

Name: Bolocon, Harvey Jon D. Section: CEIT-03-302A Subject: EECO Assignment # 1

This document contains an assignment with 5 questions regarding calculating debt payments with interest. Question 1 asks to calculate a single payment to settle two debts with different due dates if money is worth 5%. Question 2 asks to calculate two equal payments to settle three debts with different due dates and due amounts if money is worth 6%. Question 4 asks to calculate a payment one year after purchasing a lot to discharge the obligation, given partial payments and 6% simple interest. Question 5 asks to calculate a payment in 2 years to discharge a debt of $10,000 if $4,000 is paid today and interest is 5% compounded semi-annually. The document provides names, course information, and the full text of the assignment questions.

Uploaded by

Bolocon, Harvey Jon Delfin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Name: Bolocon, Harvey Jon D.

Section: CEIT-03-302A
Subject: EECO Assignment # 1

1. Mr. Jose owes P 4,500.00 due in 4 months and P 6,000.00 due in 6 months.
If money is worth 5%, what single payment made today will settle both
debt?
2. A man owes P 20,000.00 due in 2 months, P 10,000.00 due in 5 months, and
P 18,000.00 due in 9 months. He wishes to discharge his obligations by
two equal payments due in 6 and 12 months respectively. Find the equal
payments if money is worth 6% and the end of 1 year is the agreed focal
date.
4. Mr. Asero bought a lot for P 50,000.00 with a down payment of P 5,000.00.
He agreed to pay 6% simple interest on the balance. If he paid P 20,000.00
three months after purchase and P 15,000.00 six months later, what
payment 1 year after the date of purchase will discharge his obligation. Put
the focal date at the end of 1 year.
5. Mr. Ramos owes P 10,000.00 due 3 years from today. If he pays P 4,000.00
today, what payment 2 years from today will discharge his debt, money is
worth 5% compounded semi-annually?

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy