Blue Oak Investments borrowed $750,000 at a 6% annual interest rate, payable annually. What is the total interest expense for one year? A) $35,000 B) $42,000 C) $45,000 D) $54,000
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- Sharapovich Inc. borrowed $50,000 from Kerber Bank and signed a 5-year note payable stating the interest rate was 5% compounded annually. Sharapovich Inc. will make payments of $11,548.74 at the end of each year. Prepare an amortization table showing the principal and interest in each payment.onsider the following loan. Complete parts (a)-(c) below. n individual borrowed $65,000 at an APR of 5%, which will be paid off with monthly payments of $442 for 19 years. ... a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount. The amount borrowed is $ 65000, the annual interest rate is 5%, the number of payments per year is 12, the loan term is 19 years, and the payment amount is $ 442. b. How many total payments does the loan require? What is the total amount paid over the full term of the loan? There are 228 payments toward the loan and the total amount paid is $ 100776 c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest? The percentage paid toward the principal is% and the percentage paid for interest is%. (Round to the nearest tenth as needed.)K A company borrowed $13,000 paying interest at 8% compounded semi-annually. If the loan is repaid by payments of $2300 made at the end of each 6 months, construct a partial amortization schedule showing the last three payments, the total paid, and the total interest paid. Complete the table below for the last three payments. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Number Amount Paid Interest Paid Principal Repaid $ $2300 $2300 4 $ Outstanding Principal 50 Total Paid=$ (Do not round until the final answer. Then round to the nearest cent as needed.) Submit test Interest Paid=$ (Do not round until the final answer. Then round to the nearest cent as needed.)
- Ahlam borrows AED 3,000,000 to be repaid over 6 years at 8 percent. What is the repayment of principal in the first three years and the total interest to be paid .Kingsley Toyota borrowed $175,000 from a local bank. The loan requires Kingsley to pay 15 equal annual installments beginning one year from today. Assume an interest rate of 7%. What is the amount of each annual installment payment? (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) Table or calculator function: Loan Amount: Loan Payment: n= F= PVA of $1 S 175,000 15 7% IIA company borrows $120,000 at an annual interest rate of 5% for a period of 3 years. Calculate the total interest to be paid over the 3 years using simple interest.
- A company borrows $2,000,000 at 12% interest per year. If the company repays the loan in full in one lump sum amount after 3 years, what is the total amount of the payment? $2,420,374 $3,195,568 $2,809,856 $2,662,000you borrow $20,000 from a bank to be repaid in three equal annualinstalment at 9% interest compounded annually. What is the portion ofinterest payment for the 2nd annual payment?Select one:A 510B. 1089C. 549D. 1251E. 1800possible You invested $14,000 in two accounts paying 8% and 9% annual interest, respectively. If the total interest earned for the year was $1230, how much was invested at each rate?
- assume a 30-year $200,000 mortgage loan with an apr of 7%. what is the amount of interest and principal, respectively applied from the first annual fixed payment? a) $7,000; $133.33 b)$133.33; $7,000 c)$14,000; $2,177.28 d) $2,177.28; $14,000Which of the following amounts is closest to the end value of investing $7,500 for 2 1/2 years at an effective annual interest rate of 12.36 % ? Interest is compounded semiannually. A) $7,531. B) $ 8,427. C) $9,818. D) $9,469. E) $10, 037Assume Sheffield Corp. deposits $81000 with First National Bank in an account earning interest at 4% per annum, compounded semi-annually. How much will Sheffield have in the account after 4 years if interest is reinvested? O $94904. O $81000. O $93960. O $94760.