2022 CEC quiz 3 Chpt5

Prove the loan payment​ formula, shown below.   PMT=Prn1−1+rn−nt       Question content area bottom Part 1 Manipulate the formula shown below to prove the loan payment formula. The left side of the equation is the future value of the principal amount and the right side is the future value of the loan payments.​ First, solve the equation for PMT.   P1+rnnt  = PMT1+rnnt−1rn

1) Use the Loan worksheet to complete the loan amortization table.

In cell F2, insert the IPMT function to calculate the interest for the first payment. Copy the function to the range F3:F25. (The results will update after you complete the other functions and formulas.) 2) In cell G2, insert the PPMT function to calculate the principal paid for the first payment. Copy the function to the range G3:G25. 3) In cell H2, insert a formula to calculate the ending principal balance. Copy the formula to the range H3:H25. 4) Now you want to determine how much interest was paid during the first two years.

In cell B10, insert the CUMIPMT function to calculate the cumulative interest after the first two years. Make sure the result is positive. 5) In cell B11, insert the CUMPRINC function to calculate the cumulative principal paid at the end of the first two years. Make sure the result is positive. 6) You want to perform a what-if analysis to determine the rate if the monthly payment is…

01-10 11 12 13 14 15 16 17 18 19 20 21-30 31-40 41 Question 14 When evaluating a loan you should make sure you know the annual interest rate, length of loan, payment penaltles, and any fees that will be charged. Your answer: O True O False Clear answer Pause test Back Next

Match the words with the term.   Question 13 options: 12345 mortgage 12345 trade receivables 12345 equipment 12345 working capital 12345 inventory   1. factoring 2. warehouse financing 3. line of credit 4. term loan 5. building

CENGAGE MINDTAP Ch 07: Assignment - Using Consumer Loans 12. Buy on time or pay cash? You are going to make a substantial purchase. You have enough money to pay cash, but don't know if that's the way to make best use of your assets. Maybe you should take out an installment loan to make the purchase and invest the cash you would otherwise have used to pay for it. Use the information provided to complete the following worksheet and analyze how the numbers work out most favorably for you. For simplicity, compounding is ignored in calculating both the cost of interest and interest earnings. [Note: Enter your dollar answers rounded to the nearest two cents and precede numbers that are less than zero (0) with a minus sign (-).] Q Search this course ? Khloe ✓ A-Z

Check Progress QUESTION FINANCING AND SETTLEMENT » FINANCING LEGISLATION 32 c When a buyer goes in to apply for a loan on a new first mortgage, what must the lender give to the buyer? Glossary Terms Mortgage, ANSWERS EXPLANATION A > The broker's commission amount B > An estimate of the buyer's closing costs C> An estimate of the seller's closing costs D> A three day right of rescission document on the buyer's loan CONN ESTW ITL CI SCEPTR

The question is how do I make the Excel Tables correctly before trying to plot the remaining units and get by solving those in the spreadsheet?

What should an investment analyst look into before recommending an investment to clients? How should a commercial loan officer analyze a loan application that includes 3 years' worth of financial statements?

What is the right answer from A to D? Please help me

Question 34 of 50: Select the best answer for the question. 34. Which of the following would a lender most likely use to determine whether a firm could make its current loan payments? O A. Asset management ratios O B. Liquidity ratios OC. Profitability ratios OD. Market value ratios Mark for review (Will be highlighted on the review page)

A borrower has two alternatives for a loan: (1) issue a $630,000, 75-day, 6% note or (2) issue a $630,000, 75-day note that the creditor discounts at 6%. Assume a 360-day year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Compute the amount of the interest expense for each option. Round your answer to the nearest dollar. for each alternative. b. Determine the proceeds received by the borrower in each situation. Round your answers to the nearest dollar. < (1) $630,000, 75-day, 6% interest-bearing note: $ (2) $630,000, 75-day note discounted at 6%: $ c. Alternative is more favorable to the borrower because the borrower

march eacg Letter to the correct  number answer  to the left: 1.       Interest 2.       Monetary asset 3.       Compound interest 4.       Simple interest 5.       Annuity 6.       Present value of a single amount 7.       Annuity due 8.       Future value of a single amount 9.       Ordinary annuity 10.   Effective rate or yield 11.   Nonmonetary asset 12.   Time value of money 13.   Monetary liability     1.       ______ 2.       ______ 3.       ______ 4.       ______ 5.       ______ 6.       ______ 7.       ______ 8.       ______ 9.       ______ 10.   ______ 11.   ______ 12.   ______ 13.   ______ a.       First cash flow occurs one period after agreement begins b.       The rate at which money will actually grow during a year c.       First cash flow occurs on the first day of the agreement d.       The amount of money that a dollar will grow to e.       Amount of money paid/received in excess of amount borrowed/lent f.        Obligation to pay a sum of cash, the amount of which…

I need answer typing

When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The guarantees, or additional forms of security (such as assets) the entrepreneur can provide the lender is known as? *         conditions       capacity       collateral       capital

Question 4 of 16: You have worked on your balance sheet to figure out how to finance an expansion plan. Which of the following would be the most realistic plug figure to use? Select an answer: loans payable paid-in capital liabilities investments Drouioun

Math Concepts 6. Exam 3 Name: Assume that the following loan was paid in full before its due date. Regular Monthly Payments $785 APR 6.5% Remaining Number of Scheduled Payments after Payoff 36 (i) Obtain the value of h. (ii) Find the amount of unearned interest by the actuarial method.

What type of loan requires both principal and interest payments as you go by making equal payments each period? 13 Your choice: 13/15 Qs A: Amortized loan B: Interest-only loan C: Discount loan D: Compound loan

Business Math Worksheet 8.2: Installment loans-Amount Financed Name Background: An installment loan is repaid in several equal payments over a specified period of time. Usually, you make a down payment to cover a portion of the cash price of the item. The amount you finance is the portion of the cash price that you owe after making the down payment. Amount Financed = Cash Price - Down Payment Down Payment = Cash Price x Percent 1. Flora Quinton is buying a new air compressor for her auto repair shop. It sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance? 2. Beatriz Ruiz is buying new office furniture. It sells for a cash price of $2,358.60. The down payment is $200.00. What is the amount financed 3. An office remodeling project costs $15,880. If you pay $3,680 towards the project, how much do you finance?

I need help with questions 4 to 7 and please show how to work on the Excel Table.