Homework Answers
Ans 15.24%
| P = | Regular Payments |
| PV = | Loan Amount |
| r = | rate of interest |
| n = | no of periods |
| P = | r (PV) |
| 1 - (1 + r )-n | |
| 600 = | r% * 2000 |
| 1 - (1 / (1 + r%)^5)) | |
| r = | 15.24% |
Add Answer to:
Question 3: Jan Jacobs can borrow $2,000 to be repaid in equal annual end-of-year amounts of...
A 10-year loan in the amount of $238,000 is to be repaid in equal annual payments....
A 10-year loan in the amount of $238,000 is to be repaid in equal annual payments. The interest rate is 7 percent, compounded annually. What is the amount of interest that is included in the loan payment for Year 3? PLEASE HELP WITH EXCEL FUNCTION
A loan is repaid with equal annual payments of $350 at the end of each year...
A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR=5% for the first five years and 8% thereafter. What must have been the amount of this loan?
Suppose you borrow $600 of principal that must be repaid at the end of two years,...
Suppose you borrow $600 of principal that must be repaid at the end of two years, alond with interest of 4 percent a year. If the annual inflation rate turns out to be 8 percent, (a) What is the real rate of interest on the loan? Instructions: Enter your response rounded to the nearest whole number. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers percent (b) What is...
8. Prepare the loan amortization schedule ($15) You borrow $1,000, and the loan is to be repaid in three equal paym...
8. Prepare the loan amortization schedule ($15) You borrow $1,000, and the loan is to be repaid in three equal payments at the end of each of the next three years. The lender charges a 6 percent interest rate on the loan balance that is outstanding at the beginning of each year. 1) Calculate the payment the firm must repay each year. 2) Prepare the loan amortization schedule (fill all the numbers in each cell). Repayment of Remaining Principal Beginning...
8. Prepare the loan amortization schedule ($15) You borrow $1,000, and the loan is to be repaid in three equal paym...
8. Prepare the loan amortization schedule ($15) You borrow $1,000, and the loan is to be repaid in three equal payments at the end of each of the next three years. The lender charges a 6 percent interest rate on the loan balance that is outstanding at the beginning of each year. 1) Calculate the payment the firm must repay each year. 2) Prepare the loan amortization schedule (fill all the numbers in each cell). Beginning Amount Repayment of Principal...
The Don'tYouLoveFinance? Company borrows $500,000 today to be repaid in equal end-of-year payments over 10 years....
The Don'tYouLoveFinance? Company borrows $500,000 today to be repaid in equal end-of-year payments over 10 years. The loan has an interest rate of 5%/year. a) (6 points) What is the equal payment at the end of each of the 10 years? SHOW ALL WORK using the time value of money buttons on the TI BAII Plus Calculator for full credit. b) (3 points) Using the AMORT function on the calculator, what is the loan balance at the end of year...
Consdera $35.000 loan to be repaid in equal installments at the end of each of the...
Consdera $35.000 loan to be repaid in equal installments at the end of each of the next years. The rest is a Set up an amortization schedule for the loan. Do not round intermediate calculations, Round your answers to the nearest cent. If netry is required, enter Repayment Interest Regayment of Principal Balance Total . How large must each annual payment be if the loan is for $70,0007 Assume that the interest rate remains round intermediate calculations. Round your answer...
P5-49 (similar to) :3 Question Help Loan interest deductions Liz Rogers just closed a $5,000 business...
P5-49 (similar to) :3 Question Help Loan interest deductions Liz Rogers just closed a $5,000 business loan that is to be repaid in three equal, annual, end-of-year payments. The interest rate on the loan is 6%. As part of her firm's detailed financial planning, Liz wishes to determine the annual interest deduction attributable to the loan. (Because it is a business loan, the interest portion of each loan payment is tax-deductible to the business.) a. Determine the firm's annual loan...
Amortization schedules a. Set up an amortization schedule for a $250,000 mortgage to be repaid in...
Amortization schedules a. Set up an amortization schedule for a $250,000 mortgage to be repaid in equal monthly installments at the end of each month for the next 15 years. The mortgage rate is an APR of 4.5%. b. How large must each monthly payment be if the loan is for $500,000? Assume that the interest rate remains at 4.5% and that the loan is paid off over 15 years. c. How large must each monthly payment be if the...
