A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly repayable in equal quarterly installment for 10 years. Payments made at the end of each quarter.  Find the quarterly payment. CHOICES: None of the above P1,255,25 per quarter P1,655.33 per quarter P1,827.79 per quarter

Q: a. Complete an amortization schedule for a $12,000 loan to be repaid in equal installments at the…

A: workings:

Q: Given the annual interest rate and a line of an amortization schedule for that loan, complete the…

A: An amortization schedule is a table that shows the breakdown of each loan payment, detailing how…

Q: A loan of $2982 is repaid in three years. Find the amount of interest paid on the loan if it is…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: A loan of $34,200.00 at 5.50% compounded semi-annually is to be repaid with payments at the end of…

A: The objective of the question is to calculate the size of the periodic payment and the total…

Q: A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly…

A:

Q: bank also charges you a loan initiation fee of $25, which is taken out of the initial proceeds of…

A: The effective annual interest rate is a crucial concept in finance that is used to describe the true…

Q: What is the outstanding balance of the loan after the 2nd year

A: Compound interest is the amount of interest charged on interest. In this method the interest…

Q: If you borrow $4,600 at $850 interest for one year, what is your effective interest rate for the…

A: The Effective Annual Rate (EAR), also known as the annual equivalent rate (AER) or annual percentage…

Q: Kingsley Toyota borrowed $175,000 from a local bank. The loan requires Kingsley to pay 15 equal…

A: The present value of all monthly payments and present value of balloon payment should be equal to…

Q: The interest rate on a $51,000 loan is 7.9% compounded semiannually. Quarterly payments will pay off…

A: Interest rate = 7.9% Compounded semiannuallyLoan Amount = $51000Loan payoff period = 12 YearsPayment…

Q: A loan of $25,250.00 at 4.00% compounded semi-annually is to be repaid with payments at the end of…

A: Payment per period can be calculated using PMT function in excel.PMT(rate, nper, pv, [fv],…

Q: An individual borrows $4,500 from the bank to be repaid in three equal annual installments, with the…

A: Using PMT function in excel

Q: The interest rate on a $57,000 loan is 8.6 % compounded semiannually. Quarterly payments will pay…

A: An amortized loan has been presented with all the details. Several questions follow on the interest…

Q: A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly…

A: Answer : Quarterly interest rate = 8%/4 = 2% Number pf quarter in 10 years = 10*4 = 40 Loan amount =…

Q: A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly…

A: The question is based on the concept of Financial Management. Annuity refers to the series of equal…

Q: A car loan of $46,700 is amortized over 8 years by equal end-of-month payments at 2.9% compounded…

A: Ans = 36019.15     =PMT((2.9%/12),8*12,-46700,0) = $ 545.65

Q: a. Complete an amortization schedule for a $26,000 loan to be repaid in equal installments at the…

A: Loan amortization refers to the systematic and regular repayment of the loan amount and its interest…

Q: a. Complete an amortization schedule for a $19,000 loan to be repaid in equal installments at the…

A: The amortization schedule represents how the principal balance on the loan will be repaid over the…

Q: Calculate the loan principal.

A: We can determine the loan amount using the formula below:

Q: n in an amortization table (in dollers) for a loan of $8,500 to be paid back over 2 years, at an…

A: Outstanding balance is the amount of loan remaining after payment of principal amount.

Q: A loan of $20,000 is paid off with installments of $1400 made at the end of each six months. The…

A: Given Information : Loan amount = $20,000 Semi - annual Payment  =$1,400 Interest rate = 7%

Q: The interest rate on a $55,000 loan is 8.2% compounded semiannually. Quarterly payments will pay off…

A: Here, Loan Amount $ 55,000.00GivenInterest Rate8.20%GivenTime Period in years14GivenCompounding…

Q: You borrowed $3000 at 9% per annum calculated on the unpaid monthly balance and agreed to repay the…

A: Borrowing = 3000 Interest Rate = 9% Monthly Payment = 500   Monthly Rate = 9%/12 = 0.75%

Q: Seaco Products produced 10, Secret products produce 10, 000 gears with the following unit cost…

A: Variable costs are those nature of costs which changes along with change in sales activity level.…

Q: the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and…

A: In case of mortgage loan, a series of equal periodic payment is made at equal interval for a…

Q: What is the size of the final payment of money is borrowed at 6% Compounded semi annually?

A: Loan payment: These are periodic payments made by the borrower to the lender for the amount of…

Q: You have taken a loan of $78,000.00 for 20 years at 4.9% compounded quarterly. Fill in the table…

A: An amortization table, also known as an amortization schedule, is a financial summary that displays…

Q: A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly…

A: Introduction The phrase "quarterly compounding" refers to a way of determining the rate of return…

Q: Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 9 percent per…

A: Repayment of loan is made in fixed instalments which includes part of principal or borrowed amount…

Q: Installment note payable borrowed from the bank Present value interest factor from table Signed for…

A: A written promissory note is a note payable. In this arrangement, the borrower receives a certain…

Q: Certain Concrete Company deposits $2,000 at the end of each quarter into an account paying 11%…

A: A series of periodical equal cash flows over a finite period is referred to as annuity. Since the…

Q: If you borrow $7,300 at $800 interest for one year, what is your effective interest rate for the…

A: The effective rate of interest is the return on savings or interest on investment that takes into…

Q: you  borrow $20,000 from a bank to be repaid in three equal annual instalment at 9% interest…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end…

A: The Annual Effective Rate is used to express the annual interest rate on a financial product, such…

Q: A loan of $34, 200.00 at 5.50% compounded semi - annually is to be repaid with payments at the end…

A: The objective of this question is to calculate the size of the periodic payment and the total…

Q: A loan of $24,800.00 at 5.00% compounded semi-annually is to be repaid with payments at the end of…

A: The objective of the question is to calculate the size of the periodic payment and the total…