Chapter 14, Problem 14.5BE

To determine

The missing information.

Given information

For case1:

Rate of interest is 4%.

Number of periodic payment is 4.

Maturity period is 10 years.

Total periodic payment is $10,354.90

For case2:

Borrowed amount is $675,000.

Number of periodic payment is 2.

Maturity period is 10 years.

Rate of interest is 4%.

For case3:

Borrowed amount is $456,000.

Number of periodic payment is 1.

Rate of interest is 6%.

Total periodic payment is $81,685.57.

For case4:

Borrowed amount is $750,000.

Number of periodic payment is 4.

Maturity period is 4 years.

Rate of interest is 12%.