Bank Sohar provides a financing facility based on murabahah to the Purchase Orderer principles to Ahmad for the purpose of house purchase. The financing is amounting to OR 55000 at a constant rate of return 3% for a period of 8 years. Calculate the annual installment
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Bank Sohar provides a financing facility based on
murabahah to the Purchase Orderer principles to
Ahmad for the purpose of house purchase.
The financing is amounting to OR 55000 at a
constant
Calculate the annual installment
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- Akuse Tours company secures a loan of GHS200,000 over 2 years at 10.5% compounded quarterly year to purchase more tour buses for the upcoming Christmas festivities. Requirements: a. Compute the quarterly installment the entity will be required to pay. b. Prepare a spreadsheet model indicating the installment and the loan amortization schedule.Bank Sohar provides a financing facility based on murabahah to the Purchase Orderer principles to Ahmad for the purpose of house purchase. The financing is amounting to OR 43000 at a constant rate of return 7% for a period of 9 years. Calculate the annual installment payment.You have taken a personal loan from Bank Muscat for 15000 OMR and charged with an interest raté of 6% per year. the repayment is scheduled for annually, to a period of 4 years. Prepare a loan amortization schedule.
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- A loan of $5,000 with interest at 7.75% compounded annually is amortized by equal payments at the end of each year for five years. 1. Show your financial calculator inputs for the payment calculation. 2. Create a full amortization schedule for the loan. A template is available in the Test folder (underneath the link to our test. You can fill in the Word file template and attach below,Two banks are offering loan facility of Rs. 50,000 with an interest rate of 15% pa. for a period of 5 years Bank A offers the facility with interest rate of 15% pa with annual compounding and annual installment and Bank B with semiannual compounding and semiannual payment. You are required to calculate the installment amount and also the principal paid in the third installment for both options.A property is purchased for $81,000. The purchase is financed with a GPM carrying a 12 percent interest rate. A 7.6 percent rate of graduation will be applied to monthly payments beginning each year after the loan is originated for a period of five years. The initial loan amount is $72,900 for a term of 30 years. The homeowner expects to sell the property after seven years. Required: a. If the initial monthly payment is $576.91, what will the payments be at the beginning of years 2, 3, 4, and 5? b. What would the payment be if a CPM loan was available? c. Assume the loan is originated with two discount points. What is the effective yield on the GPM?