6 % interest rate for 15 years is 8.43857

Q: The interest rate for 6 months (183 days) is 9.00% and the rate for 7 months (214 days) is 9.15%.…

A: Interest Rate is the benefit investor or depositor get for investing/ depositing money

Q: a fully amortized loan is made for $1,00,000 at 6% for 30 years calculate total amount of interest…

A: The amortization schedule gives information to the borrower and lender about the payment due and the…

Q: An obligation will be amortized by quarterly payments of P670 for 10 years, If interest is at 6%…

A: Quarterly payment (P) = P 670 Period = 10 Years Total number of quarterly payments = 10*4 = 40…

Q: Using 12 percent simple interest per year, how much interest will be owed on aloan of $500 at the…

A: Interest Rate(R) = 12 Loan Amount(P)=$500 Years(T) = 2

Q: find the maturity value on a loan of $2500 at 13.5% interest for 72 months 

A: Assuming compounding interest :Maturity value can be determined using Future value formulaFuture…

Q: 7. AP150,000 loan is to be paid as follows: P 10,000/month Final payment If the annual rate of…

A: Loan amount = P 150,000 First 10 monthly payment = P 10000 Annual interest rate = 12% Monthly…

Q: A loan is released today to be paid in 6 equal payments at the end of 6 quarters. If the interest is…

A: The loan is the amount that a borrower receives from the lender and pays it back in future along…

Q: What equal payments at the beginning of each 3 months for 5 years will discharge a loan of P18,000…

A: Loan amount = P18,000 Quarterly interest rate (r) = 0.03 (i.e. 0.12 / 4) Quarterly period (n) = 20…

Q: What is present value of RM 1456 due in 6 months if 8% interest is paid?

A: The present value can be calculated with the help of present value function.

Q: An obligation of P25,000 with interest of 5% compounded semi-annually must be paid at the end of…

A: Compound interest is the extra interest to the principal amount. In simple it can be defined as…

Q: The two years interest rate is 2%. The four years interest rate is 4%. What is the two year forward…

A: 2 years interest rate = 2%4 years interest rate = 4%

Q: If the nominal annual interest rate is 15%, what is the effective interest rate when interest is…

A: In this question We require to calculate the effective interest rate from below details: Nominal…

Q: What is the difference on the total interest payments between a 25 year 5.65% fixed rate fully…

A: The objective of the question is to find the difference in total interest payments between a 25-year…

Q: How much is the exact interest earned if 4500$ is lent at 12% for 125 days?

A: Interest is the amount charged or received on the amount borrowed or invested for the particular…

Q: 9. (10 points) A loan in the amount of 480,000 is repaid with 20 end of year payments containing…

A: 1. Initial Loan and Payment Information:• Loan Amount (P): $480,000• Number of Payments (N): 20•…

Q: A loan of 109,517.20 is being repaid with level annual payments of K at an annual effective interest…

A: A loan is being amortized by level payment. The quantum of principal repaid in a particular payment…

Q: The interest rate is 10%. Find the effective rate of interest if it is paid seven times a year. O…

A: Effective rate of interest  Effective rate of interest is defined as an interest rate on a loan or…

Q: A loan is repaid by making payments of $2000 at the end of every six months for 12 years. If…

A: Semiannual payment (c) = $2000 Semiannual period (n) = 24 (i.e. 12 years * 2) Nominal interest rate…

Q: A loan of 10.000 TL is repaid in equal annual installments at 10% effective interest rate per year.…

A: Given: Loan amount= 10000 TL Annual effective rate =10% Interest amount in third payment = 868.24…

Q: klp.2

A: The objective of the question is to calculate the present value of a 20-year annuity due that pays…

Q: Scheduled loan payments of $1105 due in 9 months and $1216 due in 24 months are rescheduled as a…

A: The time value of money is a fundamental concept in finance that recognizes the idea that the value…

Q: Find the simple interest paid on a $510 loan at 7.8% annual interest for 19 months.

A: Simple interest can be calculated as: = Principal * Rate * Months / 12

Q: Find the amount due if $800 is borrowed for 18 months at 18% simple interest.

A: Amount borrowed (P) = $800 Period (n) = 18 months Interest rate (r) =0.18 Amount due = ?

Q: Determine monthly installment loan  p 53000 r 6.5 % Payment in a year 12 t 4 years

A: The question gives the following information:

Q: 7. A 300,000 loan is being paid off over 30 years with level payments at the end of each month. The…

A: Calculation of monthly interest rateWe have nominal interest rate - 8 % convertible…

Q: A new loan at 9% compounded quarterly requires quarterly paymets of $727.88 for seven years. Rounded…

A: Interest rate = 9% Quarterly interest rate (r) = 9%/4 = 2.25% Quarterly payment (P) = $727.88 Period…

Q: ind the maturity value of the loan. The maturity value is $ Principal Rate Time $1000 8% 18 months

A: In this we have to find out the maturity value of loan by using future value formula.

Q: Using an effective rate of interest of 8% per annum, calculate the CONVEXITY of the following series…

A: Convexity is the relationship between the duration of a bond, its price and the interest rate. This…

Q: The interest rate is 10% . Find the effective rate of interest if it is paid five times a year. O…

A: Effective interest rate (EIR) is defined as an interest rate on loan or the financial product for…

Q: Principal 150, 000 Interest Rate 12.5% Term of Loan 120 months. Create an amortization table.

A: We take loans to buy expensive things or large ticket things which otherwise we cannot afford. For…

Q: Discount ₱64,820 at 12.25% interest when compounded monthly for 3 years and 7 months

A: Present Value = Future Value /(1 + Interest rate)n

Q: The 4 month interest rate in AUD is 4.25% p.a. and the 15 month AUD interest rate is 5.125%.…

A: To calculate the Forward Rate Agreement (FRA) for a 4x15 FRA, use the following formula:Where:R1 is…

Q: Discount ₱85,900 at 11.75% interest when compounded monthly for 2.5 years and quarterly for 3.25…

A: Solution:- Discounting means the value in the today's terms by pulling the cash flows and…

Q: Find the future value of this loan. $22,102 at 11.2% for 11 months The future value of the loan is $

A: SOLUTION : GIVEN, Present value = $22,102 Rate = 11.2% = 0.112 Times = 11 months = 11   Now,…

Q: A mortgage of $95,000 is to be amortized by monthly payments over 25 years. If the payments are made…

A: Using excel PMT function

Q: For 20-year, $100,000 loan at 4.5% APR what portion of the monthly payment in Month 3 of the…

A: Loan $100000 Interest 4.5% APR Interest annual=100000*4.5%=$4500 Monthly=4500/12=$375

Q: What is the interest if $200 is borrowed for 24 months at 10% simple interest? Interest = $

A: Given Principal = $200 Rate = 10%

Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.