Homework Answers
rate positively ..
| We have to use financial calculator to solve this | ||
| put in calculator - | ||
| FV | 0 | |
| PV | -321854 | |
| I | 16.21% | |
| N | 6 | |
| compute PMT | $87,834.34 | |
| Therefore answer = | $87,834.34 |
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Big Brothers, Inc. borrows $321,854 from the bank at 16.21 percent per year, compounded annually, to...
Brian borrows $5,000 from a bank at 8 percent annually compounded interest to be repaid in five annual installments. Cal...
Brian borrows $5,000 from a bank at 8 percent annually compounded interest to be repaid in five annual installments. Calculate the principal paid in the third year. a. Calculate the annual, end-of-year loan payment. b. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments. Amortization Schedule End-of-year Beginning-of-year principle Loan Payment Loan Payment End-of-year balance Interest Paid Principal Paid 1 5,000 2 3 c. Explain why the interest portion of each...
Need to know how to solve these. 27. Adam borrows $4,500 a installments. The actual end-of-year...
Need to know how to solve these.
27. Adam borrows $4,500 a installments. The actual end-of-year payment is t 12 percent annually compounded interest to be repaid in four equal annual . A. $1,482 B. $2,641 C. $1,125 D. $ 942 30. What is the rate of return on an investment of S16,278 if year for the next 10 years? A. 3 percent B. 8 percent C. 18 percent the company expects to receive $3,000 per D. 13 percent 34....
o If your uncle borrows $60,000 from the bank at 10 percent interest over the eight-year...
o If your uncle borrows $60,000 from the bank at 10 percent interest over the eight-year life of the loan. Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods .. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest? (Do not round Intermediate calculations, Round your final answer to 2 decimal places.) Annual payments lo 1o 19 " b....
If your uncle borrows $55,000 from the bank at 9 percent interest over the seven-year life of the loan
If your uncle borrows $55,000 from the bank at 9 percent interest over the seven-year life of the loan. Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) How much of his first payment will be applied to interest? To principal? (Do not...
A loan charging 6% interest compounded semi-annually, was repaid in three installments in 1 year: one...
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An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h...
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h Calculate the repavment amounts if the loan ($15 000) will be repaid in two equal installments of $7.500 each, paid at the end of second and fourth years respectively. Interest will be paid each year Click the icon to view the interest and annuity table for discrete compounding when i- 12%% per year . a. The equal end-of-year payments required to pay off the...
how to solve this problem in details (20 points) You applied at Byblos Bank for a...
how to solve this problem in details
(20 points) You applied at Byblos Bank for a loan of $400,000 to buy a new home. The loan committee at the bank approved your request and decided to charge you an annual interest rate of 12 percent compounded monthly. The loan will be repaid in monthly installments for 30 years. Determine the value of each monthly payment. b. Determine the beginning balance, interest charges, fraction of the principal paid, and ending balance...
Bob Pearson borrowed $20000 from a bank at an interest rate of 11% compounded monthly. The...
Bob Pearson borrowed $20000 from a bank at an interest rate of 11% compounded monthly. The loan will be repaid in 72 equal monthly installments over 6 years. What is his monthly payment amount? Immediately after his 20th payment, Bob desires to pay off the remainder of the loan in a single payment. What is this remaining balance? Monthly Payment =$ Single payment for remaining Balance after 20th payment = $
Name: SID: nment 5 Barbara borrowed $12 000.00 from the bank at 9% compounded monthly. The...
Name: SID: nment 5 Barbara borrowed $12 000.00 from the bank at 9% compounded monthly. The loan is amortized with end-of-month payments over five years. a) Calculate the interest included in the 20th payment. b) Calculate the principal repaid in the 36th payment. c) Construct a partial amortization schedule showing the details of the first two payments, the 20th payment, the 36th payment, and the last two payments. d) Calculate the totals of amount paid, interest paid, and the principal...
asap 16) Nico Corp issued bonds bearing a coupon rate of 12 percent, pay coupons annually, have 3 years remaining to...
asap
16) Nico Corp issued bonds bearing a coupon rate of 12 percent, pay coupons annually, have 3 years remaining to maturity, and are currently priced at $940 per bond. What is the yield to maturity A) 12.00% B) 13.99% C) 14.54% D) 14.61% 17) What is the current price of a $1,000 par value bond maturing in 9 years with a coupon rate of percent, paid annually, that has a YTM of 9 percent? A) $700 B) $945 C)...
Need to know how to solve these.
27. Adam borrows $4,500 a installments. The actual end-of-year payment is t 12 percent annually compounded interest to be repaid in four equal annual . A. $1,482 B. $2,641 C. $1,125 D. $ 942 30. What is the rate of return on an investment of S16,278 if year for the next 10 years? A. 3 percent B. 8 percent C. 18 percent the company expects to receive $3,000 per D. 13 percent 34....
o If your uncle borrows $60,000 from the bank at 10 percent interest over the eight-year life of the loan. Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods .. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest? (Do not round Intermediate calculations, Round your final answer to 2 decimal places.) Annual payments lo 1o 19 " b....
An amount of $15,000 is borrowed from the bank at an annual interest rate 12% h Calculate the repavment amounts if the loan ($15 000) will be repaid in two equal installments of $7.500 each, paid at the end of second and fourth years respectively. Interest will be paid each year Click the icon to view the interest and annuity table for discrete compounding when i- 12%% per year . a. The equal end-of-year payments required to pay off the...
how to solve this problem in details
(20 points) You applied at Byblos Bank for a loan of $400,000 to buy a new home. The loan committee at the bank approved your request and decided to charge you an annual interest rate of 12 percent compounded monthly. The loan will be repaid in monthly installments for 30 years. Determine the value of each monthly payment. b. Determine the beginning balance, interest charges, fraction of the principal paid, and ending balance...
Bob Pearson borrowed $20000 from a bank at an interest rate of 11% compounded monthly. The loan will be repaid in 72 equal monthly installments over 6 years. What is his monthly payment amount? Immediately after his 20th payment, Bob desires to pay off the remainder of the loan in a single payment. What is this remaining balance? Monthly Payment =$ Single payment for remaining Balance after 20th payment = $
Name: SID: nment 5 Barbara borrowed $12 000.00 from the bank at 9% compounded monthly. The loan is amortized with end-of-month payments over five years. a) Calculate the interest included in the 20th payment. b) Calculate the principal repaid in the 36th payment. c) Construct a partial amortization schedule showing the details of the first two payments, the 20th payment, the 36th payment, and the last two payments. d) Calculate the totals of amount paid, interest paid, and the principal...
asap
16) Nico Corp issued bonds bearing a coupon rate of 12 percent, pay coupons annually, have 3 years remaining to maturity, and are currently priced at $940 per bond. What is the yield to maturity A) 12.00% B) 13.99% C) 14.54% D) 14.61% 17) What is the current price of a $1,000 par value bond maturing in 9 years with a coupon rate of percent, paid annually, that has a YTM of 9 percent? A) $700 B) $945 C)...
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