A car loan of $46,700 is amortized over 8 years by equal end-of-month payments at 2.9% compounded monthly. What is the amount still owing after 2 years? A. $36,019.15 B. $30,522.60 C. $43,208.24 D. $45,833.37

Q: A $31,000 new car loan is taken out with the terms 3​% APR for 48 months. How much are monthly…

A: Loan amount (PV)=$31,000 Rate per period (i)=0.0312=0.0025 Duration (n)=48 periods Monthly amount…

Q: The interest rate on a $14,200 loan is 8.6% compounded semiannually. Semiannual payments will pay…

A: Given: Loan = $14,200 Interest rate =8.6% Years = 9

Q: Payment of loans: Calculate the value of the monthly payments for a loan of ¢300,000.00 in a credit…

A: Monthly Installments - - It includes a portion of principle payment along with Interest. Monthly…

Q: Complete the equal-payments four -year amortization table. Interest rate on this loan is…

A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…

Q: A debt can be repaid by payments of $3125.00 today, $2770.00 in two and half years and $4600.00 in…

A: To Find: Single Payment to settle debt four years from now

Q: A loan with an interest rate of 4.2% compounded quarterly was obtained for $45,000. The payments…

A: Loan Amount = $45,000 Payment Per month = $400 Time Period =12 Years Interest Rate = 4.2% compounded…

Q: (1) The total amount of a loan to which interest has been added is P 200,000. The term of the loan…

A: Data given: Total interest = P200,000 t=4.5 years Simple interest = 6%   Formula for simple interest…

Q: You got a loan today of $10,000 for 3 years, annual interest rate is 6%. The annual payment is…

A: Annual Payment of Loan: It is the periodic payment of a loan including interest for a pre-defined…

Q: Determine the principal remaining after 36 monthly payments have been made for a 5-year loan of…

A: Loan (L) = P 40000 n = 5 years = 60 months Interest rate = 8% quarterly compounded Let r = Monthly…

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 $100,000 mortgage loan at 6.3% compounded semi-annually has a 25-year amortization period.…

A: A mortgage is a covered loan borrowed to purchase a property. The property itself acts as collateral…

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: 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: 1. The total price of the car : 24,000 2. Down payment percent: 10% 3. Interest rate: 7.5% 4. Loan…

A: Loan can be referred as the long-term debt or the lump sum funds that an investor seeks from the…

Q: 14) A loan of $8000 is to be repaid with monthly payments for three years at 12% interest compounded…

A:

Q: Find the vehicle payment under the following conditions: A loan of $16,000.00 at 4.9% compounded…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: 2. $6500 was borrowed at an interest rate of 12% compounded semi-annually. If the loan is to be paid…

A: Given: Rate of interest(r) =12%p.aRate semi-annually=6%Time (t) =5 yearsTotal No. of…

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: Shelby's student loan of $25,500 at 3.32% compounded quarterly was amortized over 6 years with…

A: Loans are paid by montly payments and these are fixed payments and these payments carry the payment…

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: A fully amortizing mortgage loan is made for $100,000 for 15 years. The interest rate is 6 percent…

A: Loan installment is that which is paid by borrower to lender for a specified period of time. This…

Q: A $33,950 loan at 10.6% compounded semiannually is to be paid off by a series of $4,000 payments…

A: use NPER function in excel.   1. Type =NPER and press tab key. 2. Type 10.6%/2,  (this is the…

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 5-year $10,000 loan requiring monthly payments at a fixed rate of 9% is amortized into five-year…

A:

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: son.2

A: The objective of this question is to find the effective interest rate charged on a loan of $138,160…

Q: The cash flows associated with an investment project are as follows:   Cash Flows   Initial Outflow…

A: The payback period method is an important technique in capital budgeting that is used to evaluate…

Q: A 10-year $14,600,000 long-term loan from the American Bank. The loan has the following terms: a.…

A: A. Normally companies debt to equity ratio should be either equal or below 2:1 B. Due to high raise…

Q: A loan charging 6% interest compounded semi-annually, was repaid in three installments in 1 year:…

A:

Q: Find the amount of the payment necessary to amortize each of the given loans. 53. $32,000 at 8.4%…

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

Q: A loan with interest at 10% converted semiannually is to be amortized by equal payments of…

A: Interest rate = 10% Semi annual interest rate (r) = 10%/2 = 5% Period = 9 Years Number of payments…

Q: A $33,000 new car loan is taken out with the terms 3% APR for 48 months. How much are monthly…

A: Car loan = 33000 APR = 3% APR per month = 3%/12= 0.25% Total Months= 48 PMT find out: Option C)…

Q: Scott's student loan of $22,500 at 3.42% compounded quarterly was amortized over 3 years with…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: i. ii. Yea r 1 2 3 4 How large is the annual payment? Complete the following amortization schedule:…

A: Given, Loan amount = RM36,000 Rate of Interest = 8% ( annual compounding ) Tenure of the loan = 4…

Q: Zachary's student loan of $28,000 at 4.42% compounded quarterly was amortized over 3 years with…

A: Data given: Loan=$28000 r=4.42% (compounded quarterly) N=3 years   Working Note #1 Calculation of…

Q: a. Calculate the interest component of Payment 13. Interest b. Calculate the principal component of…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

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: THANSKSSS FOR THE HELP

A: The objective of the question is to find out how much principal is owing at the end of two years for…