a 5-year $10,000 loan requiring monthly payments at a fixed rate of 9% is amortized into five-year monthly payments. How much is the monthly payment?       $711.11     $312,55     $677.33     $207.58     $234     $678.90     $333.14     $450

Find the payment necessary to amortize the loan.$2500; 6% compounded annually;  7 annual payments

A loan of $25,000 at an annual rate of 14% is repayable through 5 annual year-end payments. The annual payment amount is close to: Answer A. $7,282 B. $5,000 C. $3,500 D. $8156

1) A 20-year loan of $1,100 at an effective annual interest rate of 7% is repaid with payments at the end of each year. Each of the first ten payments equals 150% of the amount of interest due. Immediately after the tenth payment, you take out a 10 year loan with payments $100 at the end of each year and effective annual interest rate of i and use this loan to pay off your original loan. Find i.

A store amortizes a $75,000 loan at 10% compounded quarterly with quartlerly payments of $2985.72 for 10 years. How much will be the unpaid balance after 7 years?

9. A company borrows 1,000,000 at an annual effective discount rate of 4%. The loan is to be repaid with n annual payments of 100,000 plus a drop payment one year after the nth payment. The first payment is due two years after the loan is taken out. Calculate the amount of the drop payment. A 87.072.14 B 90,700.14 C 94,479.31 D 98,415.95 E 99,999.99

A loan of $ 10,000 is amortized by equal annual payments for 30 years at an effective annual interest rate of 10 % Determine the year in which the interest portion of the payment is most nearly equal to one-half of the payment. The year that the interest portion of payment is most nearly equal to one-half of the payment= ?

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A car loan is taken for $22,000 to be paid back in 5 years, with monthly payments of $457. What nominal annual interest rate is being charged in this loan? 10.99% 9.00% 1.25% 0.75%

A demand loan for $8955.33 with interest at 9.3% compounded semi-annually is repaid after 8 years, 8 months. What is the amount of interest paid? The amount of interest is $