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- A debt of $40,000 is repaid over 12 years with payments occurring annually. Interest is 4% compounded quarterly. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 6? (c) What is the interest paid on payment 7? (d) How much principal is repaid in payment 7?A debt of $30,000 is repaid over 12 years with payments occurring quarterly. Interest is 9% compounded semi-annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 10? (c) What is the interest paid on payment 11? (d) How much principal is repaid in payment 11?A debt of $36,000 is repaid over 10 years with payments occurring quarterly. Interest is 8% compounded semi-annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 27? (c) What is the interest paid on payment 28? (d) How much principal is repaid in payment 28?
- A debt of $36,000 is repaid over 12 years with payments occurring monthly. Interest is 12% compounded quarterly. (a) What is the size of the periodic payment? What is the outstanding principal after payment 55? (b) What is the interest paid on payment 56 and How much principal is repaid in payment 56? A debt of $31,000 is repaid over 8 years with payments occurring semi-annually. Interest is 4% compounded quarterly. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 7? (c) What is the interest paid on payment 8? (d) How much principal is repaid in payment 8? (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. What is the balance remaining (BAL) after the second payment? What is the principal repaid (PRN) in the second payment? What is the interest paid (INT) in the second payment?
- A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. 1. What is the balance remaining (BAL) after the first payment? 2. What is the principal repaid (PRN) in the first period? 3. What is the interest paid (INT) in the first period?A debt of $42,000 is repaid over 10 years with payments occurring semi-annually. Interest is 3% compounded quarterly (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 7? (c) What is the interest paid on payment 8? (d) How much principal is repaid in payment 8? CCEED (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A debt of $33,000 is repaid over 13 years with payments occurring monthly. Interest is 10% compounded semi-annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 81? (c) What is the interest paid on payment 82? (d) How much principal is repaid in payment 82? (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The interest paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The principal repaid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- A debt is amortized by monthly payments of $250. Interest is 8% compounded monthly. If the outstanding balance is $3225.68 just after a particular payment (say, the xth payment), what was the balance just after the previous payment (i.e., the (x-1)th payment?3) the end of each year. Interest is 7% compounded semi-annually. A debt of $42 500.00 is repaid by payments of $4850.00 made at 3) a) How many payments are needed to repay the debt? b) What is the cost of the debt for the first three years? c) What is the principal repaid in the 3rd year?A debt of $5643.07 is repaid by payments of $1232.89 in 7 months, $1454.55 in 14 months, and a final payment in 29 months. If interest was 7% compounded semi-annually, what was the amount of the final payment? BEKER