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Ans. Using the Loan Repayment Calculator , we can easily get the monthly payment , which is $112.83
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4 3. You borrowed $4,000.00 at 1% per...
You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over...
You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over the next 3 years. What is your monthly payment? 3. You borrowed $10,000.00 which is to be repaid in equal quarterly payments of $1,336.00 over the next 2 years 4. a) Determine the interest rate per interest period based on quarterly compounding. b) What are the nominal and effective interest rates?
4. You borrowed $5,000.00 at 1.5% per month and agreed to repay in equal monthly payments...
4. You borrowed $5,000.00 at 1.5% per month and agreed to repay in equal monthly payments over the next 5 years. What is your monthly payment? 3 5. You borrowed $12,000.00, which is to be re-paid in equal quarterly payments of $1,084.00 over the next 3 years. a) Determine the interest rate per interest period based on quarterly compounding. 3 b) What are the nominal and effective interest rates?
Can you solve this for me please? 5. You bou ght a used car for $4,000.00...
Can you solve this for me please?
5. You bou ght a used car for $4,000.00 at a nominal interest rate of 6%. You agreed to pay for the car in 12 equal monthly payments, beginning with the first payment at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with the company to pay back the rest of the loan with one single...
Solve the cash flow equivalence below for the unknown value of Q assuming an 7% annual...
Solve the cash flow equivalence below for the unknown value of Q assuming an 7% annual interest rate. 1. 800 4i Q 70 o0 i23 2 2, You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment...
Can you solve a and b please? bought a used car for $4,000.00 at a nominal...
Can
you solve a and b please?
bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with 5. You to pay for the car i 12 equamh ayments,beginning with the first payment r in 12 equal monthly payments the company to pay back the rest of the loan...
Can you solve this for me please? You borrowed $10,000.00 which is to be repaid in...
Can you solve this for me please?
You borrowed $10,000.00 which is to be repaid in equal quarterly payments of $1,336.00 over the next 2 years. 4. a) Determine the interest rate per interest period based on quarterly compounding b) What are the nominal and effective interest rates?
Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. 1. Wha...
Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. 1. What initial principal will this repay? (b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year. 1. What initial principal will this repay? (c) Assume monthly car payments of $500 per month for 4 years...
Can you solve this for me please? 2. You borrowed $6,000.00 for 5 years at 7%...
Can you solve this for me please?
2. You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment is interest, and how much principal is there in each annual payment.
should be explain it on excel Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (10 pts) (a) Assume monthly car payments of $500 per month for 4 years and...
should be explain it on excel
Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (10 pts) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. 1. What initial principal will this repay? (b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year. 1. What initial principal will this repay? (c) Assume monthly car...
5. You bought a used car for $4,000.00 at a nominal interest rate of 6%. You...
5. You bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed to pay for the car in 12 equal monthly payments, beginning with the first payment at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with the company to pay back the rest of the loan with one single payment at the time when the sixth payment...
You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over the next 3 years. What is your monthly payment? 3. You borrowed $10,000.00 which is to be repaid in equal quarterly payments of $1,336.00 over the next 2 years 4. a) Determine the interest rate per interest period based on quarterly compounding. b) What are the nominal and effective interest rates?
4. You borrowed $5,000.00 at 1.5% per month and agreed to repay in equal monthly payments over the next 5 years. What is your monthly payment? 3 5. You borrowed $12,000.00, which is to be re-paid in equal quarterly payments of $1,084.00 over the next 3 years. a) Determine the interest rate per interest period based on quarterly compounding. 3 b) What are the nominal and effective interest rates?
Can you solve this for me please?
5. You bou ght a used car for $4,000.00 at a nominal interest rate of 6%. You agreed to pay for the car in 12 equal monthly payments, beginning with the first payment at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with the company to pay back the rest of the loan with one single...
Solve the cash flow equivalence below for the unknown value of Q assuming an 7% annual interest rate. 1. 800 4i Q 70 o0 i23 2 2, You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment...
Can
you solve a and b please?
bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with 5. You to pay for the car i 12 equamh ayments,beginning with the first payment r in 12 equal monthly payments the company to pay back the rest of the loan...
Can you solve this for me please?
You borrowed $10,000.00 which is to be repaid in equal quarterly payments of $1,336.00 over the next 2 years. 4. a) Determine the interest rate per interest period based on quarterly compounding b) What are the nominal and effective interest rates?
Can you solve this for me please?
2. You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment is interest, and how much principal is there in each annual payment.
should be explain it on excel
Solve all of the following problems with Excel. Please use formulas in excel to solve. (2) (10 pts) (a) Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. 1. What initial principal will this repay? (b) Assume annual car payments of $6000 for 4 years and an interest rate of 9% per year. 1. What initial principal will this repay? (c) Assume monthly car...
5. You bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed to pay for the car in 12 equal monthly payments, beginning with the first payment at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with the company to pay back the rest of the loan with one single payment at the time when the sixth payment...
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