A building is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 12% compounded monthly A 132 B 100 70 121

Q: An installment contract for the purchase of a car requires payments of $311.25 at the end of each…

A: The amount financed for the car is approximately $16,900.60. The total interest cost over the 5…

Q: A house costs 136000. It is to be paid off in exactly ten years with monthly payments of 1678.94.…

A: Cost of the house  = 136000Monthly payment  (PMT) = 1678.94Number of years  = 10 Number of periods =…

Q: A hospital equipment is selling for 93,863.9 downpayment plus 26,184.6 semiannual payment for 4…

A: Down payment=93,863.9 Semi annual payments=26,184.6 time=4 years Interest rate=5.1% compounded…

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

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A house costs $141,000. It is to be paid off in exactly ten​ years, with monthly payments of…

A: An amount of annual percentage which is charged from borrowers of the loan and paid to the…

Q: monthly payment amount be

A: An annuity is the regular payment of an amount at an equal interval. It is a payment of a fixed…

Q: An apartment sells for BRL 675,000, with 25% down payment and the remainder financed by the PRICE…

A: The process of fixing loan payments at a fixed rate every month is called loan amortization. Equal…

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A: Present value is commonly used in various financial calculations, such as determining the fair value…

Q: An installment contract for the purchase of a car requires payments of $272.71 at the end of each…

A: We need to use loan amortisation formula below for calculation of amount financed.  PV…

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A: The rate of interest is the basis for the calculation of monthly, annual, or quarterly interest. Any…

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A: The discounting formula is one plus discount rate divided by a number of year's whole raise to the…

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Q: A person buys a piece of lot for P100,000 down payment and 10 deferred semiannual payments of P8,000…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: Acar loan of $18,290 is to be repaid by equal monthly payments for three years. The interest rate is…

A: Lets understand the basics. When asset is purchased on loan then asset is needed to record at cost.…

Q: machine selling for $10000 may be purchase by paying a $1000 deposit and the balance in equal…

A: in this problem we have to calculate present value FACTOR and from that we can get monthly payments.

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A: Loans are paid by the equal periodic installments and these installments carry the payment for…

Q: A leasing contract calls for an immediate payment of $109,000 and nine subsequent $109,000…

A: Compound = Semiannually = 2Payment = p = $109,000Time = t = 10Discount Rate = r = 14 / 2 = 7%

Q: One building was priced at $ 125,000 . If you advance $ 25,000 and every month after that If $ 1,000…

A:

Q: A house costs $148,000. It is to be paid off in exactly ten years, with monthly payments of…

A:

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A: The time value of money (TVM) is a financial concept that recognizes the idea that a sum of money…

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A: Annuity refers to series of equalized payments that are either made start or end of definite period…

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A: Interest expenses The amount that the borrower pays for the funds borrowed is called the interest…

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A: The cash price can be computed as the sum of down payment and present value of the loan.

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Q: A company wishes to have P 350,000 in 9 years from now for building renovation. The company…

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Q: Find the cost if the project is paid full before it starts.

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of…

A: The payment flow which continues for a definite time period and terminates after lapse of time…

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Q: 16. You borrow $27,000 to purchase a plane. The loan will be paid in monthly installments over one…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: A house costs $139,000. It is to be paid off in exactly ten years, with monthly payments of…

A: House cost = $139,000Monthly payment = $1,599.62Number of years = 10 years

Q: find the outstanding balance at the end of 2 years.

A: Loan is the amount borrowed bank in exchange for principal and interest to be paid either at the end…

Q: Payment of $942 due 1 months ago and $439 due today are to be repaid by a payment of $400 one month…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.