An individual borrows £15,000 to be repaid in 10 years with monthly payments at the end of each month. The initial interest rate applied to the loan is 3% p.a. effective. a)Find the monthly repayment P1

Consider a loan of $2.5 million that is paid quarterly over a period of 10 years. Calculate the dollar amount of interest and loan principal repaid corresponding to each payment if the interest rate is 9% per year, compounded quarterly. What is the 5th Quarter Interest and also the 5th Quarter Principal Repayment respectively O a $157,274.15 and $232,276.07 O b. $97,158.12 and $95,032.24 O c. $46,919.62 and $32,752.85 O d. $52,601.74 and $42,841.70

A loan is offered with bi-weekly payments (26 payments per year) and a 15.00 percent APR. What's the loan's effective annual rate (EAR)? Note: Round your final answer to 2 decimal places.

I hope you could write the formula and process more clearly. Thank you

Answer the question by hands, please

A loan of £13,000 is repaid by annual payments of £1,600 each at the end of the year. How long does it take to repay the loan on the basis of an interest rate of 7% p.a.? Number years Enter an answer correct to 2 decimal places Suppose the payment at t = 12 is increased to repay the loan (a balloon payment). What is the value of the payment at t = 12? £ Number Enter an answer correct to 2 decimal places Alternatively, the loan may be repaid via a payment at t = 13 (a drop payment). What is the value of the payment at t = 13? £ Number Enter an answer correct to 2 decimal places



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5. A loan of £2,000 is to be repaid over 7 years with equal annual payments at the end of each year. The interest rate is 6.5% p.a. effective. (a) Draw up the loan schedule (b) What payment makes the outstanding balance drop below £1,500? (c) What is the outstanding balance after 4 payments? After the first 4 payments the individual needs to borrow another £1,000. It is agreed that the new outstanding balance will be repaid in 4 more years with quarterly installments. The first installment is P and then they increase by £10 per quarter. (d) Find P.

You borrow $145,000 and must make annual loan payments of $11,635.18 for 20 years, starting at the end of the year.  What interest rate are you being charged?   a. 5%   b. 7%   c. 8%   d. 9%   e. 6%