Find the total monthly payment, including taxes and insurance, for the following loan. Term of Annual Annual Amount of Loan Interest Rate Loan Taxes Insurance $149,500 $2830 $655 1 67% 10 years Monthly Payment

Q: Find the mortgage payment for the given loan amount, interest rate, and term: loan amount is…

A: Compound = Month = 12Principal Amount = p = $124,000Interest Rate = r = 5.41 / 12 %Time = t = 30 *…

Q: ou own $14,504 of Opsware, Inc. stock that has a beta of 3.85. You also own $20,384 of Lowe’s…

A: Calculation of Market Risk Premium, Risk Premium for each stock and Portfolio Risk Premium:The…

Q: For each of the following ordinary annuities, calculate the interest and principal portion of the…

A: Here, To Find: Interest and principal portion of the payment =?

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: The annual percentage rate is the rate of interest that is charged on the borrowed amount by the…

Q: Find the Simple Interest on a $ 50,000 loan at 15 ½2 % annual interest for ¾ year.

A: The simple interest is based on the amount of loan (P), the given interest rate (r), and the number…

Q: The annual rate of interest on a mortage loan is 11 1/2% the monthly interest payment is $453.76..…

A: Annual interest rate = 11.5%   Monthly interest rate = Annual interest rate / 12 = 11.5%/ 12…

Q: Calculate the monthly payment by using the loan amortization table: (Round your answer to the…

A: loan amount= $26000 time= 36 months or 3 years Rate=11%   If you borrow $26000 at 11% for 3 years,…

Q: What is the monthly interest expense for the following open-end credit loan? Loan balance of…

A: The open ended credit loan you have to pay interest on balance amount used and calculation are done…

Q: Calculate the monthly payment by using the loan amortization table:  (Round your answer to the…

A: Annuity: An annuity is defined as a series of payments, whether received or made, that are equal and…

Q: Find the total monthly payment, including taxes and insurance. Interest Rate Term of Loan Annual…

A: A mortgage is a loan taken out for the purchase of real estate. The real estate being purchased acts…

Q: Make an amortization table to show the first two payments for the mortgage. Amount of Annual…

A: Amortization is a repayment schedule which is generally used by lenders such as banks, financial…

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

A: Amount Financed = $18400 Monthly payment = $424.08

Q: Find the interest due loan of 5,500 at 3/4% simple interest for 1/4 year, using exact interest

A: To calculate the interest amount we will use exact interest formula as follows:   Interest amount =…

Q: A financing company charges 1.5% every two months on a loan. Find the equivalent effective rate of…

A: Effective rate: It is the rate which is compounding one time in a year or yearly.

Q: What is the Effective Annual interest Rate (EAR) of the following car loan?. The loan amount is…

A: Calculation of Effective Annual Rate By using Rate function of Excel=RATE(nper,pmt,pv)wherenper is…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Using excel Rate function

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Loan amount (L) = $13000 Number of payments (n) = 36 Monthly payment (M) = $454 Let r = Monthly rate

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

A: Finance Charge is the total interest paid during the time period of the project. Finance charge is…

Q: Find the monthly payment needed to amortize principal and interest for the​ fixed-rate mortgage.…

A: Calculate the monthly payment as follows:

Q: using the ordinary interest method, find the amount of interest on a loan of $5,000 at 10 1/2%…

A: Loan amount = $5,000 Period of loan = 274 days Interest rate = 10 1/2%

Q: Prepare an amortization schedule for a three-year loan of $96,000. The interest rate is 9 percent…

A: A loan is a sum of money that is borrowed from a lender with the expectation that it will be paid…

Q: each of the following ordinary annuities, calculate the interest and principal portion of the…

A: Principal Amount of loan/ Investment: When any amount borrowed from the lender/banks/Financial…

Q: Find the simple interest paid on a $510 loan at 7.8% annual interest for 19 months.

A: Simple interest can be calculated as: = Principal * Rate * Months / 12

Q: Annual % rate: 5.9% Amt of Mort: $180,000 Unpaid Balance: Monthly Payent: $1067.65 Number of Monthly…

A: Loans are paid by equal monthly payments and the unpaid balance is the present value of payments…

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

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: AMOUNT FINANCED = $17.910 NO OF PAYMENT = 48 MONTHLY PAYMENT = $550.47 TOTAL PAYMENT = $550.47 x 48…

Q: A financing company charges 1.5% per month on a loan. Find the equivalent effective rate of…

A: An interest rate that is modified to eliminate the impacts of inflation in order to reflect the…

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

A: Given: Amount Financed - $18,500 Number of payments Payment = 72 Monthly payment = $426.08 APR = ?

Q: Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to…

A: Ordinary interest is a method of interest calculation where the principal amount remains the same…

Q: Determine the monthly payment for the installment loan. Amount financed (P): $900 Annual Percentage…

A: P = $900 R = 0.075 or 7.5% Monthly rate (i) = 0.00625 (i.e. 0.075 / 12) Monthly period (p) = 36…

Q: Amount of mortgage Annual interest rate Years in mortgage Monthly payment ​$86,000 6.00​% 25…

A: A borrower is required to pay the lender the interest and the original amount by paying regular…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: amount financed = $50,000 no of payment  = 60 monthly payment = $1,176.33 total payment = 60 x…

Q: Compute the size of the final payment for the following loan. Periodic Payment Made at: Principal $…

A: Components of the time value of money Money is worth more today than the same amount of money in the…