Assume a 360 day year, when a 48,000, 90 day, 8% interest bearing note payable matures, the total payment will be around your answer to the nearest whole dollar.

Q: What is the present worth of annually payments ( 2000 $ ) if the first payment will deposit after…

A: All deposits will happen at the start of each year. So, the first payment will be at start of 6th…

Q: Suppose you obtain a mortgage loan of $210,000 at an annual interest rate of 5.0%. How much less is…

A: The interest paid increases as the term of the loan increases.

Q: Suppose a borrower makes a $100,000 loan with annual payments at a 10 percent rate and a 10-year…

A: Annuity:   An annuity is the series of payments which is received or paid for a fixed period of…

Q: Suppose you made a 90-day investment with a maturity value of $18,000. Find the present value of the…

A: The maturity value is the future value. We need to determine the present value of this. For that we…

Q: You deposit $100 today, $200 one year from now, and $300 three years from now. How much money will…

A: The concept of the time value of money states that the same amount of money today is worth more than…

Q: Find the initial monthly payment on a 3/20 ARM of $178,802 if the interest rate is 5.35%. How long…

A: 3/20 means 3% discount you will get if you pay with in 20 days , if you not pay with in 20 days you…

Q: A promissory note will pay $52,000 at maturity 8 years from now. If you pay $25,000 for the note…

A: A promissory note is a written promise made by one party (the "issuer" or "maker") to pay a specific…

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 27000 at the time…

A: Compound = monthly = 12 Present value = pv = $27,000 Interest rate = 8 / 12% Time = t = 10 * 12 =…

Q: If the interest rate on an account is 11.5% compounded annually, approximately how many years will…

A: The calculation table for the compounding is attached below.

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 will receive a cash payment of $7072 in 7 years. If the relevant interest rate is 19.89%, how…

A: Time Value of Money states that a dollar earned today is more valuable than any time in the future,…

Q: If you deposit $P into a savings account that earns interest at a rate of i% per month for n years,…

A: Since the interest rate is compounded on monthly basis the interest rate will be divided 12, which…

Q: assume a $175,000 mortgage loan and 10-year term. The lender is charging an annual interest rate of…

A: For an amortized loan with level payments, the monthly payment needs to be determined first.…

Q: . What are the monthly loan payments? Enter your response below.

A: The monthly payment on a loan is the set amount that is recurrently paid to the lender over the…

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 34000 at the time…

A: Loan amount (P) = $34000 Monthly interest rate (r) = 0.00625 (0.075 / 12) Monthly period (n) = 120…

Q: You will receive a cash payment of $6.4 in 4 years. If the relevant interest rate is 16.4%, how much…

A: To calculate the present value of the $6.4 cash payment received in 4 years at a 16.4% interest…

Q: Given an interest rate of 6.5 percent per year, what is the value at date t = 8 of a perpetual…

A: Annual interest rate = 6.5% Annual payment = $ 900

Q: Would $200, which is to be received in exactly oneyear, be worth more to you today when the interest…

A: The present value of the cash flow is the current worth of a cash flow at a certain rate of interest…

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $22000 at the time you…

A: In mortgage loan the monthly payment are amortized over the loan period. The monthly payment here…

Q: Assume that you can invest to earn a stated annual rate of return of 12%, but where interest is…

A: We need to use future value of annuity formula to calculate annuity amount after 5 years. Future…

Q: You will receive a cash payment of $7554 in 8 years. If the relevant interest rate is 15.34%, how…

A: In the given case, we have given the cash payment to be received in 8 years is $7554.  And, the…

Q: Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 34000 at the time…

A: A loan is a contract where money is forwarded to one party by another on the promise of repayment at…

Q: Suppose that you are about to borrow $10,000 from a bank. Suppose you will be repaying using…

A: Bank charges interest rate when you borrow money and these are to be paid equal annual payment or…

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.