A $90,000 loan at 7.7% compounded semiannually requires monthly payments of $1,600. Calculate the final payment.   $1291.47  $1144.46   $1289.61   $1165.92  $1137.28

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: To borrow $1,200, you are offered an add-on interest loan at 9 percent. Two loan payments are to be…

A: Borrowed Amount = $1,200 Interest Rate = 9% Time Period = 1 Years

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: You have a new 10 year Student loan for $20,000.00 that charges an interest rate of 6.45% compounded…

A: Amortization: It is the systematic writing-off of premium or discount on bonds issued. If the market…

Q: A twenty-year loan of $15,000 is being repaid with payments of X every other year beginning at the…

A: Loans are paid by equal payments that carry the payment of interest and loan.

Q: A loan is taken out at j12 = 18% and is paid back with monthly payments of $279.00, plus a smaller…

A: Annual interest rate j12 = 18% (i.e compounding monthly)henceMonthly interest rate = 18% / 12 =…

Q: Calculate the monthly payment by using the loan amortization table:  (Round your answer to the…

A: Annuity: An annuity is defined as a series of payments, whether received or made, that are equal and…

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

A: Annuity payment on a loan of $10,000 for a period of 5 years at a fixed interest rate of 9% can be…

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: 25. A loan of R15,000 is charged at an annual interest rate of 8%, compounded monthly. If the loan…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: A $17000 loan is to repaid by monthly payments of $390, the first payment is due in one year's time.…

A: given, pv = $17000 pmt = $390 r=10% m=12

Q: Find the payment necessary to amortize a 12% loan of $1300 compounded quarterly, with 8 quarterly…

A: Amortization is the process of paying off a debt, such as a loan or mortgage, in regular…

Q: Find the payment necessary to amortize a 4% loan of $900 compounded quarterly, with 14 quarterly…

A: The regular fixed periodic payments made at each periodic interval indicate annuity payments. The…

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

A:

Q: 1. Loan Amortization Schedule (P/Y = C/Y) Details: RBC has provided a $50,000 loan to Capilano…

A: We have to find the monthly mortgage payment amount and prepare the loan amortization schedule. We…

Q: How much will it cost to purchase an ordinary annuity delivering semiannual payments of $2000 for…

A: Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv], [type])…

Q: Jack borrows $7,000.00 at an interest rate of 15% compounded monthly to be paid off monthly payment…

A: Answer Correct option $6,467.70

Q: You take out 1 $10,000 loan for 7 years at an annual interest rate of 5% and with fixed annual loan…

A: Borrowed amount is $10,000 Annual interest rate is 5% Payment per year is $1,728.20   To Find:…

Q: You are to repay a loan of $3600.00 with 17 quarterly repayments of $240.00, with the first…

A: Given  Loan = $3600 Number of payment = 17 PMT = $240 Interest rate = 7.8390% quarterly compounded…

Q: Find the payment necessary to amortize a 8% loan of $800 compounded quarterly, with 9 quarterly…

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

Q: A loan of $4000 at 7.5% compounded monthly requires three payments of $1000 at 6, 12, and 18 months…

A: Compound interest means the interest on the principal plus the accumulated interest on the previous…

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 $46,000 loan at 8.9% compounded semiannually is to be repaid by semiannual payments of $3,400…

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

Q: Compute the size of the final payment for the following loan. Principal Periodic Payment Payment…

A: Final payment refers to the amount of principal along with interest accrued and unpaid on the loan…

Q: A loan of 6 semi-annual payments of P4,500.00 are to be made for a loan at 5 ½ % compounded…

A: A loan is a fund that is borrowed by individuals and corporates. It includes a certain rate of…

Q: A car dealer offers payments of S522.59 per month for 48 months on a S25, 000 car purchase (Assume a…

A: From the question, we can identify the following values:Monthly payment (PMT) = $522.59Number of…