1.

A= $ 8000
r = 14% compound month
n = 36 (3 years)
R = $8000 x

0.01166666667
36
1(1+0.11666667 )
= $ 273. 421
2. R = $ 50
r = 12% compounded monthly
n = 36 (3 year)
50 = A x $8000 x

0.01
36
1(1+0.01)
A = 50 x

1(1+0.01)36
0.01

A = $ 1505. 375
3. A = $ 8000
r = 4 % compounded monthly
n = 36 (36 month)
R = $8000 x

0.0033
36
1(1+0.0033)
R = $ 236 .191
Payment = $ 236.191 x 36
= $ 8502.907
Finance charge = $ 8502.907
$ 8000
= $ 502.907
4. A = $ 500
r = 15% compounded
monthly
n = 12 ( 1 year)
R = $ 500 x

0.0125
1(1+0.0125)12
R = $ 45.129
Payment = $ 45.129 x 12
= $ 541.549

Finance charge = $ 541.549 $ 500

= $ 41.459
5. A = $ 7500
r = 4% compounded monthly
n = 36
R = $ 7500 x

0.00333333
1(1+0.03333333)36
= 221.
Payment = 0.003333 x $
7500
= $ 25
Principal = $ 169.342 - $ 25
= $ 144.342
6. A = $ 35000
r = 7.8% compounded
monthly
n = 48
R = $ 35000 x

0.0065
36
1(1+0.065)
R = 851.1702
First interest = 0.0065 x $
35000
= $ 227.5
First Principal = $ 851.1702 - $
227.5
= $ 623. 6702

9. A = $ 900

7. A = 5000
r = 7%
n=4
R = $ 5000 x

r = 10 % compounded
quarterly
n=5

0.07
4
1(1+0.07)

R = 1476.140

8. A = $ 9000
r = 9.5% compounded
semianually
n=8
R = $ 9000 x

0.0475
1(1+0.0475)8
R = $1378.45

R = $ 900 x

0.025
1(1+0.025)5

R = $ 193.722

10.A = $ 10000
r = 9% compounded monthly
n=5
R = $ 10000 x

0.0075
5
1(1+0.0075)
R = $ 2045.224

11.A = $1000

R = $100
r = 8% compounded quarterly

13.A = $ 18000
r = 7% compounded
semianually
after 2 year change to 8%
semi
anually
n = 15
first payment on 6 month later
New R (R2)?
S = $ 18000 (1 + 0.035)
= $ 18630
R1 = $ 18630 x

0.035
15
1(1+0.035)
= $ 1617.551
Full payment made 11 times
12.A = $ 2000
r = 12% compound monthly
n = 48
R = $ 2000 x

0.01
1(1+0.01)48

After 2 year, interest rate

become 8%
Principal outstanding after 2
year
A sisa = $ 1167.551 x
15+31

1(1+0.035)
0.035

R = $ 52.6676
Principal outstanding
R sisa = $ 52.6676 x

A sisa = $ 12028.972
R2 = $ 12028.972 x

48+371

1(1+0.01)
0.01

R sisa = $ 592.7787
Interest in 36th payment
r in 36th = $ 592.7787 x 0.01
= $ 5.927787
Principal in 36th payment
$ 52.667 - $ 5.927= $ 46.74
Total interest paid
$ 52.667 x 48 - $ 2000 = $
528.016

= $ 1281.713

0.04
1(1+0.04 )12