The interest on a loan of R2 000 to be repaid

Q: Find the payment necessary to amortize a 5.5% loan of $7700 compounded semiannually, with 6…

A: The annuity is the amount that is paid every period to amortize the loan which includes the interest…

Q: What was the interest rate on a 3.5-year loan, $1000 loan if the simple interest paid was $297.50?

A: Interest rate = (Total interest / amount) * (1/time)

Q: ou have taken out a $7.500,000 loan with a 4% interest rate, 30 year amortization and ten year term.…

A: Loans are paid by equal monthly payments and these payments carry the payment for interest and loan…

Q: how are the origination fees borne by the borrower accounted for in relation to the initial…

A: External financing is the outsourcing of funds and refers to investment or financing provided by…

Q: simple interest The interest on a loan of P 2,500 is P 165.00 .  If the rate of interest is 6 %,…

A: The time on the loan can be calculated with the help of simple interest equation

Q: A loan is to be amortized by n level annual payments of X where n > 5. You are given (1) The amount…

A: Let L = Loan amount Number of payments = n Annual payments = X Interest rate = r

Q: 2.A certain loan was to be amortized based on the schedule below at 15% interest. What is the…

A: Solution : Let us first find the net present value of the year end payment using 15% interest rate…

Q: How to adjust this Accrued interest on loans payable 18,000

A: Accrued Interest: According to accounting principles, accumulated interest refers to the amount of…

Q: 4. Consider the following financing information for a loan of $103,000: Item Value S103,000 2 years…

A: Interest rate refers to a proportion of interest charged by a lender on loan value to the receiver

Q: A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT FUTURE…

A: Simple interest measures the interest payment on the principal amount for a period of time without…

Q: Find the payment necessary to amortize the following loan. $7500; 8.8% compounded semiannually; 18…

A: The present value method is used to evaluate the different levels of investment projects. With the…

Q: Find the total installment cost and the finance charge for an installment loan with these…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: Find the payment necessary to amortize the following loans using the amortization table, and round…

A: Present value is the sum of money that must be invested to achieve a specific future goal. Future…

Q: A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT DUE AT…

A: Loan amount = P80,000 Annual interest rate = 0.10 or 10% Annual period = 1.5 (i.e. 18 / 12) Amount…

Q: Find the amount (in $) of interest on the loan.

A: Interest: It refers to the monetary charge paid by the borrower to the lender for taking a loan. It…

Q: What is the maturity value of a loan of R64 000 earning an interest of R12 733?

A: Maturity value is the sum of principal loan and interest earned during the loan period

Q: the intereswt rate a company pays on 1 - year, 5-year loan depends on?

A: Interest rate:Interest rates are expressed in percentage terms as the cost of loans or return on…

Q: The fixed payment for a mortgage is P1 297.20. The original balance is P200 000.00. If the interest…

A: The new balance of loan will be original balance minus principal payment

Q: 2. Find the amount (in $) of interest on the loan

A: Interest: It is the monetary charge paid to the lender by the borrower for taking a loan. Interest…

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 5 4 1 2…

A: The interest is the amount that is received or paid on the principal amount for the specified time…

Q: asssuming that the interest is the only finance charge, how much interest would be paid on 5,000…

A: The question is based on the concept of Loan and amortization.

Q: What amount should be paid on the maturity date to settle a one-hundred-twenty day loan dated March…

A: Interest = Principal * rate * time Interest = 15600 * 13.2857% * 120/365 Interest = 681.39

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 8…

A: Interest Amount = Principal * Interest rate * Number of months / 12

Q: 3. A debt of P3,500 is to be amortized by 6 equal semiannual payments with interest at 6%compounded…

A: Debt amount (PV) = P 3500 Number of semi-annual payments (n) = 6 Interest rate = 6% Semi annual…

Q: The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's…

A: Given  in question,Principal (P).Amount (A).Time (t) = 6 months    year = 0.5Let,the rate per year…

Q: A loan of X is repaid with level payments of R payable at the end of each year for n years. You are…

A: 1. Year 1 Interest: $797.502. Principal Repaid in Year n-48653. Principal Outstanding at End of Year…

Q: Consider a loan of $7700 at 6.8% compounded semiannually, with 18 semiannual payments. Find the…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: Find the APR of the loan given the amount of the loan the number and type of payments, and the add…

A: Annual percentage rate (APR) refers to a real interest rate which an investor is expect from his…

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.