A loan payment of $3200 was due 3 months ago, and another payment of $1800 is due in 6 months from now. When should a single payment of 5800.00 be paid to settle the debt if interest is to be 2%?

Q: What is the APR on this loan?

A: Interest is the cost of borrowing a loan. It is the excess amount over the principal borrowing.…

Q: be repaid by a payment of $1200 in six mo: rest is 10% compounded monthly, when she

A: Given: Loan amount = $2000 Instalment Paid after 6 months = $1200 Final Instalment = $1000 Interest…

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 debt of $4000 due now is to be repaid by a payment of $1,000 in 1 year, a payment of $2,000 in 3…

A: Total debt =$4000 interest rate =6% First payment $1000 in one year  Second payment $2000 in three…

Q: Debts of $850 due in six months, $700 due in sixteen months, and $1100 due in three years are to be…

A: Time value of money is a concept of interest consideration in a transaction. Present value is…

Q: What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6…

A: Interest = Principal * Rate * Time where, Interest = P500.00 Principal = P2,000.00 Time = 6 months =…

Q: payments due in 3 months and 6 months. What is the value of the two equal payments if money is worth…

A: We can determine the periodic payment using the formula below:The payments are made in 2…

Q: A basic ARM is made for $217,000 at an initial interest rate of 6 percent for 30 years with an…

A: A loan agreement is a legal document that outlines the terms and conditions of a loan between a…

Q: A $10,100 loan is to be repaid in three equal payments occurring 60, 180, and 300 days,…

A: A loan is a type of financial transaction in which funds or money are given to another party (the…

Q: A loan of $10,000 today is to be repaid by annual payments of $800 to commence one year from now and…

A: Final payment:The "final payment" represents the concluding installment in a series of financial…

Q: A $ 200 000 loan is made with 30 years maturity and monthly compounded. The loan is based on a…

A: The loan is an arrangement of the lending facility from the lender to the borrower. A lender…

Q: "If a loan of 1 million is made for 7 days at a rate of 5% per annum, how much interest would be…

A: p = $1000,000 d = 7 days r = 5%

Q: A loan of $7000 is to be repaid by three equal payments one and a half year from now, three years…

A: Computation of Effective interest rate: EAR=1+15%44-1=1+0.03754-1=1.15865-1=15.865%

Q: 5 years from now payments: $500 of 6 years. What est rate of 6% cc

A: in this we have to find out present value of all and future value of remaining.

Q: A debt of P40,000, whose interest rate is 15% compounded semiannually, is to be discharged by a…

A: Given,  The debt amount is P40,000 Interest rate 15%

Q: What payment is required to pay off a loan of $ 2,550.00 at 6.9% sixteen months later?

A: Future value is the amount we get on the investment at a particular rate of return.. In this case,…

Q: A payment stream consisting of $1807 due (but not paid) 9 months ago, and $40 months is to be…

A: The simple interest is very simple and straight forward interest and there is interest on the…

Q: A debt can be repaid with payments of $7186 today, $15143 in 2 years and $17812 in 5 years. What…

A: Present Value (PV) refers to the current value of a future sum of money or cash flow, based on a…

Q: A loan is to be amortized by a group of five end of year payments forming an ascending arithmetic…

A: A loan is a sum of money borrowed from a third party, such as a bank, and returned over time in…

Q: A loan payment of $1049 was due 50 days ago and another payment of $3443 is due 45 days from now.…

A: Present value is the current current value of the cash flow. The cash flow is discounted with the…

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: An obligation of $25,000 is due today, but it was decided to pay the debt in two equal payments one…

A:

Q: You apply for a loan of $151,000 with the following terms: A 7-year loan with semi-annual payments…

A: Solution:-When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: Suppose you have borrowed $50 from a foreign lending institution. The loan requires a payment of 6…

A: Loan Amount  $                                   50.00 Time Period (Days) 6 Periodic Payment  $…

Q: What is the amount of compensating balance would be required for a nominal interest rate of 12% to…

A: Borrowings are the loan which is taken by the individual to meet its financial requirements. The…

Q: A debt of 4,400 with interest at 2.5% payable semi annually will be discharged by payment of 600 at…

A: Given information: Debt : 4,400 Interest rate : 2.5% Payments : 600

Q: A debt of $5,000.00 is to be paid off with 6 equal semi-annual payments. If the interest rate is 15%…

A: The annuity refers to the equal payments that can be expected from an investment or it can also…

Q: A debt of RM600 due in three years and RM800 due in four years is to be repaid by a single payment…

A: The figure is shown below for considering the time period:

Q: A business loan of 800,000 is to be repaid in full after 2 year. What is the amount to be paid if…

A: Loan = 800,000 N = 2 years Effective rate of interest = 8%

Q: A debt is to be paid with 24 equal quarterly installments and an interest rate of 36% NM. If once…

A: Interest Rate  36% New Installments  $     6,80,000.00 Time Period of refinance (Months) 12…

Q: 5. A loan of $12,000 is to be repaid by three equal payments due today, two months from now, and one…

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

Q: You have an outstanding debt of $8,000, with 9% simple interest. If you make a partial payment of…

A: An individual or another entity may take on debt in the form of a loan. A sum of money is given to…

Q: Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest…

A: Simple Interest:   Simple interest is a method of calculating the interest that is charged on fixed…

Q: RAK Corp. is evaluating a project with the following cash flows: Cash Flow 28,700 10,900 13,600…

A: One of the limitations of traditional IRR is that it is assumed that cash flows from a project are…

Q: A loan of $1575 taken out on June 7 requires three payments. The first payment is due on July 7. The…

A: The focal date of the loan is 7th June. The first payment is due on 7th July, the second payment is…

Q: A $700,000 loan was received on Nov. 30, 2022, with annual interest at 9.5%, C/M, requires monthly,…

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

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.