quiz 4-Part B - solution

Assignment - 11. Quiz: Savings Accounts SECTION 1 OF 1 QUES ASSIGNMENTS COURSES Attempt 1 of 1 « < 3 4. 6 7 8 The simple interest rate in a payment plan is 12%, and the principal amount borrowed is $10,000. Which function denotes the total amount that is paid back after t years. Of (t) = 10000 + 1200t Ok (x) = 10000 1.12t O g(z) = 10000 + 12t %3D Oh (x) = 12000t SUBMIT ANSWER O ASK FOR HELP TURN IT IN here to search 100

Given a loan amount​ P, an annual interest rate​ r, and the length of the loan in​ years, find the monthly payment R necessary to pay off the loan by completing parts a through c. Represent the number of monthly payments by n.   Amount Rate Time ​$50,000 5​% 20 years       Question content area bottom Part 1 a. Calculate P1+r12n and call this number A.   A=enter your response here ​(Round to two decimal places as​ needed.) Part 2 b. Calculate 1+r12n−1r12 and call this number B.   B=enter your response here ​(Round to two decimal places as​ needed.) Part 3 c. Let R​ = AB.   The monthly payment necessary to pay off the loan is R=​$enter your response here. ​(Round up to the nearest​ cent.)

Q1 C

Problem #3: A loan of amount $16720.82 is repaid in 15 annual payments beginning 1 year after the loan is made. The first 6 payments are $1000 each, and the final 9 payments are each $2000. Interest is at an effective annual rate of 4.2%. What is the amount of the principal repayment in the 6th payment? Problem #3: 2/2V 329.49 Answer correct to 2 decimals. A

solute question （b）please. I want a solution written by hands to show why the answer of(b) is 2334.53

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Module 2.6: Understandin... Question Calculate the total cost of a 15-year, $20,000 student loan at an interest rate of 4.5% per year compounded monthly. Round to the nearest dollar. CURRENT OBJECTIVE Evaluate student loan options Provide your answer below: @ W S 3 e d C $ 4 r f 0 % 5 t A 6 Oll y h & 7 FEEDBACK J * 8 j Von b MORE INSTRUCTION m ( 9 k O O SUBMIT P

Can you help me to find the full repayment for this question, please?

H3. A loan of $18430 is to be repaid at 4% effective by payments of $1500 at the end of each year for as long as possible and an additional smaller payment X made one year after the last full payment. Calculate X. A 367.68 B 369.17 C 358.25 D 353.54 E 376.99    Please show proper step by step calculation

solve part B please

Please do it ASAP and correctly

Need answer the financial accounting question

14: Answer both questions

QUESTION 6 You have a 7-year loan of $80,000. The borrower will pay $8,500 at the end of Year 1, $9,500 at the end of Year 2, and $7,500 at the end of Year 3, plus X at the end of each year from Year 4 through Year 7. X is the fixed but unspecified cash flow. The loan's rate is 9%. What is X? O $22,3617.01 O $21,954.25 $23,350.31 O $19,411.02

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So.2

Q1. A $200,000 loan amortized over 14 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove the loan when interest is charged on the unrecovered balance of the principal. If interest is charged on the original principal instead of the unrecovered balance, what is the loan balance after 14 years provided the same $21,215.85 payments are made each year?     The loan balance is $ .

Answer? ? Financial accounting question

fill the payment necessary to amortize the loan  $10,500, 12% compound monthly , 48 monthly payment  Answer : 276.50

Problem E: Effective cost of Short‐term Loan:ABC will be acquiring a P4,000,000 loan from XYZ Bank. 13. The detail are 6‐month term, 3% interest, P40,000 bank chargeand P50,000 compensating balance.Required:1. How much is the compound effective annual interest?

LESSON # 17 (1 WHOLE) PROBLEM: How is the manthly payment of P350,000 loan which is to be repaid monthly for 1 year with on interesrt OF 10% compounded annually ? SHOW AN AMORTIZATION TABLE