Ramon is approved for a 8 year loan of 45,000 at nominal rate of interest convertible...
Ramon is approved for a 8 year loan of 45,000 at nominal rate of interest convertible semiannually of 8.2432 percent. He will be making monthly payments at the end of each month.
a. What is his monthly payment?
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Ramon is approved for a 8 year loan of 45,000 at nominal rate of
interest convertible...
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Ralph has just borrowed 1780
dollars to purchase a new stereo, at a nominal rate of interest of
11.6 percent convertible monthly. Although he is charged interest
from the moment he borrows the money, the first payment is not due
for 9 months. If he will make 24 monthly payments, how much
interest is in the 17th payment?
ANNUITIES: Problem5 Prev Up Next (1 pt) Ralph has just borrowed 1780 dollars to purchase a new stereo, at a nominal rate...
3, Jimmy takes out a $50,000 mortgage on a home at a 5.6% interest rate convertible...
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If the nominal annual rate of interest convertible monthly is 2% find the corresponding equivalent nominal annual rate of discount convertible semiannually.
John takes out a 50 000 mortgage on a home at 12 72 % convertible semiannually....
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Ralph has just borrowed 1780
dollars to purchase a new stereo, at a nominal rate of interest of
11.6 percent convertible monthly. Although he is charged interest
from the moment he borrows the money, the first payment is not due
for 9 months. If he will make 24 monthly payments, how much
interest is in the 17th payment?
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