Suppose that $15,000 is borrowed now at 12% interest per year. A partial repayment of $5,000 is made five years from now. The amount that will remain to be paid then is most nearly: A. $10,000 B. $21,400 C. $ 21,434.50 D. $26,400
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- Suppose that $10,000 is borrowed now at 15% interest per year. A partial repayment of $3,000 is made four years from now. The amount that will remain to be paid then is most nearly: A. $7,000 B. $8,050 C. $8,500 D. $13,000 E. $14,490Suppose that $10,000 is borrowed now at 15% interest per year.General Accounting
- Financial AccountingSuppose you borrowed $45,000 at a rate of 8.4% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? a. $36,000.00 O b. $38,272.98 Oc $37,390.39 O d. $34,492.98 O e. $33,610.392. Assume that you can invest to earn a stated annual rate of return of 12 percent, but where interest is compounded semiannually. If you make 20 consecutive semiannual deposits of $500 each, with the first deposit being made today, what will your balance be at the end of Year 20? $57,900.83 $58,988.19 O $52,821.19 O $64,131.50 O $62,527.47
- Suppose you borrowed $15,000 at a rate of 11.1% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year? a. $1,248.75 b. $1,665.00 C. $1,714.95 d. $1,481.85 e. $1,615.05Your company has just taken out a loan for $25,000 to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10% compounded annually. What percentage of the 2nd payment will be interests? A. 17.36% B. 19.36% C. 18.36% D. 21.36% E. 20.36%Suppose you borrowed $50,000 at a rate of 8.1% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? Oa. $42,434.97 Ob. $41,494.15 Oc. $40,000.00 Od. $37,444.15 Oe. $38,384.97
- = Calculate the future value of $8,000 in a. Four years at an interest rate of 8% per year. b. Eight years at an interest rate of 8% per year. c. Four years at an interest rate of 16% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? ...81. Suppose you take out a $10,000 loan at a 6% nominal annual rate. The terms of the loan require you to make 12 equal end-of-month payments each year for 4 years, and then an additional final (balloon) payment of $4,000 at the end of the last month. What will your equal monthly payments be? a. $137.96 b. $145.22 C. $152.86 d. $160.916.If the current value of $1000 received five years from now is $680.50, what is the assumed annual interest rate? 7.If the current value of $1000 received in each of the next five years starting one year from now is $3889.65, what is the assumed annual interest rate? 8.$1000 is deposited in a bank earning 8% compounded annually. What will be the balance at the end of ten years? What will be the ending balance assuming money is compounded quarterly?