What is the monthly payment? b. What is the APR (annual percentage rate) if fully amortized? C. What is the APR at the end of the loan term?

Q: Jayson made a loan with a 8.5% interest rate that is equal to 3,559.38 and its principal is 225,000.…

A: Time value of money concept says that there can be present value and future value of money. Future…

Q: You are loaned $300 at the end of years 1 and 2, and loaned X at the end of year 3. You pay this…

A: We will use the concept of time value of money. Here each payment is made in a different time period…

Q: What is the APR on this loan?

A: Interest is the cost of borrowing a loan. It is the excess amount over the principal borrowing.…

Q: Reya paid Php 9,250 on a loan made 6 months before at 12% simple interest. Find the interest…

A: Simple interest is simple interest without any compounding that means no interest on interest…

Q: Please calculate: What is the PER, APR and the EAR for a $15,000, 9 month (short term), where the…

A: Given; PER equals the number of Periods = 9 Months APR (Annual Percentage Rate) equals stated…

Q: our business requests a 3-month loan for $500,000. What will be the interest paid at the end of the…

A: LIBOR stands for London Interbank Offered Rate. It is the benchmark rate at which all major global…

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: What future amount is due at the end of the loan period for an (a) ordinary and (b) exact interest…

A: Ordinary Interest Rate: The rate that is applied in calculating simple interest and uses 360 days as…

Q: The following loan was paid in full before its due date a) Find the value of h using an appropriate…

A: Given:APR = 7.2%Regular Monthly Payment = $247Number of payments after Payoff (n) =8

Q: I borrowed $10,000 at 4% on a 60-month term and found the monthly payment to be $184. How much do I…

A: The concept of time value of money will be used to answer this question.   (Note that you have…

Q: Flat Rock Inc recently borrowed $55,000 from its bank at a simple interest rate of 9.2%. The loan is…

A: The loan agreement that states the interest amount would be added back to the amount borrowed, such…

Q: What is the simple interest rate on a loan of 2,000.00 that was paid 2,600.00 after 2 years and 6…

A: Interest = Amount - Principal Interest = 2,600 - 2,000 Interest = 600 Time = 2 years 6 months = 2.5…

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

A: Future value (FV) is the value of a current asset based on an estimated rate of increase at a future…

Q: Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,200…

A: ,

Q: A borrower gets a $75,000, 25 year, 13% loan with 4 points.  What is the true interest rate?

A: Given Information: Loan amount is $75,000 Number of years is 25 Interest rate is 13% 4 points on…

Q: Create a loan repayment schedule for a loan of $30295 and payments c $8482 made annually. Assume a…

A: Interest refers to the cost of borrowing money or the compensation received for lending money. It is…

Q: [+] to determine the regular payment amount, rounded to the nearest dollar. Conside lowing pair of…

A: A loan to a borrower given by the bank/ financial institution which helpful to the borrower in…

Q: Find the annual simple interest rate (in percent) on a 3 -month loan of \( \$ 5,000 \) if the…

A: Simple interest is the type of interest that is calculated only on the principal amount. Simple…

Q: What would the loan payment amount and the interest payed for Kevan’s loan be if the PV=8500,…

A: The term loan payment amount refers to the total amount paid by an individual to pay off the loan…

Q: What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $3,000…

A: yield to maturity (YTM)The yield to maturity is a financial metric used to measure the annual rate…

Q: onsider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: Suppose the lender of $2,000 uses add - on interest method (Rule 78 loan) and also charges 9%, what…

A: The objective of the question is to calculate the monthly payment and the total cost of a loan of…

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

A: A loan refers to funds borrowed in return for a cost. The cost of borrowing funds is called…

Q: what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How…

A: Using the present value of annuity formula we can calculate the original amount borrowed…

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

A: In a simple interest rate , the interest is not compounded.In Simple interest,Future value (A) =…

Q: The monthly payments for the first three-year term of a $440,000 mortgage loan were based on a…

A: Mortgage is a value which is borrowed from other sources like banks and this amount is repaid later…

Q: A loan of $ 1,000 is being paid with annuities of $ 80 at an interest rate of 5. One year after the…

A: In this problem you have to find out present value of payment paid and balance payment.

Q: A finance company uses the discount method of calculating interest. The loan principal is $5,000,…

A: Future Value = Present Value * (1+r)^n

Q: What is the yield to maturity (YTM) on a simple loan for $1,500 that requires a repayment of $4,500…

A: Final Value (FV) = $4,500Present Value (PV) = $1,500Number of years (n) = 5

Q: How much is your loan payment based on the following: Time - 5 years Interest Rate - 5.8% Principle…

A: Time Period = 5 yearsInterest rate = 5.8%Principal Balance = $ 28,000Discount Rate = 4.2%

Q: What is the effective interest rate (APY) for a loan of $8,500 at 12% APR compounded monthly? use…

A: We can use following formula to find the annual effective rate form given APR   I = (1 + ( r/n ))n…

Q: What is the simple interest rate if Rogine paid an interest of P2,100 after 2 years and 6 months on…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: Loan term   in years   Monthly Payment on $178,000 loan (in $) Total amount paid back over the…

A: Please note under answering guidelines only up to 3 subparts can be answered. The table is completed…

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: If the interest rate is at 8%, what is the maximum amount that can be loaned given a repaid of :…

A: Maximum amount that can be loaned is the total sum of present value of all repayment.

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…

Completing the Accounting cycle

An accounting cycle is a multiple-step process that analyzes, verify, record and summarize the entities financial data. The accounting cycle starts when the transaction occurs between two parties and ends when the transaction is completed. The accounting cycle changes the entity's financial position as it involves identifying, verifying, and recording the financial transaction in chronological order. Financial position is the summary of business transactions that occurred throughout the particular accounting period. The accounting cycle recurs at the beginning of each financial year.