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Find the payment necessary to amortize a 12% loan of $1000 compounded quarterly, with 17 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 8% loan of $600 compounded quarterly, with 12 quarterly payments.
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. $7900; 8.6% compounded semiannually; 18 semiannual payments The payment is $.............. (Round to the nearest cent as needed.
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
compounding Find the payment amount p needed to amortize the given loan amount. Assume that a payment is made in each of the periods per year P = $16,000; -5.4%;t=6yr, compounded quarterly What is the correct formula for this situation? 00. p[14()" OD. Aup (14) Find the quarterly payment p=$ (Round to the nearest cent as needed.)
1.-Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $15,500 at 3.7% for 6 years $ 2.- A MasterCard statement shows a balance of $510 at 13.5% compounded monthly. What monthly payment will pay off this debt in 1 year 10 months? (Round your answer to the nearest cent.) $ 3.- Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 7 years of monthly payments on...
4. A loan of $14,000 with interest at 12% compounded annually is repaid by payments of $856.00 made at the end of every month. (a) How many payments will be required to amortize the loan? (b) If the loan is repaid in full in 1 year, what is the payout figure? (c) If paid out, what is the total cost of the loan? (a) The number of payments required to amortize the loan is (Round up to the nearest whole...
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 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. $