A loan of £ 2,120,000 is repayable by equal quarterly payments for 15 years. The effective rate of interest is 6% pa. iv. What is the total interest paid after the 25th payment? v. What is the amount of capital portion in the 54th payment?

Q: A loan of £10,000 is repaid by annual payments of £1,300 each at the end of the year. How long does…

A: NPER or the number of periods is the calculation of the total periods of payment considering a…

Q: A loan is being repaid with 10 payments of RM2,000 followed by 10 payments of RM1,000 at the end of…

A: First 10 semi annual payment = RM 2000 Next 10 Semi annual payments = RM 1000 Annual interest rate =…

Q: loan is to be amortized by equal payments of P5,000 at the end of each six months for 10 years. If…

A: Using excel PV function to calculate the present value of loan

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: A loan of $1000 is paid off in 12 monthly payments of $120 each. What is the effective annual…

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

Q: A loan of £10,000 is repaid in 5 years with quarterly payments made in arrears. The initial payment…

A: Using the formula below you would have found that the first payment (P) is GBP 2286.150662 P = Loan…

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: a) What is the present worth ofequal payments of $25,000 made semi-annually (i.e., twice every year)…

A: Semi annual payment (P) = $25,000 Interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan Amount = 1,000,000 Interest Rate = 10% Time Period = 60

Q: a. Set up an amortization schedule for a GHȼ 25,000 loan to be repaid in equal installments at the…

A: Annual Payment  = Principal × Rate (1+rate )n/ (Rate + 1)n -1  Loan Amount = GH¢ 25,000 Time (n) = 5…

Q: Set up an amortization schedule for a Rs 100,000 loan to be repaid in equal installments at the end…

A: in this we have to calculate present value FACTOR and find out equal annual payment.

Q: A loan of $60000 at j4 = 6% is to be repaid over 20 years with semi-annual payments. a) How much…

A: Amortization refers to the systematic and regular repayment of the loan amount including the…

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: A loan of size L is to be paid off by payments of 2000 each year for 10 years. The principal repaid…

A: The question is based on the concept of loan amortization and sinking fund. The question can be…

Q: 3. A 10,000 loan is taken out and the interest rate is 8 percent effective. Payments are made on the…

A: GIVEN, Loan is taken  - $10000            Interest rate  - 8% Paayment is to be completed in 10…

Q: How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid…

A: Future value refers to the value of a current asset on some future date affected by the interest…

Q: A LOAN WAS TO BE AMORTTIZED BY A GROUP OF SIX END-OF YEAR PAYMENTS FORMING AM ASCENDING ARITHMETIC…

A: Initial Payment = 15,000 Php Successive payments = 1,000 Php  Interest rate = 16%

Q: A loan is amortized over 5 years with monthly payments at a nominal interest rate of 12% compounded…

A: First monthly payment (M) = 200 Monthly growth rate (g) = 1% Monthly interest rate (r) = 12%/12 = 1%…

Q: A loan of $10200 is to be amortized with quarterly payments over five years.  The interest on the…

A: Amortization of a loan refers to the process of gradually paying off the loan debt over a specific…

Q: Determine the periodic payment.

A: Periodic Payment = PV x r / [1 - {1 / (1 + r)^n}] Here, PV = Present Value i.e. P100000 r = Periodic…

Q: A loan for $36, 000 was obtained to be paid off over 5 years at 5.5% P. A with monthly repayments. a…

A: First, the present value annuity formula can be employed to determine the monthly payment (PMT).…

Q: A loan of 10,000 is to be repaid during 5 years with equal monthly payments of p. The interest rate…

A: In this we have to calculate present value of both option.

Q: loan is repaid monthly and the annual effective interest rate is 6.9% pe nnum. The capital…

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

Q: A business loan worth Php 1,000,000 is to be repaid quarterly in 2 years . The interest rate is 10%…

A: in this we have to find present value FACTOR and find quarterly payment and solve remaining part.

Q: The monthly payments on a 20-year loan of $25,000 at 6.8% interest are $190.83. (a) What is the…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: A loan of P40,000.00, with interest at 6% payable semiannually is to be amortized by equal payments…

A: Loan (X) = P 40000 r = 6% per annum = 3% semiannually n = 5 years = 10 payments Let periodic payment…

Q: A loan of $6,000 is repaid by payments of $544 at the end of every three months. Interest is 7%…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: 6) A loan of 1000 at a nominal annual interest rate of 10% + x compounded monthly is repaid by four…

A: We can solve the above problem using the goal seek function in excel. We have to find the value of…

Q: A $45,000 loan at 8.7% compounded semiannually is to be repaid by semiannual payments of $3,300…

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

Q: what was the corresponding interest rate if it compounded quarterly?

A: Interest Rate: It is the rate for computing either the present value of an amount or the future…

Q: A loan of P 58,000 with interest at 20% compounded quarterly, will be paid by equal periodic…

A: Quarterly Compounding: It is  interest amount that  is earned quarterly on an account. It mean…

Q: A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total…

A: The interest rate on the loan: The interest paid on a loan taken is the cost of the money taken as a…

Q: A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Find the amount borrowed for the loan described. (Round your answer to the nearest cent.) R =…

A: Here, Semi Annual Payments is $878.80 Interest Rate is 5.8% Compounding Period is Semi Annual i.e 2…

Q: A loan of X pesos will be paid in 48 equal monthly payments, starting 6 months from the release of…

A: Loan – X Monthly payment – P 5782 Interest rate – 18% p.a. c.m. or 18/12 = 1.5% p.m. Time – 48…

Q: A loan taken from Riyadh Bank; needs to be paid off, in N years. If the loan is equal to 40…

A: Let the identical payments be x. so the loan value will be 40x. It is given that the interest rate…

Q: An amount equal to $50,000 is borrowed at 7% annual compound interest.a. What size equal annual…

A: Given information: Amount borrowed is $50,000 Interest rate is 7% Number of payments is 5

Q: A loan of £50, 000 is repayable by equal payments at the end of each of the next 5 years. Interest…

A: A sum of money payable as one of the numerous equal payments over a certain period of time is…

Q: A loan of $1500 is to be repaid by annual payments of $250 to commence at the end of the fifth year…

A: Loan balance at 5th year = Present value*(1+rate)^years Loan balance at 5th year = $1,500 * (1+5%)^4…

Q: A loan of £10,000 is repaid in 10 annual instalments of £1,3 What is the interest rate? i= Enter a…

A: in this question we will be calculating the interest rate on the loan ℒ10,000 repaid in  10 annual…

Q: An individual borrows £15,000 to be repaid in 10 years with monthly payments at the end of each…

A: Loans are repaid through fixed periodic payments. The fixed periodic payments include both interest…

Q: 3. A loan of $50,000 due in one year is to be repaid by three equal payments due today, six months…

A: A loan is one where the lender provides money to the borrower on interest. The lender received…