If $13,376.39 was the interest earned on lending $87,000.00 for 4 years, what was the quarterly compounding nominal interest rate charged on the loan?

Q: Mr. Chua had a P50,000 business loan that is to be paid for 1 year. If the interest rate is 10%…

A: Solution :-

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: A loan of $14400 is to be repaid in end of quarter payments of $600. How many payments are required…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: A student pays back a loan (principal + interest) of $12 344. If it compounded weekly for 4 years,…

A: A=P1+rnnt

Q: Find the capital value of an office building for which annual rent of $50,000 will be paid in…

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Q: What will be the value in 5 years of $17,000 at 4% interest compounded monthly? $

A: Given information:Principal amount (initial investment): Annual interest rate: Compounding…

Q: To buy a house in Auckland, Mr Lim took a loan of $500 000 from a bank which chargers compound…

A: Loan Amount  = P0 = $500,000 Interest Rate , r  = 0.013 Loan term = n = 10 years The CI is…

Q: prder to accumulate enough money for a down payment on a house, a c ch money will be in the account…

A: Introduction: The formula of the annuity is given by, A=R·1+rnnt-1rn Where r is the interest rate, t…

Q: Jayden just graduated from college and owes $19,400 on his student loans. The bank charges an annual…

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Q: Wayne was late in making a $3,500 payment to Dora. If Dora accepted a payment of $3,801.75 and…

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Q: Determine the amount owed if $5000 is borrowed for 4 years at 8.7% compounded quarterly.

A: If $5000 is borrowed at 8.7% compounded quarterly, we need to find the amount owed after 4 years.…

Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7%…

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Q: Mckenna’s family bought a cottage and now have a mortgage in the amount of $78 000. They will repay…

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Q: Laurie took out a business loan of $82,000 earning an annual interest of 8.2% compounded quarterly.…

A: We have to find how much Laurie need to pay towards the loan every quarter in order to pay off the…

Q: How much is the original loan if semi-annual payments of $100,000 are used to repay it at 5%…

A: r= 5% A = amount to be paid =$100,000 P = original amount  t= 8 years

Q: How much will need to be paid in full on a loan of $2200, at a rate of 4.2% simple interest for 6…

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Q: If you were to lend Rs. 1,500,000 for five years and charged 19%. Calculate your return in each…

A: Note: It is assumed that the charged amount is the simple interest. The simple interest, I, is…

Q: Suppose that start of month payments of $376 are made to an investment that earns interest at the…

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Q: The Small Business Administration offers business loans at 5.8% interest compounded monthly for 8…

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Q: If $13,376.39 was the interest earned on lending $79,600.00 for 6 years, what was the quarterly…

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Q: c) Mr Jason deposited $5000 into an account paying 6% annual interest compounded monthly, how long…

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Q: If you borrow 1500 dollars from a lending agent for 13 weeks and in the end you have to pay back…

A: Formula r = (1/t)(A/P - 1) r = simple interest rate = ? P = principal amount =1500 A = P+ I  = 1650…

Q: Find the new balance for $1,000 left on deposit for 6 months at 4% interest compounded quarterly.

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