What annual rate of return is implied on a $2,500 loan taken next year when $4,625 must be repaid in year 5? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
r = (FV / PV)^(1/t) - 1
r = ($4,625 / $2,500)^(1/4) - 1
r = 0.1663 or 16.63%
What annual rate of return is implied on a $2,500 loan taken next year when $4,625...
What annual rate of return is implied on a $2,500 loan taken next year when $3,625 must be repaid in year 4? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Find Annual rate of return %
Solving for Rates What annual rate of return is implied on a $2,000 loan taken next year when $4,500 must be repaid in year 10? Multiple Choice 8.45% 13.89% 9.43% 12.50%
MC Qu. 19 Solving for Rates What annual rate of return is implied on a Sam... Solving for Rates What annual rate of return is implied on a $2.200 loan taken next year when 55.100 must be repaid in year 11? Multiple Choice Problem 5-54 Loan Balance (LG5-9) Hank purchased a car for $25,000 two years ago using a 4-year loan with an interest rate of 6.0 percent. He has decided that he would sell the car now, if he...
What annual rate of return is earned on a $4,000 investment made in year 5 when it grows to $8,200 by the end of year 8? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
What annual rate of return is earned on a $5,000 investment when it grows to $9,000 in five years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Dinero Bank offers you a five-year loan for $51,000 at an annual interest rate of 8.5 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Annual loan payment $
What annual rate of return is earned on a $5,000 investment when it grows to $10,250 in five years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Please show step by step
You borrow $1,000 from the bank and agree to repay the loan over the next year in 12 equal monthly payments of $90. However, the bank also charges you a loan initiation fee of $28, which is taken out of the initial proceeds of the loan. What is the effective annual interest rate on the loan, taking account of the impact of the initiation fee? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal...
Consider this incomplete amortization schedule for a five-year loan of $71,500. The interest rate (r) is 7 percent compounded annually, and the loan calls for equal annual payments at the end of each year, starting with year 1. Answer all of the following questions based on this information. Quantity Year 0 ye 1 2 3 4 5 BOP Balance NA Loan Payment NA Interest portion NA Amortization NA EOP Balance $71,500 What is the BOP balance in year 2? (Do...
Prescott Bank offers you a five-year loan for $66,000 at an annual interest rate of 7.5 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)