A 90,000 loan is repaid in 4 years at a 3.5% interest rate using the Sinking...
A 90,000 loan is repaid in 4 years at a 3.5% interest rate using the Sinking Fund method. Write down the loan depreciation table if the interest rate is 2.5%.
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A 90,000 loan is repaid in 4 years at a 3.5% interest rate using
the Sinking...
A $30000 loan is to be repaid in 14 years, with a sinking fund accumulated to...
A $30000 loan is to be repaid in 14 years, with a sinking fund accumulated to repay principal plus interest. The loan charges j2 = 7.2%, while the sinking fund fund earnsj2 = 10.2%. What semi annual sinking fund deposit is required?
Create an amortization schedule/sinking fund schedule for the following: a. A $500,000 loan with level payments made at...
Create an amortization schedule/sinking fund schedule for the following: a. A $500,000 loan with level payments made at the end of each year for 30-years. Assume an annual effective interest rate on the loan of 4% and that the loan is repaid with the amortization method. In excel with equations listed please.
A 65,000 annual payment loan is made for a term of 10 years at 7.3% interest....
A 65,000 annual payment loan is made for a term of 10 years at 7.3% interest. The lender wants only payments of interest until the end of year 10 when the 65,000 must be repaid. The borrower will make level annual year-end payments to a sinking fund earning 4.8%. Find the level sinking fund deposit and the balance in the sinking fund at time 5. find the total payment and the principal in the 6th payment.
Mr John Smith takes out a $45,000 car loan at 4% annual interest to be repaid...
Mr John Smith takes out a $45,000 car loan at 4% annual interest to be repaid over 4 years (48 equal installments). On the third day of month 14 the loan rate is reduced to 3.5%. Mr Smith is again lucky because on the tenth day of month 35 the loan rate is reduced to 3.0% Calculate how much interest Mr Smith has paid at the various rates (including the mixed monthly rates when the rate changes take place). Also...
A student takes out a five-year loan of 1000. interest on the loan is at an...
A student takes out a five-year loan of 1000. interest on the loan is at an annual effective interest rate of i. at the end of each year, the student pays the interest due on the loan and makes a deposit of twice the amount of that interest payment into a sinking fund. the sinking fund credits interest at an annual effective rate of 0.8i. the sinking fund will accumulate the amount needed to pay off the loan at the...
A loan will be repaid by month-end repayments of 9,000 for 10 years. The interest rate...
A loan will be repaid by month-end repayments of 9,000 for 10 years. The interest rate is 2.4% p.a. compounded monthly for the first 6 years and 8.2% p.a. compounded monthly thereafter. How much is the loan? Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)
A loan of 100,000 is to be repaid in 4 level annual payments starting one year...
A loan of 100,000 is to be repaid in 4 level annual payments starting one year after the loan date. For the first 2 years, the annual interest rate is 8%; for the last 2 years, the annual interest rate is 4%. Find the annual payment and complete the loan amortization table. t Payment Interest Due Principal Repaid Outstanding Balance 0 100,000 1 2 3 4
3.) A student is borrowing $2000 per year for 3 years. The loan will be repaid 2 years later at a 5% interest rate. a)...
3.) A student is borrowing $2000 per year for 3 years. The loan will be repaid 2 years later at a 5% interest rate. a) Draw the cash flow diagram b) Compute how much will be repaid.
A $67,800 loan is to be repaid by equal annual payments for 15 years. The interest...
A $67,800 loan is to be repaid by equal annual payments for 15 years. The interest rate is 8.3% compounded annually. Determine the balance outstanding after 10 years,
4. If $6,000 is obtained from a loan at 8% interest, to be repaid with a...
4. If $6,000 is obtained from a loan at 8% interest, to be repaid with a single payment in 5 years, what is the total amount to be repaid?
A 65,000 annual payment loan is made for a term of 10 years at 7.3% interest. The lender wants only payments of interest until the end of year 10 when the 65,000 must be repaid. The borrower will make level annual year-end payments to a sinking fund earning 4.8%. Find the level sinking fund deposit and the balance in the sinking fund at time 5. find the total payment and the principal in the 6th payment.
3.) A student is borrowing $2000 per year for 3 years. The loan will be repaid 2 years later at a 5% interest rate. a) Draw the cash flow diagram b) Compute how much will be repaid.
A $67,800 loan is to be repaid by equal annual payments for 15 years. The interest rate is 8.3% compounded annually. Determine the balance outstanding after 10 years,
4. If $6,000 is obtained from a loan at 8% interest, to be repaid with a single payment in 5 years, what is the total amount to be repaid?
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