A P150,000 loan is to be paid as follows: P 10,000/month _______ 1st to 10th month Final payment _______ 12th month If the annual rate of interest is 12% compounded monthly, find the final payment. a. P 62,299 b. P 50,000 c. P61,634 d. P68,298

Q: 7. AP150,000 loan is to be paid as follows: P 10,000/month Final payment If the annual rate of…

A: Loan amount = P 150,000 First 10 monthly payment = P 10000 Annual interest rate = 12% Monthly…

Q: A loan of $2982 is repaid in three years. Find the amount of interest paid on the loan if it is…

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

Q: To repay a loan of $20,000, a series of nineteen level payments is to be made with the first payment…

A: Generally loans are paid by annual payments that carry the payment for loan and payment for interest…

Q: rescott Bank offers you a five-year loan for $69,000 at an annual interest rate of 8.5 percent. What…

A: The value of money changes with time. Therefore, the time value of money considers the worth of…

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: A contract calls for a payment of P 1,200 at the beginning of each month for 12 months. At what rate…

A: Compound interest is interest calculated on  the deposit or loan's original principal with any…

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 $16000 loan is to repaid by monthly payments of $340, the first payment is due in one year's time.…

A: Repayment of loan is made in fixed instalments for during the loan period which include part of…

Q: Find the interest paid on a loan of $2,700 for one year at a simple interest rate of 11% per year.…

A: Simple interest = Principle × rate × time

Q: Find the semiannual payments to repay a debt of P100,000 in 5 equal payments with interest at 12%…

A: An amortization schedule is defined as the table, which includes the complete detail of periodic…

Q: A house costs $133,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Loan installment is that which is paid by borrower to lender for a specified period of time. This…

Q: A house costs $144,000. It is to be paid off in exactly ten years, with monthly payments of…

A: The Annual Percentage Rate(APR) of the loan can be calculated using the RATE function in Excel.

Q: ↑ Consider the following loan Complete parts (a) (c) below An individual borrowed $67,000 at an APR…

A: Amount borrowed = $67,000Annual rate = 3%Number of years = 20 yearsPayment = $372

Q: a. Calculate the interest component of Payment 10. Interest $. 1187.03 b. Calculate the principal…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: A $400 loan is to be amortized with eight quartely payments over 2 years. If the interest is at J4 =…

A: given, PV = $400 N = 2 M = 4 (quarterly payment) r=10%

Q: A demand loan of $3000.00 is repaid by payments of $1500.00 after two years, $1500.00 after four…

A: Here, Loan Amount $ 3,000.00First Payment in 2 years $ 1,500.00Second payment after 4 years $…

Q: A $58,000 loan is taken out on a boat with the terms 12% APR for 36 months. How much are the monthly…

A: Loan amortization schedule is created to determine the amount of interest included in each…

Q: The interest rate on a $118,000 loan is 8.9% compounded semiannually. The monthly payments on the…

A: a) To calculate the interest component of Payment 210, we first need to find the balance of the loan…

Q: Consider a loan of $88,000 at 4% compounded annually. (a) the payment necessary to amortize the loan…

A: When we take a loan we make periodic payments towards that loan.   The periodic payments will…

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

A:

Q: Part a. Loan payments you borrow $100,000 over a period of 30 years at a fixed APR of 5.5% calculate…

A: The monthly payment can be derived from the following formula PMT=P×APRn1-1+APRn(-nY

Q: A 10-year $14,600,000 long-term loan from the American Bank. The loan has the following terms: a.…

A: A. Normally companies debt to equity ratio should be either equal or below 2:1 B. Due to high raise…

Q: solve the following using the concept of amortization 1.Show the amprtization schedule for a loan…

A: Amortization Schedule: It is a complete periodic loan payment that helps in showing the interest and…

Q: what is the monthly payment for a loan of 140,000 30 year fixed rate of Apr of 7.5% what is the…

A: Using excel PMT function

Q: A company borrows $126,500 from a bank. The interest rate on the loan is 10 percent compounded…

A: Loans are paid by periodic payments and these are fixed payment that carry the payment of interest…

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

A: Amounts are paid by equal periodic payments and these payments carry the payment of interest and…

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

A: A loan is  basically a type of debt that an individual or the other entity incurs. The lender, who…

Q: Find the payment necessary to amortize a 4% loan of $900 compounded quarterly, with 15 quarterly…

A: Quarterly compounding is a form of compounding in which interest is earned every quarter and such…

Q: find the outstanding balance at the end of 2 years.

A: Loan is the amount borrowed bank in exchange for principal and interest to be paid either at the end…

Q: Monthly payments of P800 each are used to settle a loan for 8 months at 8% compounded monthly. Find…

A: Monthly payment (P) = P 800 Interest rate = 8% Monthly interest rate (r) = 8%/12 =…

Q: A $90,000 loan at 7.7% compounded semiannually requires monthly payments of $1,600. Calculate the…

A: A loan is a type of debt where a borrower borrows money from a lender with the agreement to repay…

Q: The size of the final payment is Round the final answer to the nearest cen

A: Information Provided: Principal = $9900 periodic payment = $520 Payment period = 6 months Payment…

Q: Find the payment R needed to amortize a loan of $22,000 at 3.5%/year compounded monthly with 36…

A: A type of loan in which the borrower has to make a schedule for the periodic payment regarding both…

Q: A $90,000 loan at 7.7% compounded semiannually requires monthly payments of $1,600. Calculate the…

A: We need to first calculate the monthly payment of loan thereafter the number o0f periods of loan and…

Q: A house costs $142,000, It is to be paid off in exactly ten years, with monthly payments of…

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

Q: A loan of $25,000 at an annual rate of 14% is repayable through 5 annual year-end payments. The…

A: Certainly! To calculate the annual payment on a loan, you can use the formula for an annuity…

Q: A $250,000 loan, with annual interest at 5.7%, c/sa, requires semi-annual, end of period payments of…

A: Loan is contract between lender and borrower where lender provide funds to borrower for definite…