If you pay $8,400 for a 20-year zero coupon bond with a face value of $40,000, what is your annual compound rate of return?

Q: Your parents are buying a house for $187,500. They have a good credit rating, are making a 20% down…

A:

Q: What is the monthly payment on a 15-year mortgage of $200,000 at 6% interest? What is the total…

A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: If the Principal amount is P72,500, the interest rate is 8% and the time is 3 years, the amount of…

A:

Q: Ms. Sherlyn borrowed $50000 for six years at 12% annual interest rate compounded monthly. If both…

A: Problems related to compound interest with the given data

Q: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest rate of…

A:

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. b. How much will…

A: Given that, the loan amount is P=$175,000, interest rate r=4.5%, time n=30 years and due is monthly…

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: minimum

A: The mortgage formula is given by: M=P.r1+rn1+rn-1, where it is given that P=$175,000, r=0.04512 and…

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: Mitchell has been given the option of either paying his $800 bill now or settling it for $812 after…

A:

Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: Trevor plans on getting a $166,000 loan for 30 years to purchase a home. Lender A offers him a 5%…

A: The objective of this question is to calculate the difference in monthly payments for a home loan…

Q: Suppose you want to purchase a $160,00 house. If you put 20% down and finance the rest in a 20 year…

A: # Given: principal amount P=$16000 With 20% down payment  Interest rate r=0.04125 per year  With 20…

Q: ppose you have budgeted $ 1235 a month towards a mortgage. If you are offered a 30 year mortgage at…

A: Given Monthly payment=$1235 N=30*12=360 R=8.25/12=0.6875%

Q: Shaun Murie wants to expand his pharmacy. To do this, he takes out a bank loan of $49,275 and agrees…

A: Solution:Given    P=$49,275     r=12.2%=0.122n=48 months=4 yearTo find the amount of each payment…

Q: Suppose you want to purchase a $ 165000 house. If you put 20% down and finance the rest in a 25 year…

A: # Given: principal amount p=$165000 20% down payment  25 year mortgage  interest rate r=5.5%  then…

Q: What is the present value of a $100 perpetuity deferred for 10 years if the interest rate is 6% ?

A: We have to find the present value Annual cash flow =$100Interest rate = 6Present value…

Q: The Dalton family is purchasing a $135,000 house. They plan to make a 20% down payment. The bank…

A:

Q: What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?

A:

Q: Tom and Linda have been approved for an $185,000, 15-year mortgage with an APR of 5.35%. What will…

A: Since the given term is APR then we have to compute simple interest. The formula for simple interest…

Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…

A:

Q: Noreen Leung has agreed to purchase her partner’s share in the business by making payments of $1,100…

A:

Q: Suppose you make a down payment of 6% of $27,600 and finance the rest at 1.5% compounded monthly for…

A: The down payment is 6% of $27,600, which is: 0.06 x $27,600 = $1,656   So you are financing the…

Q: Jeffery Wei received a 6-year non-subsidized student loan of $33,000 at an annual interest rate of…

A: Consider the provide question, Given, P = $33,000 Annual interest rate = 5.8% We first find the…