Homework Answers
Interest rate =RATE(12,-9456,100000) =2%
The answer is a)
Add Answer to:
Previous Page Next Page Page 11 of 30 Question 11 (3.3 points) You have just taken...
QUESTION 6 You have just obtained home financing from a bank. The principal amount is RM750,000...
QUESTION 6 You have just obtained home financing from a bank. The principal amount is RM750,000 and the loan is to be repaid over a period of 20 years via equal end-of-the-month monthly installment payments. The bank charges an annual nominal rate of 6.6%. The calculations are based on the concept of amortization. Required: i. Calculate the monthly installment payment amount. ii. How much of the third monthly installment payment will go towards the repayment of principal? iii. How much...
Your company has just taken out a 1-year installment loan for $72,500 at a nominal rate...
Your company has just taken out a 1-year installment loan for $72,500 at a nominal rate of 11.0% but with equal end-of-month payments. What percentage of the 2nd monthly payment will go toward the repayment of principal?
you have just taken out a 30 year, $120,000 mortgage on your new home. this mortggage...
you have just taken out a 30 year, $120,000 mortgage on your new home. this mortggage is to be repaid in 360 equal monthly installments. if the stated (nominal) annual interest rate is 13.95 %, what is the amount of the INTEREST PORTION od the FIRST monthly installment?
you have just taken out a 30 year $120,000 mortgage on your new home. This mortgage...
you have just taken out a 30 year $120,000 mortgage on your new home. This mortgage is to be repaid in 360 equal monthly installments. if the stated (nominal) annual interest rate is 15.73 percent, what is the amount of interest portion of the FIRST installment?
You have just taken out a $26,000 car loan with a 5% APR, compounded monthly. The...
You have just taken out a $26,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places) When you make your first payment will go toward the principal of the loan and will...
You have just taken out a $18,000 car loan with a 5% APR, compounded monthly. The...
You have just taken out a $18,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment will go toward the principal of the loan and will...
You have just taken out a $19,000 car loan with a 4% APR, compounded monthly. The...
You have just taken out a $19,000 car loan with a 4% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate stops less than six decimal places.) When you make your first payment, $ will go toward the principal of the loan and...
You have just taken out a $22,000 car loan with a 8% APR, compounded monthly. The...
You have just taken out a $22,000 car loan with a 8% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment, $ will go toward the principal of the loan and...
You have just taken out a $16,000 car loan with a 6% APR, compounded monthly. The...
You have just taken out a $16,000 car loan with a 6% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places) When you make your first payment, will go toward the principal of the loan and $...
You have just taken out a $28,000 car loan with a 7 % APR, compounded monthly....
You have just taken out a $28,000 car loan with a 7 % APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment,_________will go toward the principal of the loan and ____will...
You have just taken out a $26,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places) When you make your first payment will go toward the principal of the loan and will...
You have just taken out a $18,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment will go toward the principal of the loan and will...
You have just taken out a $19,000 car loan with a 4% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate stops less than six decimal places.) When you make your first payment, $ will go toward the principal of the loan and...
You have just taken out a $22,000 car loan with a 8% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment, $ will go toward the principal of the loan and...
You have just taken out a $16,000 car loan with a 6% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places) When you make your first payment, will go toward the principal of the loan and $...
Most questions answered within 3 hours.
-
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 56 minutes ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 55 minutes ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 59 minutes ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 1 hour ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 1 hour ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 1 hour ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 1 hour ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 1 hour ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 1 hour ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 1 hour ago -
International ethics focus on:
1) exploitation of labor
2)corruption
3) environmental impact
4) none of the...
asked 1 hour ago -
Costing Models You work for XYZ trucking and your boss has asked
you to figure out...
asked 1 hour ago