Q1. (10 marks) You are considering taking a housing loan. The loan amount is INR 40 lakhs. If the loan period is 20 years and the annual rate of interest is 9.20 %, what would be your monthly instalment? What will be the % change in EMI if the loan Deriod increases to 25 years? (all answers should be correct in INR and correct to two decimals.)

Q1. (10 marks) You are considering taking a housing loan. The loan amount is INR 40 lakhs. If the loan period is 20 years and the annual rate of interest is 9.20 %, what would be your monthly instalment? What will be the % change in EMI if the loan Deriod increases to 25 years? (all answers should be correct in INR and correct to two decimals.)

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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If you borrow $500 for 6 months at 6% annual simple interest, how much must you repay at the end of the 6 months? PREVIOUS ANSWERS HARMATHAP 12 6.2.007. Find the future value if $7000 is invested for 5 years at 12% compounded annually. (Round your answer to the nearest cent.) Submit Answer DETAILS DETAILS HARMATHAP12 6.2.017. What is the compound interest if $43,000 is invested for 5 years at 8% compounded continuously? (Round your answer to the nearest cent.)
1. If you borrow $2,400 and agree to repay the loan in four equal annual payments at an interest rate of 10%, what will your payment be? (Do not round intermediate calculations. Round your enswer to 2 decimal places.) Amount of payment b. What if you make the first payment on the loan immediately instead of at the end of the first year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Repayment amount %24 %24
3a)A loan of £16,000 is repaid by annual payments of £1,500 each at the end of the year. How long does it take to repay the loan on the basis of an interest rate of 1% p.a.? b)Suppose the payment at t=11 is increased to repay the loan (a balloon payment).What is the value of the payment at t=11? c)Alternatively, the loan may be repaid via a payment at t=12 (a drop payment).What is the value of the payment at t=12? could you please help me with this question
k-You borrow $5,000 fixed payment loan. What will be the fixed payment if you want to payoff the loan in 4 quarterly payments? The quarterly rate is linked with Loan Prime Rate (LPR). The annual LPR is 12%. How much will be the total interest payment made by you?
If Your bank _offers to lend y~u $100,000 at_ an 8.5% annual interest rate to start your new business. The terms reqwre you to amortize the loan with 10 equal end-of-year payments. How much interest would you be paying in Year 2?
Suppose you take out a margin loan for $71,000. The rate you pay is an effective rate of 5.6 percent. If you repay the loan in six months, how much interest will you pay? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Suppose you take out a loan for 180 days in the amount of $12,500 at 15% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan? (Round to the nearest cent.)
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A loan of $5000 is taken out today. It is due with interest at j4 = 8% in 2 years. Instead, the borrower negotiates with the lender to pay $2500 in 1 year and $X in 3 years. If the lender can reinvest any payment at j₂ = 5%, what is the value of X? $3395.34 B. $2493.59 $3038.93 $3581.68
you are analyzing a GPM. the terms are $60,000 loan amount, 9% note rate, 30 years, monthly payments, OFV, payments in year one based based upon 7%, and payment in year two based on 8%. how much will you owe on this loan at the end of the second year? Please assist, using HP 10bII+.
1. Suppose you borrow $16,000. The interest rate is 9%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".
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