A loan is to be repaid by $1250 in 1.5 years and $1750 in three years and three months . The borrower has asked to repay $1000 in two years and a final payment in four years. If money can earn 8% compounded semi annually, what is the size of the final payment? Select one: a. 2206 b. 1200 c. none of them d. 1372 e. 1468

Q: you borrow $2,700 at 8% simple interest per year for five years, how much will you have to repay at…

A: interest =p×r×t100where,r=rate of interestp=principal t=years

Q: What is the annual interest rate if a simple interest loan of $10,000 for 4 years charges a total of…

A: We need to use simple interest formula to solve this question Simple interest =Principal×Rate×Time

Q: A debt can be repaid by payments of $3125.00 today, $2770.00 in two and half years and $4600.00 in…

A: To Find: Single Payment to settle debt four years from now

Q: Assume you borrow $10,000 today and promise to repay the loan in two payments, one in year 2 and the…

A: Formula to calculate the future payments is P = F(P/F, i,n) Where F is the future accumulated…

Q: Prepare an amortization schedule for a three-year loan of $93,000. The interest rate is 8 percent…

A: Loan amount (PV) = $93000 Interest rate (r) = 8% Number of annual payments (n) = 3

Q: To start your business, you take a loan of $20,000 at 6.25 % compounded semi-annually. You want to…

A: Requirement : Question 1C Loan = 20,000 Interest rate = 6.25℅ compounded semi annually Annual loan…

Q: What is the annual interest rate if a simple interest loan of $10,000 for 4 years charges a total of…

A: When interest rate is simple interest: Interest = Principal*time*rate time and rate should be of…

Q: A $16000 loan is to repaid by monthly payments of $340, the first payment is due in one year's time.…

A: Repayment of loan is made in fixed instalments for during the loan period which include part of…

Q: If $120,000 is borrowed to AIB at 15% interest to be paid back over 20 years, how much of the…

A: Annual worth distributes present worth into equivalent uniform value over its useful life.

Q: A Php 2,000 loan was originally made at 8% simple interest for 4 years. At the end of this period…

A: Solution: Total interest for initial 4 years = P2,000 * 8%*4  = P640 Total amount at the end of 4…

Q: machine selling for $10000 may be purchase by paying a $1000 deposit and the balance in equal…

A: in this problem we have to calculate present value FACTOR and from that we can get monthly payments.

Q: A loan of $2,000 is paid by the following series of payments, beginning one year after the loan is…

A: Amortization table shows the break up of instalments for the interest charged on the outstanding…

Q: A house is being purchased for $138,000.00. The 30-year mortgage has a 10% down payment, an interest…

A: The cost of financing the house will include the total cost of interest for the period of loan is…

Q: You want to buy a house, and a local bank will lend you $100,000. The loan will be fully amortized…

A: EAR: EAR stands for Effective Annual Rate, and it is the interest rate. Compounding periods are…

Q: A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The…

A: To Find: Monthly payment Capital repaid and interest paid in first and lst month Loan repaid after…

Q: Prepare an amortization schedule for a three-year loan of $99,000. The interest rate is 10 percent…

A: Determine periodic payment.

Q: ₱50,000.00 loan is payable in 3 years. To repay the loan, the debtor must pay an amount of every 6…

A: Loan amount (PV) = P 50,000 Period = 3 Years Number of semi annual payments (n) = 3*2 = 6 Annual…

Q: A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The…

A: Calculation of monthly payment: Periodic payment = [P x R x (1+R)^N]/[(1+R)^N-1]Where,P= Loan…

Q: A borrower obtains a fully amortizing CPM loan for $125,000 at 6 percent interest for 10 years.…

A: Monthly Payment is the payment that is to be paid monthly for a specific period of time to repay the…

Q: 1. Mary made a loan of P58,000 to supply her new business. It is to be amortized by ten equal…

A: We need to use RATE function in excel to calculate interest rate. Formula is =RATE(NPER,-PMT,PV)

Q: If someone borrow $4000 with interest rate 4% and has to return the loan with equal payment in 4…

