Assuming a bank loan requires an interest payment of 85$ per year and a principal payment of $1,000 at the end of the loan 8 years life.what would be the present value if loan carried an 8.5% interest rate ? $1,546  $1,200 $1,000 $1,100

Q: Calculate the monthly mortgage payment. $220,000 is financed for 20 years at 5% APR

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Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: Your company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8%…

A: The formula to find is, Remaining balance =  (Original balance*(1+r)^n)-EMI*((((1+r)^n)-1)/r)

Q: find the future value of the following loan. Assume simple interest  $4000 for 8 months; money…

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Q: Consider a home mortgage of ​$200,000 at a fixed APR of 4.5​% for 25 years.   a. Calculate the…

A: Given :Principle = 200000APR = 4.5%Time = 25 years

Q: Find the present value of an ordinary annuity which has payments of $1500 per year for 16 years at…

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Q: Find the future value of a simple interest loan of $30,000 at 7.2% interest for 11 months

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Find the payment necessary to amortize a 4% loan of $1800 compounded quarterly, with 19 quarterly…

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Q: For a loan of $14,000 at 4.00% paid monthly over 60 months, how much principal is paid off half-way…

A: It is given thatLoan amount=$14,000Rate of interest per month=4%Time=60months 5yearsTo find:1…

Q: An annuity providing a rate of return of 6.5% compounded monthly was purchased for $62,000. The…

A: An annuity providing a rate of return of 6.5% compounded monthly was purchased for $62000. Here…

Q: Find the payment necessary to amortize a 8% loan of $800 compounded quarterly, with 16 quarterly…

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Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. b. How much will…

A: Given that, the loan amount is P=$175,000, interest rate r=4.5%, time n=30 years and due is monthly…

Q: Find the monthly house payments necessary to amortize a 7.2% loan of $298,100 over 30 years. The…

A: I have explained everything with in the solution .please go through that.

Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: he payment necessary to amortize a 8% loan of $1000 compounded quarterly, with 19 quarterly…

A: We have to find the payment size of the given payment data.

Q: Find the monthly payment on a 30-year fixed mortgage loan of $108,525 if the interest rate is 6 3/4%

A: Formula used to calculate the monthly payment of mortgage loan is given below: M=PR1-1+R-N Where…

Q: Find the monthly payment to amortize a $96,000 mortgage at 5.0% annual interest for 15 years.

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Q: What is the present value of a $100 perpetuity deferred for 10 years if the interest rate is 6% ?

A: We have to find the present value Annual cash flow =$100Interest rate = 6Present value…

Q: Find the payment necessary to amortize a 12% loan of $1700 compounded quarterly, with 8 quarterly…

A: Solution

Q: 1. Enrique takes out a student loan to pay for his college tuition this year. Find the interest on…

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Q: If you take out a $99,000 30-year mortgage at 7.1% compounded monthly: a. What is your Monthly…

A: We are interesting in finding the monthly payment for a  $99,000 mortgage at 7.1 % for 30-year . Use…

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

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Q: Suppose that an annuity has a present value of P = 1 million dollars. What interest rate r would…

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Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…