what size payments should occur when 8000 is borrowed at 8% per year compounded quarterly and the loan is repaid with 24 equal monthly payments?

Q: What is the lender's yield on a $225,000 loan at 11 percent with monthly payments over 25 years if 4…

A: The term "lender's yield" typically refers to the effective interest rate that the lender receives…

Q: Two payments of $5,000 are to be received four and eight months from now. a. What is the combined…

A: Present value is the equivalent today of the future payments that are going to be received in the…

Q: What size monthly payments should occur when $10.000 is borrowed at 6% per year compounded monthly…

A: When the interest on interest is charged on monthly basis, it is known as monthly compounding. It…

Q: If a loan is made at 9.24% compounded quarterly, what loan today could be paid off by making 45…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: If 5000 TL installments are deposited at the end of each year with 3% interest rate in order to save…

A: The number of installments can be calculated with the help of NPER function of Excel

Q: what is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in…

A: The act in which one person or entity provides funds to another person for defined term and agreed…

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 will Kingston Technologies have to pay each year in 11 equal payments, starting 2 years…

A: Number of Payment = n = 11Time = t = 2 Present Value = pv = $900,000Interest Rate = r = 15%

Q: If the effective annual interest rate is 15% then what is the equivalent annual rate compounded…

A: Effective annual rate (EAR) = 15% Number of compounding per year (m) = 4

Q: What is the monthly payment on a 30 year amortized loan with a fixed interest rate of 3.75% per year…

A: An amortized loan is a type of loan that is repaid in regular installments over a specified period…

Q: How much will Kingston Technologies have to pay each year in 11 equal payments, starting 2 years…

A: An annuity is a financial product that provides a regular income stream to an individual for a…

Q: what is the monthly payment for a loan of 140,000 30 year fixed rate of Apr of 7.5% what is the…

A: Using excel PMT function

Q: How many more payments would be required to be able to accumulate at least $54,000 by saving $1,650…

A: The objective of the question is to find out the difference in the number of payments required to…

Q: What is the monthly loan payment on a 30 year, $250,000 loan at 5.25%, plus two points

A: Monthly payments refer to the specified amount that a borrower is required to repay a loan each…

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…