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

Q: A loan of £10,000 is repaid by annual payments of £1,300 each at the end of the year. How long does…

A: NPER or the number of periods is the calculation of the total periods of payment considering a…

Q: To borrow $1,200, you are offered an add-on interest loan at 9 percent. Two loan payments are to be…

A: Borrowed Amount = $1,200 Interest Rate = 9% Time Period = 1 Years

Q: What is the annual interest rate if a simple interest loan of $10,000 for 4 years charges a total of…

A: We need to use simple interest formula to solve this question Simple interest =Principal×Rate×Time

Q: Find the semiannual payments to repay a debt of P100,000 in 6 equal payments with interest at 10%…

A: A loan is a debt amount borrowed by one person from another person at a predetermined financial…

Q: To repay a loan of $20,000, a series of nineteen level payments is to be made with the first payment…

A: Generally loans are paid by annual payments that carry the payment for loan and payment for interest…

Q: Q7. The annual payment of a lorry is 40,000 Euro find out the loan amount which is granted for 4…

A: The objective of the question is to find out the loan amount for a lorry with an annual payment of…

Q: A mortgage of £180,000 is repaid over 20 years by equal monthly payments in arrears. The interest…

A: As per the given information: Mortgage amount = £180,000Repayment period = 20 years by equal monthly…

Q: Find the Simple Interest on a $ 50,000 loan at 15 ½2 % annual interest for ¾ year.

A: The simple interest is based on the amount of loan (P), the given interest rate (r), and the number…

Q: A customer asks you to calculate his monthly instalments for repayment periods of 24, 36 and 48…

A: Repayment period means the period in which a customer will pay the amount so that the loan can be…

Q: A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The…

A: Loan payback is the process of repaying a lender for the money borrowed. The loan is repaid in a…

Q: £10,000 loan at 6% simple interest. The entire loan is to be repaid in one lump sum after five…

A: The formula to determine the annual interest amount is as follows: Interest = Loan Amount * interest…

Q: .Consider a $10,000 loan to be repaid in equal installments at the end of each of the next 5 years.…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: a €6000 loan is to be repaid at the end of 4.5 years by the sinking fund method. Interest is charged…

A: A sinking fund is a fund that the debtor establishes to deposit periodic payments into the fund to…

Q: A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT FUTURE…

A: Simple interest measures the interest payment on the principal amount for a period of time without…

Q: a. Calculate the interest component of Payment 10. Interest $. 1187.03 b. Calculate the principal…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: 25. A loan of R15,000 is charged at an annual interest rate of 8%, compounded monthly. If the loan…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: An installment loan for $18,000 has terms such that monthly payments of $180 are made for 10 years.…

A: Workings:- Time Period of Payments(in years) = 10 years Time Period of Payments(in months) = 10*12…

Q: The interest rate on a $118,000 loan is 8.9% compounded semiannually. The monthly payments on the…

A: a) To calculate the interest component of Payment 210, we first need to find the balance of the loan…

Q: A fully amortizing mortgage loan is made for $100,000 for 15 years. The interest rate is 6 percent…

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

Q: You take out 1 $10,000 loan for 7 years at an annual interest rate of 5% and with fixed annual loan…

A: Borrowed amount is $10,000 Annual interest rate is 5% Payment per year is $1,728.20   To Find:…

Q: A loan of $28,100 at 4.28% compounded semi-annually is to be repaid with payments at the end of…

A: Present value of annuity Annuity is a series of equal periodic payment at equal interval over a…

Q: Part a. Loan payments you borrow $100,000 over a period of 30 years at a fixed APR of 5.5% calculate…

A: The monthly payment can be derived from the following formula PMT=P×APRn1-1+APRn(-nY

Q: Find the interest that will be deducted in advance from a loan of P25,000.00 due in 2 years if the…

A: Given Information : Amount of loan = ₱25,000 Annual interest rate = 6% Number of years = 2

Q: If someone borrow $4000 with interest rate 4% and has to return the loan with equal payment in 4…

A: loan repayments are usually monthly EMIs or annual payments. It consists of interest and principal…

Q: In an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much…

A: N = 4 years Loan = $45,280 Interest Rate = 11% Principal payment in second year = ?

Q: a. Complete an amortization schedule for a $19,000 loan to be repaid in equal installments at the…

A: The amortization schedule represents how the principal balance on the loan will be repaid over the…

Q: A LOAN OF P80,000 IS MADE FOR A PERIOD OF 18 MONTHS AT A SIMPLE INTEREST RATE OF 10%. WHAT DUE AT…

A: Loan amount = P80,000 Annual interest rate = 0.10 or 10% Annual period = 1.5 (i.e. 18 / 12) Amount…

Q: What will be the compounded amount on a loan of P1.500 at 12% interest compounded quarterly for I…

A: Loan amount (PV) = P 1500 Annual interest rate = 12% Quarterly interest rate (R) = 12%/4 = 3% Period…

Q: Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest…

A: Simple Interest:   Simple interest is a method of calculating the interest that is charged on fixed…

Q: If you borrow $9,500 at $760 interest for one year, what is your annual interest cost for the…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

Q: Q7. The annual payment of a lorry is 40,000 Euro find out the loan amount which is granted for 4…

A: The objective of the question is to find out the loan amount and prepare an amortization table for a…

Q: Compute the size of the final payment for the following loan.   Principal​ $ Periodic Payment​ $…

A: A loan is  basically a type of debt that an individual or the other entity incurs. The lender, who…

Q: A man owes P50,000.00 with interest at 9% payable semi-annually. What equal payments at the…

A: Semi-annual repayment is a payment made every six months to repay the debt amount with a certain…

Q: i. ii. Yea r 1 2 3 4 How large is the annual payment? Complete the following amortization schedule:…

A: Given, Loan amount = RM36,000 Rate of Interest = 8% ( annual compounding ) Tenure of the loan = 4…

Q: Vijay

A: The objective of the question is to calculate the actuarial rate for a home loan. The actuarial rate…

Q: If you borrow $100,000 at an annual interest rate of 10% for six years, what is the annual payment…

A: Given:

Q: A loan is to be amortized quarterly at P167,900.00 for three years. Find the outstanding principal…

A: Loan amount = L = P 167900 n = 3 years = 12 quarterly payments r = 8% per annum = 2% quarterly Let Q…

Q: Determine the monthly payment for the installment loan. Use the installment payment formula m = 1-…

A: Given , Amount of financed , P = $1440Annual percentage rate , r = 8%No.of payments per year , n =…