TD Canada Trust issued a loan of $61,000 at 6.14% compounded semi-annually. The loan was repaid by payments of $810 at the end of every month. How many payments. were required to pay off the loan? (Enter a whole number) What was the total interest paid in the 6th year? (Enter starting and ending periods as P1 and P2 and the total interest paid as a positive value to the nearest cent.) P 1 = P2 Total interest paid in the 6th year = S What was the size of the final payment? (Enter a positive value

TD Canada Trust issued a loan of $61,000 at 6.14% compounded semi-annually. The loan was repaid by payments of $810 at the end of every month. How many payments. were required to pay off the loan? (Enter a whole number) What was the total interest paid in the 6th year? (Enter starting and ending periods as P1 and P2 and the total interest paid as a positive value to the nearest cent.) P 1 = P2 Total interest paid in the 6th year = S What was the size of the final payment? (Enter a positive value

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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A loan of £100,000 is repaid in 11 annual instalments of £13,900, with the first repayment due in one year. What is the interest rate? i 数字 Enter a percentage correct to 1 decimal place. %
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You have taken a loan of $84, 000.00 for 25 years at 5.5% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) \table[[Payment number, Payment amount, Principal Amount, Interest, Balance.], [0),... S 84,000.00,1,1), vdots....S.
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A company borrows $159,600 from a bank. The interest rate on the loan is 6 percent compounded semiannualy. The company agrees to repay the loan in equal semiannualy installments over the next five years. The first payment is to be made six months from now. (Use factor table in Appendix B for calculation) Required 1: What is the amount of each semiannual payment? $ Required 2: In the first payment, what is the amount of interest cancelled? $ Required 3: In the fifth payment, what is the amount of loan paid net of interest? $ Required 4: In the last payment, what is the amount of interest cancelled? $ Required 5: Assume the debt contract has the option to make one extraordinary payment of up to 20% of the principal. If the company decides to exercise the right and make the extra payment together with the 8th payment, how much it must pay in dollars at the 9th payment to pay off the loan? $
You have just borrowed $20,000 on a 10 year loan at 8% simple interest.Complete the Amortization table below for the first 6 month of the loan. Payment Number Beginning Balance payment Amount Applied to interest Applied to principle ending balance 1 20,000.00 242.66 133.33 109.32 A 2 19,890.68 242.66 132.60 110.05 19,780.63 3 19,780.84 B 131.87 110.78 19,669.84 4 19,669.84 242.66 131.13 C 19,558.32 5 19,558.32 242.66 D 112.27 19,446.05 6 E 242.66 129.64 113.01 19,333.04
A lender lends $10,500, which is to be repaid in annual payments of $2,020 for 6 years. Which of the following shows the timeline of the loan from the lender's perspective? A. Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $2,020 $2,020 $2,020 $2,020 $2,020 В. Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 - $10,500 $2,020 $2,020 $2,020 $2,020 $2,020 С. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 - $10,500 $2,020 $2,020 $2,020 $2,020 $2,020 $2,020 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 - $10,500 $2,020 $4,020 $6,020 $8,020 $10,020 $12,020
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