A loan of £10,000 is repaid in 10 annual instalments of £1,300, with the first repayment due in one year.What is the interest rate?%Enter a percentage correct to 1 decimal place.

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

Answered: A loan of £10,000 is repaid in 10…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1. Based on the information, determine the value of each "? " in the following table Loan principal = &10,000 Interest rate 6% / yr Duration of loan = 3 yrs 66 66 %3D EOY Interest Paid Principal Payment 1 $600 ? 2 $411.54 $3,329.46 3 ? ?
Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ fill in the blank 60 $ fill in the blank 61 $ fill in the blank 62 $ fill in the blank 63 $ fill in the blank 64 2 $ fill in the blank 65 $ fill in the blank 66 $ fill in the blank 67 $ fill in the blank 68 $ fill in the blank 69 3 $ fill in the blank 70 $ fill in the blank 71 $ fill in the blank 72 $ fill in the blank 73 $ fill in the blank 74 4 $ fill in the blank 75 $ fill in the blank 76 $ fill in the blank 77 $ fill in the blank 78 $ fill in the blank 79
A loan of £100,000 is repaid in 11 annual instalments of £13,900, with the first repayment due in one year. What is the interest rate? i 数字 Enter a percentage correct to 1 decimal place. %
Q2. Deposits are to be made to an account as indicated in the table below which bears interest at the rate of 10% compounded annually. How much will there be in the account at the end of the sixth year? END OF YEAR DEPOSIT 1 2 500 3 1000 4 1500 2000 Answer: F6 = 6,078.05Php %3D
Equity bank grants you a loan of 49,800 on 1 january 2022 that is repayable in 5 annual payments of 13815 at an Interest rate of 12% per annum. Construct arnortization schedule using excel and calculate total interest?
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If beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest income for the period amounted to P52,000, how much would be the amount of interest collections for the period?a. P31,000 c. P52,000b. P41,000 d. P63,000

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A loan of £10,000 is repaid in 10 annual instalments of £1,3 What is the interest rate? i= Enter a percentage correct to 1 decimal place. %