Installment Schemes

1. Monthly payment of P40,300.25 for 2 months with an interest of 6% of the cash price.

𝑨 = 𝟖𝟎, 𝟎𝟎𝟎
𝒓 = 𝟎. 𝟎𝟔
𝒎 = 𝟏𝟐
𝒏=𝟐
𝟎. 𝟎𝟔
𝒊=
𝟏𝟐
𝑨𝒊
𝑹𝑨 =
[𝟏 − (𝟏 + 𝒊)−𝒏 ]
𝟎. 𝟎𝟔
𝟖𝟎, 𝟎𝟎𝟎 ( 𝟏𝟐 )
=
𝟎. 𝟎𝟔 −𝟐
𝟏 − (𝟏 + )
𝟏𝟐
= 𝟒𝟎, 𝟑𝟎𝟎. 𝟐𝟓

Periodic Interest per Payment to the Outstanding

Period
Payment period Principal Balance
0 80,000
1 40,300.25 400 39900.25 40,099.75
2 40,300.25 200.50 40,099.75 0

2. Monthly payment of P20,334.44 for 4 months with an interest of 8% of the cash price.

𝑨 = 𝟖𝟎, 𝟎𝟎𝟎
𝒓 = 𝟎. 𝟎𝟖
𝒎 = 𝟏𝟐
𝒏=𝟒
𝟎. 𝟎𝟖
𝒊=
𝟏𝟐

𝑨𝒊
𝑹𝑨 =
[𝟏 − (𝟏 + 𝒊)−𝒏 ]
𝟎. 𝟎𝟖
𝟖𝟎, 𝟎𝟎𝟎 ( 𝟏𝟐 )
=
𝟎. 𝟎𝟖 −𝟒
𝟏 − (𝟏 + 𝟏𝟐 )
= 𝟐𝟎, 𝟑𝟑𝟒. 𝟒𝟒
 Interest per Payment to the Outstanding
Period Periodic Payment
Period Principal Balance
0 80,000
1 20,334.44 533.33 19,801.11 60,198.89
2 20,334.44 401.33 19,933.11 40265.78
3 20,334.44 268.44 20,066.00 20,199.78
4 20,334.44 134.67 20,199.77 0.01

3. Monthly payment of P10,378.63 for 8 months with an interest of 10% of the cash price.

𝑨 = 𝟖𝟎, 𝟎𝟎𝟎
𝒓 = 𝟎. 𝟏𝟎
𝒎 = 𝟏𝟐
𝒏=𝟖
𝟎. 𝟏𝟎
𝒊=
𝟏𝟐
𝑨𝒊
𝑹𝑨 =
[𝟏 − (𝟏 + 𝒊)−𝒏 ]
𝟎. 𝟏𝟎
𝟖𝟎, 𝟎𝟎𝟎 ( )
= 𝟏𝟐
𝟎. 𝟏𝟎 −𝟖
𝟏 − (𝟏 + 𝟏𝟐 )
= 𝟏𝟎, 𝟑𝟕𝟖. 𝟔𝟑

Periodic Interest per Payment to the Outstanding

Period
Payment Period Principal Balance
0 80,000
1 10,378.63 666.67 9,711.96 70,288.04
2 10,378.63 585.73 9,792.90 60,495.14
3 10,378.63 504.13 9,874.50 50620.64
4 10,378.63 421.84 9956.79 40,663.85
5 10,378.63 338.87 10,039.76 30,624.09

6 10,378.63 255.20 10,123.43 20,500.66

7 10,378.63 170,84 10,207.79 10,292.87

8 10,378.63 85.77 10,292.87 0
 M.U.T Bag
Mechanical Utility Bag

P 80,000
 Weather Resistant
 Finger Print Scanner
 Wi-Fi 10 Gbps Speed
 Ink Refiller and Bluetooth Speaker
 USB Charger

Description:

MUT Bag is the bag for the millennials and teenagers alike. Because it
has the equipment for millennials or teenagers in their everyday lives. It has its
own personal Wi-Fi, Bluetooth, fingerprint security, USB charger, ink refiller and it
is waterproof.

Mechanism:

It has a tablet installed in the bag to open your network setting such as
Bluetooth and Wi-Fi that can also install apps of your choice. A 100 mbps Wi-Fi
speed to connect to the internet. Has a strong security with fingerprint scanner
that could only be opened using the finger print of the owner. Also, a Bluetooth
speaker installed and a portable USB charger to play music anytime, anywhere
whether you’re alone or together with your friends. Plus, it has an ink refill for
your ball pens, so you would no longer worry about pens that run out of ink in
case of emergency. Other than these, it is also weather resistant; it’s waterproof
good for the rainy season, and also a thermal resistant for hot weather.

Importance:

It is important to have this bag. Because these things are needed of

millennials and teenagers alike. Also, it can help teenager to be in today’s trends.
GROUP 6
Frances Clare Angala
Aerom Patrick Angue
Jaisie Manzanero
Joshua Milan
Andrea Nicole Refrea