Bank offers 3-year credit an amount of 20.000 $. Credit instalment are fixed and paid at...
Bank offers 3-year credit an amount of 20.000 $. Credit instalment are fixed and paid at the end of 3-month period equals 2131,04 $. What is the interest rate over half of a year for that profit?
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Bank offers 3-year credit an amount of 20.000 $. Credit
instalment are fixed and paid at...
Bank offers 3-year credit in amount of 20,000 PLN. Credit installments are fixed and paid at...
Bank offers 3-year credit in amount of 20,000 PLN. Credit installments are fixed and paid at the end of 3-month period. Each installment consists of principal and interest and equals 2,131.04 PLN. What is the nominal rate over half a year for this credit?
A borrower arranged a 250,000,000 credit line with a bank. It drew down: 20% for the first quarter of the year An additi...
A borrower arranged a 250,000,000 credit line with a bank. It drew down: 20% for the first quarter of the year An additional 20% for the second quarter The remaining for the second half. Assume the interest rate was 3% for the first quarter, and 3.2% for the rest of the year. The unused credit line fee was 0.2%. Ignore day counts for this question; that is, just use ¼ for each three month period. What is the interest amount...
A borrower arranged a 250,000,000 credit line with a bank. It drew down: 20% for the first quarter of the year An addit...
A borrower arranged a 250,000,000 credit line with a bank. It drew down: 20% for the first quarter of the year An additional 20% for the second quarter The remaining for the second half. Assume the interest rate was 3% for the first quarter, and 3.2% for the rest of the year. The unused credit line fee was 0.2%. Ignore day counts for this question; that is, just use ¼ for each three month period. What is...
The following instalment payment schedule is for a long-term bank loan payable: Reduction of Interest Cash...
The following instalment payment schedule is for a long-term bank loan payable: Reduction of Interest Cash Payment Principal Interest Period Principal Balance Expense $79,000.00 Issue date $4,740.00 $18,754.32 $14,014.32 64,985.68 1 2 18,754.32 3,899.14 14,855.18 50,130.50 15,746.49 3 18,754.32 3,007.83 34,384.01 4 18,754.32 2,063.04 16,691.28 17,692.73 5 18,754.32 1,061.59 17,692.73 0.00 Is the above schedule a fixed principal plus interest or blended principal and interest payment schedule? LINK TO TEXT Assuming payments are made annually, what is the interest rate...
A borrower arranged a 250,000,000 credit line with a bank. It drew down: 20% for the first quarter of the ye...
A borrower arranged a 250,000,000 credit line with a bank. It drew down: 20% for the first quarter of the year An additional 20% for the second quarter The remaining for the second half. Assume the interest rate was 3% for the first quarter, and 3.2% for the rest of the year. The unused credit line fee was 0.2%. Ignore day counts for this question; that is, just use ¼ for each three month period. What is the interest amount and...
Jessica has taken a 3-year loan in amount of 500,000 USD paid in 18 fixed installments...
Jessica has taken a 3-year loan in amount of 500,000 USD paid in 18 fixed installments at the end of each interest period. Each installment amounts to each 33,351.05 USD. What is the nominal rate of this loan?
You need 400,000 to buy a flat. So, you go to the bank and ask for that amount. The bank offers an annual interest rate of 3%, and the loan has to be paid back in 20 years, in constant monthly...
You need 400,000 to buy a flat. So, you go to the bank and ask for that amount. The bank offers an annual interest rate of 3%, and the loan has to be paid back in 20 years, in constant monthly payments. Calculate how much you'll have to pay back to the bank every month (write the result with no decimal points) Answer: How much you should invest today in a financial product that offers a 5% interest rate (compounded...
To purchase a new truck, you borrow $30,000. The bank offers a 6-year loan at an...
To purchase a new truck, you borrow $30,000. The bank offers a 6-year loan at an interest rate of 3.25% compounded annually. If you make only one payment at the end of the loan period, repaying the principal and interest: a. What is the number of time periods (n) you should use in solving this problem? b. What rate of interest (i), per period of time, should be used in solving this problem? c. Is the present single amount of...
Brief Exercise 10-7 Assad Inc. issued a five-year, 6% instalment note payable, with fixed principal payments...
Brief Exercise 10-7 Assad Inc. issued a five-year, 6% instalment note payable, with fixed principal payments plus interest, due annually. The following instalment payment schedule is partially completed: Fill in the missing amounts. Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance $70,000 Issue date $18,200 56,000 17,360 3,360 2,520 15,680 1,680 14,000 14,840 840 LINK TO TEXT What are the current and non-current portions of the note at the end of period 3? Current portion $ Non-current...
rate of 5.25%, 1 Lender I offers you a fixed rate 15-year mortgage at an annual...
rate of 5.25%, 1 Lender I offers you a fixed rate 15-year mortgage at an annual interes compounded monthly, with no points a. F ind your monthly payments under this option. b. Find the total amount of money paid to the lender. c. Find the total amount of interest you will pay over the life of the loan. 2. Lender II offers you a fixed rate 30-year mortgage at an annual interest rate of 5.75%, compounded monthly, with one point...
The following instalment payment schedule is for a long-term bank loan payable: Reduction of Interest Cash Payment Principal Interest Period Principal Balance Expense $79,000.00 Issue date $4,740.00 $18,754.32 $14,014.32 64,985.68 1 2 18,754.32 3,899.14 14,855.18 50,130.50 15,746.49 3 18,754.32 3,007.83 34,384.01 4 18,754.32 2,063.04 16,691.28 17,692.73 5 18,754.32 1,061.59 17,692.73 0.00 Is the above schedule a fixed principal plus interest or blended principal and interest payment schedule? LINK TO TEXT Assuming payments are made annually, what is the interest rate...
Jessica has taken a 3-year loan in amount of 500,000 USD paid in 18 fixed installments at the end of each interest period. Each installment amounts to each 33,351.05 USD. What is the nominal rate of this loan?
You need 400,000 to buy a flat. So, you go to the bank and ask for that amount. The bank offers an annual interest rate of 3%, and the loan has to be paid back in 20 years, in constant monthly payments. Calculate how much you'll have to pay back to the bank every month (write the result with no decimal points) Answer: How much you should invest today in a financial product that offers a 5% interest rate (compounded...
Brief Exercise 10-7 Assad Inc. issued a five-year, 6% instalment note payable, with fixed principal payments plus interest, due annually. The following instalment payment schedule is partially completed: Fill in the missing amounts. Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance $70,000 Issue date $18,200 56,000 17,360 3,360 2,520 15,680 1,680 14,000 14,840 840 LINK TO TEXT What are the current and non-current portions of the note at the end of period 3? Current portion $ Non-current...
rate of 5.25%, 1 Lender I offers you a fixed rate 15-year mortgage at an annual interes compounded monthly, with no points a. F ind your monthly payments under this option. b. Find the total amount of money paid to the lender. c. Find the total amount of interest you will pay over the life of the loan. 2. Lender II offers you a fixed rate 30-year mortgage at an annual interest rate of 5.75%, compounded monthly, with one point...
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