Krista borrowed $17,432 The loan is to be repaid by three equal payments due in 80, 154, and 263 days from now respectively Determine the size of the equal payments at an interest rate of 7% with a focal date of today The size of the equal payments is $ (Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed)

Krista borrowed $17,432 The loan is to be repaid by three equal payments due in 80, 154, and 263 days from now respectively Determine the size of the equal payments at an interest rate of 7% with a focal date of today The size of the equal payments is $ (Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Dan borrowed $1802.00 today and is to repay the loan in two equal payments. The first payment is in two months, and the second payment is in nine months. If interest is 5% per annum on the loan, what is the size of the equal payments? Use today as the focal date. The size of the equal payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Enter vne n
D K Dan borrowed $906.00 today and is to repay the loan in two equal payments. The first payment is in three months, and the second payment is in nine months. If interest is 5% per annum on the loan, what is the size of the equal payments? Use today as the focal date. The size of the equal payments is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Krista borrowed 15,268. The loan is to be repaid by three equal payments due in 52, 146, and 261 days from now respectively. Determine the size of the equal payments at an interest rate of 4 % with a focal date of today.
A loan of $5000 is to be repaid in three equal installments due 60, 120, and 180 days after the date of the loan. If the focal date is the date of the loan and interest is 6.9% pa. compute the amount of the installments The amount of each payment is $ (Round the final answer to the nearest cent es needed. Round all intermediate values to six decimal places as needed.)
Dan borrowed $1496.00 today and is to repay the loan in two equal payments. The first payment is in three months, and the second payment is in eleven months. If interest is 7% per annum on the loan, what is the size of the equal payments? Use today as the focal date. The size of the equal payments is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Label all final answers with the correct units, if applicable. Unless otherwise stated, use 4 decimal places for intermediate computations of interest rates (if needed) then round off final answers to two decimal places. For monetary amounts, use 2 decimal places even for intermediate computations. 5. Juan takes out a 3-year multi-purpose loan for P200,000 from a loaning institution. The annual interest rate is 12.0% compounded monthly. a. Determine the monthly amortization for this loan. b. How much does he still owe after paying 6 installments? Show the table of diminishing balances as part of your solution. c. Due to the pandemic, the loaning institution offered a loan restructuring program in which a bor- rower's current loan balance can be recomputed with a reduced annual interest rate of 9.0%, with payment terms of up to 5 years. Juan decides to avail of this program. If he will pay off the remainder of his loan within 30 months, what will be his monthly installment under this…
Compute the size of the final payment for the following loan. Perlodic Principal S Payment $ 9900 Payment Period 6 months Payment Interest Rate Compounding Made at: beginning Period semi-annually 520 The size of the final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to sox decimal places as needed.)
A loan of $2766 borrowed today is to be repaid in three equal installments due in two years, three years, and six years, respectively. What is the size of the equal installments if money is worth 7.7% compounded annually? The payments are each $ ☐ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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