b) suppose that the market interest rate is 5%. Calculate the present value of the following. Show how your answer is obtained. Calculation using a formula, not using excel. i) A fixed payment loan with annual payments of $163 that matures in three years.

(b) Suppose that you took out PTPTN loans totalling RM24000 with interest of 1% per year. You have an online payment plan which deducts savings from your bank account at a rate of RM100 per month. (Hint: Assume that the rate is evaluated based on the current balance of the loan.) (1) Write the initial value problem for the situation above. State all variables and the quantities they represent.

Estimate the annual percent rate for the add on loan Using the given number of payments and annual interest-rate. Use the formula APR = 2nr/n+1 N= 48; R= 8% APR=???

Please explain step by step

Find the amount of interest and the maturity value of the following loan. Use the formula MV = P+ I to find the maturity value. Round your answers to the nearest cent. Principal Rate (%) Time Interest Maturity Value $90,000 7 4 years

The formula below tells us how to obtain the maturity value on a simple discount loan if we are given the proceeds, the discount rate, and the term.   If a loan's annual simple discount rate is 7.56%, how many years would it take for the debt to double? (This is called the doubling time of a loan).  Round your answer to the nearest tenth of a year.  Hint: divide both sides of the equation by P. If M is twice as much as P, what should the fraction on the left-hand side equal?

You are taking out a single-payment loan that uses the simple interest method to compute the finance charge. You need to figure out what your payment will be when the loan comes due. The equation to calculate the finance charge is: FsFs = Amount of Loanx   Interest Ratex   Term of Loan   where FsFs is the finance charge for the loan, and the term of the loan is in    .   You’re borrowing $10,000 for two years with a stated annual interest rate of 6%.

Derive an equation to find the end-of-year future sum F that is equivalent to a series of n beginning-of-year payments B at interest rate i. Then use the equation to determine the future sum F equivalent to six B payments of $100 at 8% interest.

Use the appropriate function(s) in Excel to answer the following questions. How much would your monthly payment be on a 3-year loan if the following assumptions were true? You borrowed $7,400. The fixed APR on the loan is 3.2%.  Note: A fixed APR is an annual interest rate that does not change during the 3-year period. You will make equal monthly payments to repay both the loan amount and the monthly interest charges. You want to completely pay off the loan in exactly 3 years.   (Round to the nearest cent, do not include a negative sign) Note: while this money is "leaving your wallet" the negative sign should not be included in the numeric answer because it is already implied by the word "payment"   What is the total amount that you would pay to the bank over this 3-year period? Hint: Be sure to use your rounded answer from the previous step in the calculation of this answer.   (Round to the nearest cent, do not include a negative sign)   How much total interest would you have paid…

Suppose that you need an amount of money which equals to $10000000. It is possible to find it from bank A at an annual interest rate of 18% under 12 equal payment. If the first payment will be 1 month later the day you used the loan. Find the CF (Cash Flow), the equal payments and prepare the amortization table.