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Talender makes a simple loan of $300 for 2 years and charges 7%, then the amount...
If a lender makes a simple loan of $400 for 4 years and charges 3%, then...
If a lender makes a simple loan of $400 for 4 years and charges 3%, then the amount that the lender receive at maturity is $ (Round your response to the nearest two decimal place) If a lender makes a simple loan of $3000 for one year and charges $70 interest, then the simple interest rate on that loan is %. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from today in...
If a lender makes a simple loan of $800 for 2 years and charges 3%, then...
If a lender makes a simple loan of $800 for 2 years and charges 3%, then the amount that the lender receive at maturity is $?. Round your response to the nearest two decimal place If a lender makes a simple loan of $2500 for one year and charges $30 interest, then the simple interest rate on that loan is ?% Round your response to the nearest whole number. If a borrower must repay $106.50 one year from today in...
Question Help * lf a lender makes a simple loan of $70 or 3 years and...
Question Help * lf a lender makes a simple loan of $70 or 3 years and charges 7%, then the amount that the lender receive at maturity s S Round your esponse o the nearest two decimal place) If a lender makes a simple loan of $3000 for one year and charges $70 interest, then the simple interest rate on that loan is%. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from...
7. Calculating finance charges using the discount method and APR on a single-payment Aa Aa loan...
7. Calculating finance charges using the discount method and APR on a single-payment Aa Aa loan You are taking out a single-payment loan that uses the discount method to compute the finance charges. Computing the finance charges is done method. Under the discount method, a borrower receives the principal the principal is $10,000 and the finance charges are $400, the borrower will receive $ the way they're computed using the simple interest the finance charges. For example, if The following...
You are looking at a one-year loan of $12,000. The interest rate is quoted as 8 percent plus three points. A point on a loan is simply 1 percent (one percentage point) of the loan amount. Quotes simil...
You are looking at a one-year loan of $12,000. The interest rate is quoted as 8 percent plus three points. A point on a loan is simply 1 percent (one percentage point) of the loan amount. Quotes similar to this one are common with home mortgages. The interest rate quotation in this example requires the borrower to pay three points to the lender up front and repay the loan later with 8 percent interest. What rate would you actually be...
Problem 3 (Required, 25 marks) Recently, Mr. A has 2 outstanding loans: • Loan A -...
Problem 3 (Required, 25 marks) Recently, Mr. A has 2 outstanding loans: • Loan A - He needs to repay $1720 at the end of every month and there are 36 repayments remaining. The loan charges interest at an annual nominal interest rate 12% compounded monthly Loan B - He needs to repay an amount X at the end of every month and there are 36 repayments remaining. The loan charges interest at an annual nominal interest rate 18% compounded...
A U.S. Treasury bill is an example of a O A. coupon bond O B. simple...
A U.S. Treasury bill is an example of a O A. coupon bond O B. simple loan O C. fixed-payment loan. O D. discount bond The estimated current purchasing price of a discount bond with a face value of $1500 and a yield to maturity of 9% is S response to the nearest two decimal place Round your What is the approximate yield to maturity on a discount bond that matures one year from today with a maturity value of...
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value...
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value using the simple interest formula. 365 day year Principal Interest Rate Time Simple Interest Amount Future Value $ 18,000 4.5% 18 months $ 21,000 5% 1.75 Years $ 18,000 7.25% 9 months $ 1,000 8% 93 days $ 585 9% 193 days $ 1,200 12% 187 days 1) Leslie Hart borrowed $15,000 to pay for her child’s education. Leslie must repay the loan...
1. Why are rates on credit card loans generally higher than rates on car loans? 2....
1. Why are rates on credit card loans generally higher than rates on car loans? 2. Metrobank offers one-year loans with a 6.5 percent stated or base rate, charges a 0.35 percent loan origination fee, imposes an 18 percent compensating balance requirement, and must pay an 12 percent reserve requirement to the Federal Reserve. The loans typically are repaid at maturity. a) If the risk premium for a given customer is 2.25 percent, what is the simple promised interest return...
6. A company issued a 25-year bond two years ago at a coupon rate of 5.3...
6. A company issued a 25-year bond two years ago at a coupon rate of 5.3 percent. The bond makes semiannual coupon payments. If the bond currently sells for 105 percent of its par value of $1,000, what is the YTM? 7. Bond X makes semiannual payments. The bond pays a coupon rate of 7 percent, has a YTM of 6.2 percent, and has 13 years to maturity. Bond Y makes semiannual payments. This bond pays a coupon rate of...
If a lender makes a simple loan of $400 for 4 years and charges 3%, then the amount that the lender receive at maturity is $ (Round your response to the nearest two decimal place) If a lender makes a simple loan of $3000 for one year and charges $70 interest, then the simple interest rate on that loan is %. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from today in...
Question Help * lf a lender makes a simple loan of $70 or 3 years and charges 7%, then the amount that the lender receive at maturity s S Round your esponse o the nearest two decimal place) If a lender makes a simple loan of $3000 for one year and charges $70 interest, then the simple interest rate on that loan is%. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from...
7. Calculating finance charges using the discount method and APR on a single-payment Aa Aa loan You are taking out a single-payment loan that uses the discount method to compute the finance charges. Computing the finance charges is done method. Under the discount method, a borrower receives the principal the principal is $10,000 and the finance charges are $400, the borrower will receive $ the way they're computed using the simple interest the finance charges. For example, if The following...
Problem 3 (Required, 25 marks) Recently, Mr. A has 2 outstanding loans: • Loan A - He needs to repay $1720 at the end of every month and there are 36 repayments remaining. The loan charges interest at an annual nominal interest rate 12% compounded monthly Loan B - He needs to repay an amount X at the end of every month and there are 36 repayments remaining. The loan charges interest at an annual nominal interest rate 18% compounded...
A U.S. Treasury bill is an example of a O A. coupon bond O B. simple loan O C. fixed-payment loan. O D. discount bond The estimated current purchasing price of a discount bond with a face value of $1500 and a yield to maturity of 9% is S response to the nearest two decimal place Round your What is the approximate yield to maturity on a discount bond that matures one year from today with a maturity value of...
1. Why are rates on credit card loans generally higher than rates on car loans? 2. Metrobank offers one-year loans with a 6.5 percent stated or base rate, charges a 0.35 percent loan origination fee, imposes an 18 percent compensating balance requirement, and must pay an 12 percent reserve requirement to the Federal Reserve. The loans typically are repaid at maturity. a) If the risk premium for a given customer is 2.25 percent, what is the simple promised interest return...
6. A company issued a 25-year bond two years ago at a coupon rate of 5.3 percent. The bond makes semiannual coupon payments. If the bond currently sells for 105 percent of its par value of $1,000, what is the YTM? 7. Bond X makes semiannual payments. The bond pays a coupon rate of 7 percent, has a YTM of 6.2 percent, and has 13 years to maturity. Bond Y makes semiannual payments. This bond pays a coupon rate of...
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