Pre-Finals Bus.FIin

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: How much is the Principal?

• Php. 137,500

• Php. 27,500

• Php. 500,000

• Php. 2,500,000

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: How much is the quarterly rate?

• 5.5%

• 1.375%

• 22%

• 1.1%

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: What is the term agree on

• Php. 500,000

• 5.5%

• 5 Years

• Bank Loan

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: Compute for Total amount that Marie needs to pay for 5 years

• Php. 537,277.5

• Php. 275,917.50

• Php. 572,917.5

• Php.353,677.5

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: Compute for Total Interest that Marie needs to pay to ABC Bank

• Php. 72,917.50

• Php. 37,277.50

• Php. 75,917.50

• Php.53,677.50

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: How much is Marie Monthly due to ABC Bank?

• Php. 4,598.625

• Php. 5,894.625

• Php. 8,954.625

• Php. 9,548.625

Marie wants to start-up her own Milk Tea Shop, She decided to take a bank loan for ABC Bank for

Php. 500,000.00 with an annual interest rate of 5.5% with in 5 Years.

Q: Compute for monthly interest?

• Php. 1,239.91

• Php. 1,521.39

• Php. 2,115.91

• Php. 1,215.29

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: How much is the principal loan?

• Php. 1,000,000

• Php. 300,000

• Php. 700,000

• Php. 3,500,000

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: How much is Rey Monthly Payment to the Bank?

• Php. 20,493.03

• Php. 9,607.545

• Php. 12,296.49

• Php. Php. 4,426.73

Rey wants to expand her RTW Business, He needs an additional capital of Php. 1,000,000.00. However, He only raised Php. 300,000 from his savings and decides that the rest will undergo a Bank loan for 3.5 years with a monthly interest of 1%.

Q: Compute for total amount he will pay for a year

• Php. 203,290.48

• Php. 115,290.54

• Php. 147,557.88

• Php. 245,916.036