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  • BPI SIP Regular Rates and Sample Computation

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    crystel villatima
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    This document outlines sample installment plans for repaying 10,000 pesos over different time periods from 3 to 18 months. It provides the factor rates, which are the monthly interest rates, for each time period and uses these rates to calculate the total amount payable, including interest, over the installment plan. Shorter plans have higher monthly interest rates while longer plans have lower monthly rates.

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    sample computation

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    This document outlines sample installment plans for repaying 10,000 pesos over different time periods from 3 to 18 months. It provides the factor rates, which are the monthly interest rates, for each time period and uses these rates to calculate the total amount payable, including interest, over the installment plan. Shorter plans have higher monthly interest rates while longer plans have lower monthly rates.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    42 views2 pages

    BPI SIP Regular Rates and Sample Computation

    Uploaded by

    crystel villatima
    This document outlines sample installment plans for repaying 10,000 pesos over different time periods from 3 to 18 months. It provides the factor rates, which are the monthly interest rates, for each time period and uses these rates to calculate the total amount payable, including interest, over the installment plan. Shorter plans have higher monthly interest rates while longer plans have lower monthly rates.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    BPI Special Installment Plan ( shouldered by Cardholder ) Factor Rates and Sample Computation

    Months Factor Rates 10k x Factor rate Total Payable with Interest
    3 0.355833 3,558.33 10,674.99
    6 0.186667 1,866.67 11,200.02
    9 0.130411 1,304.11 11,736.99
    12 0.102433 1,024.33 12,291.96
    18 0.075856 758.56 13,654.08

    10,000.00 Gross Amount


    X .355833 ( 3 months) Factor Rate
    3,558.33 Monthly Installment
    X 3 months__________
    10,674.99 Total Payable for the next 3 mos.
    Sample Computation
    Interest Amount ( Percentage) Interest per Month
    674.99 6.75% 2.25%
    1,200.02 12.00% 2.00%
    1,736.99 17.37% 1.93%
    2,291.96 22.92% 1.91%
    3,654.08 36.54% 2.03%

    225.00
    674.99

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