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Only interested in the answer pertaining to pen and paper.
an anhual annuhy pays100 at the...
can somebody help me with 37,38 and (most needed) 40 please??? 200 The theory of interest...
can somebody help me with 37,38 and (most needed) 40
please???
200 The theory of interest 36. A loan is being repaid with 10 payments. The first payment is 10, the second 9, d so forth with the tenth payment being 1. Show that the amount of interest in te sixth payment is 5- ag- 37. A loan is repaid with payments which start at $200 the first year and increase by $0 per year until a payment of $1000...
please explain the ubderlined step and include the formula used to get there 3. A perpetuity-immediate...
please explain the ubderlined step and include the formula
used to get there
3. A perpetuity-immediate pays 100 per year. Immediately after the fifth payment, the perpetuity is exchanged for a 25-year annuity-immediate that will pay X at the end of the first year. Each subsequent annual payment will be 8% greater than the preceding payment. The annual effective rate of interest is 8%. Calculate X. (A) 54 (B) 64 (C) 74 (D) 84 (E) 94 PV = 100 w...
all of three please LOANS: Written Answer Questions (3) Due 7/2 1 Sylvia is repaying a...
all
of three please
LOANS: Written Answer Questions (3) Due 7/2 1 Sylvia is repaying a loan of X by making 17 annual payments of 100. Each payment consists of interest on the loan at 5% effective and an amount that is deposited in a sinking fund earning 4% effective. At the end of 17 years, the amount in the sinking fund is equal to the original loan amount accumulated with interest at the sinking fund rate. Determine X. 2....
2. You are interested in purchasing a Honda Acura. The salesperson indicated that the price of...
2. You are interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,000 cash or $6,500 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that you will pay if you choose to make the five annual payments. (Round answer to 0 decimal places, e.g. 79%) Interest Rate Answe 3. Mickey Michen will invest $6,420 a year for 24 years in a fund that will...
Real Estate Finance answer all please . John Corbitt takes a fully amortizing mortgage for $80,000 at 10 pe...
Real Estate Finance
answer all please
. John Corbitt takes a fully amortizing mortgage for $80,000 at 10 percent interest for 30 years, monthly payments. What will be his monthly payment? 2. Dave Burns wants to buy a house. To do so, he must incur a mortgage. A local lender has determined that Dave can afford a monthly payment of $600, principal and interest. If the current interest rate on 30-yearm fixed-rate mortgage is 9.50 percent, what is the maximum...
Please answer all parts A-D On January 1, 2018, Eastside Credit Union (ECU) issued 5%, 20-year...
Please answer all parts A-D
On January 1, 2018, Eastside Credit Union (ECU) issued 5%, 20-year bonds payable with face value of $200,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 101. Journalize the following bond transactions: A (Click the icon to view the bond transactions.) (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry....
1) You wish to borrow $150,000 from a lending institution for the purchase of a house....
1) You wish to borrow $150,000 from a lending institution for the purchase of a house. The bank will lend this amount at an Annual Percentage Rate of 4.5% to be paid-off with equal monthly mortgage payments over a 30-year period. This is a 4.5% APR, 30-year fixed-rate mortgage loan. You wish to know how this loan will affect your federal income tax burden, as only the interest paid on a home mortgage, not the principal, is tax deductible. Construct...
only need the second part B SECTION 5-18 Amortization 1. Suppose you borrowed $30,000 on a...
only need the second part
B SECTION 5-18 Amortization 1. Suppose you borrowed $30,000 on a student loan at a rate of 8% and must repay it in 3 equal installments at the end of each of the next 3 years. How large would your payments be, how much of the first payment would represent interest, how much would be principal, and what would your ending balance be after the first year? 8% $30,000 $0 FV PMT $8,386.69 3 Loan...
Please provide step by step solutions to these problems and not just the answer. Only up...
Please provide step by step solutions to these problems and not
just the answer.
Only up to #23 is needed.
Math 342 16. Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded 17. Find the present value of $41413 due in 5 years at an interest rate of 4.5%/year compounded 18. Find the payment R needed to amortize a loan of $22,000 at 3.5%/year compounded monthly 19. The manager of a money market fund has...
