1.
=NPER(11.8%/2,-3600,17000)=5.70 or 5 regular
2.
=NPER(11.8%/2,-4300,17000)=4.63 or 4 regular
3.
=NPER(11.8%/2,-2200,17000)=10.62 or 10 regular
(1 point) Determine the number of regular semi annual payments for a $17000 loan if the...
Determine the number of regular semi annual payments for a
$10000 loan if the interest rate is
and the payments are:
a)Semi annual payments of $3200:
b)Semi annual payments of $4000:
c)Semi annual payments of $2900:
/2= 11.9%
Mike wants to save $47000 through semi annual payments over the next 6 years. If the interest rate is j2 = 7.1%, complete the first three lines of the sinking fund schedule. NOTE: Round the deposit appropriately and use this value in further calculations. Schedule: Schedule: Deposit number Interest Deposit Increase Amount 0 1 2
(4 points) Consider a 2-year mortgage loan that is paid back semi-annually. The semi-annually compounded mortgage rate is 5%. The principal is $1000. a) (1 point) Calculate the semi-annual coupon. b) (3 points) How much of the coupon is interest payment and how much is principal repayment in 0.5 year, in 1 year, in 1.5 years, and in 2 years? Also calculate the (post- coupon) notional value of the outstanding principle for these four dates.
(4 points) Consider a 2-year...
A loan of 16,000 is repaid by 8 annual payments starting 1 year after the loan is made. The amount of the first 2 payments is X and the amount of the last 6 payments is 2X. The effective annual interest rate is 6%. Find: a. X. b. OB7 providing formulas for both the retrospective and prospective calculation approaches.
A series of 16 equal semi-annual payments of $ 2,000 each are made for 8 years. What would be the future value of this series of payments, immediately after the last semi-annual payment of $ 2,000 ? The annual interest rate is 8 % compounded continuously.
A loan of $25, 000 is paid off in semi-annual payments over a four year period. Interest is 6.2% compounded quarterly. What is the size of the payment made at the end of every six months ? (Please use the financial calculator method (BAII) by showing inputs in the financial calculator)
A loan of $2000 is being repaid by equal monthly payments for an unspecified length of time. Interest on the loan is j2 = 15%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) a) If the amount of principal in the 4th payment is $40, what amount of the 18th payment will be principal? b) Determine the regular monthly payment.
10.0 Points Question 3 of 10 A ten-year $10,000 face value bond with semi-annual coupon payments has an 8% annual coupon rate and a 9% annual YTM. It is selling for 93.45% of par. What are the semi-annual interest payments? A $40 B. 5400 C. 5450 D. 5800 Answer Key B
Question 19 (1 point) A loan of $47,000 calls for payments of $2,700 at the end of every three months until the debt is settled. At an interest rate of 14% compounded semi-annually, how many payments will be made? O24 O40 0 0 27 0 O 14 0
(1 point) Violet has a loan that requires her to make 24 semiannual payments of $1220. If the rate of interest on her loan is 9.8% compounded semi-annually, how much principal is paid off with her 22nd payment? Answer: $