A loan of R30 000 is secured at an interest rate of 25% p.a. (cq) and will be paid back with monthly payments over a period of 5 years. Calculate the monthly payments. Answer the question by completing the answer boxes below: Value of N: Value of Monthly payment (round your answer to 2 decimal places): R

Q: how did you get the numbers for installment sales?

A: Instalment Method: The installment method is typically employed when a customer is permitted to…

Q: For the given student loan, find the interest that accrues in a 30-day month, then find the total…

A: It is a case where a student loan is issued and its payment starts after 6 months of completion of…

Q: ompare an ordinary annuity with a prepayment annuity.

A: Annuity is a uniform series of cash flows over a given number of periods.

Q: Suppose that you deposited $5,000 in a savings account. It has been 15 years and your current…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: mpute hi

A: 56,000 dollars per year we divide over 24 payment per year: =2333.33 we calculate the deductions…

Q: Question III (7 H: Provide a justified policy recommendation considering the case described below:…

A: Pay back period is the time period in which the initial invested cost is recovered by obtaining the…

Q: What is interest coverage ratio?

A: The interest coverage ratio is the ratio which shows the ability of the company to pay the interest…

Q: Calculating Interest Rates::

A: An interest rate is the cost of borrowing money or the proportion of return on investment.. It…

Q: What is the rela1ionship between Annual  Percentage Rate and the interest period?

A: Answer: Annual percentage rate represents the interest rate which also takes additional payments…

Q: What is the basis for the discount rate in a DCF analysis? Describe how this rate mightbe estimated.

A: Basis of discount rate in DCF analysis is to compute the PVF of future Cash Flows expected as it is…

Q: Calculate the loan amount on a purchase having a cash price of $47,900 with a down payment of…

A: Down Payment: The down payment is the portion of the purchase price that you pay out-of-pocket (as…

Q: What do we mean by a uniform series payment?

A: Under uniform series of payment, payment of same amount is made or received at a regular time…

Q: What is the effective annual rate (EAR) and what is the purpose.

A: The effective Annual Rate (EAR) is the rate of interest actually earned on an investment or paid on…

Q: End of Interest Amount Owed End of Year Amount Owed Year for Year After Interest Payment After…

A: Interest rate in the table is::10%{1000/10,000*100).. A is::9900-2000=7900.. B is::790 (7900*10%) C…

Q: If you have a $15,000 car note with a $450.00 monthly payment, payable over 36 months, what interest…

A: In the given question we need to compute the interest rate from following details: Car note value =…

Q: If you have a $19,500 car note with a $380.00 monthly payment, payable over 60 months, what interest…

A: In the above question we need to compute the interest rate from following details: Value of card…

Q: Write an equation for determining the value of the series of end-of-period payments?

A: Formula:

Q: Your local bank has offered you a 15-year, $100,000 mortgag. Payments on the mortgage are quaterly…

A: RATE (QUARTERLY)=12/4=3%Mortgage term (QUARTERLY) = 15∗4=60

Q: Calulate the effective interest rate.

A: Here, Value of Note is $29,059 Simple Interest Rate is 8% Time Duration of Note is 12 months

Q: Calculate the times interested earned.

A: Interest coverage ratio also termed as times interest earned ratio is a ratio which shows the…

Q: Which of the following cannot be calculated? Select one: a. the interest rate on perpetuity given…

A: Perpetuity is referred to as an annuity, which does not have an end or the stream of the cash…

Q: What is Annual-payments option?

A: The annual payment option is the obligation to pay the amount to the receiver annual instead of the…

Q: What is a floating rate system?

A: We know that there are two types of rate Fixed Rate System Floating rate system   Fixed Rate…

Q: Give an example assuming that  the Compounding Period equals to Payment Period?

A: The representation on the basis of assumption:

Q: Recently, you made multiple large purchases on your credit card totaling $10,350. The interest rate…

A: Formulas:

Q: Interest cost is calculated by multiplying the______by the ______?

A: Interest cost is calculated by multiplying the  Principle amount by one plus the annual interest…

Q: What effect do interest rates have on the calculation of future and present value? How does the…

A: The time value of money is a concept that is based on the idea that a given amount of money is worth…

Q: Compute the periodic interest rate, as a decimal, given a nominal interest rate and compounding…

A: Interest: Interest is the amount of interest paid on the issue price of the notes by the issuer at…

Q: When is the Times-Interest-Earned Ratio?

A: The TIE is a calculation of a firm's ability to reach its debt liability based on its current…

Q: calculate internal rate of return acounting rate of return pay back period

A: Data given: Cost of machine = RM 3,500,000 Useful life of machine = 5 years Residual value = RM…

Q: Times Interest Earned Ratio A1 Compute the times interest earned ratio and use it to analyze…

A: Here in this question, we are required to calculate the times interest earned ratio. Times interest…

Q: What is the factor form equation to get EUAB/Annuity (A) ?

A: Interest Rate = 5% N = 7 Cash Flows: Year Cash Flow 0   1   2   3   4 1000.00 5…

Q: What are the essential differences among demand deposits, savings deposits, and time deposits?

A: Deposits refers to the sum of money that are deposited with banks or any financial institution.…

Q: How do I calculae the times interest earned ratio?

A: Calculate the times interest earned ratio as follows: Times interest earned ratio = EBIT / Interest…

Q: Create a chart reflecting the convention payback period?

A: The chart is presented below:

Q: which of the following is necessary to solve a discount problem?   a.future amount   b.interest…

A: In a discounting problem, the present value of future cash flow is calculated. In order to…

Q: -12x5 P 14,778 i 12 1-(1+ P 815,400 12) i =? i 12 ieffective (1+ ) - 1| 12/ leffective =?

A:

Q: E Loan Amount Is $430,000 Loan is a 7/30 Balloon Loan Annual Interest Is 3.75%, with monthly…

A: Given, Loan amount is $430,000 Interest rate is 3.75% Loan is 7/30 balloon loan, which means, after…