What is the present value of loan payments of$515made at the end of every month for 3 years and 6 months? Interest is9.85%compounded annually?

Q: What is the payment for a loan of $320000 with an interest rate of 8.13% compounded monthly for 6…

A: using financial calculator to solve the monthly payment

Q: Find the annual simple interest rate of a loan, where $500 is borrowed and where $570 is repaid at…

A: Amount repaid (FV) = $570 Amount borrowed (P) = $500 Period (n) = 4 Months   Annual simple interest…

Q: As debt payment, P315,000 is due in 4 years and 7 months. If the debtor wishes to repay the debt…

A: Future value refers to the amount to be paid or received on a future date. The future value takes…

Q: What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is paid in…

A: Semi-annual effective interest rate is calculated as below in the excel:

Q: You take one-year installment loan of $1000 at an interest rate of 12% per year (1% per month) to be…

A: Loan amount (L) = $1000 r = 1%  n = 12

Q: What is the future value of $2,500 deposited for one year earning a 14 percent interest rate…

A: In the given question we require to compute the future value of investment from following details:…

Q: What is a monthly payment on a 25 year loan of 70200 if the annual interest rebate is 5%

A: Using Excel PMT function

Q: You borrow $90,000; the annual loan payments are $12,852.25 for 30 years. What interest rate are you…

A: Interest :  It is the total amount payment on loan taken or fund borrowed by any person . it may be…

Q: What is the total interest paid on a loan of $5,000 at APR = 10% for one year.

A: Loan amount = $5000 Interest rate = 10% Period = 1 year

Q: uppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month…

A: In this we need to calculate present value factor and from that you will get monthly payment.

Q: You borrow ksh 1,000,000 from a bank for 5 years at 10% compound interest .The loan is repayable in…

A: Present value (PV)= 1,000,000 Time (t)= 5 years Rate (r)= 10% = 0.1   The present value is how much…

Q: What would the monthly payment be on a 20-year amortized loan of $273,600 with an interest rate of…

A: The objective of this question is to calculate the monthly payment for a 20-year amortized loan of…

Q: Find the annual simple interest rate of a loan, where $900 is borrowed and where $1008 is repaid at…

A: Simple interest is the type of interest that is calculated on the original amount of the loan and…

Q: A loan, amortized over 15 years, is repaid by making payments of $1,900 at the end of every month.…

A: Principal payment refers to the amount of loan that is paid back by the borrower. The loan amount is…

Q: What is the value of an ordinary annuity at the end of 10 years if $500 per quarter is deposited…

A: Amount Deposited per quarter = $500 Years = 10 Rate =8% Total terms(n) = 10*4 =40 Rate per quarter…

Q: What is the interest earned in a savings account after 12 months on a balance of $7500 if the…

A: APY is an abbreviation for “annual percentage yield,” which is the percentage that indicates how…

Q: rate of 8% compounded monthly that will be re-paid 15 monthly payments starting at the end of the…

A: The more is the compounding of interest than more is effective interest rate and due to which less…

Q: What will be the compound interest accrued on a sum of $3500 at the rate 8% in 2 years?

A: Given: Rate of interest (r)= 8% Time period = 2 years

Q: A $345 000.00 mortgage is repaid in 19 years by making monthly payments of $ 2486.44. What is the…

A: The nominal annual rate of interest is the base interest rate for a loan or investment that is…

Q: Imagine a loan of $420,000. The loan is to be repaid in six years (i.e., last payment at the end of…

A: Present Value of Loan (PV) = $420,000Number of compounding periods (n) = 12 × 6 months = 72…

Q: What is the principal portion of the 200th payment of a fully amortizing $250,000, 30-year fixed…

A: We can use the excell funtions that are explained below and get the answers for the above question…

Q: A loan of P50,000 is to be amortized by paying quarterly in 1 year. If money is worth 10% compounded…

A: Quarterly payment = Q Loan amount (L) = P 50000 r = 10% per annum = 2.5% per quarter n = 1 year = 4…

Q: Consider a loan of $5.2 million that is paid quarterly over a period of 15 years. Calculate the…

A: Loan amortization is the process of paying off a loan over time with regular, fixed payments. Each…

Q: You borrow $280,000; the annual loan payments are $24,871.68 for 30 years. What interest rate are…

A: Interest rate is the rate of return earned by the lender on the money lend.It can be calculated by…

Q: You are borrowing $10,000 over a two-year period. The annual percentage rate is 4.5%. 1) What is the…

A: Loan installment is that amount which is paid by the borrower to his lendor for a fixed period of…

Q: A mortgage of $95,000 is to be amortized by monthly payments over 25 years. If the payments are made…

A: Using excel PMT function

Q: A loan of 34000 is made at 5% interest, compounded annually. After how many years will the amount…

A: By rearranging the formula below, we need to solve for n. In the formula below:Loan = $34000Amount =…

Q: You borrow $85,000; the annual loan payments are $8,273.59 for 30 years. What interest rate arc you…

A: The provided information are: Number of periods (Nper) = 30 years Annual payment (PMT) = $8273.59…

Q: Suppose you wish to borrow $60,000 at an annually compounded interest rate of 16% for a period of 14…

A: Using the PMT function in excel

Q: What is the monthly payment on a loan of $5,000 at APR = 6% for 5 years.

A: Loan amount (PV) = $5000 Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50% Period = 5…

Q: If you borrow $1,000 and pay back $1,728 in three years, what annual rate of interest are you…

A: Annual Percentage rate (APR) is the percentage rate that shows the interest calculates on the…

Q: at is the present worth and future of P6000 deposited at the end of every month for 4 years if the…

A: The more is compounding more is future value and less is the present value of money due to the fact…

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.