Calculate the principal and interest portions of the specified payment for this ordinary annuty, and give the balance remaining after that paymentFor full marks your answer should be rounded to the nearest contPaymentPrincipal InterestBalancePaymentFrequency Term Number to FindInterestPaymentLoanPrincipalPaidPaidAfter Payment4.0.000.000.00$45,000.00 3.50 % compounded quarterly $3,250.97 Semi-annual 8 years

An annuity is a contract where a lump sum amount is paid in return for regular payments back at a…

Calculate the principal and interest portons of the specified payment for this ordinary annuty, and give the balance temainng allel al payR For full marks your answer should be rounded to the nearest cent Balance Payment Frequency Term Number to Find 4. Payment Payment Loan Principal Interest Principal Interest Paid Paid After Payment 0.00 0.00 0.00 $45,000.00 3.50 % compounded quarterly $3,250.97 Semi-annual 8 years

Calculate the principal and interest portons of the specified payment for this ordinary annuty, and give the balance temainng allel al payR For full marks your answer should be rounded to the nearest cent Balance Payment Frequency Term Number to Find 4. Payment Payment Loan Principal Interest Principal Interest Paid Paid After Payment 0.00 0.00 0.00 $45,000.00 3.50 % compounded quarterly $3,250.97 Semi-annual 8 years

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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Similar questions

Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $28,000 6 years 4 semiannually $ $
Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.)
Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment FinanceCharge Finance Chargeper $100 APR $50,000 60 $1,176.33 $ $ %
Find the payment necessary to amortize a 4% loan of $900 compounded quarterly, with 15 quarterly payments. The payment size is S
Find the value of the annuity and the interest. Round to the nearest dollar. A=P(1+r)t−1r A=P1+rnnt−1rn P=Arn1+rnnt−1 Periodic Deposit: $10,000 at the end of every three months Rate: 5.25% compounded quarterly Time: 12 nyears
loan of $37,100.00 at 6.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years. a. Calculate the size of the periodic payment. $3,488.50 $4,425.18 $3,727.14 $4,009.67 b. Calculate the total interest paid. $7,625.68 $44,725.68 $3,898.54 $11,352.82
Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Financed 18,200 Number of Payments = 72 Monthly Payment = 424.08 Solve for Finance Charge and APR
Subject.... account
Prepare an amortization schedule for a five-year loan of $47,000. The interest rate is 7% per year, and the loan calls for equal annual payments. (Do not round intermediate calculations. Enter all amount as positive value. Round the final answers to 2 decimal places. Leave no cells blank - be certain to enter "O" wherever required.) Year 1 Beginning Balance $ 2 2 3 4 5 Total Payment $ Interest Payment Principal Payment Ending Balance $ How much interest is paid in the third year? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Interest paid $ How much total interest is paid over the life of the loan? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total interest $
Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase(Cash)Price DownPayment AmountFinanced MonthlyPayment Number ofPayments FinanceCharge TotalDeferredPaymentPrice $2,600 0 $2600 $189.69 18 $814.42 $ ??
Construct the amortization schedule for a $17,000.00 debt that is to be amortized in 10 equal semiannual payments at 6% interest per half-year on the unpaid balance. Fill out the amortization schedule below. Round all values to the nearest cent. Unpaid Balance Reduction Payment Number 0 1 2 Payment Interest $ $ $ $ $ $ Unpaid Balance $ $ WEEKER
Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $28,500 18 months 4 semiannually $ $

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