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.
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You are taking a $4,486 loan. You will pay it back in four equal
amounts, paid...
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...
4-93 You are taking a $5000 loan. You will pay it back in four equal amounts,...
4-93 You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months start- ing 5 years from now. The interest rate is 12% compounded semiannually. Calculate: (a) The effective interest rate (6) The amount of each semiannual payment (c) The total interest paid
2. A loan of $350,000 is to be paid back to the lender in equal yearly...
2. A loan of $350,000 is to be paid back to the lender in equal yearly payments during a period of 5 years. The loan terms were made using an interest rate of 12% compounded quarterly. Determine the amount of each yearly payment that will be made by the borrower. 123
13-19 odd please 13. A $10,000 loan is to be amortized for 10 years with quarterly...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
You borrowed $1,200 to buy a new computer and agreed to pay the loan back 3...
You borrowed $1,200 to buy a new computer and agreed to pay the loan back 3 years later; if the loan has a 10 percent interest rate, what is the balance you will owe at that time? You recently purchased a new car for 18,000 by agreeing to make equal annual payments for 5 years. If the interest rate on your loan is 8 percent, how much is each payment?
A balloon payment is a loan where you pay small amounts of the loan first and...
A balloon payment is a loan where you pay small amounts of the loan first and then, at the end of the loan, you pay a BIG portion of the acquired debt to liquidate it. Many times, in this type of loan, you pay the interest of the loan first and then, in the last installment, you pay the last part of the interest and the principal. You and your business partners are contemplating the purchase of a commercial building....
only answer b,c,d thanks . What equal-payment series is required to repay the following present amounts?...
only answer b,c,d thanks
. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
You took a 5 year, $100,000 loan. The loan has equal principal payments. The loan carries...
You took a 5 year, $100,000 loan. The loan has equal principal payments. The loan carries a 6% annual interest rate and is paid back in annual payments. 1. What is the outstanding balance of the loan after 3 years? 2. Compute an amortization table for the loan. 3. What is the interest payment on the fourth installment?
A loan of $25, 000 is paid off in semi-annual payments over a four year period. ...
A loan of $25, 000 is paid off in semi-annual payments over a four year period. Interest is 6.2% compounded quarterly. What is the size of the payment made at the end of every six months ? (Please use the financial calculator method (BAII) by showing inputs in the financial calculator)
(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...
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...
4-93 You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months start- ing 5 years from now. The interest rate is 12% compounded semiannually. Calculate: (a) The effective interest rate (6) The amount of each semiannual payment (c) The total interest paid
2. A loan of $350,000 is to be paid back to the lender in equal yearly payments during a period of 5 years. The loan terms were made using an interest rate of 12% compounded quarterly. Determine the amount of each yearly payment that will be made by the borrower. 123
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
A balloon payment is a loan where you pay small amounts of the loan first and then, at the end of the loan, you pay a BIG portion of the acquired debt to liquidate it. Many times, in this type of loan, you pay the interest of the loan first and then, in the last installment, you pay the last part of the interest and the principal. You and your business partners are contemplating the purchase of a commercial building....
only answer b,c,d thanks
. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
(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...
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