Emily leased equipment worth $70,000 for 5 years. If the cost of borrowing is 5.69%compounded semi-annually, calculate the size of the lease payment that is required tobe made at the beginning of each half-year.$0.00Round to the nearest centSUBMIT QUESTION←QSAVE PROGRESSVSUBMIT ASENGUS

Lease are one form of rental and it gives right to use the equipment by payment of periodic…

Answered: mpounded semi-annually, calculate the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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loan of $37,100.00 at 6.00% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 6 years. a. Calculate the size of the periodic payment. $3,488.50 $4,425.18 $3,727.14 $4,009.67 b. Calculate the total interest paid. $7,625.68 $44,725.68 $3,898.54 $11,352.82
A mortgage balance of $28,000 is to be repaid over a 15-year term by equal monthly payments at 4.9% compounded semi-annually. At the request of the mortgagor, the monthly payments were set at $425. (a) (b) What is the size of the last payment? (c) Determine the difference between the total amount required to amortize the mortgage with the contractual monthly payments rounded to the nearest cent and the total actual amount paid. How many payments will the mortgagor have to make? (a) The mortgagor will have to make payments. (Round up to the nearest whole number.)
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Find the payment necessary to amortize the loan.$2500; 6% compounded annually; 7 annual payments
1.18q Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $17,500 at 3.9% for 6 years.
If lease payments on an office call for $1,550 per month (paid at the beginning of the month) for 24 months, what is the current value of the lease to the landlord. Assume an annual discount rate of 15 percent. Ans.
A loan of $ 10,000 is amortized by equal annual payments for 30 years at an effective annual interest rate of 10 % Determine the year in which the interest portion of the payment is most nearly equal to one-half of the payment. The year that the interest portion of payment is most nearly equal to one-half of the payment= ?
credit union entered a lease contract valued at $5000. The contract provides for payments at the end of each quarter for 5 years. If interest is 5.1% compounded quarterly, what is the size of the quarterly payment? Question content area bottom Part 1 The payment is $enter your response here. (Round the final answer to the nearest cent as needed
Given the following information, calculate the effective monthly rent payment. Lease Term: 10 years, Concession: 1 year free rent to be spread over the term of the lease, Rental Space: 5000 square feet, Rental Rate: $35 per square foot per year, Landlord's discount rate: 9%. Excel link: Excel Sheet.xlsx $5,687 $10,689 $7,081 $12,471

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mpounded semi-annually, calculate the size of the lease payment made at the beginning of each half-year. $0.00 ound to the nearest cent