Calculate the present value of the note receivable using a 15 % interest rate. (5 years). Using the present value of the note as the only economic benefit received, recalculate the gain or loss on the transaction. (note receivables: 8,000,000, asset: 5,100,000, gain 2,900,000)
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- Compute and compare the following interests situations if you deposit $2500 into an account with 3.5% interest for 10 years. 20) The account pays simple interest. 21) The account pays compounding interest monthly. 22) The account pasy continuously compounding interest. 23) How much difference is there between the three different types of interest? Explain.1. Let's assume that a loan of $100,000 with an annual interest rate of 6% over 30 years pays monthly payments of $500. a. Calculate the accumulation rate b. Calculate the payment rate . c. Answer : How will the balance of the principal be at the end of the loan in relation to the original amount of the loan? Less, equal or greater? Provide calculations.Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) $25,000 Need Help? 8.6 Read Time Interest years. $10,750
- The following loan is a simple interest amortized loan with monthly payments. $155000, 9 1/2%, 30 years(a) Find the monthly payment. (Give your answer to the nearest cent.)Payment $ (b) Find the total interest for the given simple interest amortized loan. (Give your answer to the nearest cent.)Total interest $The following loan is a simple interest amortized loan with monthly payments. $5000, 7 1/2%, 4 years (a) Find the monthly payment. (Give your answer to the nearest cent.)Payment $ (b) Find the total interest for the given simple interest amortized loan. (Give your answer to the nearest cent.)Total interest $Calculate the future value of $4,000 in 5 years at an interest rate of 6% per year. (Round to the nearestdollar.) 10 years at an interest rate of 6% per year. (Round to the nearestdollar.) 5 years at an interest rate of 12% per year. (Round to the nearestdollar.) Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?(Round to the nearestdollar.)
- Calculate the future value of $7,000 in 3 years at an interest rate of 6% per year. (Round to the nearestdollar.) 6 years at an interest rate of 6% per year. (Round to the nearestdollar.) 3 years at an interest rate of 12% per year. (Round to the nearestdollar.) Why is the amount of interest earned in part (1) less than half the amount of interest earned in part (2)?(Round to the nearestdollar.)Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $204,000 at 6.89% for 25 years The monthly payments are $ (Round to the nearest cent.)Consider an amortized loan of $41,000 at an interest rate of 7.9% for 8 years. What is the total interest owed? Round to the nearest dollar.
- Suppose a borrower makes a $100,000 loan with annual payments at a 10 percent rate and a 10-year term. The loan is fully amortizing; however, payments are made on an annual basis to simplify the initial illustration. How the annual loan payment is calculated?Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Monthly payments on $170,000 at 5% for 25 years.Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $26,000 after 6 years at 3% if the interest is compounded in the following ways. (a) annually$ (b) quarterly$