A nurse borrowed P100, 000 to pay for the processing fee of her papers to work in the US. She borrowed from a financing company charging 10% compounded quarterly. The loan is to be amortized by quarterly payments for a term of one year. 1) How much is the quarterly payment?  2) Construct an amortization schedule for this loan

Q: Farmer Ty needs to finance a machinery purchase of $70,000. His lender requires a down payment of…

A: Loan installment is that amount which is paid every month/ every year depend upon the terms which is…

Q: Anna received a loan of $29,000 at 4.5% compounded semi-annually. He had to make payments at the end…

A: Loan installment is that which is paid by borrower to lender for a specified period of time. This…

Q: A person needs ​$18,000 immediately as a down payment on a new home. Suppose that she can borrow…

A: Continuously compounded interest rate refers to the interest rate that is calculated on the…

Q: Mang Moises needed a refrigerator for his canteen. The refrigerator, which costs P:26,000, may be…

A: In financing, amortization is the amount of loan, in which principal loan paid according to the…

Q: A couple purchase a home and sign a mortgage contract for $150000 to be paid monthly over 25 years.…

A: a. Calculate the monthly payment as follows: Monthly payment is $1,157.72

Q: b) You have decided to buy an apartment costing $140,000. At preseñt you have $10,000 to be paid as…

A: Answer : Cost of Apartment = $140,000 Down payment = $10,000   Loan = Cost of Apartment - Down…

Q: Hange Zoe borrowed money to upgrade their battle equipment of Survey Corps in the lending company in…

A: First obligation (L1) = P 225000 after 1 year r1 = 10% Second obligation (L2) = P 320000 after 2…

Q: Joan Messineo borrowed $15,000 at a 14 percent annual interest rate to be repaid over three years.…

A: Installment is the amount of periodic payment a borrower has to make to its lender in order to repay…

Q: ABC Realty sold a piece of land for P250,000. A down payment of P50,000 was made and the remainder…

A: Present Value of Loan = Present Value Factor x Cash Flow during the period

Q: A customer of your bank comes for a car loan 10000 OMR. He is charged with an interest rate of 5%…

A: Given Information : Amount of loan : 10,000 OMR Interest rate : 5% annual Tenure : 12 months

Q: A woman borrowed P3, 000, 000 to be paid after 1.5 years with interest at 12% compounded…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: A person needs ​$17,700 immediately as a down payment on a new home. Suppose that she can borrow…

A: Continuously compounded interest rate refers to the interest rate that is calculated on the…

Q: Zodwa needs R450 550,00 to buy a house. The bank approved her loan for the full amount at an…

A: Mortgage installment refers to the periodic payment made against the loan. With every mortgage…

Q: he Flemings secured a bank loan of $344,000 to help finance the purchase of a house. The bank…

A:

Q: FIND THE MONTHLY AMORTIZATION(A) FOR PERIOD 1, THE INTEREST(B) FOR PERIOD 5, THE PRINCIPAL(C) FOR…

A: Loan amount = Price of the house  - down payment = 2,200,000 - 15% of 2,200,000 = 2,200,000 -…

Q: Grandin wishes to take out an installment loan to finance the purchase of a small antique dining set…

A: Amount of Finance Charge = Total Amount to be paid for Loan - Present Value of loan

Q: Abigail received a 15 year loan of $280,000 to purchase a house. The interest rate on the loan was…

A: Mortgage loans are paid by equal periodic and fixed payments and these carry the payment of interest…

Q: An employee obtained a loan of P100,000.00 at the rate of 6% compounded annually in order to build a…

A: The series of monthly payments is a form of annuity wherein an equal amount is paid every month.

Q: Emily received a 25 year loan of $295,000 to purchase a house. The interest rate on the loan was…

A: Mortgage loans are paid with equal and fixed monthly payments that include both the payment for…

Q: You borrow $2,400 to pay for a Caribbean vacation and will pay it off over 2 years with regular…

A: Loan amount = $2400 Number if years = 2 Number of months "n" = 2*12 = 24 Interest rate = 8% Monthly…

Q: U.S. Fax has been granted a loan from a commercial finance company for $1 million at a stated…

A: Effective Cost of Debt(ECD) refers to the total amount that is paid by borrower to lender for taking…

Q: A customer of your bank comes for a car loan 10000 OMR. He is charged with an interest rate of 5%…

A: Formulas:

Q: You purchased a second-hand car worth ₱ 420,000 if paid in cash. You were able to negotiate with a…

A: given, price of car = P420,000 downpayment = 20% n = 4 years r=1.5% per month m=12

Q: Cassandra received a 30 year loan of $320,000 to purchase a house. The interest rate on the loan was…

A: The term "Amortization" refers to the process of repaying debt over time by making regular principal…

Q: and you cannot cancel on the due date, so you must cancel with a delay of 25 days, it is requested:…

A: Interest is the fee paid to a lender for using the funds. It is the compensation paid to an investor…

Q: as a loan. At the end of 2 years he has to pay Rs. 91000 Find the annual simple interest rate that…

A: Simple interest can be calculated as follows :

Q: The Flemings secured a bank loan of $328,000 to help finance the purchase of a house. The bank…

A: Ordinary annuities are the PMTs which are made at the end of the period.

Q: A real estate investor feels that the cash flow from a property will enable her to pay a lender…

A: This is the problem of the time value of money wherein the interest rate is mentioned and gets…

Q: Ahmed approaches the Islamic Bank of Arlington in the USA to finance the purchase of an industrial…

A: Financing an amount means borrowing the amount from external sources. Borrower is required to pay…

Q: An individual wishes to purchase a house that is selling for $200,000. The person has $50,000 they…

A: Value of house = $200000 Down payment = $50000 Term for amortization "n" = 10 years or 10*12 = 120…

Q: You are considering purchasing a piece of industrial equipment from the U.S.A. that costs S30,000.…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Calculating the Return On A Loan