Find the future value of this loan: $20,862 at 11.4% for 14 months. Group of answer choices A. $23636.65 B. $25657.00 C. $263536.51 D. $40,000.00

Q: A loan 1000 is repaid by equal annual amounts of principal for 10 years and annual interest of 7% on…

A: Equal installment  = Loan Amount / present value annuity Factor @rate of interest for life

Q: You expect to receive $5,000 in 25 years. How much is it worth today if the discount rate is 5.5%?…

A: Present value refers to the current value of an asset that will be present at some future date which…

Q: What is the value today of $1,200 per year, at a discount rate of 9 percent, if the first payment is…

A: The concept of time value of money will be used here. Value today refers to present value. The cash…

Q: Suppose you wish to borrow Php 20,000,000 to buy a parcel of real estate. The lender is willing to…

A: The loans are paid by the monthly payments and these monthly payments carry the payment for interest…

Q: You have the opportunity to purchase a security that will pay you $100,000 when it matures in three…

A: Solution:Rate of return refers to the return earned by the investor on per annum basis.So, rate of…

Q: Use technology to complete parts (a) through (c) below. a. Find the monthly payment for a loan of…

A: Loan amount (PV) = $ 5000 APR  = 12% Monthly interest rate (r) = 12%/12 = 1% Term = 20 Years Number…

Q: Jake has approached you for a loan and based on your assessment, his cash-flow will accommodate a…

A: The determination of a loan which will be given to any borrower depends upon the borrowing capacity…

Q: Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent.…

A: Present Value = $1,000 Interest Rate = 12% Time Period = 6 Years

Q: Approximately, what is the value of (P) if F=114120, n=8 years, and i= 7% per year? O a. 79703 b.…

A: Present value is the current value of certain amount of future money at a required rate of return or…

Q: Find the monthly payment for the loan. A $504000 hone bought with a 20% down payment and the…

A: To calculate the monthly we will use below formula   Monthly payment = P/[1-(1+r)-n]/r Where P -…

Q: You have a choice of four increasing Annuity A $300 5% 12 Payment Annual Rate Interest Periods Per…

A: To Find: Which annuity reach FV of $100,000 earlier

Q: What is the amount of each monthly payment? tables provided

A: Time value of money(TVM) means that the amount of money received in the present period will have…

Q: Assume a $620,000 loan over a 20 year period at a fixed rate of 5.85%. How much would a borrower…

A: Loan amount "PV" = $620000 Annual rate = 5.85% Monthly rate "r" = 5.85%/12 NUmber of years = 20…

Q: Calculate the annual benefits (A) If G = 200$, n = 5 years and i = 11%.

A: Gradient series can be defined as that series in which payments are increased by a constant amount…

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

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

Q: Steinberg Corporation and Dietrich Corporation are identical firms except that Dietrich is more…

A: Variables in the question:Probability of expansion=80%Probability of recession=20%Expansion:::::…

Q: Suppose you have a student loan of $35,000 with an APR of 6% for 40 years. Complete parts (a)…

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

Q: How much is the effective cost if you need to borrow $300,000 for one year with a discount loan of…

A: The effective cost of a discount loan is calculated as interest paid on principal amount divided by…

Q: Five plans are shown that will pay off a loan of $5.000 over 5 years with interest at 8% per year.…

A: The concept of economic equivalence: The concept of economic equivalence states that at a given rate…

Q: Find the present value of 30 annual payments of $3,500 per annum where the first payment is made 11…

A: Number of Payment = n = 30Payment = p = $3500Time = t = 10Discount Rate = r = 19%

Q: Consider a 15 year loan for a $5,245,000 home at a LTV of 85%, three discount points, one…

A: Given information: Home loan is $5,245,000 APR on loan is 8.68% Number of years is 15

Q: H3. A loan of $18430 is to be repaid at 4% effective by payments of $1500 at the end of each year…

A: Loans are paid by annual payment that carry the payment of interest and principal amount also.

Q: A 5-year $10,000 loan with a 15-year amortization period is being offered at the rate of 10%…

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

Q: How much will $30.000 grow to in three years, assuming an interest rate of 1% compounded annually?…

A: The maturity value of investment can be calculated by calculating its future value. The future value…

Q: What is the yield to the lender on a $300,000 loan at 5.50 percent interest, with monthly payments…

A: Loans and interest rates are divided into small monthly payments that carry the payment for interest…

Q: Waiting for Answer

A: Step 1: Given Value for Calculation  Future Value = fv = $100Time = t = 1 YearsOpportunity Cost = c…

Q: Question: Engr. Odon is paying a loan five thousand pesos 2% monthly for 3 years. If the payment is…

A: Annuities are financial contracts that provide a stable cash flow, typically to retirees. The…

Q: Compare the following two loans and answer the following 2 questions. Loan Option1: $183,000; 5.50%;…

A: A mortgage refers to a loan that is taken out by the borrower to purchase a property. The concept of…

Q: What is the future value of $700 deposited for one year earning 4 percent interest rate annually?…

A: Future Value = PV × ( 1 + r )n where, PV = Present Value = $700 r = Interest Rate = 4% n = time…

Q: How much is the effective cost if you need to borrow $250,000 for one year with 12% single payment…

A: As per our guidelines, we are supposed to answer only 1 question ( if there are multiple questions…

Q: What is the most you would be willing to pay for an annuity that provides you with $13,700 at the…

A: Here,Annuity Received  (PMT) is $13,700Interest Rate (r) is 5.5%Time Period (n) is 3 years

Q: What's the present value of a perpetuity

A: Perpetuity means a series of equal infinite cashflows, that occur at end of each period with…

Q: If the proceeds of a loan of P12,450 will be paid with P12,840 at the end of 1 year and 9 months.…

A: Loan amount = P 12450 Par value = P 12840 Discount amount = Par value-Loan amount…

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: How much interest will you pay on a loan of $15 500 if you are paying the loan off in 9 months? Your…

A: On the income statement, the expenditure for interest is categorized as a non-operating item. It is…

Q: What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $2,000…

A: > Given data:> Present value (PV) = $1000> Future value (FV) = $ 2000> Number of periods…

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Lets understand the basics. Present value is a value of any future amount into present. For…

Q: 15. Helen Barns wishes to purchase a new home and borrows $389,000 with a repayment plan of 25…

A: Step 1: The calculation of the annual payment  AB1Borrowings (PV) $3,89,000.00 2Years (N)253Interest…

Q: Find the future value of the loan. Round tp the nearest cent.  P=$900 r=6% t=5 years

A: Present value (P) = $900 Rate of interest (r) = 6% Maturity (t) = 5 years

Q: You're borrowing $6,000 for 4 Years with a stated simple interest annual interest rate of 8.5%. How…

A: Borrowings = p = $6,000Term = n = 4 yearsRate of interest = r = 8.5%

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.