6 % interest rate for 15 years is 8.43857

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: 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: 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: 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: 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 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: 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

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.