Please answer all of these questions. i posted them previously and i didnt get a completed...
Please answer all of these questions. i posted them previously and
i didnt get a completed answer and also got them wrong. can you
please help me i only have one chance to get them right. thank you!
How many years will it take Rexchem, Inc., to accumulate $800,000 for a chemical feeder, if the company deposits $50,000 each year, starting one year from now, into an account that earns interest at 15% per year? (Round up your answer to...
can somebody help me with 37,38 and (most needed) 40
please???
200 The theory of interest 36. A loan is being repaid with 10 payments. The first payment is 10, the second 9, d so forth with the tenth payment being 1. Show that the amount of interest in te sixth payment is 5- ag- 37. A loan is repaid with payments which start at $200 the first year and increase by $0 per year until a payment of $1000...
please explain the ubderlined step and include the formula
used to get there
3. A perpetuity-immediate pays 100 per year. Immediately after the fifth payment, the perpetuity is exchanged for a 25-year annuity-immediate that will pay X at the end of the first year. Each subsequent annual payment will be 8% greater than the preceding payment. The annual effective rate of interest is 8%. Calculate X. (A) 54 (B) 64 (C) 74 (D) 84 (E) 94 PV = 100 w...
all
of three please
LOANS: Written Answer Questions (3) Due 7/2 1 Sylvia is repaying a loan of X by making 17 annual payments of 100. Each payment consists of interest on the loan at 5% effective and an amount that is deposited in a sinking fund earning 4% effective. At the end of 17 years, the amount in the sinking fund is equal to the original loan amount accumulated with interest at the sinking fund rate. Determine X. 2....
2. You are interested in purchasing a Honda Acura. The salesperson indicated that the price of the car was either $26,000 cash or $6,500 at the end of each of 5 years. Compute the effective-interest rate to the nearest percent that you will pay if you choose to make the five annual payments. (Round answer to 0 decimal places, e.g. 79%) Interest Rate Answe 3. Mickey Michen will invest $6,420 a year for 24 years in a fund that will...
Real Estate Finance
answer all please
. John Corbitt takes a fully amortizing mortgage for $80,000 at 10 percent interest for 30 years, monthly payments. What will be his monthly payment? 2. Dave Burns wants to buy a house. To do so, he must incur a mortgage. A local lender has determined that Dave can afford a monthly payment of $600, principal and interest. If the current interest rate on 30-yearm fixed-rate mortgage is 9.50 percent, what is the maximum...
Please answer all parts A-D
On January 1, 2018, Eastside Credit Union (ECU) issued 5%, 20-year bonds payable with face value of $200,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 101. Journalize the following bond transactions: A (Click the icon to view the bond transactions.) (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry....
1) You wish to borrow $150,000 from a lending institution for the purchase of a house. The bank will lend this amount at an Annual Percentage Rate of 4.5% to be paid-off with equal monthly mortgage payments over a 30-year period. This is a 4.5% APR, 30-year fixed-rate mortgage loan. You wish to know how this loan will affect your federal income tax burden, as only the interest paid on a home mortgage, not the principal, is tax deductible. Construct...
only need the second part
B SECTION 5-18 Amortization 1. Suppose you borrowed $30,000 on a student loan at a rate of 8% and must repay it in 3 equal installments at the end of each of the next 3 years. How large would your payments be, how much of the first payment would represent interest, how much would be principal, and what would your ending balance be after the first year? 8% $30,000 $0 FV PMT $8,386.69 3 Loan...
Please provide step by step solutions to these problems and not
just the answer.
Only up to #23 is needed.
Math 342 16. Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded 17. Find the present value of $41413 due in 5 years at an interest rate of 4.5%/year compounded 18. Find the payment R needed to amortize a loan of $22,000 at 3.5%/year compounded monthly 19. The manager of a money market fund has...
Please answer all of these questions. i posted them previously and
i didnt get a completed answer and also got them wrong. can you
please help me i only have one chance to get them right. thank you!
How many years will it take Rexchem, Inc., to accumulate $800,000 for a chemical feeder, if the company deposits $50,000 each year, starting one year from now, into an account that earns interest at 15% per year? (Round up your answer to...
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