SunBlush Technologies takes out a $16,000 loan that charges 5.25% interest compounded semi-annually has fixed quarterly payments of $650 Answer the following questions For full marks your answer should be rounded to the nearest cent. a) How long will it take to pay off the loan? Your answer should be rounded to the appropriate whole period. 0 years, 0 months b) What is the principal component of the 20th payment? Principal = $0.00 c) What is the interest component of the 9th payment? Interest = $0.00 d) How much is the principal reduced by payments 15 through 187 Principal = $0.00 e) What is the total interest paid for payments 1 through 4? Interest = $ 0.00

SunBlush Technologies takes out a $16,000 loan that charges 5.25% interest compounded semi-annually has fixed quarterly payments of $650 Answer the following questions For full marks your answer should be rounded to the nearest cent. a) How long will it take to pay off the loan? Your answer should be rounded to the appropriate whole period. 0 years, 0 months b) What is the principal component of the 20th payment? Principal = $0.00 c) What is the interest component of the 9th payment? Interest = $0.00 d) How much is the principal reduced by payments 15 through 187 Principal = $0.00 e) What is the total interest paid for payments 1 through 4? Interest = $ 0.00

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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I hope you could write the formula and process more clearly. Thank you
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