What should the monthly payments be if Leons is to earn 15% compounded monthly on its account receivable during both the deferred period and repayment period?

Q: You are to make monthly deposits of $875 into a retirement account that pays an APR of 9.5 percent…

A: An annuity is a financial product that pays out a fixed stream of payments to an individual,…

Q: A loan is offered with monthly payments and a 17.00 percent APR. What’s the loan’s effective annual…

A: Given; Nominal interest rate (r): 17% Time period (n): 12 months

Q: A $5000 loan at 10% compounded annually is to be repaid by two payments three and five years from…

A: Loan amount = $5000First payment = $3000Required rate of return =9%To find: The purchase price for…

Q: You deposit $63000 into an account which pays 5% compounded semiannually. How much can you withdraw…

A: Given:Principal (P) = $63,000Rate (r) for every six months = 5%Semi-Annually Rate = 5%/2 = 0.025…

Q: What is the amount of an annuity that consists of 100 monthly payments of $250 into an account that…

A: Given: Periodic payment (P) =$250 Rate of interest per month = 5% annually  Rate of interest monthly…

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: You deposit $64000 into an account which pays 5% compounded monthly. You wish to make semiannual…

A: Amount that can be withdrawn from account depends on the period of withdrawal and interest rate of…

Q: Whatis the future sum of 1,900, given that it will be held in the bank for 25 years and earn 17…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: What amount can you borrow if you make nine quarterly payments of $5,300 at a 16% annual rate of…

A:

Q: How much should you deposit at the end of each quarter into an account that pays 4.4% annual…

A: The principle refers to the amount you committed to repay at the outset. The expense of borrowing…

Q: What is the amount of each payment if Plascote Industries borrows $32,600, at  an annual interest of…

A: for calculating amount to be paid for each installment we use PMT function in excel to determine the…

Q: You are working as a finance manager for a construction company. The company is considering to buy a…

A: The capital budgeting process is the process of selecting among various projects or capital…

Q: How much should be deposited into an account to set up an annuitv that will provide equal payments…

A: Present Value: Given a certain rate of return, the present value (PV) of a future amount of money or…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Future Value is that amount which includes the interest which is received by investing the amount at…

Q: What is the effective interest rate for quarterly transaction if the interest rate is 5% per year…

A: When taking compounding into account, the Effective Interest Rate (EIR) is a critical financial…

Q: Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest…

A: Following informations are given in the question:

Q: You are paying an effective annual rate of 8.974 percent on your credit card. The interest is…

A: Answer  Effective Rate = (1 + Nominal Rate / n)n - 1 effective annual rate = 8.974% Number of…

Q: If you borrow $5000 for five years and seven months at 9% compounded quarterly. How much is owed on…

A: Formula = Principal * [ 1 + Interest rate / 4 ]Number of quarters

Q: How much must be deposited at the beginning of each month in an account that pays 6% compounded…

A: Monthly rate = 6%/12 = 0.5% Number of periods = 7*12 = 84 Future value required is $31,000 Find…

Q: What is the monthly payment to repay a 10 year loan of $200,000 at a nominal rate of 15% per year if…

A: For this solution we need to consider the quarterly interest rate and quarter period and calculate…

Q: What is the PV of a 6-year, $149 annuity due if the annual interest rate is 5% ?

A: The objective of this question is to calculate the present value of an annuity due. An annuity due…

Q: If you borrow $1000.00 on May 1, 2019, at 10% compounded semi dash annually, and interest on the…

A: The objective of the question is to find out the due date of the loan. The loan amount is $1000.00,…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.