An obligation of $25,000 is due today, but it was decided to pay the debt in two equal payments one 2 year and the other 5 years from now. If the focal date is today, and the rate of interest is 4.15% compounded quarterly, how much is each payment?
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- An obligation of $25,000 is due today, but it was decided to pay the debt in two equal payments one 2 year and the other 5 years from now. If the focal date is today, and the rate of interest is 4.15% compounded quarterly, how much is each payment?As debt payment, P315,000 is due in 4 years and 7 months. If the debtor wishes to repay the debt now, and the lender applies 9% interest compounded semi-annually, how much does he have to pay?. A debt of P100,000 is to be discharged by ten semi-annual payments, the first to be made 6 months after the loan is given. The debt will be discharged by 5 equal payments each P10,000 and by 5 other equal payments of such amount that the final payment will liquidate the debt. If interest is 12% compounded semi-annually, what is the amount of the last 5 payments? Construct an amortization schedule.
- A debt of $600 is due 3 years from now and $800 due 5 years from now, is instead to be paid off by two payments: $500 nowand a final payment at the end of 6 years. What would this payment be if an interest rate of 6% compounded quarterly is assumed?A person has made an arrangement to borrow $1,000 now and another $1,000 two years hence. The entire obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and four are 10%, 12%, 12%, and 14%, respectively, how much will be repaid as a lumpsum amount at the end of four years?If you borrow $1700 and agree to repay the loan in sux equal annual payments at an interest rate of 11%, what will your payment be? what will your oayment be if you make the first payment on the loan immediately instead of at the end of the first year?
- A $700,000 loan was received on Nov. 30, 2022, with annual interest at 9.5%, C/M, requires monthly, end of period payments of $7,700, beginning Dec.31, 2022. How many payments are needed to fully pay off the loan? How much will the final payment be? How much interest is paid on the 30th payment? What is the balance still owing after 10 years? How much of the loan principal will be paid, in total, during years 6 and 7? How much interest is paid, in total, during the life of the loan?When interest is charged on the unrecovered balance, if you borrow $10,000 at 10% per year interest and repay the loan in equal payments over a 5-year period, the payment amount is $2638 per year. How much will the annual payment be if the interest rate is charged on the initial loan amount instead of the unrecovered balance?A financial obligation requires payments of $200 today, $250 in three years, and $550 in five years. When can the obligation be discharged by a single payment equal to the sum of the required payments if interest is 4%p.a. compounded monthly?
- A $11,000 loan is to be amortized for 10 years with quarterly payments of $351.14. If the interest rate is 5%, compounded quarterly, what is the unpaid balance immediately after the sixth payment? (Round your answer to the nearest cent.)Two debts, the first of $1100 due nine months ago and the second of $1700 borrownd one year ago for a term of four years at 6.9% compounded annuall, are to be replaced by a single payment one year from now. Determine the sze of the replacement payment if interest is 6.1% compounded quarterly and the focal date is one year from now. The size of the replacement payment is S3159.34 (Round to the nearest cent as needed. Round all intemediate values to six decimal places as needed.)A 3/1 ARM is made for sh.150,000 at 7 percent with a 30-year maturity.i) Assuming that fixed payments are to be made monthly for three years and that the loan is fully amortizing, what will be the monthly payments? What will be the loan balance after three years?ii) What would be the new payments beginning in year 4 if the interest rate fell to 6 percent and the loan continued to be fully amortizing? iii) In (i) what would monthly payments be during year 1 if they were interest only? What would payments be beginning in year 4 if interest rates fell to 6 percent and the loan became fully amortizing?