A: loan repayments are usually monthly EMIs or annual payments. It consists of interest and principal…

Q: onsider a $15,000 loan to be repaid in equal installments at the end of each of the next 5 years.…

A: As per the guidelines in case of multiple question we are supposed to answer only the first…

Q: a. Set up an amortization schedule for a $19,000 loan to be repaid in equal installments atthe end…

A: The above question deals with the amortization of loan by way of annuity payments and observing the…

Q: Loans of $1600.00, $8300.00, and $12,100.00 are due now, in four years, and in seven years…

A: Loan due now = $ 1600 Loan due in 4 years = $ 8300 Loan due in 7 years = $ 12,100 Annual interest…

Q: A loan of P40,000.00, with interest at 6% payable semiannually is to be amortized by equal payments…

A: Loan (X) = P 40000 r = 6% per annum = 3% semiannually n = 5 years = 10 payments Let periodic payment…

Q: A $45,000 loan at 8.7% compounded semiannually is to be repaid by semiannual payments of $3,300…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Excellent bank has offered you, a GHC 60,000 35year loan to purchase equipment in your Factory. The…

A: Interest is an amount which is charged on deposited or borrowed amount on loan period. It is a cost…

Q: P2,000 loan was originally made at 8% simple interest for 4 years. At the end of this period, the…

A: Under simple interest , interest is calculates on principal amount of loan. Formula of interest is…

Q: In what period of time could you pay back a loan of $2000 by making quartorly payments of $310 f…

A: Loan amount (L) = $2900 Quarterly payment (Q) = $310 Interest rate = 5.9% compounded monthly Let n =…

Q: SunBlush Technologies takes out a $16,000 loan that charges 5.25% interest compounded semi-annually…

A: Loan and its repayments: A loan taken out can be repaid in equal periodic instalments over the loan…

Q: An amount equal to $50,000 is borrowed at 7% annual compound interest.a. What size equal annual…

A: Given information: Amount borrowed is $50,000 Interest rate is 7% Number of payments is 5

Q: ABC bank loans $250,000 to Yossarian to purchase a new home. Yossarian will repay the note in equal…

A: Given the following information: Loan amount: $250,000 Number of years: 30 years Rate of interest:…

Q: 12.000$ loan is being repaid by installments of 700$ at the end of each mont for as long as…

A: Loan is a value which is borrowed from the other sources like banks and this amount is repaid later…

Q: A loan of $28,000.00, made 6 months ago, will be repaid by 3 equal payments – one today, one in 11…

A:

Q: Prepare an amortization schedule for a three-year loan of $57,000. The interest rate is 8 percent…

A:

Q: you have just borrowed $51,107 at an annual interest of 7.6% and must repay the loan in equal…

A: Given:

Q: If you borrow $2,400 and agree to repay the loan in four equal annual payments at an interest rate…

A: Given information: Borrowed amount $2,400 Interest rate is 10% Number of periods 4 equal annual…

Q: draw the cash flow tnx.

A: The present value is the total value of the future payment series you must have now. For example, if…

Q: You took out a $20,000 loan from the bank at an interest rate of 8% compounded annually with the…

A: as Loan repayment schedule starts from the 3rd year and ends at the 15th year, we will first find…

Q: Engr. Odon is paying a loan five thousand pesos 10% quarterly for 3 years. It the payment is to…

A: The question is based on the concept of present value and future value calculation.

Q: A demand loan of $8000.00 is repaid by payments of $4000.00 after two years, $4000.00 after four…

A: Information Provided: Demand loan = $8000 Payments after two years = $4000 Payments after four years…

Q: A loan of $8000 will be discharged by a cash payment of $3200 now; $1800 at the end of 4 years; $600…

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: a) For a loan of $55,000, with an annual interest rate of 5 % p.a. compounded monthly, and monthly…

A: Interest is an expense which is calculated on the principal amount.

Q: A loan is to be repaid by $1500 in one year and $2250 in four years. The borrower has asked to repay…

A: Outstanding loan amount is $1500 (due in 1 year) and $2250 (due in 4 years). Present value and…

Calculating the Return On A Loan