After completing a bachelors degree, you have $15,000.00 in student loans to pay back at an interestrate of 2.25% for 6 years.Follow the steps to show work used to calculate the monthly payment on this loan.Enter the values needed for the LEFT and RIGHT sides of the amortization formula.LOOK AT YOUR FORMULA SHEET.Be sure to use parentheses as shown in class and * to show multiplication:LHS:RHS: pymt.HintHintNow simplify the expressions from above and enter the final values for both sides below,keeping at least 6 decimal places:= pymt.Finish your calculation of the payment and enter your result, rounded to the nearest penny, in thetable below. Then use the information to complete missing values in the table.SEE THE VIDEO BELOW IF YOU NEED HELP WITH THE TABLE(Round to the nearest cent)MonthMonthly Payment Interest on Prior BalancePrincipleOutstanding Balance123Question Help: Video

Calculating the Monthly Payment on a Student LoanWe can calculate the monthly payment on the student…

Answered: After completing a bachelors degree,…

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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PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS 1.- Osmara Del Toro deposits her life savings working at HoneyBee for $545,000, for when her retirement day arrives in 6 years, 6 months 6 days. The contract stipulates the payment of interest capitalizable quarterly, at a rate of 10.¼ %. What is the amount she will have at the end of the term that will provide welfare in her old age? Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
While William was a student at Edinburgh University, he borrowed $15,000 in student loan at an annual interest rate of 9%. If he repays $2,000 per year, calculate the period required (to the nearest year) to pay off his debt. Expressing the formula and workings (not using excel).
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS 2.- Calculate the annual interest rate paid on a promissory note in which $123,000.00 was financed and $161,437.50 was paid at the end of two and a half years, without capitalization of interest. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. PLEASEE.. please review the exercise in Spanish, it is easier to understand the context.
Complete an amortization schedule for the following loan. The loan amount is $100,000 at 3. 5 % interest, amortized on a yearly basis over five (5) years. (I have two calculators. A BA2Plus and a Qualifier Plus IIIfx. Please provide the proper key strokes.) Thank you!
Choose the best answer to the following question. Explain your reasoning with one or more complete sentences. What does a loan of $400,000 that carries a 4-point origination fee require as an advance payment? Choose the correct answer below. A. An advance payment of $1,600 is required. Each point is 1% of the loan amount, so the advance payment amount is 4% of $400,000. B. An advance payment of $16,000 is required. Each point is 1% of the loan amount, so the advance payment amount is 4% of $400,000. OC. An advance payment of $8,000 is required. Each point is 1% of the loan amount, so the advance payment amount is 4% of $400,000. OD. An advance payment of $16,000 is required. Each point is 10% of the loan amount, so the advance payment amount is 40% of $400,000. E. An advance payment of $8,000 is required. Each point is 10% of the loan amount, so the advance payment amount is 40% of $400,000. OF. An advance payment of $1,600 is required. Each point is worth between 50 and 100 points…
For the Questions 3-5 assume you want to finance (borrow) $12,000 for your next car and your interest rate will be 6%. 3. What will be your monthly payment and the total amount paid over the life of the loan if you finance for 48 months? Provide the car payment and the TVM inputs you used to calculate the payment. Рayment Total of all payments PV FV RATE/INTEREST PERIODS/N (See next page for Questions 4 and 5)
I need this question completed in 10 minutes in handwritten working out
Please explain proper steps by Step and Do Not Give Solution In Image Format ? And Fast Answering Please ?
You have entered into an agreement for the purchase of land. The agreement specifies that you will take ownership of the land immediately. You have agreed to pay $50,000 today and another $50,000 in three years. Calculate the total cost of the land today, assuming a discount rate of (a) 5%, (b) 7 %, or (c) 9%. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) a. b. C. Payment Amount $ 50,000 50,000 50,000 Interest Rate 7 5% 7% 9% Answer is complete but not entirely correct. Compounding Annually Annually Annually Period Due 3 years 3 years 3 years $ Total Cost of Land Today 93,121.25 X 90,816.30✔ 88,617.30
Use the formula for continuous compounding to compute the balance in the account after 1,5, and 20 years. Also, find the APY for the account. A $14,000 deposit in an account with an APR of 2.5 % .
Vincent received a loan of $28,000 at 4.25% compounded monthly. She had to make payments at the end of every month for a period of 5 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent b. Complete the partial amortization schedule, rounding the answers to the nearest cent. Payment Number Payment K 0 1 2 0 0.00 0 0 Total :: :: $0.00 $0.00 $0.00 $0.00 $0.00 Interest Portion Principal Portion $0.00 $0.00 :: :: $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Principal Balance $28,000.00 $0.00 $0.00 :: $0.00 $0.00 0.00
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASMr. Romuaro Godinez comes to the financial advisor Alquimidez Serrano, and asks him to calculate the interest to be earned on a deposit for the amount of 850,000.00; when the current interest rate is 8.75%, capitalizable quarterly, and it was invested for 15 years, 4 months and 17 days. The Finance Company reinvests at simple interest when there are not complete capitalization periods.

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