← SetsBusiness Mathematics — Set 5
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Business Mathematics Practice Questions — Set 5
10 free Business Mathematics reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 5 of 8.
41
What is an amortized loan?
42
What is the formula to calculate monthly payment for a loan?
43
You borrow ₱500,000 for a car at 12% annual interest for 5 years. What is the monthly payment?
44
What is the outstanding balance of a loan?
45
In an amortization schedule, what happens over time?
46
What is a balloon payment?
47
You have a ₱1,000,000 home loan at 6% annual interest for 20 years. What is the monthly payment?
48
What is loan-to-value (LTV) ratio?
49
What is the total interest paid on a ₱300,000 loan with monthly payments of ₱6,000 for 5 years?
50