pradip.3 compute the size of the final payment for the following loan.principal is 18000, periodic payment $2192, payment interval 6 months payment made at end interest rate 6% and conversation period semi annually

pradip.3 compute the size of the final payment for the following loan.principal is 18000, periodic payment $2192, payment interval 6 months payment made at end interest rate 6% and conversation period semi annually

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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LINE 721757 Find the APR (true annual interest rate), to the nearest half percent, for the following loan. Finance Charge Number of Monthly Payments $175 Amount Financed $3100 18 Click the icon to view the annual percentage rate table. The annual percentage rate is%.
Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) Amount Number of Monthly Financed Payments Payment $14,000 36 Need Help? Read It $503.00 $ Finance Charge Finance Charge per $100 APR %
Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $6,500 36 10% $ $ $
Subject: accounting
How much total principal is repaid between the 1st and 7th payment interval of a 4.5-year loan for $4887 at an interest rate of 7.4% compounded monthly and the payments are also monthly. Round your answer to the nearest dollar.
Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Monthly Payment Number of Finance Amount Financed APR Payments Charge $18,100 72 $426.08 $ 12577.76 %
Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Number of Financed Payments $18,500 72 Monthly Payment $424.08 $ tA Finance Charge APR %
Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Financed 18,200 Number of Payments = 72 Monthly Payment = 424.08 Solve for Finance Charge and APR
Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) AmountFinanced Number ofPayments MonthlyPayment FinanceCharge APR $100,000 72 $2,025.50
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Write out a complete schedule for the amortization of a $50,000 loan with payments every 6 months at 14% interest compounded semiannually for 1 year. Complete the schedule below. Payment number Amount Interest 1 $ $ 2 S $ (Round to the nearest cent as needed.) Applied to principal $ $ Unpaid Balance $ $
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