If the amount payable in two years is $2,420 for a simple loan at 10 percent interest, the loan amount is A. $1,000 B. $1,210 C. $2,000 D. $2,200
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- For a repayments schedule that starts at the end of year 5 at $A and proceeds for years 6 through 40 as $2A, $3A...... What is the value A if the principal of this loan is $100,000.00 and the interest rate is 10% compounded annually?If someone borrow $4000 with interest rate 4% and has to return the loan with equal payment in 4 years. The amount of the annual payment is: Select one: а. $1169.85 b. $1400 c. $1313.9 d. $1240In an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much will the principal payment be in the second year if the loan calls for equal payments? Select one: a.$15222.90 O b.$10,448.32 O c.$15,593 d.$10,671.69
- n.c.A loan is to be amortized quarterly at P167,900.00 for three years. Find the outstanding principal after the tenth payment if money is worth 8% converted quarterly. Select one: O a. P703,916.06 O b. P30,825.31 O c. P24,255.86 d. No answer O e. P325,988.08. Estimate the duration of Loan MBank Balance SheetCash = $ 50Loan M (7%, 6 years) = $200Deposit N (3 years, 2%) = $ 200Equity = $ 50Total Assets = $250Total Liabilities = $ 250 a. 3.1 years b. 4.1 years c. 5.1 years d. 6.1 years
- A loan should be repaid over 8 years with 32 quarterly payments of $362.19 at j4 = 8%. Under the amortization method, what is the principal portion of the 3rd payment? A. $162.24 B. $158.24 C. $203.95 D. $199.954. Consider the following financing information for a loan of $103,000: Item Value Loan amount $103,000 2 years Loan length Contractual interest rate 8% Origination fee Payment type 4.3% Quarterly payments, equally amortized Find the actuarial interest te, the annual percentage interest rate, and the effective interest rate.Suppose that you borrow$ 12000 at interest rate of 5% per year. If you must be repaid the loan in equal end of year payments over the next 4 years, how much must you repay at the end of each year? O a. $3672 Ob. $3384 Oc. $2672 O d. $2384
- You have taken out a $7.500,000 loan with a 4% interest rate, 30 year amortization and ten year term. What is the loan balance after the final loan payment? a. 50 b. $7.390,303 c Cannot determine with information provided d. $5,908,797A loan $30.000 is to be amortized by equal payments at the end of each year for five years. The interest is calculated at the rate of 6% per annum compounded annually. Find the equal annual payment of that loan for each year? Lütfen birini seçin: O a. $7121.89 O b. $5641.20 c. None of them d. $1142.215.Consider a $10,000 loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 7%. a. Set up an amortization schedule for the loan. Round your answers to the nearest cent. Enter "0" if required Year Payment Repayment Interest Repayment of Principal Balance 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $ 4 $ $ $ $ 5 $ $ $ $ Total $ $ $ b. c. How large must each annual payment be if the loan is for $20,000? Assume that the interest rate remains at 7% and that the loan is still paid off over 5 years. Round your answer to the nearest cent.$ d. How large must each payment be if the loan is for $20,000, the interest rate is 7%, and the loan is paid off in equal installments at the end of each of the next 10 years? This loan is for the same amount as the loan in part b, but the payments are spread out over twice…
