Suppose you have two loans: one SR 2500 that is due 3 months from now with 5% annual simple interest and the other loan SR 1500 that is due 8 months from now. If you want to mix them in a single payment 10 months from now, how much would you pay given that the interest rate is 7%? *

Q: Suppose you take out a 30 year mortgage for $ 200000 at 8.5% interest. The monthly payments on this…

A: Here,

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Q: rate

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A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

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Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.