Find the payment necessary to amortize a 4% loan of $1000 compounded quarterly, with 19 quarterly payments. The payment size is $ (Round to the nearest cent.)

Q: Find the payments necessary to amortize each loan. $2500, 16% compounded quarterly, 6 quarterly…

A: Given, r=16% =0.16 P=$2500 n=6 A=Pr1+rn1+rn-1

Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: A loan of  $12,400 is to be repaid with monthly payments for 5 years at 12 % interest compounded…

A: To calculate the monthly payment, we can use the formula for the monthly payment on a loan with…

Q: Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 8.7%

A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

Q: Find the payment necessary to amortize a 4% loan of $1800 compounded quarterly, with 19 quarterly…

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Q: Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid…

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Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: Find the payment necessary to amortize a 8% loan of $800 compounded quarterly, with 16 quarterly…

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Q: The price of a condominium is $146,000. The bank requires a 5% down payment and one point at the…

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Q: Find the simple interest (in dollars) due on a 31-day loan of $950 if the annual simple interest…

A: The provided information is as follows:The principal amount is .The total number of days is .The…

Q: he payment necessary to amortize a 8% loan of $1000 compounded quarterly, with 19 quarterly…

A: We have to find the payment size of the given payment data.

Q: 4. Point G is located at -18. Points H and I are each 10 units away from point G. (a) Plot point H…

A: Point H and I will be at-28 or at -8 on the number line

Q: Find the monthly payment on a 30-year fixed mortgage loan of $108,525 if the interest rate is 6 3/4%

A: Formula used to calculate the monthly payment of mortgage loan is given below: M=PR1-1+R-N Where…

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: interest

A: we know that simple interest formula simple interest =P×R×T100where P is principal amountR is…

Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

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Q: A loan is repaid with payment of $7209 at the end of each quarter for 11 years. If interest on the…

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Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given:  you borrow $10,000 for four years at 8% toward the purchase of a car To determine; The…

Q: Determine the monthly payment if you take out a loan for $160,000 with an annual interest rate of…

A: Loan Amount :  L = $160000  Annual interest rate  , r=0.0425r = 0.0425 Loan Term , n = 20 years…

Q: Find the amount of simple interest on a loan of $3,500 at 9 1/2% interest for 14 years.

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