A real estate company wants to borrow $6.5 million to in a project. The interest rate for the borrowing is 12% in APR compounded quarterly. The first payment will be made at the end of the first quarter after borrowing. If the real estate company wants to pay back a fixed amount of money per quarter for 15 years, what is the quarterly repayment for the real estate company? (with calculations)

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4.5 years. If…

A: Final amount = $50,000Time = 4.5 years Rate = 6.23% compounded semi-annually

Q: A house costs $141,000. It is to be paid off in exactly ten​ years, with monthly payments of…

A: An amount of annual percentage which is charged from borrowers of the loan and paid to the…

Q: Wasup Corp. is thinking of borrowing $190,000 from its bank at 8% annual interest rate. The amount…

A: The objective of the question is to determine the number of years it will take for Wasup Corp. to…

Q: You have a student loan of 40,000$ that you want to repay in 10 years. Interest rates are at 6% per…

A: Since an amount is paid annually over the loan period, it is a type of annuity. The present value of…

Q: A bank is willing to lend $20,000 for a home improvement loan to be repaid monthly over 5 years…

A: From the question, we can identify the following variables:Principal amount (P): This is the amount…

Q: You are considering taking out a loan of 20,000.00 that will be paid back over 7 years with monthly…

A: given information  loan amount = 20,000  interest rate = 4.8% monthly interest rate = 0.004 no of…

Q: You are considering taking out a loan of 20,000 that will be paid back over 7 years with monthly…

A: Interest amount decreases and the principal paid amount increase as loan payments proceed further.

Q: Construct an amortization schedule for a 15-year, $300,000 loan with a 4.2% interest rate compounded…

A: Amortization schedule refers to the statement showing the details of the loan amount, interest…

Q: How much will Kingston Technologies have to pay each year in 11 equal payments, starting 2 years…

A: Number of Payment = n = 11Time = t = 2 Present Value = pv = $900,000Interest Rate = r = 15%

Q: You are considering taking out a loan of $11,000.00 that will be paid back over 10 years with…

A: Unpaid loan balance will be the present value of outstanding payments that are not yet paid based on…

Q: Van Buren Resources Inc. is considering borrowing $100,000 for 202 days from its bank. Van Buren…

A: Given:Borrowing amount=$1000000 for 202 daysPayable amount $3000 of interest at maturityRepaid…

Q: A company wants to have $40,000 at the beginning of each 6-month period for the next 4.5 years. If…

A: The given problem is on Annuity due Annuity due is an annuity whose  payment is due immediately at…

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4+1/2 years. If…

A: Final amount = $50,000Time = 4.5 years Rate = 6.23% compounded semi-annually

Q: How much will Kingston Technologies have to pay each year in 11 equal payments, starting 2 years…

A: An annuity is a financial product that provides a regular income stream to an individual for a…

Q: What is the amount of each payment if Plascote Industries borrows $32,600, at  an annual interest of…

A: for calculating amount to be paid for each installment we use PMT function in excel to determine the…

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $35000 at the time you…

A: Loan amount is $35000 Interest rate is 9%  Time period is 10 years To Find: Fixed Monthly repayment

Q: You want to take out a $450,000 loan on a 20-yearmortgage with end-of-month payments. The annualrate…

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Q: Van Buren Resources Inc. is considering borrowing $120,000 for 168 days from its bank. Van Buren…

A: Financing Costs: Financing costs is nothing but an interest cost that a company would incur for…

Q: Compute the monthly payment on a $65,000 loanif the principal and interest are to be repaid in 84…

A: a) Loan amount (PV) of $65,000 needs to be repaid in (n) 84 equal installments at an annual interest…

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

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Q: A house costs $139,000. It is to be paid off in exactly ten years, with monthly payments of…

A: House cost = $139,000Monthly payment = $1,599.62Number of years = 10 years

Q: firm has decided to make an investment, an ordinary annuity of $10,000 per year for fifteen years.…

A: Future value FACTOR ANNUITY =(1+r)n - 1/r r=interest rate =4% Period =15 years

Q: (Loan Amortization Problem) Your company is planning to borrow $2,500,000.  This will be a six-year,…

A: In this we need to calculate the annual payment required and find out the required solutions.

Q: What interest rate would be necessary for $7,950 investment to grow to $10,400 in an account…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: You have borrowed $60,000 at an interest rate of10.5%. Equal payments will be made over a…

A: A series of fixed payments that are paid or received at an equal time interval is term as the…