Compute the size of the final payment for the following loan.   Principal​ $ Periodic Payment​ $ Payment Period Payment Made​ at: Interest Rate​ % Compounding Period 8100 520 3 months beginning 8 quarterly   The size of the final payment is $_ .?

Q: 4. Use MV = P(1 + RT) to find the maturity value (in $) of the loan. Principal Rate (%) Time…

A: The maturity value is calculated as sum of principal and interest earned

Q: Use the appropriate formula to find the amortization payment you would need to make each 3 months at…

A: Amortization payment refers to that payment which is required to be paid to payoff the loan during…

Q: Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the…

A: When funds are financed from outside, they carry a finance charge which is the cost of using those…

Q: Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the…

A: Down payment =Purchase (Cash) Price * Downpayment % = 3200*20% = $ 640

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Solution Rate (in %) for the loan = Interest / principal amount * 360/ days of loan

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Ordinary interest, also known as simple interest, is a method of calculating interest on a loan or…

Q: se MV=P(1+RT) to find the maturity value (in$) of the loan.  principal: $730,000 rate: 13.35%…

A: Maturity value means the value which is received on the maturity of the investment or end of its…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Using excel Rate function

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Loan amount (L) = $13000 Number of payments (n) = 36 Monthly payment (M) = $454 Let r = Monthly rate

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Principal Amount = p = $185,000 Time = t = 2 years Interest amount = i = $24,050

Q: 1. Loan Amortization Schedule (P/Y = C/Y) Details: RBC has provided a $50,000 loan to Capilano…

A: We have to find the monthly mortgage payment amount and prepare the loan amortization schedule. We…

Q: You take out 1 $10,000 loan for 7 years at an annual interest rate of 5% and with fixed annual loan…

A: Borrowed amount is $10,000 Annual interest rate is 5% Payment per year is $1,728.20   To Find:…

Q: Calculate the amount financed, the finance charge, and the total deferred payment price for the…

A: Concept: The total deferred amount is defined as the amount of compensation based under the plan…

Q: onsider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: If you borrow $9,500 at $760 interest for one year, what is your annual interest cost for the…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

Q: Compute the size of the final payment for the following loan. Principal Periodic Payment Payment…

A: Final payment refers to the amount of principal along with interest accrued and unpaid on the loan…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: Find the APR (true annual interest rate), to the nearest half percent, for the following loan.…

A: The Annual Percentage Rate (APR) represents the yearly cost of borrowing money through loans or…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Amount Financed = $14,000 Number of payment = 36 Monthly payment = $503

Q: ind the maturity value of the loan. The maturity value is $ Principal Rate Time $1000 8% 18 months

A: In this we have to find out the maturity value of loan by using future value formula.

Q: Complete the first three lines of an amortization schedule for the following loan. Assume monthly…

A: Loan amount = $3,000 Interest rate = 18% Period = 18 months or 1.5 years

Q: How much total principal is repaid between the 1st and 7th payment interval of a 4.5-year loan for…

A: Here, Time Period of Loan is 4.5 years Loan Amount (PV) is $4,887 Interest Rate on Loan is 7.4%…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.