Given the following information on a fixed-rate loan, determine the maximum amount that the lender will be willing to provide to the borrower: ⚫ Loan term: 15 years, . Monthly payment: $800, ⚫ Interest rate: 6%.

Assuming that the interest is the only finance charge, how much interest would be paid on a 5,000 installment loan to be repaid in 36 monthly installments 166.10? What is the APR on this loan?

Give typing answer with explanation and conclusion If the annual payment mortgage constant for an amortizing loan is 10.6%, and the loan amount is $25,000,000, what is the annual payment?

What is the actuarial rate for a simple loan of $1,500 that requires a repayment of 2,000 in 5 years?

Suppose a borrower makes a $100,000 loan with annual payments at a 10 percent rate and a 10-year term. The loan is fully amortizing; however, payments are made on an annual basis to simplify the initial illustration. How the annual loan payment is calculated?

Answer the given problem below. Attach a complete solution. A loan of P5000 is made for a period of 13 months, from January 1 to January 31 the following year, at interest rate of 20%. What future amount is due at the end of the loan period for an (a) ordinary and (b) exact interest rate?

Find the interest paid on a loan of $2,700 for one year at a simple interest rate of 11% per year. The interest on a loan is S

consider the following information, what is the NPV if the borrower refinances the loan? expected holding period: 5 years, currently laon balance: 100,000, current loan interest 9%, remaining term on currentl loan: 15, new loan interest 7.5%, new loan term 30 years, cost of refinancing 4,250

Find the total installment cost and the finance charge for an installment loan with these conditions. Amount financed: $3000  Down payment: $500 Cash price: $3500 Number of Payments: 12 Amount of Payment: $275 What is the total installment cost? What is the finanace charge?

I have an NOI of$172,400. The lender indicated that I can borrow funds at a 7.0% interest rate with a 25 year amortization and 5 year term at a 1.20 Debt Service Ratio(DCR). The lender will charge 2 points. a. What is the monthly payment? b. What is the APR (annual percentage rate) if fully amortized? C. What is the APR at the end of the loan term? d. What if I pay the loan off at the end of the second year, what is my APR? e. What if there was a prepayment penalty of 1.5% at the end of year 4, what is myAPR?