Calculate the missing information for the installment loan that is being paid off early. Sum-of-the- Sum-of-the- Number of Payments Made Payments Remaining Rebate Digits Payments Remaining Digits Number of Payments Payments Fraction 36 21 15 120 666 0.1802

Q: Number of Payments Payments Made 36 23 Payments Remaining Sum-of-the- Digits Payments Remaining…

A: Step 1 Loans are repaid in installments or monthly instalments. You repay the money you are lent,…

Q: R (Php) r (%) 3.75 A (Php) u. 12, 490 1, 230 2. 23, 000 3, 500 8 18, 900 1, 759 12.5 54, 000 4, 500…

A: Compound interest is calculated on the principal as well as on the interest on interest also…

Q: Question7. Down payment Interest rate Terms Loan Amount 48 4% 4.12% 4.25% 4.75% Find the mortgage…

A: Mortgage Payment refers to the period payment made against the mortgage or loan taken for a…

Q: correct answers are i) = 16,775. ii) = 15,293.38. iii) for a) 15,131.79 and for b) 167.64 no…

A: A repayment schedule, also known as an amortization schedule or loan repayment schedule, is a table…

Q: Period Regular Payment Interest Repayment of the Loan Outstanding Balance 0 100000 1 6000 3000 3000…

A: The outstanding balance is calculated as deduction of amount of repayment of loan from previous…

Q: method of paying a loan (principal and interest) on installament basis, usually of equal amounts at…

A: Requirement of question ÷ Method of paying loan on installment basis, usually of equal amount at…

Q: 6. 72 quarterly payments are required to pay off a loan. How many years does this represent? A) 6 B)…

A: Quater means the one fourth of any item. In one year there are four quarter consisting of 3months…

Q: Use the amortization table to determine how much of the 10th payment is interest. The interest…

A: The repayment of a loan or mortgage over time is depicted in a table called an amortization…

Q: hat relationship exists between the length of the loan and the monthly payment? How does the…

A: Loans are paid by the monthly payments that are fixed payments and the monthly payments carry the…

Q: The is the length of the loan. APR (your response) term interest rate

A: length of a loan refers to the duration of the period, where the person is required to repay the…

Q: LC6Q 3) The payment is a partial payment of the cash price paid at the time of sale. Mortgage Cash…

A: While taking any kind of loan , we need to pay some amount as down payment and rest will be the loan…

Q: Give an example of a loan repayment plan.Show at least 3 payment entries including the end of period…

A: The funds acquired by the borrower is repaid either in lumpsum amount at a future date i.e. at the…

Q: A loan is to be paid by installments of $800 1-month from now, $600 3-months from now, and $500 4-…

A: Loans are paid by the amount that carry the interest on the loan and paid by the single equivalent…

Q: 1. Construct a partial amortization schedule showing the last 2 payments. PMT Setting N I/Y P/Y C/Y…

A: An amortization schedule is used to show the components of the periodic payment, i.e., how much of…

Q: Calculate the missing information for the installment loan that is off early. Sum-of-the-…

A:

Q: Given the annual interest rate and a line of an amortization schedule for that the next line of the…

A: An amortization schedule is a schedule that shows the interest paid, annuity paid, and the repayment…

Q: Compute the future values of the following annuities first assuming that payments are made on the…

A: An annuity is a series of payments made at equal intervals.An ordinary annuity involves payments at…

Q: .The portion of the selling price paid by the customer at the time of purchase is called ________.…

A: Customers have to pay some amount to purchase on loan.

Q: what would be the payment adjustments and loan balances for years 3 to 5

A: We are going to solve this question in excel, we can determine the monthly payment by using the…

Q: A design studio purchase a camera. If they settled the loan in 2 years by making quarterly payments,…

A: Loans are to paid by the periodic payments that carry the payment for loans and payment for interest…

Q: General Computers Inc. purchased a computer server for $65,500. It paid 25.00% of the value as a…

A: Purchase price 65500 Loan 49,125 Interest rate 6.50% Time (in months)…

Q: Solve for the missing item in the following.  Principal Interest rate Time  Simple interest $345 5%…

A:

Q: As a loan is paid off, the   monthly payment increases debt and interest portions do not change each…

A: Interest expenses on loan is calculated on the closing balance of the loan  account on a particular…

Q: Determine the maturity date of the loan (not in a leap-year). Loan Date Time of Loan (days)…

A: Loan date = Feb 8 Loan duration = 110 days As it is not a leap year, Feb has 28 days

Q: Which of the following statement is true of amortization? The computation of loan amortization is…

A: We take loans to buy things that we cannot afford on our own.  The loan is then repaid through fixed…

Q: ****** An important application of -Select- interest involves amortized loans. Some common types of…

A: To Find: Annual payment First Inerest payment  Principal repayment

Q: . Conversion p - Loan date ·%-is equivalent 0.0032 0.032 is refers to the i

A: Loan Date: It is the date when the borrower received a loan from a third party. Hence it is a…

Q: Find the principal of a loan in which the interest rate is 13% per month, payable monthly, and in…

A: The principal of a loan is the initial amount of money that is borrowed or lent. It is the original…

Q: S) 5.8

A: formula:Scheduled Principal Repayment = Beginning Principal Outstanding * (Pass Through Rate - SMM)

Q: help please answer in text form with proper workings and explanation for each and every part and…

A:

Q: The repayment of a loan in a series of equal periodic payments is called. O a. Mortgage O b. Down…

A:

Q: Solve for the missing item in the following.      Principal Interest rate Time Simple interest…

A: Simple interest = principal *rate*Time /100

Q: se the exact interest method (365 days) and the ordinary interest method (360 days) to compare the…

A: Interest = Principal * rate * time where, Principal = $186,500 Rate = 5.75% time = 51 days

Q: Calculate the missing information for the installment loan that is being paid off early. Number of…

A: Number of payments = 18 Payments made = 3 Payments remaining = 18 - 3 = 15   2. sum of the digit of…

Q: 16. Use the section of an amortization table shown here to answer the following questions. 1 2 3 4 5…

A: Loan Amortization refers to repayment of interest and principal amount in equal instalments in…

Q: Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rour…

A: in this we have to calculate from table and also by formula.

Q: What are the Effects of Maturity on Monthly Payments on Fully Amortizing Loans?

A: In fully amortized loan, total loan will be paid off by end of maturity i.e. loan term. Monthly…

Calculating the Return On A Loan