QUESTION 5 Find the monthly house payment necessary to amortize the following loan. In order to...

Question

Question

Answer 1

Answer #1

loan amount L= $40000 months c- interest 7ate per pnd NEISXI2 180 and 02625 O6021875 12 Fosmula pL 0.00 2115 .(1-00 21875) 40

Answer 2

Similar Homework Help Questions

please ans asap..... Find the payment necessary to amortize the loan. $11,100, 12% compounded monthly: 48...

please ans asap..... Find the payment necessary to amortize the loan. $11,100, 12% compounded monthly: 48 monthly payments OA. $287.65 OB. $1,337.80 O C. $292.51 OD. $292.31
Find the payment necessary to amortize a 4.9% loan of $7300 compounded semiannually, with 6 semiannual...

Find the payment necessary to amortize a 4.9% loan of $7300 compounded semiannually, with 6 semiannual payments. Find (a) the payment necessary to amortize the loan and (b) the total payments and the total amount of interest paid based on the calculated semiannual payments. Then create an amortization table to find (c) the total payments and total amount of interest paid based upon the amortization table a. The semiannual payment needed to amortize this loan is $ (Round to the...
Find the payment necessary to amortize the following loan. $7400, 8.6% semiannually; 36 semiannual payments...

Find the payment necessary to amortize the following loan. $7400, 8.6% semiannually; 36 semiannual payments The payment is$?

Find the payment necessary to amortize a 8% loan of $600 compounded quarterly, with 12 quarterly...

Find the payment necessary to amortize a 8% loan of $600 compounded quarterly, with 12 quarterly payments.
Find the payment necessary to amortize the following loan. $7900; 8.6% compounded semiannually; 18 semiannual payments...

Find the payment necessary to amortize the following loan. $7900; 8.6% compounded semiannually; 18 semiannual payments The payment is $.............. (Round to the nearest cent as needed.
Find the payment necessary to amortize a 4% loan of $1500 compounded quarterly, with 12 quarterly...

Find the payment necessary to amortize a 4% loan of $1500 compounded quarterly, with 12 quarterly payments.

Find the payment necessary to amortize a 12% loan of $1000 compounded quarterly, with 17 quarterly...

Find the payment necessary to amortize a 12% loan of $1000 compounded quarterly, with 17 quarterly payments. The payment size is $ . (Round to the nearest cent.)
Find the monthly payment needed to amortize a typical $115,000 mortgage loan amortized over 30 years...

Find the monthly payment needed to amortize a typical $115,000 mortgage loan amortized over 30 years at an annual interest rate of 5.3% compounded monthly. (Round your answers to the nearest cent.) $ Find the total interest paid on the loan. $
Find the monthly payment needed to amortize a typical $205,000 mortgage loan amortized over 30 years...

Find the monthly payment needed to amortize a typical $205,000 mortgage loan amortized over 30 years at an annual interest rate of 7.1% compounded monthly. (Round your answers to the nearest cent.) a) $ b) Find the total interest paid on the loan. $

Find the periodic payment R required to amortize a loan of dollars over t yr with...

Find the periodic payment R required to amortize a loan of dollars over t yr with interest charged at the rate of %/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000,- 2, t = 20, m - 4 $ Enter a number HTT Read it Talk to Tutor Submit Answer 2. (-/0.1 Points] DETAILS TANAPMATHS 4.3.008. MY NOTES PRACTICE ANOTHER Find the periodic payment R required to amortize a loan of P dollars...