Q:
CHAPTER : ANNUITY
a. Asfila borrowed RM80,000 from a bank for 9 years at the interest of \( 11.5 \% \) compounded
monthly.
i. Find the monthly repayment.
ii. Calculate the total interest paid for the loan.
iii. Determine the 3rd repayment amount to settle all the arrears if she has not paid
the first 2 repayments.
(2 marks)
iv. Immediately after the 90th payment, Asfila decided to settle the loan. Calculate the
amount of the settlement.
After five years of investment, Fazila withdrew RM25,000 to pay a deposit on her desire
to buy a new house in Nilai. She approaches the Islamic bank and applies for financing
under the concept of Bai Bithaman Ajil for the loan. The bank charges an interest rate of
3.8\% compounded monthly with the period of financing being 25 years, and Fazila pays
RM1,350 monthly. Find the cash price of the house.
Q:
9. What is \( 58 \% \) off of 750 ?
10. What is \( 17 \% \) off of 600
Q:
8. What is \( 9 \% \) off of 200 ?
9. What is \( 58 \% \) off of 750 ?
10. What is \( 17 \% \) off of 600
Q:
7. What is \( 58 \% \) off of 300 ?
8. What is \( 9 \% \) off of 200 ?
Q:
Multiple Cholce Question
Transactions that are entered in the journal are then posted to specific categories in a(n)
ledger
worksheet
financial statement
Q:
Suppose that \( \$ 58,000 \) is invested at \( 5 \frac{1}{2} \% \) interest, compounded quarterly.
a) Find the function for the amount to which the investment grows after \( t \) years.
b) Find the amount of money in the account at \( t=0,4,6 \), and 10 years.
a) The function for the amount to which the investment grows after \( t \) years is \( A(t)=\square \)
(Simplify your answer. Type an expression using \( t \) as the variable.)
Q:
Find the future value:
Annual payments of P1,000
at the end of each term for
8 years with interest rate of
\( 6 \% \) compounded quarterly
Q:
1. How much interest is carned on \( \mathrm{P}_{6,200} \) at \( 4 \% \) for one year?
Q:
SOCCER
A soccer league holds an awards banquet at the end of the season. The banquet hall charges \( \$ 42 \)
per person for the meal plus \( \$ 500 \) for the use of the hall.
Q:
Perfect price discrimination results in:
decreased profits.
charging each customer their reservation price,
always charging a higher price.
a lower quantity sold.
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