An amortized loan is repaid with annual payments which start at $550 at the end of the first year and increase by $ 50 each year
until a payment of $ 2,000 is made, after which they cease. If interest rate is 4% effective, find the amount of principal in the tenth
payment.
would prefer to understand the financial mathematics behind obtaining the solution, not using excel spreadsheet or financial calculator online
An amortized loan is repaid with annual payments which start at $550 at the end of...
Explain without excel (3) An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,480 is made, after which they cease. If interest is 4% effective, find the amount of principal in the fourteenth payment.
** USE FORMULA TO SOLVE THIS PROBLEM (NO EXCEL PLEASE!!!) (3) An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,480 is made, after which they cease. If interest is 4% effective, find the amount of principal in the fourteenth payment
A loan is being amortized by means of level monthly payments at an annual effective interest rate of 8%. The amount of principal repaid in the 12th payment is 1000 and the amount of principal repaid in the eth payment is 3700. Calculate t.
5) A loan is being repaid by 2n level payments (with the first payment 1 period after the start of the loan) at an effective interest rate of j per period. Just after the nth payment, the outstanding balance on the loan is 3/4 of the initial outstanding balance on the loan. a) Find vj". b) What is the ratio of interest to principal reduction in the n+1st payment? (i.e In+1/PR.n+1)
A loan is repaid with annual year-end payments of 15,000. The effective rate of interest is 3%. How much interest is paid in the final payment? Note: you are not given the original amount of the loan nor are you given the number of payments. This problem, however, can be solved.
A 10-year loan in the amount of $238,000 is to be repaid in equal annual payments. The interest rate is 7 percent, compounded annually. What is the amount of interest that is included in the loan payment for Year 3? PLEASE HELP WITH EXCEL FUNCTION
A 5-year loan in the amount of $48,000 is to be repaid in equal annual payments. What is the remaining principal balance after the third payment if the interest rate is 5 percent, compounded annually?
the answer is 124.72 5. A loan of 1,000 is to be repaid by annual payments of 100 to commence at the end of the fifth year and to continue thereafter for as long as necessary. The effective rate of discount is 5%. Find the amount of the final payment if it is to be larger than the regular payments.
A loan of 100,000 is to be repaid in 4 level annual payments starting one year after the loan date. For the first 2 years, the annual interest rate is 8%; for the last 2 years, the annual interest rate is 4%. Find the annual payment and complete the loan amortization table. t Payment Interest Due Principal Repaid Outstanding Balance 0 100,000 1 2 3 4
Problem 3. A loan of $10,000 is being repaid with payments of $1,000 at the end of each year for 20 years. If each payment is immediately reinvested at 5% effective, find the effective annual rate of interest earned by the lender over the 20-year period.