Question 3A debit of $15000 is repaid in quarterly installments of $4200. If interest is 9 compounded quarterly, what is the sure of the final payment?(Round nupto 6 decemal places and money to 2 d.p.)PV-PMT-VY-C/Y-INin-For last paymentneOutstanding Balance-InterestFinal PaymentBlank 1Blank 2:

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

Answered: Question 3 A debt of $15000 is reped i…

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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question 4 out 20
A B E 2 Determine the maturity date and compute interest for each note. 3 Days to be used per year 360 days 4 Note Contract Date Principal Interest Rate Period of Note (Term) 6. 1 1-Mar $10,000 6% 60 days 7 2 15-May 15,000 8% 90 days 8 3 20-Oct 8,000 4% 45 days 9. 10 Required: 11 12 (Use cells A5 to F8 from the given information to complete this question.) 13 14 Note Contract Date Maturity Date Interest Expense 15 16 17 3 18
FL R %24 林 N 4. 3. %23 144 OL 米 91 ア」 f5 dp al 5 of 11 < Prev account? (Round your answer to the nearest cent.) deposits an additional $60,000 at 6% interest compounded semiannually. At the end of six years, what is the balance in Moxie's Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the beginning of year 4, Moxie Moxie's account balance
Please answer
Payment and frequency (PMT) $1,200 end of quarter 4b $475.50 per month (end) # 4a 4c S per every six months (end) 4d $985.55 per quarter (end) 4e $2,000 at the beginning of every six months 4f $240 at the beginning of every 3 months Time in years (n) 6 years 190 payments 9 years years 12 years and 6 months 39 months Interest rate and compound frequency (I/Y) 5% compounded quarterly 64% compounded quarterly 4% compounded monthly 17.95% compounded monthly % yearly 2.95% compounded semi-annually Present Value (PV) Not Applicable $18,000 Not Applicable $39,000 Not Applicable Future Value (FV) Not Applicable Not Applicable $1,000,000 Not Applicable
Question 22 You have taken a loan of $63,000.00 for 36 years at 5.5% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0) $63,000.00 1) S $ S $ 2) $ S $ 3) $ S $
James has a mortgage of $84,500 at 8% for 30 years. The property taxes are $3,700 per year, and the hazard insurance premium is $754.50 per year. Find the monthly PITI payment (in $). (Round your answer to the nearest cent. Use this table as needed.) $ LA Need Help? Read It Watch It Master It
Rahulbhaliya
A8
Subject: Finance
True (t) or False (f) _____ A $15,000, 8%, 9-month note payable requires an interest payment of $900 at maturity
Q2. Complete the amortization schedule for the last three payments on a $500,000, 15-year, monthly-pay, 4.2% APR home mortgage. End of Beginning Monthly Month Balance Payment Principal Interest Ending Balance 178 $11,167.99 $3,748.75 $39.09 $3,709.66 $7,458.32 179 $7,458.32 $3,748.75 $26.10 $3,722.65 $3,735.68 180 $3,735.68 $3,748.75 $13.07 $3,735.68 $0.00

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Question 3 A debt of $15000 is reped i arterly installments of $4200 ferest is 9 compounded quarterly, whe (Round nupto & deci saces and money to 2 dp.) PMT VY- 1- RO For last payment for Outstanding Balance- Fal Payment Blank Blank 2 paymen