Consider a 4-year amortizing loan. You borrow $2,700 initially and repay it in four equal annual...
Consider a 4-year amortizing loan. You borrow $2,700 initially and repay it in four equal annual year-end payments. a. If the interest rate is 10%, what is the annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment b. Prepare an amortization schedule. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank-be certain to enter "O" wherever required.) Year-End Interest DueTotal Year-End Amortization on Loan Balance ($)...
A loan is repaid with equal annual payments of $350 at the end of each year for 10 years. AEIR=5% for the first five years and 8% thereafter. What must have been the amount of this loan?
Suppose you borrow $600 of principal that must be repaid at the end of two years, alond with interest of 4 percent a year. If the annual inflation rate turns out to be 8 percent, (a) What is the real rate of interest on the loan? Instructions: Enter your response rounded to the nearest whole number. If you are entering any negative numbers be sure to include a negative sign () in front of those numbers percent (b) What is...
8. Prepare the loan amortization schedule ($15) You borrow $1,000, and the loan is to be repaid in three equal payments at the end of each of the next three years. The lender charges a 6 percent interest rate on the loan balance that is outstanding at the beginning of each year. 1) Calculate the payment the firm must repay each year. 2) Prepare the loan amortization schedule (fill all the numbers in each cell). Repayment of Remaining Principal Beginning...
8. Prepare the loan amortization schedule ($15) You borrow $1,000, and the loan is to be repaid in three equal payments at the end of each of the next three years. The lender charges a 6 percent interest rate on the loan balance that is outstanding at the beginning of each year. 1) Calculate the payment the firm must repay each year. 2) Prepare the loan amortization schedule (fill all the numbers in each cell). Beginning Amount Repayment of Principal...
Consdera $35.000 loan to be repaid in equal installments at the end of each of the next years. The rest is a Set up an amortization schedule for the loan. Do not round intermediate calculations, Round your answers to the nearest cent. If netry is required, enter Repayment Interest Regayment of Principal Balance Total . How large must each annual payment be if the loan is for $70,0007 Assume that the interest rate remains round intermediate calculations. Round your answer...
P5-49 (similar to) :3 Question Help Loan interest deductions Liz Rogers just closed a $5,000 business loan that is to be repaid in three equal, annual, end-of-year payments. The interest rate on the loan is 6%. As part of her firm's detailed financial planning, Liz wishes to determine the annual interest deduction attributable to the loan. (Because it is a business loan, the interest portion of each loan payment is tax-deductible to the business.) a. Determine the firm's annual loan...
Consider a 4-year amortizing loan. You borrow $2,700 initially and repay it in four equal annual year-end payments. a. If the interest rate is 10%, what is the annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment b. Prepare an amortization schedule. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank-be certain to enter "O" wherever required.) Year-End Interest DueTotal Year-End Amortization on Loan Balance ($)...
Most questions answered within 3 hours.
-
find H(e^Jtheta) at theta= 0, pi/10, pi/20, pi/2 for
the following:
a) H(e^Jtheta)= 1+e^Jtheta
b) H(e^Jtheta)=...
asked 9 minutes ago -
Home Corporation will open a new store on January 1. Based on
experience from its other...
asked 26 minutes ago -
In a neoclassical model, use the IS-LM to analyze the effect of
a permanent money supply...
asked 1 hour ago -
An electron passes through a point 2.67 cm from a long straight
wire as it moves...
asked 1 hour ago -
A grammar is a 4-tuple G, G = (Ν, Σ, Π, Σ, S) where, Ν is...
asked 2 hours ago -
In this part, calculate the present values. Use the Excel PV
function to compute the present...
asked 2 hours ago -
Part 1. Primitive Types, Sorting, Recursion for
Homework.java
a) Implement the static method initializeArray that receives...
asked 3 hours ago -
Using C++, build a sorter that can rank a sequence of numbers in
a descending order....
asked 3 hours ago -
Derive ground state term symbols. Use notation 2S(1/2) for state
2S1/2
a) d5
b) f3
c)...
asked 3 hours ago -
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 4 hours ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 4 hours ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 4 hours ago