Problem 8Problem 9Problem 10webwork / mat110e_oncampus_f/ finance.set.3/ 7Finance.set.3: Problem 7Previous ProblemProblem ListNext ProblemSuppose that your unsubsidized Stafford loans plus accumulated interest total $ 21000 at thetime you start repayment, the interest rate is 8% APR, and you elect the standard repaymentplan of a fixed amount each month for 10 years. What is your monthly repayment?Repayment amount =How much will you pay in interest?Interest paid =

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Finance.set.3: Problem 7 Previous Problem Problem List Next Problem Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 21000 at th time you start repayment, the interest rate is 8% APR, and you elect the standard plan of a fixed amount each month for 10 years. What is your monthly repayment? repaymen Repayment amount = How much will you pay in interest? Interest paid = %3D

Finance.set.3: Problem 7 Previous Problem Problem List Next Problem Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 21000 at th time you start repayment, the interest rate is 8% APR, and you elect the standard plan of a fixed amount each month for 10 years. What is your monthly repayment? repaymen Repayment amount = How much will you pay in interest? Interest paid = %3D

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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Economics You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below? 1 2 3 26 27 28 29 30 5% 7% 5% 7% 5% 7% 5% %7 F? 2000 1000 2000 1000 1000 2000 1000 2000 1000 Select one: O a. 117724 O b. 90000 O c. 120408 O d. 106141 O e. 18050
Tutorial Exercise Suppose that your bank pays 6% interest, compounded quarterly. Use Table 12-2 to find how much should be deposited now to yield an annuity payment of $1,600 at the end of each three months, for 3 years. Step 1 The present value of an annuity is the amount needed now so that desired annuity payments may be made in the future. Since payments will be made at the end of each three months, this is an ordinary annuity. To find the present value of this annuity, the amount of money that should be deposited in an account now, the interest rate per period must first be found. The interest rate per period is calculated using the nominal, or annual, rate and the number of periods per year as follows. nominal rate interest rate per period = periods per year The rate was given to be 6%. Interest is compounded quarterly, or 4 times per year. Find the interest rate per period. nominal rate interest rate per period periods per year 4 |% The total number of compounding periods will be…
Manual Solving A man has a loan of 500,000 for 10 years at 6.5% annually with annual payments. His payments are 45,000 for the first 5 years and X for the next 5 years. Find X. Construct the amortization schedule for this loan.*
If you could solve Option 2 with formulas that would be great! Option 2: Borrow $5,000,000 from a bank quoted an annual interest rate of 3.8%, do monthly payments during the payback period of 6 years. Find periodic and annual payments, also cumulative interest and cumulative principal.
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et's calculate how much you borrowed to buy your classic Ford Bronco assuming you made payments of $6000.00 at the end of every six months for twelve years. If interest on the loan is 8% compounded quarterly, what was the principal of the loan? Question 10 options: $23 433.19 $201 323.86 $91 108.28 $19 108.28
Problem VI: Annual effective interest rate is 10%. You are thinking about the present value of two different perpetuities. The first has payments which start at $100 per year and increase by 10% cach year.forever. The second has payments which start at $1000 and increase by $1000 each year forever. Discuss the challenges and approaches you would use to try to find the present values. Bonus: For extra credit, find the present values. Your answer
*13.4.7 Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Use either the regular monthly payment formula or the given table Loan Amount Interest Rate $85,000 Term Real Estate Amortization Table 6% 20 years E Click the icon to view the Real Estate Amortization Table. Monthly payments to Repay Principal and Interest on a ST000 mortgage The monthly payment is $ (Round to the nearest cent as needed.) Term of Mortgage (years) Annual rate 5. 10 15 20 25 30 40 3.0% 17.96869 9.65607 6.90582 5.54598 4.74211 4.21604 3.57984 3.5% 18.19174 9.88859 7.14883 5.79960 5.00624 4.49045 3.87391 4.0% 18.41652 10.12451 7.39688 6.05980 5.27837 4.77415 4.17938 4.5% 18.64302 10.36384 7.64993 6.32649 5.55832 5.06685 4.49563 5.0% 18.87123 10.60655 7.90794 6.59956 5.84590 5.36822 4.82197 5.5% 19.10116 10.85263 8.17083 6.87887 6.14087 5.67789 5.15770 6.0% 19.33280 11.10205 8.43857 7.16431 6.44301 5.99551 5.50214 6.5% 19.56615 11.35480 8.71107 7.45573 6.75207 6.32068…
As requested this the second part of the question Consider a car Loan of $ 20,000 to be repaid over 5 years in monthly installments. Annual Interest Rate = 6 % b) Calculate the value of each monthly payment if interest is declining.
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Suppose you take out a $185,500 mortgage for 30 years at 5.15% interest. (a) Find the monthly payment on this mortgage. S (b) Fill out the first two rows of the amortization schedule below. Round your answers to the nearest dollar. Payment Number Interest Payment Principal Payment Balance of Loan 1 2 Question Help: D Video M Message instructor D Post to forum
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