n of $10,000 with interest at 6.72% compound quarterly is repaid five payments of 950 made at the end of every six months a)how many payments will be required to amortize the loan b)if the loan is repaid in full after six years what is the payout figure c)if paid out what is the total cost of the loan

Q: A loan is to be repaid over 30 years, with month-end repayments of 8,000. If the interes rate is…

A: Loan Amount = Monthly payments * [ 1- [1/(1+r)^n ] / r  where r is the monthly rate = 3/12 = 0.25  n…

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A: Loan amount = $5000First payment = $3000Required rate of return =9%To find: The purchase price for…

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A: Generally loans are paid by annual payments that carry the payment for loan and payment for interest…

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A: Present value of loan ca be calculated by using loan amortisation formula. Present value of loan(P)=…

Q: A loan is taken out at j12 = 18% and is paid back with monthly payments of $279.00, plus a smaller…

A: Annual interest rate j12 = 18% (i.e compounding monthly)henceMonthly interest rate = 18% / 12 =…

Q: A $15 000.00 loan requires payments at the end of each month for five years. If the interest rate on…

A: Present value of annuity formula.PV = A*wherePV = present value of annuityA= periodic paymentsr=…

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan Amount = 1,000,000 Interest Rate = 10% Time Period = 60

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A: Loan is defined as the funds that are borrowed in an exchange of the repayment of the principal loan…

Q: A loan of $10,000 today is to be repaid by annual payments of $800 to commence one year from now and…

A: Final payment:The "final payment" represents the concluding installment in a series of financial…

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A:

Q: A loan of $60000 at j4 = 6% is to be repaid over 20 years with semi-annual payments. a) How much…

A: Amortization refers to the systematic and regular repayment of the loan amount including the…

Q: Calculate the present value of a loan that could be cleared by payments of $3,250 at the end of…

A: We need to use present value of ordinary annuity formula to calculate the loan amount for given…

Q: Consider a loan of $98,000 at 7% compounded annually, with 12 annual payments. Find the following.…

A: Loan amortization can be defined as the procedure of amortizing the loan in such a way that the loan…

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A: Interest Charge - Interest is the fixed some of money to be paid on borrowing amount. Borrowing…

Q: You have a student loan of 25000 with a fixed Apr of 6 % for 15 years  what is the monthly payment…

A: Using excel PMT function

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A: Amortization of a loan refers to the process of gradually paying off the loan debt over a specific…

Q: A loan of $12,000 is repaid by payments of at the end of every three months Interest is 9% $571

A:

Q: A loan for $36, 000 was obtained to be paid off over 5 years at 5.5% P. A with monthly repayments. a…

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A: we will only answer the first three subparts . For the remaining subparts, please resubmit the…

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A: Using excel PMT function

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A: A mortgage is a covered loan that is borrowed to purchase a property. The property in question acts…

Q: What is the monthly payment for a $525,000 loan at 7.0% interest for 25 years with monthly payments?

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.