What is the maturity value of a $7,500 loan for 16 months at 4.8% compoundedmonthly? Also. how much interested was charged?Future value: $10.479.74 Interest: $2,979.74O Future value: $7.994.67Interest: $494.67O Future value: $7.979.99Interest: $479 99OFuture value: $9.456.88Interest: $1.956.88Future value: $11,790.01Interest: $4.b01

Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Answered: What is the maturity value of a $7,500…

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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Similar questions

If $900 is borrowed and the interest after 6 months is $63, what is the annual interest rate for a simple interest loan? Rate= %
What is the internal rate of return on a $3,000 loan to be repaid as $3,500 twoyears from now?
what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was originally borrowed?
Find the maturity value on a loan of $2,500 at 13.5% interest, for 72 months. Use the formula MV = P + I. O $1,418.75 O $2,025.00 $4,525.00 O $4,930.00
A loan of $2700 collecting simple interest at a 7.9% annual rate was repaid with a check for $2806.65. How long did it take the borrower to repay the loan?
What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is $135.00? (Round any fraction to the next higher day.) O 162 days O 163 days O 164 days O 165 days
Use the following amortization chart: Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $ 79,000 $ 6,000 $ 73,000 6% 30 $ 5.9955 $ 437.67 Assume the interest rate rises to 7.5%. What is the total cost of interest with the new interest rate? (Use Table 15.1). Note: Round your intermediate calculations and final answer to the nearest cent. Total cost of interest:???
a car loan of 25,293.25 is to be repaid with end-of-month payments of 554.68. If interest is 7% compounded monthly how long is the term of the loan? State your answer in years and months (from 0 to 11 months).
Consider an amortized loan of $41,000 at an interest rate of 7.9% for 8 years. What is the total interest owed? Round to the nearest dollar.
Consider a loan of $7700 at 6.8% compounded semiannually, with 18 semiannual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated semiannual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The semiannual payment needed to amortize this loan is $ (Round to the nearest cent as needed.) (b) The total amount of the payments is $ (Round to the nearest cent as needed.) The total amount of interest paid is $. (Round to the nearest cent as needed.) (c) The total payment for this loan from the amortization table is $ (Round to the nearest cent as needed.) The total interest from the amortization table is $ (Round to the nearest cent as needed.)
The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent. P=$900, r=6%, t=2 months
Suppose the future value of a 7.25% simple interest loan is $3,208.91 at the end of 185 days. Find the present value of the loan.

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