How much interest will be paid on 5-year, $50,000 loan if the rate of interest is 7.5% compounded annually? Multiple Choice   $10,791.18   $11,791.18   $12,791.18   $9,791.18   $8,791.18

Q: 4. Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal…

A: Installment = Initial amount / PVAF ( rate, years )

Q: What annual payment is required to pay off a four-year, $29,000 loan if the interest rate being…

A: Loan amount (L) = $29000 Let the annual payment = A Monthly payment = M EAR = r = 7% Let monthly…

Q: you borrow $2,700 at 8% simple interest per year for five years, how much will you have to repay at…

A: interest =p×r×t100where,r=rate of interestp=principal t=years

Q: You just took a $90,000, 10 years loan. The annual percentage rate (APR) is 8%. You are obligated to…

A: Calculation of quarterly payments of the loan. Formula A = P (r (1+r)^n) / ( (1+r)^n -1 ) A =…

Q: Assume that you can get a loan from NCB for $264,500 for three years to buy an item of your…

A: Present Value of Ordinary Annuity refers to the concept which dictates the discounted value of a sum…

Q: Please answer all parts. Question 1) Purchase price: $395,000 Mortgage Amount: 80% LTV, 30 year…

A: Firms require funds to expand their operations. The firm has two options, use its own funds or…

Q: Montross Inc. needs to raise $300,000 for a nine-month term. Montross’s bank has offered to lend…

A: As posted multiple questions we are answering only one question kindly repost the unanswered…

Q: For a $100,000 mortgage for 25 years at a 11.5% rate (monthly payments), find 1) the monthly…

A: Given information : Note : As per the guidelines, only first three parts will be answered.

Q: What amortization payment (in $) would you need to make each month at 24% interest compounded…

A: Amortization means the process of paying the debt. In this method, the amount of principal is the…

Q: Straight bank loan. Right Bank offers EAR loans of 9.07% and requires a monthly payment on all…

A: Using excel PMT function to calculate monthly payment

Q: SIMPLE vs COMPOUND INTEREST Isimp. = P * r * t where P - principal amount (the initial amount you…

A: Simple interest = P * r * t  where P = Principal amount r = rate of interest t = time period…

Q: Compare the monthly payment and total payment for the following pair of $180,000 loan options.…

A: An annuity is a stream of fixed cash flows that occur at regular intervals.The periodic payments on…

Q: You borrow $30,000 for 10 years to pay tuition and fees. The annual interest rate is 12 percent.…

A: Note: Since the payment is being made on monthly basis, the effective rate of interest will be…

Q: Discount loan. Up-Front Bank is now offering a two-year discount loan for 9.8%. Working backwards,…

A: Loan is financial agreement where a person (lender) lends lump-sum money to other person (borrower)…

Q: What is the APR on this loan

A: Interest is the cost of borrowing a loan. It is the excess amount over the principal borrowing.…

Q: A borrower can borrow $10 million at a fixed-rate loan at 7.5% for six years. After some…

A:

Q: You borrow $30,000 for 10 years to pay tuition and fees. The annual interest rate is 12 percent.…

A: Loan amount (P) = $30,000 Interest rate = 12% Monthly interest rate (i) = 12%/12 = 1% Period = 10…

Q: You borrow $160,000; the annual loan payments are $24,368.03 for 30 years. What interest rate are…

A: Calculation of interest rate being charged is shown below: Hence, Interest rate charged is 15%

Q: Straight bank loan. Right Bank offers EAR loans of 8.74% and requires a monthly payment on all…

A: APR is termed as the Annual Percentage Rate which is charged by any of the authorizing institutions…

Q: What is the future value of $700 deposited for one year earning 4 percent interest rate annually?…

A: Future Value = PV × ( 1 + r )n where, PV = Present Value = $700 r = Interest Rate = 4% n = time…

Q: You take out 1 $10,000 loan for 7 years at an annual interest rate of 5% and with fixed annual loan…

A: Borrowed amount is $10,000 Annual interest rate is 5% Payment per year is $1,728.20   To Find:…

Q: .What are the annual payments for a 4-year $4,000 loan if the interest rate is 9% per year? Make up…

A: Let Annual Payment  = A Amount = $ 4000 Rate(r) = 9% Years(n) = 4 Amount  = A [ 1-1/(1+r)^n]/r

Q: onsider a $15,000 loan to be repaid in equal installments at the end of each of the next 5 years.…

A: As per the guidelines in case of multiple question we are supposed to answer only the first…

Q: You get a 25-year loan of Php150,000 with a 8% annual interest rate.  What are the annual payments?…

A: Annual payment of loan can be calculated by using this formula PMT =(PV*r)/[1-1/(1+r)n] Where PMT=…

Q: A $45,000 loan at 8.7% compounded semiannually is to be repaid by semiannual payments of $3,300…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: for theory of interest class: A loan of size L is to be paid off by payments of 2000 each year for…

A: Interest is the amount paid by the borrower of the loan to the lender of the loan along with the…

Q: Use the following information to answer the next 3 questions. $280,000 Loan Amount 30 year loan with…

A: To convert the time period in months, multiply it by 12 To convert interest monthly, divide it by 12…

Q: Question: You are considering borrowing $10,000 for 3 years at an annual interest rate of 6%. The…

A: Answer Borrowing = $10,000 Annual interest = 6% Time = 3 year

Q: A loan is to be repaid by $1250 in 1.5 years and $1750 in three years and three months . The…

A: Given information: Loan to be repaid is $1,250, Number of years is 1.5 Outstanding loan amount is…

Q: Consider a 30-year fixed-rate home loan of $565,500 with an interest rate of 4.25%. What is the…

A: Loan amount (P) = $565,500 Interest rate (r) = 4.25% Period (t) = 30  years

Q: lculate the APR of a loan for $9,775 (which includes loan fees of $210), at 13% for 4 years. Round…

A: APR is annual percentage rate applicable on loan. The given problem can be solved using PMT and RATE…

Q: Question: Thank you Suppose that you have borrowed $250,000 in the form of a 30-year loan with an…

A: Note - Since you have asked multiple question, we will solve the first question for you. If you want…

Q: A borrower can borrow $10 million for six years. Assume the current LIBOR rate is 7%. After some…

A: As the question is incomplete, based on options given calculating amount of interest paid under…

Q: Problem:  Please answer the following questions regarding a $300,000 Mortgage Loan with monthly…

A: Amortized loan: It is the type of loan where the borrower would pay the periodic equal payment…

Q: The other photo is the example of the format of the supposed answer (solution and Excel). Thank you…

A: Information Provided: Loan amount (P) = 1,400,500.00 Interest rate (j) = 5+1/8% = 5.125% Years (t)…

Q: Dinero Bank offers you a $39,000, 8-year term loan at 7 percent annual interest. Required: What will…

A: Annual loan payment = (Loan amount x r)/[1 - (1 + r)-n]

Q: A 30 year, monthly payment ARM has the following characteristics: loan amount = $135,000, index…

A:

Q: What are the annual payments necessary to pay a $1,000,000, 12-year loan if the loan rate is 8 %?…

A: Annual payment necessary to pay off the loan is calculated with the help of present value of annuity…

Q: 1) Five years ago, you borrowed $250,000 for a ten-year period at a fixed interest rate of 9% p.a.…

A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the first…

Q: BDO offers you a $30,000, seven-year term loan at 9% annual interest. What will your annual loan…

A: Loan = 30,000 Interest Rate = 9% N = 7 years