You have taken a loan of $92,000.00 for 37 years at 5.1% compounded quarterly. Fill in the tablebelow: (Round all answers to 2 decimal places.)Payment number Payment amount Principal Amount Interest0)1)2)3)$LAtALALABalance$92,000.00LA

Loans are paid by the periodic payments that carry the payment for interest and payment for loan but…

Answered: You have taken a loan of $92,000.00 for…

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

What monthly payment is required to pay off a $60,000 loan in seven years if the interest rate on the loan is 8.7% compounded: (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. Annually b. Seniannually c. Quarterly d. Monthly Required payment $ $ $ $
3f
Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 5 4 1 2 years $
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You have taken a loan of $92,000.00 for 37 years at 5.1% compounded quarterly. Fill in the t below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest (0) 1) 2) (3) +A LA Balance $92,000.00 $