If you lend $3000 to a friend for 15 months at 10% annual simple interest, find the future value of the loan. $
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If you lend $3000 to a friend for 15 months at 10% annual simple interest, find the future value of the loan.
$
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityA friend asks you for a loan of $1,000 and offers to pay you back at the rate of $90 per month for 12 months. Using an annual interest rate of 10%, find the net present value (to you) of loaning your friend the money.If you lend $3000 to a friend for 15 months at 8% annual simple interest, find the future value of the loan. $ Need Help? Read It Master It 4
- You lend a friend $10,000, which your friend will repay in 5 equal annual end-of-year payments of $3,000, with the first payment to be received 1 year from now. What rate of return does your loan receive? I need to be able to use excel and manually calculate as well.After making payments of $901.10 for 6 years on your 30-year loan at 8.9%, you decide to sell your home. What is the loan payoff?After making payments of $901.10 for 8 years on your 30 year loan at 8.3%, you decide to sell your home. What is the loan payoff?
- You lend $450 to a friend who promises to make 4 payments to you of $120 at the end of 6 months, 12 months, 18 months and 24 months. Draw a timeline from your perspective. If you can reliably earn 5% per year, what is the net present value (NPV) of this loan?You lend a friend $10,000, for which your friend will repay you $27,027 at the end of 5 years. What interest rate are you charging your friend? The interest rate you are charging your friend on the loan is Round to the nearest whole percentA customer of your bank comes for a car loan 10000 OMR. He is charged with an interest rate of 5% per year. The customer expects a monthly repayment schedule from you, to plan his repayment. Provide a loan amortization schedule for a monthly repayment of 1 year. (Amortization factor is 0.952 )
- Suppose that you borrow $20,000 for four years at 8% toward the purchase of a car. Find the monthly payment and the total interest for the loan.You have purchased a house and take out a $600,000 loan with a 30 year term at 5% nominal annual interest rate with monthly compounding. What are your monthly payments to the nearest penny?Suppose you borrow 11,000 for 5 years at 6% towards the purchase of a car. What would be the monthly payments and total interest for the loan?