find the monthly payment on the given loan. $

Q: ompare an ordinary annuity with a prepayment annuity.

A: Annuity is a uniform series of cash flows over a given number of periods.

Q: How do banks calculate the monthly payment on a loan?

A: Present value annuity formula is used to calculate the monthly payment on a loan. Here, The loan…

Q: How do i know if t should be in years or months for fv and annuity fv etc?

A: The time value of money concept states that the value of money has a higher worth today than its…

Q: If the payments are monthly how would you set up the present value?

A: The concept of present value asserts that a sum of money today is worth more than the same sum in…

Q: Create a table for an ordinary annuity. Show the periodic deposits (up to 10 period and the…

A: N = time period = 10 Interest rate = 5% Annuity paid at end of each Year [Ordinary Annuity]

Q: Compute the present value of an ordinary annuity, an annuity due, and a deferred annuity.

A: Computation of the present value (PV) of an ordinary annuity can be done by using the…

Q: hat relationship exists between the length of the loan and the monthly payment? How does the…

A: Loans are paid by the monthly payments that are fixed payments and the monthly payments carry the…

Q: The is the length of the loan. APR (your response) term interest rate

A: length of a loan refers to the duration of the period, where the person is required to repay the…

Q: Give an example of a loan repayment plan.Show at least 3 payment entries including the end of period…

A: The funds acquired by the borrower is repaid either in lumpsum amount at a future date i.e. at the…

Q: Calculate the missing information for the installment loan that is off early. Sum-of-the-…

A:

Q: Distinguish between the present value of $1 and the present value of an ordinary annuity of $1.

A:

Q: With regard to mortgages, how is the monthly payment including principal and interest categorized as…

A: An annuity refers to the annual payment of a debt which includes a portion of principal as well as…

Q: Future value of an annuity Using the values below, answer the questions that follow. (Click on the…

A: Odinary annuity is where payment is due at end of period and annuity due is where payment is due at…

Q: What do we know about a loan, which is said to have annuity payments? a. This loan has annual…

A: The loan can be referred to as the debt amount that the borrower takes till certain maturity period…

Q: What is Debt Service?

A: Step 1 The amount of money required to pay interest on the loan with the principal over some time is…

Q: Determine if asset, liability, cash inflow or outflow: *weekly paycheck *alimony from your ex

A: Solution:- Asset means something that an individual owns and holds and also gets benefit from it in…

Q: 1. Using the example of a savings account, explain the difference between the effective annual rate…

A: Saving account is the type of deposit account in which interest is paid on the amount deposited.…

Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…

A: We use Pv function to calculate present value of annuity

Q: As a loan is paid off, the   monthly payment increases debt and interest portions do not change each…

A: Interest expenses on loan is calculated on the closing balance of the loan  account on a particular…

Q: Number of Payments Payments Remaining Payments Made 18 3 Sum-of-the- Digits Payments Remaining…

A: When a buyer buys goods on credit, he has to pay the remaining installments after paying the down…

Q: 18. Of the following expenses, which one can be considered an annuity?   Question 18 options:…

A: An annuity is a fixed amount paid in every period for a fixed duration. The same amount is paid in…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A:

Q: How to calculate monthly interest and apr

A: Wall unit cost = $2200 Down payment = $800 Monthly payment = $43.50 Period of loan = 48 months

Q: What is the total amount you will pay if you do not pay the loan within the term and meet all the…

A: Step 1:Given: Loan amount = $5400Period of loan = 72 monthsFinal loan amount = $6965.35Interest is…

Q: Do I take the monthly payment and add the interest then divide it to find the total payments? And do…

A: The monthly payments amount of $828.85 that has been computed here will be constant over the next 30…

Q: The repayment of a loan in a series of equal periodic payments is called. O a. Mortgage O b. Down…

A:

Q: An even stream of payments over equal time periods where the interest rate is constant is referred…

A: The payment period is the period of time from the point a debt is incurred to the due date of the…

Q: What is the double entry to record my payments to a rotating savings arrangement weekly? What is…

A: Double entry is one of the method of bookkeeping which states that each monetary transaction has…

Q: Monthly interest rate?

A: Monthly interest rate is the interest charged on the unpaid balance of credit card.

Q: Find the monthly payment needed to amortize principle and interest for the fixed rate mortgage. Use…

A: A written agreement through which a lender gets the right to take the property that is put as a…

Q: We will now verify your results using an online Amortization Calculator. Return to www.bankrate.com…

A: Mortgage loan- It is a type of secured loan where the borrowing party can avail funds by providing…

Q: Can we calculate the total annual interest payment for a credit card by using the future value…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 1. Find the period of deferral in each of the following deferred annuity problems. Note: One way to…

A: If you've been delayed, taking and example it's typically because the institution wants to examine…

Q: How much payment Z should he make on the exact time after the last regular payment has been made to…

A: We have to find the payment Z to be made on the exact time after the last regular payment has been…

Q: semi-annual payment i

A: A fixed value periodic payment is called an Annuity. The question involves calculating the value of…

Q: If you were given a choice of investing in an account that paid quarterly interest and one that paid…

A: Effective annual rate is the actual rate an investment generates after taking all the compounding…

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.