$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?
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$8,000 @ rste of 7.5% compounded semiannually for 8 years? If I borrowed $8000 @ rate...
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...
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...
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...
Monthly payments on a $160,000 mortgage are based on an interest rate of 6.6% compounded semiannually and a 30-year amortization. If a $5000 prepayment is made along with the thirty-second payment: (Do not round the intermediate calculations.) a. How much will the amortization period be shortened? (Round Up to the next whole number.) The amortization period will be shortened by years and month(s). b. What will be the principal balance after four years? (Round your answer to two decimal places.)...
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
Question 13 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How much of payment 12 will go towards paying off principal? $3,271.54 $2,895.84 $3,016.02 $3,141.18
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...
you deposit 4000 in an account that pays 8% interest compounded semiannually. After two years the interest rate is increased to 8.44% compounded quarterly. What will the value of the account after a total of four years
Find the amortization table for a $8,000 loan amortized over 3 years with semianni cent.) if the interest rate is 5.9% per year compounded semiannually. (Round your answers to the nearest End of Period Payment Made Payment Toward Interest Payment Toward Principal Outstanding Principle 8000
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An initial deposit of $8,000 is made into an account earning 6.5% compounded continuously. Thereafter, money is deposited into the account at a constant rate of $2600 per year. Find the amount in this account at any time t. How much is in this account after 5 years? O A. A -52,000e 0.065t-44,000 $27,969.59 $26,433.47 A 44,000e 0065t-3 BA 48,000 065-40.000 $24,897.34 OD. A -60,000e 0.065t -52,000 $31,041.84
An initial deposit of $8,000 is...