Homework Answers
Ans Amount Paid at the end = $ 3612.29
Interest Paid = $ 112.29
Add Answer to:
can you please hanwrite the answer and the work. please i meed
the answer.
6) A...
I need steps for the answer 6s PROBLEM 1. what an ount will be owed in...
I need steps for the answer
6s PROBLEM 1. what an ount will be owed in S year, i, SS00 "browed now at 10% per year simple interest Answer 57,300 rd:: For what period of time will S500 have to be invested to smount to$625 earns ธ0% simple interes. Per an.suns? Anawer 2.5 years 3. What is the principal amount if the principal plus interest at the end of I years is$14,000 for a simple interest "ase of 12% per...
Can you please show your work and help me understand how to get the correct answers....
Can you please show your work and help me understand how to get the correct answers. 5. If the nominal rate of interest is 3.2%, then what is the quarterly periodic rate of interest? . Show 2 decimals in the percentage! Don't enter the % sign. For Example answer: 9.99 Answer: 0.8 7. A perpetuity has a discount rate of 6.7% and a payment of $421.22. What is the present value of this perpetuity? Answer: 6,286.87 8. You borrow $76,810...
1)Find the present value of $13,500 in 7 months at 7.9% interest answer:$ 2. Your friend...
1)Find the present value of $13,500 in 7 months at 7.9% interest answer:$ 2. Your friend needs a loan of $4,700 for 6 months. You tell him for the simple interest loan service he needs to pay you back $4,770.50. What is the simple interest rate on your friendly loan? Interest Rate= % 3.A payday loan company charges a $85 fee for a $400 payday loan that will be repaid in 13 days. Treating the fee as interest paid, what...
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...
QUESTION 6 A loan of L is to be repaid with 40 payments of 100 at...
QUESTION 6 A loan of L is to be repaid with 40 payments of 100 at the end of each month. Interest on the loan is charged at an annual nominal rate of i, 0 <i< 1, convertible monthly. The outstanding balances immediately after the 8th and 24th payments are 2308.15 and 1345.50, respectively. Calculate the amount of interest repaid in the 15th payment. Round your answer to the nearest whole number.
please provide answers to ALL 3 questions. You are a financial investigator for the SEC. You...
please provide answers to ALL 3 questions.
You are a financial investigator for the SEC. You discover a few pieces of information regarding a loan taken out by a suspect in a fraud case. The loan was to be repaid with level annual payments of 3,576.71. Also, the Outstanding Balance at time 0 was 24,000 and the Outstanding Balance at time 1 was 22,343.29 3. in order to help convict the suspect, you need to find a the interest rate...
plz help This Question: 1 pt 7 of 10 (8 complete) A loan of $930 was...
plz help
This Question: 1 pt 7 of 10 (8 complete) A loan of $930 was repaid at the end of 6 months with a check for $960. What annual rate of interest was charged? S %. (Round to two decimal places The annual rate of interest was charged at as needed.)
Can you solve this for me please? 2. You borrowed $6,000.00 for 5 years at 7%...
Can you solve this for me please?
2. You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment is interest, and how much principal is there in each annual payment.
can somebody help me with 37,38 and (most needed) 40 please??? 200 The theory of interest...
can somebody help me with 37,38 and (most needed) 40
please???
200 The theory of interest 36. A loan is being repaid with 10 payments. The first payment is 10, the second 9, d so forth with the tenth payment being 1. Show that the amount of interest in te sixth payment is 5- ag- 37. A loan is repaid with payments which start at $200 the first year and increase by $0 per year until a payment of $1000...
1. You won $100 000 in a lottery and you want to set some of that...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
I need steps for the answer
6s PROBLEM 1. what an ount will be owed in S year, i, SS00 "browed now at 10% per year simple interest Answer 57,300 rd:: For what period of time will S500 have to be invested to smount to$625 earns ธ0% simple interes. Per an.suns? Anawer 2.5 years 3. What is the principal amount if the principal plus interest at the end of I years is$14,000 for a simple interest "ase of 12% per...
QUESTION 6 A loan of L is to be repaid with 40 payments of 100 at the end of each month. Interest on the loan is charged at an annual nominal rate of i, 0 <i< 1, convertible monthly. The outstanding balances immediately after the 8th and 24th payments are 2308.15 and 1345.50, respectively. Calculate the amount of interest repaid in the 15th payment. Round your answer to the nearest whole number.
please provide answers to ALL 3 questions.
You are a financial investigator for the SEC. You discover a few pieces of information regarding a loan taken out by a suspect in a fraud case. The loan was to be repaid with level annual payments of 3,576.71. Also, the Outstanding Balance at time 0 was 24,000 and the Outstanding Balance at time 1 was 22,343.29 3. in order to help convict the suspect, you need to find a the interest rate...
plz help
This Question: 1 pt 7 of 10 (8 complete) A loan of $930 was repaid at the end of 6 months with a check for $960. What annual rate of interest was charged? S %. (Round to two decimal places The annual rate of interest was charged at as needed.)
Can you solve this for me please?
2. You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment is interest, and how much principal is there in each annual payment.
can somebody help me with 37,38 and (most needed) 40
please???
200 The theory of interest 36. A loan is being repaid with 10 payments. The first payment is 10, the second 9, d so forth with the tenth payment being 1. Show that the amount of interest in te sixth payment is 5- ag- 37. A loan is repaid with payments which start at $200 the first year and increase by $0 per year until a payment of $1000...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
Most questions answered within 3 hours.
-
Write an assessment of the current business analysis of Hilton
Worldwide using Porters 5 Forces analysis.
asked 9 minutes ago -
i need help on this
Chapter 9 Section 3 Question 1:
Rudy puts this poster, with...
asked 18 minutes ago -
True or false Assembly x86
41. _____ The program counter is a pointer to the
instruction....
asked 18 minutes ago -
You have conducted an experiment to try to demonstrate that
growth factor receptor X protein (GFRX)...
asked 34 minutes ago -
The Gross Profit ratio for 2014 is 57.07%
Assume that Campbell's net sales for the first...
asked 33 minutes ago -
Thoroughly discuss the various current and proposed solutions to
anthropogenic influences resulting in Global Climate Change....
asked 38 minutes ago -
BLOG EXERCISE: You are writing a weekly intranet blog for the
CEO of a large Canadian...
asked 40 minutes ago -
calculate ΔGrxn at 36 ∘C. N2O4(g)→2NO2(g)
asked 41 minutes ago -
Present and Future Values of Single Cash Flows for Different
Periods
Find the following values, using...
asked 43 minutes ago -
Which types of mutations in DNA can lead to the translation of a
non-functional protein product?...
asked 43 minutes ago -
Many structures are composed of individual elements that react
in unison when forces are applied. the...
asked 44 minutes ago -
Work of 1950 J is done by stirring a perfectly insulated beaker
containing 75 g of...
asked 1 hour ago