For 36 - 40: Albert borrowed P180 000 to be repaid with equal quarterly payments for 2 2 years with anappraised value of P250 000 which the lender accepted, Given the first five rows of theamortization table of the loạn, answer the questions that follow.Regular PaymentPeriodLoan BalanceInterest Component of Principal Component ofPaymentPayment180 000.00163 748.22147 130.7820 301.7816 251.7816 617.444 050.0020 301.783 684.3316 991.3417 373.64130 139.44112 765.7920 301.783 310.4420 301.782 928.1436. How many payments are needed to discharge the loan?А. 2.5В.5C. 10D. 12collateral ratio?01234

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For 36-40: Albert borrowed P180 000 to be repaid with equal quarterly payments for 2 2 years with an interest rate of 9% compounded quarterly. As a collateral, he offered his used car with an appraised value of P250 000 which the lender accepted, Given the first five rows of the amortization table of the loan, answer the questions that follow. Regular Payment Period Interest Component of Principal Component of Payment Loan Balance Payment 180 000.00 163 748.22 147 130.78 20 301.78 4 050.00 3 684.33 3 310.44 16 251.78 20 301.78 16 617.44 16 991.34 17 373.64 130 139.44 20 301.78 20 301.78 2 928.14 112 765.79 36. How many payments are needed to discharge the loan? А. 2.5 В.5 С. 10 D. 12 234

For 36-40: Albert borrowed P180 000 to be repaid with equal quarterly payments for 2 2 years with an interest rate of 9% compounded quarterly. As a collateral, he offered his used car with an appraised value of P250 000 which the lender accepted, Given the first five rows of the amortization table of the loan, answer the questions that follow. Regular Payment Period Interest Component of Principal Component of Payment Loan Balance Payment 180 000.00 163 748.22 147 130.78 20 301.78 4 050.00 3 684.33 3 310.44 16 251.78 20 301.78 16 617.44 16 991.34 17 373.64 130 139.44 20 301.78 20 301.78 2 928.14 112 765.79 36. How many payments are needed to discharge the loan? А. 2.5 В.5 С. 10 D. 12 234

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A$282,000 mortgage for 25 years for a new home is obtained at the rate of 6.5% compounded monithly. Find (a) the monthly payment, (b) the interest in the first payment, (c) the principal repaid in the first payment, and (d) the finance charge. (a) The monthly payment on the mortgage is S (Round the final answer to two decimal places as needed Round all intermediate values to six decimal places as needed.)
Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ fill in the blank 60 $ fill in the blank 61 $ fill in the blank 62 $ fill in the blank 63 $ fill in the blank 64 2 $ fill in the blank 65 $ fill in the blank 66 $ fill in the blank 67 $ fill in the blank 68 $ fill in the blank 69 3 $ fill in the blank 70 $ fill in the blank 71 $ fill in the blank 72 $ fill in the blank 73 $ fill in the blank 74 4 $ fill in the blank 75 $ fill in the blank 76 $ fill in the blank 77 $ fill in the blank 78 $ fill in the blank 79
John received a loan of $40,500, 6 years ago. The interest rate charged on the loan was 4.68% compounded quarterly for the first 6 months, 5.46% compounded semi-annually for the next 2 years, and 5.88% compounded monthly thereafter. a. Calculate the accumulated value of the loan at the end of the first 6 months. Round to the nearest cent b. Calculate the accumulated value of the loan at the end of the next 2 year period. Round to the nearest cent c. Calculate the accumulated value of the loan today. Round to the nearest cent d. Calculate the amount of interest charged on this loan over the past 6 years. jamie wants to double his money in 9 years in an investment fund. What quarterly compounding interest rate do you suggest that he looks for?
Please answer with explanation Thank you so much
Luis Rivera has taken out a mortgage loan for $225,000 at 4% for 5 years. What will be the total amount of interest paid? a. $27,706.34 b. $21,7567.33 c. $14,855.65 d. $18,566.47 e. $12,444.66
A bank loaned John Smith $3,000 for three years compounded annually at 9%. How much interest was John required to pay on the loan? Use the $1.00 future value table or the future value and compound interest formula.
5 A mortgage balance of $26,000 is to be repaid over a 12-year term by equal monthly payments at 5.1% compounded semi-annually. At the request of the mortgagor, the monthly payments were set at $450. (a) How many payments will the mortgagor have to make? (b) What is the size of the last payment? (c) Determine the difference between the total amount required to amortize the mortgage with the contractual monthly payments rounded to the nearest cent and the total actual amount paid.
A loan carries a simple interest rate of 5.25 % . The loan was fully repaid by two $5000 payments made 8 and 11 months after the original date of the loan. How much was borrowed at the start? Multiple Choice $10,000 $9601.34 $9661.84 $9540.85 $9329.44
Prepare an amortization schedule for a three-year loan of $117,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? Note: Leave no cells blank. Enter '0' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Year 1 2 3 $ Beginning Balance 117,000.00 Total Payment Total interest Interest Payment Principal Payment Ending Balance
On 1st July 2020 Bashir purchase a machine for RO 15,000. The terms of purchase was 20% cash and the balance to be paid in monthly instalments of RO 500. What amount of the loan will be disclosed under Long term liabilities in the balance sheet on 31 Dec 2020? a. RO 3,000 b. RO 5,000 c. RO 7,000 d. RO 6,000
Which of the following statements are reasons employers may choose to delay eligibility of employees to participate in a retirement plan? 1. Employees do not start earning benefits until they become plan participants (except in defined benefit plans, which may count prior service). 2. Since turnover is generally highest for employees in their first few years of employment and for younger employees, it makes sense from an administrative standpoint to delay their eligibility. A. 1 only. B. 2 only. C. Both 1 and 2. D. Neither 1 nor 2.
A loan of X is repaid with level payments of R payable at the end of each year for n years. You are given: (i) The interest paid in year 1 is 797.50. (ii) The principal repaid in year n-4 is 865. (iii) The principal outstanding at the end of year n-1 is 1,144.50. Determine X. A B с D E 9,500 10,000 10,500 11,000 11,500

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