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- Q. Jayden borrows $10500 from his grandmother for 4 years. Jayden’s grandmother gives Jayden a simple annual interest loan at 4.5% interest. How much will Jayden need to repay grandma in interest? How much in total will Jayden pay? Answer it only using Excel spreadsheet showing all formula. I will really upvote. Thanks Please don't give me answer without using ExcelSIMPLE INTERESTConstruct a time diagram showing the solution of these obligations.José has a loan with a local bank for $ 3,000.00 with 8% annual interest maturing in 15 months. Also, he owes Carlos $ 1,000.00 with 6% annual interest maturing in 5 months. In addition, I asked Ricardo to buy me a computer that costs $ 1,500.00 knowing that he pays a VAT and also charges me 3% annual interest until I pay him the debt. José makes a new agreement to pay his debt in two payments, a payment of $ 800.00 at 7 months and the rest is canceled at 12 months assuming a yield of 4% per year, taking 12 months as the focal date.H3. Margo borrows $700, agreeing to pay it back with 5% annual interest after 13 months. How much interest will she pay? Show proper step by step calculation
- Alexei finances her purchase of a $900 television. Her one-year loan has a fixed annual interest rate of 2.5%. Which equation correctly calculates Alexei's monthly payment? 12.0.025 М — -12-1 900 1-(1+ ) 0.025 900-0.025 M -12.1 12 12 1- (1+ 0.025 900.0.025 M = -12-1 0.025 12 1-(1+ 12 12.0.025 M -12.1 900 1- 12 1+ 0.025Wilma borrows $10,000 from "Jaw Breaker Joe" and promises to repay Joe a total of $10,500 in one month. What is the effective annual interest rate charged by Joe? 5.00% 60.00% 79.59% 179.59%Jonny Walker purchases his first condominium downtown Toronto by obtaining a $200,000 mortgage loan from Borrowers Are Us Inc. Jonny Walker agrees to make monthly payments of $1,200. The interest rate applied to the unpaid balance is 6% per year.Prepare the amortization schedule to be used for this loan. What is the value of interest for month 3? Multiple Choice We need the effective interest rate to calculate this amount We need the coupon rate to calculate this amount $998 $1,000 $1,200
- Eren Yeager borrows $100 000 to buy his dream home at an interest rate of 12% p.a. compounding quarterly with quarterly repayments. If the loan is over 20 years, what will be his repayments? Select one: a. $2 754.17 b. $3 311.17 c. $3 451.17 d. $2 932.17Ciana wants to take out a $7,500 loan with a 5.3% APR. She can afford to pay $128 per month for loan payments. 22. What should be the length of her loan? Round to the nearest tenth of a year.a. 5.5 yearsb. 5.6 yearsc. 5.7 yearsd. 5.8 years 23. How would an increase of $20 to her monthly payment affect the length of her loan?a. 0.9 years moreb. 0.9 years lessc. 0.8 years lessd. 0.8 years moreQuestion 5: JJ takes out a conventional loan to purchase a car. The interest rate is 6.8% compounded monthly and JJ has six years to repay the $10,000 they borrowed. What are JJ's monthly payments?