Question

A couple realizes a real estate financing of R $ 180,000.00, to be paid in 360 monthly installments, with an effective interest rate of 1% per month. The first installment is paid one month after the funds are released and the monthly installment is R $ 500.00 plus 1% interest on the outstanding balance (amount due before payment). Note that, with each payment, the outstanding balance is reduced by R $ 500.00 and consider that there is no arrears. By making the payment in this way, the amount, in reais, to be paid to the bank in the tenth installment is

a) 2,075.00.
b) 2,093.00.
c) 2,138.00.
d) 2 255.00.
e) 2 300.00.

Answer 1

ANSWER: letter D

Explanation:

In the tenth installment, the debit balance is, in reais, of

180000 - 9. 500 = 175500

The 1% interest on this amount results in:

1% . 175 500 = 1755

Thus, the tenth installment is, in reais, 500 + 1755 = 2255