nal $20 interest pa

Q: How do I calculate the discount factor on a zero interest bearing note? 600,000 12% interest for 3…

A: The formula for calculating the discount factor is given below:

Q: Meghan Pease purchased a small sailboat for $8,350. She made down payment of $1,300 and financed the…

A: Purchased Amount = $8350 Down Payment = $1300 Monthly Payment = $232.38 Remaining Payment = $8350 -…

Q: City Hospital, a nonprofit organization, estimates that it can save $28,000 a year in cash operating…

A: The process of evaluating proposed big projects or investments is an important part of capital…

Q: 49. Treasury Bill A three-month $7600 T-bill carries a discount of $80.75. What is the discount rate…

A: Face value = $7,600Discount amount = $80.75Maturity = 3 months

Q: 16. Find the total interest for a four year loan compounded monthly of $12,000 at 9% interest. pymt-…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Suppose you know the annual interest rate will be 5 percent and you are going to put down 20% of the…

A: A mortgage is a specific kind of loan that is used to finance the acquisition of real estate, like a…

Q: Consider the following timeline: Date $100 OA. $614 OB. $600 OC. $944 OD. $472 2 $200 3 $300 Cash…

A: The PV of an investment refers to the combined value of its cash flows assuming that they are…

Q: Rental Costs Annual rent Insurance Security deposit Buying Costs Annual mortgage payments Property…

A: The following two options are available as follows under:-1)Rent from market2)Buying of property

Q: Find the maturity value, discount period, bank discount, and proceeds

A: Bonds:   Bonds are long-term promissory notes that are represented by a company while borrowing…

Q: ompany issues 7%, 7-year bonds with a par value of $170,000 on January 1 at a price of $179,602,…

A: The annual interest paid on the bond is the coupon rate of the bond into the par value of the bond.…

Q: Question 3 A debt of $15000 is reped i arterly installments of $4200 ferest is 9 compounded…

A: The amortization schedule shows the payment structure of the repayment of the loan amount. It…

Q: 10. The interest on a 30- a. $41.25 b. $38.96. c. $40.68 d. $42.63

A: Time = 30 Days = 1 month Amount = $5,500 Interest arte = 8.5%

Q: The total interest on a $14400, 4-month 7% note is O $1008. O $15100. O $700. O $336.

A: Interest on a note is the cost or fee charged for borrowing money, usually calculated as a…

Q: the missing item in the following ipal 685 Interest rate 4% Time years

A: Principal = $685 Rate of interest = 4% Simple Interest mount = $137 Time period = ?

Q: 24. Interest charged on a $100,000, 9%, 180-day note payable would a. $9,000. b. $4,500. c. $2,250.…

A: Note payable also called promissory note. It is a legal instrument in which one party promises in…

Q: Multiple Choice MC.23-37 Simple interest on a $25,000, 8%, 18-month note is   *$3,000. *$22,000.…

A: a is the correct answer      Calculation of simple interest on notes : Interest =…

Q: FV(Monthly.) = $100(1.01)60

A: We need to use future value formula to solve this problem FV =PV(1+i)n where FV=future value PV…

Q: Principal 1.? 2. $6,000 3. $900 Interest rate 4% 6% Time (days) 90 days 180 days A A A Simple…

A: Simple interest Simple interest is a simplest method for calculating the interest charged on a loan.…

Q: ate 10% time 180 days Interest:$45.28 Find the principal. Round to the nearest cent

A:

Q: 1. $2,4 2. $2,6 3. $2, 4. $2

A: in this problem we have to calculate future value FACTOR depending on interest rate and period from…

Q: John Regan, an employee at Home Depot, made deposits of $790 at the end of each year for 6 years.…

A: The concept of time value of money will be used here. To compute the future value of a cash flow…

Q: Pursell Bank offers you a five-year loan for $50,000 at an annual interest rate of 8.75 percent.…

A: In the above question we have to calculate annual loan payments of Pursell Bank loan. To calculate…

Q: $87 Kumapy If the interest rate is 7 percent, then the present discounted value of $100 to be…

A: Interest Rate = r = 7%Future Value = fv = $100time = t = 2 Years

Q: Case Amount of annuity $1,500 500 30,000 11,500 AUDH B Interest rate 8% ga 14 Deposit period (years)…

A: Future value The value that an investment will have at a certain time in the future is known as the…

Q: Loan $ 26,000     Down Payment $ 5,000     Time   36   months Rate   11   % Monthly Payments?

A: Solution: Loan amount = $26,000 Time = 36 months Annual rate of interest = 11%

Q: Principal Interest Rate Time Simple Interest Total Amount Owned $18,000 9% 4 mos

A: SIMPLE INTEREST FORMULA: SIMPLE INTEREST=P×R×T100 where, P=principal R= rate of interest T= no of…

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.