Homework Answers
yearly payment = Y
time period = 5 years
yearly interest rate = (1 + 12%/4)4 - 1 = 12.55%
Y/(1 + 12.55%) + .... + Y/(1 + 12.55%)5 = 350000
Y = $ 98421.9
Add Answer to:
2. A loan of $350,000 is to be paid back to the lender in equal yearly...
(1 point) A company borrows $200000, which will be paid back to the lender in one...
(1 point) A company borrows $200000, which will be paid back to the lender in one payment at the end of 12 years. The company agrees to pay monthly interest payments at the nominal annual rate of 8% compounded monthly. At the same time the company sets up a sinking fund in order to repay the loan at the end of 12 years. The sinking fund pays interest at an annual nominal interest rate of 4% compounded monthly. Find the...
Suppose you have $250,000 of loan. The terms of the loan are that the yearly interest...
Suppose you have $250,000 of loan. The terms of the loan are that the yearly interest is 6% compounded quarterly. You are to make equal quarterly payments of such magnitude as to repay this loan over 30 years. (Keep all your answers to 2 decimal places, e.g. XX.12.) (a) How much are the quarterly payments? Ans: 4504.63 (b) After 5 years' payments, what principal remains to be paid? Ans: 232550.19 (c) How much interest is paid in the first quarter of...
A loan of $5000 is to be paid back with payments of $500 apiece. If the...
A loan of $5000 is to be paid back with payments of
$500 apiece. If the interest rate charged is 6% compounded
quarterly, complete the first two rows of the following
amortization table:
Beginning Amount ofInterest for Portion toPrincipal at Balance Payment Period Principal end of Period
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occ...
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5 years). The annual interest rate is 14% compounded semiannually. Calculate the amount of each semiannual payment.
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5...
A company borrows $160000, which will be paid back to the lender in one payment at the end of 5 years. The company agree...
A company borrows $160000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay semi-annually interest payments at the nominal annual rate of 10% compounded semi-annually. At the same time the company sets up a sinking fund in order to repay the loan at the end of 5 years. The sinking fund pays interest at an annual nominal interest rate of 4% compounded semi-annually. Find the total amount...
You are taking a $4,486 loan. You will pay it back in four equal amounts, paid...
You are taking a $4,486 loan. You will pay it back in four equal amounts, paid every 6 months, with the first payment occurring 5 years from now (the payments begin after 5 years). The annual interest rate is 11% compounded semiannually. Calculate the amount of each semiannual payment.
Please post with mathematical formulas please, no an excel sheet 2. The lender of a loan...
Please post with mathematical formulas please, no an excel
sheet
2. The lender of a loan of 175000 receives interest payments at the end of each year for 25 years at an effective annual interest rate of i, and in addi tion, will receive a lump-sum repayment of the principal along with the 25th interest payment. The borrower will pay the annual interest to the lender and accumulate the 175000 by making 25 level annual deposits at the end of...
A certain college graduate borrows $7400 to buy a car. The lender charges interest at an...
A certain college graduate borrows $7400 to buy a car. The lender charges interest at an annual rate of 10%. Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate k dollars per year, determine the payment rate k that is required to pay off the loan in 2 years. (Round your answer to two decimal places.) $ per yr Determine how much interest is paid during the 2-year period. (Round your...
Problem 3 B) Pierluigi is trying to get a loan for $10,000 to start a business...
Problem 3 B) Pierluigi is trying to get a loan for $10,000 to start a business as a financial advisor and is trying to decide between several options. (15 points) DA $10,000 loan that needs to be paid back in 6 years with a 6 % nominal annual interest rate, compounded monthly i) A $10,000 loan that needs to be paid back in 7 years, which accrues no interest during the first 2 years but has a 10% effective interest...
(6) Christine Sohn bought a BMW when she came to LA as a purchased by taking a loan that was to be paid off in 20 e...
(6) Christine Sohn bought a BMW when she came to LA as a purchased by taking a loan that was to be paid off in 20 equal, quarterly payments. The interest rate on the loan was 12 % per year with quarterly compounding. After four years, at the time that Christine made her 16th payment, she got married and sold the BMW to her friend Jane Jane made arrangements with Christine's bank to refinance the loan and to pay Christine's...
A loan of $5000 is to be paid back with payments of
$500 apiece. If the interest rate charged is 6% compounded
quarterly, complete the first two rows of the following
amortization table:
Beginning Amount ofInterest for Portion toPrincipal at Balance Payment Period Principal end of Period
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5 years). The annual interest rate is 14% compounded semiannually. Calculate the amount of each semiannual payment.
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5...
Please post with mathematical formulas please, no an excel
sheet
2. The lender of a loan of 175000 receives interest payments at the end of each year for 25 years at an effective annual interest rate of i, and in addi tion, will receive a lump-sum repayment of the principal along with the 25th interest payment. The borrower will pay the annual interest to the lender and accumulate the 175000 by making 25 level annual deposits at the end of...
A certain college graduate borrows $7400 to buy a car. The lender charges interest at an annual rate of 10%. Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate k dollars per year, determine the payment rate k that is required to pay off the loan in 2 years. (Round your answer to two decimal places.) $ per yr Determine how much interest is paid during the 2-year period. (Round your...
Problem 3 B) Pierluigi is trying to get a loan for $10,000 to start a business as a financial advisor and is trying to decide between several options. (15 points) DA $10,000 loan that needs to be paid back in 6 years with a 6 % nominal annual interest rate, compounded monthly i) A $10,000 loan that needs to be paid back in 7 years, which accrues no interest during the first 2 years but has a 10% effective interest...
(6) Christine Sohn bought a BMW when she came to LA as a purchased by taking a loan that was to be paid off in 20 equal, quarterly payments. The interest rate on the loan was 12 % per year with quarterly compounding. After four years, at the time that Christine made her 16th payment, she got married and sold the BMW to her friend Jane Jane made arrangements with Christine's bank to refinance the loan and to pay Christine's...
Most questions answered within 3 hours.
-
Ammonia will decompose into nitrogen and hydrogen at high
temperature. An industrial chemist studying this reaction...
asked 2 minutes ago -
10. Complete the table below
only using hexadecimal numbers:
AL CODE
EBX
EAX
[EAX]
mov eax,...
asked 20 minutes ago -
trust is best established through the combination of ------and
------- .
1. magnanimity and justice
2....
asked 34 minutes ago -
Blood pressure is normally taken on the upper arm at the level
of the heart. Suppose,...
asked 33 minutes ago -
Suppose that the satellite around the earth has an orbit that is
24 KM larger in...
asked 37 minutes ago -
Calculate the [OH (aq)] in limes which have a [H3O*(aq)] of 1.3 x
10 mol/L
asked 34 minutes ago -
A nozzle with a radius of 0.250 cm is attached to a garden hose
with a...
asked 46 minutes ago -
PLEASE do not use any loops for the program; only recursion is
allowed
4. Write a...
asked 55 minutes ago -
Please help me with me. I did the first part to write the operations but in...
asked 52 minutes ago -
Use Cryptool to find the Cryptographic SHA-1 hash value of the
string "abc". The calculator is...
asked 56 minutes ago -
You are attempting to calculate a firm’s free cash flow to
equity. You know the following...
asked 1 hour ago -
the following reaction occurs in a balloon containing
N2O2 gas
N2O4(g)=2NO2(g)
will the volume of the...
asked 2 hours ago