Assume you borrow $30,000 today at a rate of 13%. The loan will be returned over a five-year period, beginning one year from now. Using a spreadsheet, calculate the annual payment.

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Suppose that an investor wishes to deposit an amount now so that in 30 years $1,000,000 will be in an account that pays 10% interest per year, compounded annually. What amount must be deposited now?

What is the present worth of each of the given series of payments?(a) $2.700 at the end of each six-month period for 10 years at 8% compounded semiannually.(b) $10,000 at the end of each quarter for five years at 12% compounded quarterly.(c) $14.000 at the end of each month for eight years at 6% compounded monthly.

You borrow $6,000 for 90 days at 6.5% interest.  The lender uses a 365-day year.  You make a payment of $1,400 on day 36 (36 days after getting the loan).  Calculate your balance after the $1,400 payment is applied.

David borrows $25,000 at 8% compounded quarterly. He wishes to repay the money with 10 equal semiannual installments. What must be the size of the payment if the first payment is made 1 year after obtaining the $25,000?

A $200,000 loan is to be repaid in equal yearly payments over 25 years at an interest rate of 4% compounded annually. To pay off the loan in its entirety at the end of the 16th year, how much must be paid?

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Suppose you borrow $5,000 at 7.25% interest for 14 months.  What is the maturity value?

If Phil borrows $25,000 from a loan company at an interest rate of 3.5% per year compounded weekly, and plans to make a payment of $850 per quarter, how may years will it take him to pay off the loan?If Phil borrows $25,000 from a loan company at an interest rate of 3.5% per year compounded weekly, and plans to make a payment of $850 per quarter, how may years will it take him to pay off the loan?