Find the payment necessary to amortize a 4% loan of $2100 compounded quarterly, with 8 quarterly payments. The payment size is $ (Round to the nearest cent.)

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: Your company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8%…

A: The formula to find is, Remaining balance =  (Original balance*(1+r)^n)-EMI*((((1+r)^n)-1)/r)

Q: Joe secured a loan of $15,000 five years ago from a bank for use toward his college expenses. The…

A: Given: Joe secured a loan of $15,000 five years ago from a bank for use toward his college expenses.…

Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…

A: Solution:

Q: Find the payment made by the ordinary annuity with the given present value. $231,156; quarterly…

A:

Q: Sarah secured a bank loan of $195,000 for the purchase of a house. The mortgage is to be amortized…

A: Solution :-

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

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

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Q: Calculate the simple interest due on a 66-day loan of $3700 if the interest rate is 4%. (Round your…

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

A:

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: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: Find the amount of an annuity due that consists of 13 monthly payments of $150,provided that the…

A: Given R=$150 n=13r =6%=0.06 To find the amount of an annuity due

Q: interest

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

Q: For a loan of $24,000 at a fixed APR of 8% for 15 years, find the monthly payment.

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Q: A couple buys a condo for $310,000. After a 20% down payment, they take outa 30-year mortgage at 7%…

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Q: Suppose that you borrow $13,000 for four years at 6% toward the purchase of a car. Find the monthly…

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Q: Find the payments necessary to amortize each loan. $6800, 12% compounded monthly, 24 monthly…

A: The formula for amortization payments is A= P i1-(1+i)-n. Here, P is a principal amount, i is a…

Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

A: HERE GIVEN MONTHLY PAYMENT IS MADE FOR 22 YEARS IT MEANS 12 PAYMENTS PER YEAR. AND OTHER DETAILS ARE…

Q: Find the monthly payments (just PMT) on a 20-year mortgage for $191,888 if the annual interest rate…

A:

Q: Compute the monthly payments for an add on interest loan of $2900 with an annual interest rate of 8%…

A: given that P  = $2900 R = 8% T = 4 years formula used for compound interest is…

Q: The rebate offer is $3800, and you can obtain a car loan at your local bank for the balance at 3.78%…

A: Let E be the monthly payment , P be the principal amount , r is the rate of interest and n is the…

Q: Suppose that you borrow $20,000 for four years at 6% toward the purchase of a car. Find the monthly…

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Q: find the monthly mortgage loan payment for a $174,000 loan at 2.2% for 30 years.

A: The objective of this question is to calculate the monthly mortgage payment for a loan of $174,000…