Ronaldo loaned $165,309 to a small business at 4.06 compounded semi-annually for 1 year and 7...
Ronaldo loaned $165,309 to a small business at 4.06 compounded semi-annually for 1 year and 7 months. How much would the business have to repay Ronaldo at the end of the loan period?
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Ronaldo loaned $165,309 to a small business at 4.06 compounded
semi-annually for 1 year and 7...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest...
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...
Karmen borrowed $5378.00 compounded semi-annually to help finance her education. She contracted to repay the loan i...
Karmen borrowed $5378.00 compounded semi-annually to help finance her education. She contracted to repay the loan in semi-annual payments of $259.00 each. If the payments are due at the end of every 6 months and interest is 6% compounded semi-annually, how long will Karmen have to make semi-annual payments? State your answer in years and months (from 0 to 11 months) month(s). year(s) and Karmen will have to make payments for
Karmen borrowed $5378.00 compounded semi-annually to help finance her...
Sophie received a $32,750 loan from a bank that was charging interest at 4.50% compounded semi-annually....
Sophie received a $32,750 loan from a bank that was charging interest at 4.50% compounded semi-annually. a. How much does she need to pay at the end of every 6 months to settle the loan in 4 years? Round to the nearest cent b. What was the amount of interest charged on the loan over the 4-year period? Round to the nearest cent
A loan charging 6% interest compounded semi-annually, was repaid in three installments in 1 year: one...
A loan charging 6% interest compounded semi-annually, was repaid in three installments in 1 year: one $300 payment after 6 months; one $500 payment after 8 months; and a final payment of $1200 at the end of the year. What was the value of the original loan?
An annuity with a cash value of $13,500 earns 7% compounded semi-annually. End-of-period semi-annual payments are...
An annuity with a cash value of $13,500 earns 7% compounded semi-annually. End-of-period semi-annual payments are deferred for 7 years, and then continue for 8 years. How much is the amount of each payment? Answer: Each payment is $ _1806.86___ NOTE*: i would like to know how to get to that answer through a financial calculator in BGN MODE.
A construction company signed a loan contract at 4.62% compounded semi-annually, with the provision to pay...
A construction company signed a loan contract at 4.62% compounded semi-annually, with the provision to pay $725 at the end of each month for three years. (a) What is amount of the loan? (b) How much will be owed at the end of sixteen months? (c) How much of the principal will be repaid within the first sixteen months? (d) How much interest is paid during the first sixteen months?
A construction company signed a loan contract at 4.55% compounded semi-annually, with the provision to pay...
A construction company signed a loan contract at 4.55% compounded semi-annually, with the provision to pay $460 at the end of each month for four years. (a) What is amount of the loan? (b) How much will be owed at the end of sixteen months? (c) How much of the principal will be repaid within the first sixteen months? (d) How much interest is paid during the first sixteen months?
A $33,950 loan at 10.6% compounded semi-annually is to be paid off by a series of...
A $33,950 loan at 10.6% compounded semi-annually is to be paid off by a series of $4,000 payments that will be made at the end of every six months. How much of the first payment will be credited towards reduction of the principal?
(4 points) Consider a 2-year mortgage loan that is paid back semi-annually. The semi-annually compounded mortgage rate is 5%. The principal is $1000. a) (1 point) Calculate the semi-annual coupon. b)...
(4 points) Consider a 2-year mortgage loan that is paid back semi-annually. The semi-annually compounded mortgage rate is 5%. The principal is $1000. a) (1 point) Calculate the semi-annual coupon. b) (3 points) How much of the coupon is interest payment and how much is principal repayment in 0.5 year, in 1 year, in 1.5 years, and in 2 years? Also calculate the (post- coupon) notional value of the outstanding principle for these four dates.
(4 points) Consider a 2-year...
Lionel obtained a business loan of $310,000 at 5.29% compounded semi-annually. a. What was the size...
Lionel obtained a business loan of $310,000 at 5.29% compounded semi-annually. a. What was the size of the semi-annual payments to be made over 20 years in order to pay off the loan? b. Calculate the interest paid on the loan.
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...
Karmen borrowed $5378.00 compounded semi-annually to help finance her education. She contracted to repay the loan in semi-annual payments of $259.00 each. If the payments are due at the end of every 6 months and interest is 6% compounded semi-annually, how long will Karmen have to make semi-annual payments? State your answer in years and months (from 0 to 11 months) month(s). year(s) and Karmen will have to make payments for
Karmen borrowed $5378.00 compounded semi-annually to help finance her...
(4 points) Consider a 2-year mortgage loan that is paid back semi-annually. The semi-annually compounded mortgage rate is 5%. The principal is $1000. a) (1 point) Calculate the semi-annual coupon. b) (3 points) How much of the coupon is interest payment and how much is principal repayment in 0.5 year, in 1 year, in 1.5 years, and in 2 years? Also calculate the (post- coupon) notional value of the outstanding principle for these four dates.
(4 points) Consider a 2-year...
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