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compounding Find the payment amount p needed to amortize the given loan amount. Assume that a...
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 a 12% loan of $1000 compounded quarterly, with 17 quarterly payments. The payment size is $ . (Round to the nearest cent.)
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P = 180,000, r = 5.5, t = 28, m = 4
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000, r = 5, t = 13, m =6
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r %/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000, r = 5, t = 13, m =6
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 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 monthly payment needed to amortize a typical $95,000 mortgage loan amortized over 30 years at an annual interest rate of 6.9% compounded monthly (Round your answers to the nearest cent.) $623.67 X Enter a number Find the total interest paid on the loan. Anther Vansion
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...
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.