Homework Answers
| $853.02 = 100*PVIFA(r,10), where r = the monthly interest |
| rate. |
| Solving for PVIFA(r.10) = 8.5302 |
| This interest factor of 8.5302 correstponds to n= 10 and r = 3%. |
| Hence, |
| Answer: [d] 3.00% |
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please show work 0/1 point Fiddler Company has a loan balance of $853.02 and must make...
Please show all work and explain 6) You just took out $200,000 mortgage. You must make...
Please show all work and explain
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Please show work possible. Thank you very much.
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13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
Please show formula(s) and work. Problem 1: You take out an amortized loan for $10,000. The...
Please show formula(s) and work.
Problem 1: You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule.
Please show work. has 3 loans in its capital structure. Loan #1 has a balance of...
Please show work.
has 3 loans in its capital structure. Loan #1 has a balance of $105,000 with an 10. ChaCha Incorporated interest rate of 6%. Loan #2 has a balance of $77,000 with an interest rate of 4%. Loan #3 has a balance of $163,000 with an interest rate of 6%, what is Cha Cha, Incorporated's average interest rate on its uteres bearing debt? (hint: this is a weighted average)
please show all steps 2. You have borrowed a loan form bank for $400,000 to finance...
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Question 7 (1 point) A mortgage company offers to lend you $250,000; the loan calls for monthly payments for 15 years with monthly interest rate of 0.5%. At the end of year one you plan to prepay $25,000. Assume the same monthly mortgage payment, the life of the mortgage will be shorten from the original 15 years to a) 11 years and 8 months. b) 12 years and 2 months. c) 12 years and 11 months. d) 13 years and...
Please show work possible. Thank you very much.
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. January February March Cash Receipts $518,000 406,000 453,000 Cash payments $ 459,300 347,300 523,000 According to a credit agreement with its bank, Kayak requires a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed...
of 10 | Page 5 of 10 5 (1 point) A loan of $45,000 at 8% compounded quarterly is to be amortized over four years with equal payments made at the end of every three months. How much interest will be paid over the entire amortization period? Question 6 (1 point) A car loan is to be repaid by oqual monthly payments for four years. The interest rate is 7.2% compounded monthly and the amount borrowed is $17,355. How much...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
Please show formula(s) and work.
Problem 1: You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule.
Please show work.
has 3 loans in its capital structure. Loan #1 has a balance of $105,000 with an 10. ChaCha Incorporated interest rate of 6%. Loan #2 has a balance of $77,000 with an interest rate of 4%. Loan #3 has a balance of $163,000 with an interest rate of 6%, what is Cha Cha, Incorporated's average interest rate on its uteres bearing debt? (hint: this is a weighted average)
please show all steps
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