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Use excel to answer 30000 0.12 5 Loan Term Find Payment Payment Find total paid Interest...
Loan interest for the loan amount interest rate, annual payment, and loan term shown in the following table calculate the annual interest paid each year over the term of the can assurning that the payments are made at the end of each year. Ineren Sucun 818.000 ALU parlent $1.1.192.20 Term 1 years The portion of preyriellal is applied interest in year 'l is $ Round cheriegrelcer.) Eriler your answer in the answer box and then click Check Answer
Loan interest For the loan amount, interest rate, annual payment, and loan term shown in the following table, calculate the annual interest paid each year over the term of the loan, assuming that the payments are made at the end of each year. Amount Interest rate $27,0009 % Annual payment $8,334.05 Term 4 years The portion of the payment that is applied to interest in year 1 is $2430. (Round to the nearest cent.) The portion of the payment that...
Find the total monthly payment, including taxes and insurance. Mortgage $69.000 Interest Rate 5% Term of Loan 25 years Annual Taxes $545 Annual Insurance $239 The total monthly payment is $ (Round to the nearest cent as needed.)
Loan interest For the loan amount, interest rate, annual payment, and loan term shown in the following table, calculate the annual interest paid each year over the term of the loan, assuming that the payments are made at the end of each year. Amount $24,000 Interest rate 13% Annual payment $8,068.66 Term 4 years The portion of the payment that is applied to interest in year 1 is $ . (Round to the nearest cent.)
A thirty year monthly payment mortgage loan for 500,000 is offered at a nominal rate of 8.4% convertible monthly. Find thea) Monthly payment,b) The total principal and interest that would be paid on the loan over 30 years c) The balance in 5 years andd) The principal and interest paid over the first 5 years.
please use excel functions 8. What is the payment in month 13 on a CAM loan for $150,000 with a maturity of 15 years at 5.85%? Answer Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount 9. What is the interest paid in month 14 on the loan in the previous question? Answer Loan Amount Years Periods Per Year Payment Month at Issue Here Interest Rate Constant Amortization Amount
A person borrowed $30000 to finance the purchase of a new vehicle. The loan will be paid off in 5 years, and the borrowing interest rate is 6%. The person is required to make monthly payments to the loan. What is the amount of monthly payment? N (number of loan payments) = I (monthly interest rate) = % PV (amount borrowed) = FV (ending loan balance) = PMT (required monthly payment) =
A 65,000 annual payment loan is made for a term of 10 years at 7.3% interest. The lender wants only payments of interest until the end of year 10 when the 65,000 must be repaid. The borrower will make level annual year-end payments to a sinking fund earning 4.8%. Find the level sinking fund deposit and the balance in the sinking fund at time 5. find the total payment and the principal in the 6th payment.
Use the add-on method of calculating interest to find the total interest and the monthly payment of a $750 loan for 20 months at 9.7%. The total interest is $:
Please use excel functions 6. What is the payment in month 234 on a 30-year loan for $925,000 at 4.85% that requires no payments during the first five years and fully amortizing payments for the remaining years of the loan? Answer Loan Amount Years Periods Per Year Interest Rate Balance at EOM 60 Total Amortization Years 7 What is the balloon nayment du at maturity for a 10-year loan for $325 000 at 5 9507 if