You just borrowed $109,276. You plan to repay this loan by making X regular annual payments of $13,410 and a special payment of $28,400 in 10 years. The interest rate on the loan is 13.84 percent per year and your first regular payment will be made today. What is X? Input instructions: Round your answer to at least 2 decimal places.
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- You just obtained a loan of $12,157 with monthly payments for four years at 5.77 percent interest, compounded monthly. What is the amount of each payment? Instruction: Enter your response rounded to two decimal places. 1 hSuppose that you deposited $5,999 at the end of each year in a Roth IRA account earning an annual rate of 5.01% for the next 15 years. How much would be on deposit at the end of the 15th year? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. PaymentYou will deposit $250 per year for 3 years into an account that earns 6%. The first deposit is made today. How much will be in the account 4 years from today. ( please answer with at least 3 digits to the right of the decimal point)
- Assume time is measured in years and today is time 0. A payment stream is due to start in 7 years' time from today. 12 annual payments in advance, each of amount 99, will be made. Thus the first payment is made at time 7. Assuming the effective rate of interest is 4% per annum, calculate the value at time 0 of the payment stream. Give your answer to 2 decimal places.Step 1:Suppose that your Stafford loans plus accumulated interest total $31,811 at the time that you start repayment and the interest rate is 6.8% APR.If you elect the standard repayment plan of a fixed amount each month for 10 years, what is your monthly payment?(Fill in the blank below and round your answer to 2 decimal places.)Your monthly payment would be $______. STEP 2: How much will you pay in interest?(Fill in the blank below and round your answer to the nearest whole number.)You would pay a total of $______ in interest. STEP 3: However, because your accumulated outstanding federal loans total more than $30,000, you can elect to repay over 25 years instead.Fill in the blanks (Give your answers to two decimal places):If you do that:Your monthly payment would be $______.You will pay $______ in interest.Answer 1:Answer 2:You are considering taking out a loan of $10,000.00 that will be paid back over 6 years with monthly payments of $158.74. If the interest rate is 4.5% compounded monthly, what would the unpaid balance be immediately after the sixth payment? What is the equity after the sixth payment? The unpaid balance would be $. (Round to 2 decimal places.) The equity would be $. (Round to 2 decimal places.) Tvm formula
- Suppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the rate of interest? Input your answer in decimals, not percentages. Round your answer to four decimals places.Use the table to find the monthly payments on the given loan. Amount Rate Time $63,000 12% 3 years table of monthly payments on a $1,000 loan. The monthly payments for this loan are? (Type an integer or a decimal.)How much money (to the nearest dollar) will you need to deposit in an account now in order to have $35,000 in the account after 5 years if the account earns 1.2% interest compounded weekly? Summarize the information provided, stating the interest rate in a decimal form. PN = r = N = k = Solve the problem and give your answer here:
- A6)Prescott Bank offers you a five-year loan for $69,000 at an annual interest rate of 8.5 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual loan payment < Prev 14 of 23 Next GH BN MFind the monthly payment for the loan indicated. (Round your final answer to two decimal places.) Amount of loan = $10,500 at an annual interest rate of 5.7% for 6 years.