How much is the compensating balance if you need to borrow $350,000 for one year with 9% single payment interest and a 15% compensating balance. * O 250000 O 24000 O 61764.71 O 35000 O 34615.38

Q: What would the monthly payment be? It is a zero amortizing loan

A: Given  Pv=300000*75%=225000 i=6%/12=0.5% n=30*12=360 Pv=pmt*(1-(1+i)^-n)/i

Q: 21. You borrowed 75 percent of a new car priced at $20,000 with an interest rate of 7 percent…

A:

Q: How much is the effective cost if you need to borrow $300,000 for one year with a discount loan of…

A: The effective cost of a discount loan is calculated as interest paid on principal amount divided by…

Q: Q6. You plan to deposit P100 into a savings account at the end of each month for the next 5 years.…

A: Note: The Answer, given for part b is mentioned incorrect, so we are solving the correct one for you…

Q: How much is there in a savings account in 2 year we deposit $5,000 now at a rate of 0.25% per month…

A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…

Q: A borrower can borrow $10 million at a fixed-rate loan at 7.5% for six years. After some…

A:

Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…

A: The future value of annuity refers to the future value of a series of payments. The future value can…

Q: Listen How much will you have in 6 years if you save $3,600 at the end of every six months? Money…

A: The concept of money's time value reveals that any sum of money is worth more currently as compared…

Q: You borrow $30,000 for 10 years to pay tuition and fees. The annual interest rate is 12 percent.…

A: Loan Amortization: It refers to the process of paying off the loan in equal periodic payments.…

Q: How much money should be deposited today in an account that earns 8.5% compounded monthly so that it…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: If you wish to withdraw the annual payment series in the figure below, how much do you need to…

A: Solution:- When an amount is deposited somewhere, it earns interest on it. The amount initially…

Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…

A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…

Q: How much the monthly payment on a $135k home be if you get 3.6% interest over a 15 year loan with a…

A: Given information: Amount of loan : $135,000 Interest rate : 3.6% Time period : 15 years Balloon…

Q: How much is the effective cost if you need to borrow $250,000 for one year with 12% single payment…

A: As per our guidelines, we are supposed to answer only 1 question ( if there are multiple questions…

Q: 18. You are borrowing $700,000 for 30 years at 6% annually. The lender is charging you a 2 point…

A: Effective interest rate simply means annual interest rate. It contrasts the interest rates of two…

Q: What will a deposit of $2500 at 7.8% compounded semiannually be worth if left in the bank for six…

A: Formula for Future Value FV=PVx(1+r/2)nxt Where, FV = Future Value PV = Present Value r = rate of…

Q: If you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you…

A: Compounding is a way to find the FV of a deposited amount by considering the appropriate rate for…

Q: What would be r in this problem? A P100,000 loan is to be paid monthly for 2 years with an interest…

A: Effective Annual Rate: The effective annual rate of interest is the actual or the real rate of…

Q: 15. Helen Barns wishes to purchase a new home and borrows $389,000 with a repayment plan of 25…

A: Step 1: The calculation of the annual payment  AB1Borrowings (PV) $3,89,000.00 2Years (N)253Interest…

Q: How much would your monthly payment be if you wish to pay the total amount due on a loan of P144,039…

A: Given, The total value of loan amount due is P144,039. Rate of interest is 6%. Number of years 11.

Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…

A: PMT = 58 Period = 13 years  Nominal rate of interest = 7.23% Additional amount = 1000

Q: $5476.6 monthly  If you can afford to pay the monthly payment from the above calculation, how much…

A: Here, Monthly Payment is $5476.6 Time Period (n) is 20 years Interest Rate (Rate)  is 6.25%…

Q: What will a deposit of $4500 at 7.8% compounded semiannually be worth if left in the bank for six…

A: N  = 6 years * 2 semi-annual period in a year = 12 I% = 7.8 PV = - 4500 Pmt = 0 P/Y = 2 (as…

Q: You want to save P85,000 for future family vacation (three years from now). If the bank pays 8.5%…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: (Comprehensive problem) You would like to have $54,000 in 16 years. To accumulate this amount, you…

A: Future value = $54,000Period = 16 yearsInterest rate = 6% per annum

Q: You want to start to save for a major purchase. You can invest P320 every three months for 3 years…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: How much money you must invest today in order to withdraw P 2,000 per year for 10 years, if the…

A: Annuity refers to the equal amount of payments/deposits at equal intervals for a definite period at…

Q: 27.In a loan with 20% simple interest, the future amount is P2,000 more the principal after one…

A: Simple interest is quite simple there is no compouding of interest and there is no interest on…

Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: Here we will have to use the formula for future value of an ordinary annuity. Note that an ordinary…

Q: Calculate the simple interest due on a 72-day loan of P3,000 if the annual interest rate is 4%.

A: Given: Loan = P 3000 Interest rate = 4% number of days in loan = 72 total number of days in year =…

Q: Your savings account pays 6% annually. Assuming this interest rate remains constant, how much do you…

A: If the annual saving interest is 6%. let's say the amount invested is X So total amount after 4…

Q: An annuity has a deposit of $50 per month and a value of $10,000 after 8 years. What interest rate…

A: The idea of the time value of money (TVM) states that money you have now is incredibly valuable you…