Homework Answers
Add Answer to:
11.9 The purchase of a car requires a $25,000 loan to be repaid in monthly installments...
The Purchase of a car requires a $25,000 loan to be repaid in monthly installments for...
The Purchase of a car requires a $25,000 loan to be repaid in monthly installments for four years at 12% interest compounded monthly and the general inflation is 6% compounded monthly. a) Find the actual & constant dollar value of the 20th payment. b) The total loan payback amount in constant & actual dollars.
PLEASE WRITE DOWN THE FORMULAS YOU USE 8. The purchase of a car requires a $12,000...
PLEASE WRITE DOWN THE FORMULAS YOU USE
8. The purchase of a car requires a $12,000 loan to be repaid in monthly installments for four years at an interest rate (APR) of 9% compounded monthly. If the general inflation rate is 2% per month, find the actual-dollar and constant-dollar value of the 20th payment of this loan.
Mark A 10,000 loan is being repaid over 5 years with monthly end-of-the-month installments at a...
Mark A 10,000 loan is being repaid over 5 years with monthly end-of-the-month installments at a 15% annual effective rate of interest. Find the amount of principal repaid in the 20th payment. A.131 B.145 C.175 D.191 E.211
A loan of $ 8500 is to be repaid in 25 equal monthly installments with the...
A loan of $ 8500 is to be repaid in 25 equal monthly installments with the first one paid seven months after the loan is made. The nominal annual interest rate is 8 % compounded bimonthly. Determine the amount of the monthly payment.
Ricardo purchase a used car for $10,000 He wrote a check for $2,000 as a down payment for the car and financed the $23,681 balance
Ricardo purchase a used car for $10,000 He wrote a check for $2,000 as a down payment for the car and financed the $23,681 balance. The annual percentage rate (APR) is 9% compounded monthly, and the loan is to be repaid in equal monthly installments over the next four years. How much is Ricardo's monthly car payment?
Question 1: a) A loan is to be repaid by a student The student has debts...
Question 1: a) A loan is to be repaid by a student The student has debts of $10,000 to be paid at the end of the first year, $5,000 to be paid in 18 months and $3,000 to be paid in the 24th month The student would prefer to pay the debts as follows. $1,000 now, followed by payments at the end of the 6th, 20th and 30th month. The payment at the end of the 6th month is half...
2. A S20,000 loan obtained today is to be repaid in equal monthly installments over the...
2. A S20,000 loan obtained today is to be repaid in equal monthly installments over the next seven years. If the annual interest rate is 6%, compounded monthly, how mnch is to be paid each month? (9) 3. An investment of $150,000 is expected to generate an after-tax cash flow of $100,000 in year one and another $120,000 in year two. The cost of capital is 10%. a. What is the NPV of this project? Based on the NPV technique,...
A loan is to be repaid in level installments payable at the end of each year...
A loan is to be repaid in level installments payable at the end of each year for 7 years. The effective annual interest rate on loan is 4 %. After the 4^th payment the principal remaining is $ 5000. Find the amount of the loan.
An individual approaches the Loan Shark Agency for $1,000 to be repaid in 24 monthly installments....
An individual approaches the Loan Shark Agency for $1,000 to be repaid in 24 monthly installments. The agency advertises an interest rate of 1.5% per month. They proceed to calculate his monthly payment in the following manner. Amount requested: $1000 Credit investigation: $25 Credit risk insurance: $5 Total : $1,030 a) What is the nominal interest rate? b) What is the effective interest rate?
A car is purchased for $6,801.95 with $2,000 down and a loan to be repaid at...
A car is purchased for $6,801.95 with $2,000 down and a loan to be repaid at $100 a month for 2 years followed by a balloon payment. If the interest rate is 6% compounded monthly, how large will the balloon payment be? The balloon payment will be $ . (Round to the nearest cent as needed.)
PLEASE WRITE DOWN THE FORMULAS YOU USE
8. The purchase of a car requires a $12,000 loan to be repaid in monthly installments for four years at an interest rate (APR) of 9% compounded monthly. If the general inflation rate is 2% per month, find the actual-dollar and constant-dollar value of the 20th payment of this loan.
Question 1: a) A loan is to be repaid by a student The student has debts of $10,000 to be paid at the end of the first year, $5,000 to be paid in 18 months and $3,000 to be paid in the 24th month The student would prefer to pay the debts as follows. $1,000 now, followed by payments at the end of the 6th, 20th and 30th month. The payment at the end of the 6th month is half...
2. A S20,000 loan obtained today is to be repaid in equal monthly installments over the next seven years. If the annual interest rate is 6%, compounded monthly, how mnch is to be paid each month? (9) 3. An investment of $150,000 is expected to generate an after-tax cash flow of $100,000 in year one and another $120,000 in year two. The cost of capital is 10%. a. What is the NPV of this project? Based on the NPV technique,...
A loan is to be repaid in level installments payable at the end of each year for 7 years. The effective annual interest rate on loan is 4 %. After the 4^th payment the principal remaining is $ 5000. Find the amount of the loan.
A car is purchased for $6,801.95 with $2,000 down and a loan to be repaid at $100 a month for 2 years followed by a balloon payment. If the interest rate is 6% compounded monthly, how large will the balloon payment be? The balloon payment will be $ . (Round to the nearest cent as needed.)
Most questions answered within 3 hours.
-
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 1 second ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 32 minutes ago -
Assume that in the short run L = 1,000 and K = 100. 1. What is...
asked 26 minutes ago -
At a given temperature, 2.06 atm of H2 and 3.7 atm of Br2 are
mixed and...
asked 26 minutes ago -
Sodium reacts with Hydrochloric acid to form sodium chloride and
hydrogen gas. 2Na(s)+ 2 HCl(aq)-> 2...
asked 33 minutes ago -
The following circuits (1 & 2) are combined to form a
series-parallel circuit and resulting circuit...
asked 40 minutes ago -
Feynman's use of path integrals can make some of the transition
from quantum scale to real...
asked 39 minutes ago -
Pb(NO3)2 (aq) + 2 KCl (aq) PbCl2 (s) + 2 KNO3 (aq)
If 54.5mL of 3.82M...
asked 40 minutes ago -
Razeghi (2008) states "In order to succeed at innovation, do not
focus on being creative; rather...
asked 47 minutes ago -
How much heat is required at constant pressure to melt 1 mole of
ice at -25...
asked 49 minutes ago -
Suppose N is a discrete random variable defined by probability
distribution:
n
Pr(N = n)
10...
asked 50 minutes ago -
why are special-interest travelers becoming more important to
tourism service suppliers?
asked 54 minutes ago