A construction company takes a loan of $535,000 to cover the cost of a new grader. If the interest rate is 6.7​% ​APR, and payments are made monthly for five​years, what percentage of the outstanding principal does the company pay in interest each​ month?   A. 0.66​%   B. 5.58​%   C. 0.51​%   D. 0.61​%   E. 0.56​%

Q: A $31,000 new car loan is taken out with the terms 3​% APR for 48 months. How much are monthly…

A: Loan amount (PV)=$31,000 Rate per period (i)=0.0312=0.0025 Duration (n)=48 periods Monthly amount…

Q: Lush Gardens Co. bought a new truck for $68,000. It paid $6,800 of this amount as a down payment and…

A: Here, Particulars Values Price of new truck  $ 68,000.00 Down payment  $6,800.00 Loan…

Q: An installment contract for the purchase of a car requires payments of $311.25 at the end of each…

A: The amount financed for the car is approximately $16,900.60. The total interest cost over the 5…

Q: A house is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every…

A: Price of house $1,00,000         Less: Down payment  $30,000         Loan Amount $70,000…

Q: An auto repair shop borrowed $15,000 to be repaid by semi-annual payments over 8 years. Interest on…

A: Interest rate (i): 12% per year, compounded semi-annually, so it's 6% per period.Number of periods…

Q: A building is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every…

A: The number of months required to pay the amount can be calculated with the help of NPER function of…

Q: A company borrows $2,000,000 at 12% interest per year. If the company repays the loan in full in one…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: me total paid, and the total interest paid. onths, com

A: Annuity: this is used in case of a future annuity – suppose an equal sum of money is invested in the…

Q: A business valued at $100,000 is purchased for a down payment of 30% and payments of 3000 at the end…

A: Given The amount of business is $100,000 Rate of interest is 10% compounded monthly

Q: An apartment sells for BRL 675,000, with 25% down payment and the remainder financed by the PRICE…

A: The process of fixing loan payments at a fixed rate every month is called loan amortization. Equal…

Q: A car loan is taken for $20,000 to be paid back in 6 years, with monthly payments of $304. What…

A: We need to use RATE function in excel to calculate annual rate to be charged on loan. The formula is…

Q: 0 down payment and 10 quarterly instaliments, the due at the end of the first year after purchase.…

A: The discounting formula is one plus discount rate divided by a number of year's whole raise to the…

Q: A loan of $60000 at j4 = 6% is to be repaid over 20 years with semi-annual payments. a) How much…

A: Amortization refers to the systematic and regular repayment of the loan amount including the…

Q: Listen A trucking firm purchased two B-train trucks for $325 000. It paid 20% as a down payment and…

A: The actual cost of two B-train trucks is $325,000 and the down payment is 20% of the actual cost.The…

Q: An auto repair shop borrowed $18,000 to be repaid by quarterly payments over 7 year (a) What is the…

A: Loan repayment refers to an amount that is paid at every periodic period including principal and…

Q: South Penn Trucking is financing a new truck with a loan of $10,000 to be repaid in 5 annual…

A: Here,Loan Amount is $10,000Annual Installment is $2,504.56Time Period is 5 years

Q: A $40,000 new car loan is taken out with the terms 12% APR for 48 months. How much are monthly…

A: New car loan = $40,000 APR = 12% Time period = 48 Months

Q: To finance the development of a new product, a company borrowed $29,000 at 7% compounded monthly. If…

A: Compound Interest The type of interest that helps build wealth quickly is called compounding.…

Q: company borrowed P45,200 from a savings and loan association that charges 14% converted quarterly.…

A: Loan are paid by the equal periodic payments that carry the payment for interest payment and also…

Q: company makes payments of $1,600 at the end of every month, how long will it take to settle the…

A: Loan: It is the amount of credit taken by the borrower for a period from the lender. The lender…

Q: If a $27,000 loan is repaid by end of month payments of $640 and interest is at 9% compounded…

