Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of Down payment home $ 90,000 $ 5,000 Principal (loan) Rate of interest 5½ % Years 30 Payment per Monthly mortgage $1,000 payment

Q: To borrow $1,200, you are offered an add-on interest loan at 9 percent. Two loan payments are to be…

A: Borrowed Amount = $1,200 Interest Rate = 9% Time Period = 1 Years

Q: For the following ordinary annuity, determine the size of the periodic payment. Present Value…

A: To find the size of the periodic payment for the ordinary annuity,, we can use the formula for the…

Q: 49) Find the interest on P5000 at 7% for 3 years. C. P2,142.86 D. P1,050 A. P11,666.67 В. Р10,500…

A: 49) Principal (P) = P 5000 r = 7% n = 3 years

Q: What is the present value of $2,500 semiannual payments received at the beginning of each period for…

A: Given:

Q: If a principal of P3840 earns interest of P204 in 3 years and 5 months, what is the simple interest…

A: Simple interest is the method that is used in calculating the percentage of interest paid on a sum…

Q: A bank quotes an interest rate of 5% per year with quarterly compounding. What is the equivalent…

A: The effective interest rate is the true cost of borrowing, taking into account the compounding of…

Q: Find the accumulated value 16 years after the first payment is made of an annuity on which there are…

A: The payment is $850. The annual rate of return is 4.1%. The payments are made once every two months…

Q: A perpetuity paying 1 at the beginning of each 6-month period has a present value of 95. A second…

A: Given, The PV of perpetuity 6 month period is 95 Another perpetuity pays X.

Q: What is present value of RM 1456 due in 6 months if 8% interest is paid?

A: The present value can be calculated with the help of present value function.

Q: find the interest earned principle 8000 rate .06 compounded annually years 3

A: The formula to calculate accumulated value is given below:

Q: 70. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable…

A: Effective annual rate is computed after taking into account all the compounding due in a year.

Q: What is the difference on the total interest payments between a 25 year 5.65% fixed rate fully…

A: The objective of the question is to find the difference in total interest payments between a 25-year…

Q: 7. Find the interest on Php80,500 at 8% simple interest rate for 9½ years.

A: simple interest is calculated as a product of principal amount, rate and the time. i.e P* R*T

Q: The accumulated value at the end of 13 years of an annuity-immediate that pays X per month for 13…

A: Compound = monthly = 12  Time = t = 13 * 12 = 156 months Future value = fv = $16,990.10 nominal…

Q: 5. How much interest must be paid on a loan of $4300 at 10% compounded semi- annually for 4 years?…

A: Formula: P x [ 1 + ( R / N )NT P = Principal R = Rate of interest N = Number of compounding periods…

Q: a mortgage of $32000 is repaid by making payments of $353 at the end of each monyth for 13 years.…

A: Here, Present value of mortgage amount (PV) = $32,000 Monthly payments (PMT) = 353 No. of years…

Q: A company borrows 400 000 EUR for 18 years at a rate of nstalments every 3 years. ) How much are the…

A: Loans are paid by the equal installments and these installments carry the payment for interest…

Q: What's the present value of $18,544.86 discounted back 5 years if the appropriate interest rate is…

A: Note : We are choosing here the nearest answer provided in the question  ,else correct round off…

Q: What is the future value of an ordinary annuity that pays $1,400 per year fod10 years if the…

A:

Q: What is the present value of a $1160 per year annuity for five years at an interest rate of 12…

A: Annual payment (C) = $1,160Interest rate (r) = 0.12Period (n) = 5 yearsPresent value = ?Present…

Q: 41. The present value of an ordinary annuity of Php 2.350 each year for eight years, assuming an…

A: We require to calculate the present value of annuity from following given details: Annual Payment in…

Q: How much is the principal that brings an interest of 400 liras in 5 months with an interest rate of…

A: Interest indicates the additional amount over the principal value of loan or advances which is…

Q: What compound interest rate j,, is equivalent over 4-year period to a simple interest rate of 2.24 %…

A: Given Information: Time Period = 4 years First year simple Interest rate = 2.24% For balance three…

Q: What single payment at the end of year 5 is equivalent to an equal annual series of payments of…

A: future value of lumpsum payment : fv=A×1+rn Future value of annuity: FVA=A×1+rn-1r therefore, r =…

Q: Determine monthly installment loan  p 53000 r 6.5 % Payment in a year 12 t 4 years

A: The question gives the following information:

Q: A 10-year annuity makes monthly payments of $5 at the end of each month in the first year, $10 at…

A: A payment stream consists of several variable annuities. We have to find the accumulated value of…

Q: 7. A 300,000 loan is being paid off over 30 years with level payments at the end of each month. The…

A: Calculation of monthly interest rateWe have nominal interest rate - 8 % convertible…

Q: A. 5.01% B. 11.45% C. 24.05% D. 20.04%

A: In perpetuity there are payments that are paid forever and there is no gap in payments and they are…

Q: 18. [SOA 5/87 #13] A loan of 125,000 will be repaid by payments at the end of each month over 30…

A: The objective of the question is to calculate the monthly payment for the first year (P) for a loan…

Q: 4800 accumulating to 5994.78 compounded monthly for 4 years. what is the interest rate?

A: We need to use compound interest formula to calculate interest rate A=P(1+i)n where A=Accumulated…

Q: Payment S 123 4,555 74,484 167,332 Years 13 8 5 9 Interest Rate (Annual) 13 % 8 10 1 Future Value…

A: The future value refers to the value of an investment or asset at a specific point in the future,…

Q: A5 A 12-year loan is repaid with annual payments at the end of each year. For the first four years,…

A: x 3X

Q: Part 1: A level annuity pays £300 p.a. payable half-yearly in arrear for 7 years. Find the purchase…

A: Annuity: You purchase an annuity from an insurance company in exchange for making a one-time payment…

Q: Calculate Present Value of AED 600/-, Interest rate is  5% (in the following situations): Received…

A: present value is the value that future cash flows are discounted in a certain discount rate for a…

Q: 6\ An investment of a certain amount of money was made at an interest rate of 4.75%  per year…

A: To find out the principal amount, apply formula: A= P (1+r)∧n where, A = Compounded amount P =…

Q: The following payments are made under an annuity: 10 at the end of the fifth year, 9 at the end of…

A: Consider the provided question,Given that,  Cash flow at the end of the fifth year: 10Cash flow at…

Q: What is the present value of $ 3189 for 4 years at the rate of 10%? Calculate the annuity amount…

A: It is problem where the time value of money concepts will be used. There is a need to calculate the…

Q: years

A: present value  = $390 future value = $577 no.of.years =10 years

Q: 1. AP 50,000 is invested at a rate of 10% for 10 years with an average annual inflation rate of 5%.…

A: The maturity amount of the investment will be equal to the future value of P 50,000 invested at 10%…

Q: An interest rate is 7.50% per annum with continuous compounding. What is the equivalent rate with 6…

A: Interest rate (r) = 7.50% Compounding = Continous Mathematics constant (e) =…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.