Question 13 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How...
Question 12 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How much of payment 16 will go towards paying interest? $768.19 $479.51 $626.78 $903.95
woman borrowed P3,000 to be paid after 16 years with interest at 12% compounded semiannually and P5,000 to be paid after 3 years at 12% compounded monthly. What single payment must she pay after 3 years at an interest rate of 16% compounded quarterly to serile the two obligations? Ans P12. 627.59 10. Mr.J de la Cruz borrowed money from a bank. He received from the bank P1.342 and promise to repay P1,500 at the end of 9 months. Determine...
For equipment upgrades, a business borrowed $400,000 at 10% compounded semiannually for 7 years. What are the semiannual payments (in dollars)? (Round your answer to the nearest cent.) $ wah a present value of $150,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money is worth 6.5%, compounded quarterly? (Round your answer to the nearest cent.) $ A homeowner planning a kitchen remodeling can afford...
$8,000 @ rste of 7.5% compounded semiannually for 8 years? If I borrowed $8000 @ rate of 7.5% compounded semiannually. If I made no payments how much would I owe after 8 years?
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...
Part 2 Attempt 1/10 for 10 pts. How much of your first monthly payment goes towards paying down the outstanding balance in $)? No decime Submit Part 3 Attempt 1/10 for 10 pts. What is the outstanding balance after 1 year if you have made all 12 payments on time? No decime Submit Part 4 Attempt 1/10 for 10 pts. How much of your 13 monthly payment goes towards paying down the outstanding balance in S)? No decims Submit NA...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
CTL (Concrete Testing Lab) borrowed $120,000 for new equipment
at 12% per year, compounded quarterly. It is to be paid back over 4
years in equal quarterly payments.
How much interest is in the 6th payment? $
How much principal is in the 6th payment? $
What principal is owed immediately following the 6th
payment?
Question 5 Ten years ago you borrowed $258000. The term of the loan was 23 years and required monthly payments of $2756.90. The interest rate on the loan was 12 percent compounded monthly. You have just made the 138th payment. What is the principal outstanding? $190069.34 $171546.34 $129000.00 $205855.27
QUESTION 7 What's the present value of $100,000 discounted back 10 years if the appropriate interest rate is 6.5%, compounded quarterly? QUESTION 13 Suppose you inherited $500,000 and invested it at 6.25% per year. How much could you withdraw at the end of each of the next 35 years? QUESTION 19 Suppose you borrowed $75,000 at a rate of 12% and must repay it in equal annual installments at the end of each of the next 5 years. 1. How...