You took out a student loan in college and now have to pay $1,600 every year...
You took out a student loan in college and now have to pay $1,600 every year for 10 years, starting one year from now. The annual interest rate on the loan is 4%.
Attempt 1/5 for 10 pts.
Part 1
What is the present value of the 10 yearly payments?
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You took out a student loan in college and now have to pay
$1,600 every year...
You took out a student loan in college and now have to pay $1,600 every year for 10 years, starting one year from now. T...
You took out a student loan in college and now have to pay $1,600 every year for 10 years, starting one year from now. The annual interest rate on the loan is 4%. Attempt 1/5 for 10 pts. Part 1 What is the present value of the 10 yearly payments?
You took out some student loans in college and now owe $12,000. You consolidated the loans into one amortizing loan, whi...
You took out some student loans in college and now owe $12,000. You consolidated the loans into one amortizing loan, which has an annual interest rate of 6% (APR). Attempt 1/5 for 10 pts. Part 1 If you make monthly payments of $200, how many months will it take to pay off the loan? Fractional values are acceptable.
You took out some student loans in college and now owe $12,000. You consolidated the loans...
You took out some student loans in college and now owe $12,000. You consolidated the loans into one amortizing loan, which has an annual interest rate of 4% (APR). Attempt 1/5 for 10 pts. Part 1 If you make monthly payments of $200, how many months will it take to pay off the loan? Fractional values are acceptable.
Caitlyn took out a $36,000 student loan with a fixed interest rate to pay for college....
Caitlyn took out a $36,000 student loan with a fixed interest rate to pay for college. Caitlyn did not make payments on her loan for a period of 9 years. After this time period interest had accrued, resulting in the loan balance increasing to $63,000. What is is the 9-year growth factor for the amount that Caitlyn owes on the loan? What is the 9-year percent change for the amount that Caitlyn owes on the loan? % What is...
Erica took out a $30,000 student loan with a fixed interest rate to pay for college....
Erica took out a $30,000 student loan with a fixed interest rate to pay for college. Erica did not make payments on her loan for a period of 9 years. After this time period interest had accrued, resulting in the loan balance increasing to $59,000. a. What is is the 9-year growth factor for the amount that Erica owes on the loan? Preview b. What is the 9-year percent change for the amount that Erica owes on the loan? %...
Problem 9 Intro You took out a loan to buy a new car. The monthly interest...
Problem 9 Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 2.5%. You have to pay $280 every month for 60 months. Part 1 B Attempt 1/10 for 8 pts. What is the present value of the cash flows if it's an ordinary annuity? No decimals Submit Part 2 What is the future value of the cash flows if it's an ordinary annuity? 8 - Attempt 1 /10 for 8...
Problem 17 Intro You took out a mortgage for $300,000. You need to pay $2,937 every...
Problem 17 Intro You took out a mortgage for $300,000. You need to pay $2,937 every month for 15 years. Attempt 3/10 for 10 pts. Part 1 What is the monthly interest rate? 4+ decimals Submit
Compare three student loans for $80,000 for 4 years of college. Compare varying student loan offers,...
Compare three student loans for $80,000 for 4 years of college. Compare varying student loan offers, their monthly payments and total repayment cost. Three possible examples: Student 1) immediately. A loan at fixed 6.25% that you pay for 10 years starting right away as a normal installment loan, Student 2) Pay interest only. Pay interest at fixed 6.25% for the four years you are in college. Then for 6 years after college, pay the loan as a 6 year installment...
Suppose you take out a car loan that requires you to pay $9,000 now, $3,000 at...
Suppose you take out a car loan that requires you to pay $9,000 now, $3,000 at the end of year 1, and 56,000 at the end of year 2. The interest rate is 1% now and increases to 7% in the next year. What is the present value of the payments? Enter your response below rounded to 2 decimal places Number Suppose you will receive payments of $2,000, S7,000, and $8,000 in 3, 6, and 7 year(s) from now, respectively....
When you purchased your car, you took out a five-year annual payment loan with an interest...
When you purchased your car, you took out a five-year annual payment loan with an interest rate of 6.1% per year. The annual payment on the car is 5,500. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned...
Erica took out a $30,000 student loan with a fixed interest rate to pay for college. Erica did not make payments on her loan for a period of 9 years. After this time period interest had accrued, resulting in the loan balance increasing to $59,000. a. What is is the 9-year growth factor for the amount that Erica owes on the loan? Preview b. What is the 9-year percent change for the amount that Erica owes on the loan? %...
Problem 9 Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 2.5%. You have to pay $280 every month for 60 months. Part 1 B Attempt 1/10 for 8 pts. What is the present value of the cash flows if it's an ordinary annuity? No decimals Submit Part 2 What is the future value of the cash flows if it's an ordinary annuity? 8 - Attempt 1 /10 for 8...
Problem 17 Intro You took out a mortgage for $300,000. You need to pay $2,937 every month for 15 years. Attempt 3/10 for 10 pts. Part 1 What is the monthly interest rate? 4+ decimals Submit
Suppose you take out a car loan that requires you to pay $9,000 now, $3,000 at the end of year 1, and 56,000 at the end of year 2. The interest rate is 1% now and increases to 7% in the next year. What is the present value of the payments? Enter your response below rounded to 2 decimal places Number Suppose you will receive payments of $2,000, S7,000, and $8,000 in 3, 6, and 7 year(s) from now, respectively....
When you purchased your car, you took out a five-year annual payment loan with an interest rate of 6.1% per year. The annual payment on the car is 5,500. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned...
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