A: Loan amount = $ 27000 Monthly payment = $ 640 Interest rate = 9% Monthly interest rate = 9%/12 =…

Q: An installment contract for the purchase of a car requires payments of ​$217.43 at the end of each…

A: Interest expenses The amount that the borrower pays for the funds borrowed is called the interest…

Q: A loan of $16,000 with interest at 10% compounded semi-annually is repaid in 9 years by equal…

A: A loan is a financial arrangement between two parties in which one party borrows funds at a…

Q: A 10-year $14,600,000 long-term loan from the American Bank. The loan has the following terms: a.…

A: A. Normally companies debt to equity ratio should be either equal or below 2:1 B. Due to high raise…

Q: Bronco Repairs borrowed $15 000 from National Credit Union at 10% compounded quarterly. The loan…

A: Given, Loan = $15000 Interest per period = 10%/4 = 2.5% n = 6.581682 pmt = 2500

Q: General Computers Inc. purchased a computer server for $60,500. It paid 45.00% of the value as a…

A: An amortized bond is one in which, during the course of the bond's existence, both the principal (or…

Q: $2300 made at the end of each 6 months, construct a partial amortization schedule showing the last…

A:

Q: A business loan was paid off with payments of ${A} at the beginning of every year for {B} years. If…

A: An amount of $A is paid for B years at a rate of D% compounded monthly. Payments are made at the…

Q: A business loan worth Php 1,000,000 is to be repaid quarterly in 2 years . The interest rate is 10%…

A: in this we have to find present value FACTOR and find quarterly payment and solve remaining part.

Q: A business loan of 800,000 is to be repaid in full after 2 year. What is the amount to be paid if…

A: Loan = 800,000 N = 2 years Effective rate of interest = 8%

Q: wed $300,000.  The loan will to be repaid over the next three years with six semiannual payments,…

A: The semiannual payment plan seeks to provide more manageable and predictable cash flow for both…

Q: answer must be correct or i wil give down vote   A company financed the purchase of a machine with a…

A: . Given InformationMonthly payment PMT = $8,900Annual interest rate r = 4.25%Monthly interest rate i…

Q: Red Lizard Co loan payment O A rate equ A rate les: O A rate equ O A rate equ O A rate equ 20000

A: The effective annual rate refers to the interest rate that is being charged on the borrowing amount…

Q: Schuyler Company wishes to purchase an asset costing $117,000. The full amount needed to finance the…

A: The term mortgage refers to a type of loan that is for the long term, and it usually has the asset…

Q: A $33,000 new car loan is taken out with the terms 3% APR for 48 months. How much are monthly…

A: Car loan = 33000 APR = 3% APR per month = 3%/12= 0.25% Total Months= 48 PMT find out: Option C)…

Q: South Penn Tracking is financing a new truck with a loan of $10,000 to be repaid in 5 annual…

A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…

Q: A small manufacturing company borrowed $1 million and repaid the loan through monthly payments of…

A: Goin in the interest rate on loan - It is the internal rate of return required for the present value…

Q: What was the term of a $4850 loan at 4.5% if the interest due at the end was $145.50? Answer (need…

A: Solution:When some amount is invested somewhere, it earns interest on it.So, in case of simple…

Q: PLEASE USA BA II WHEN POSSIBLE. A construction company takes a loan of $1,732,000 to cover the cost…

A: Loan amount (PV)=$1,732,000 Duration (n)=5*12=60 periods Rate per period (i)=8.55​%12=0.007125…

Q: A $35,000 bank loan is to be repaid in equal yearly payment over 15 years at an effective annual…

A: The amortization refers to the systematic, equal and regular repayment of loan amount for the period…

Q: CIBC issued a loan of $76,000 at 8.37% compounded semi-annually. The loan was repaid by payments of…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: A firm is borrowing $1 million to expand its operations. The annual interest on the loan is 13% and…

A: Quarterly loan installment can be calculated using the following formula.   Periodic Payment = P x R…