Dejardines Financial has provided a $53, 217 loan to Your Finished Inc. that earns interest at a rate of 6.5% compounded monthly. The loan is to be paid back in equal payments at the end of each month over a three-year term. In addition to the amortization schedule, how much interest was paid over the life of the loan? Complete the amortization table for the 3 years of the loan.

A ​$96,000 mortgage is to be amortized by making monthly payments for 20 years. Interest is 7.1% compounded semi-annually for a six​-year term. ​(a) Compute the size of the monthly payment. ​(b) Determine the balance at the end of the six​-year term. ​(c) If the mortgage is renewed for a six​-year term at 6​% compounded semi-annually, what is the size of the monthly payment for the renewal​ term?

Prepare the first 5 months of an amortization schedule with a 30-year mortgage monthly payment, Property is selling for $489,000, 15% down payment, 6.625% fixed interest rate, estimated property taxes $6,816, insurance is $1350 a year. What is the monthly payment, interest portion, principal portion, and end of month principal for the first 5 months.

Martinez and Martinez Inc. makes monthly payments of $152.11 and pays 6% interest on a current loan. The initial loan was scheduled to be paid off in 3 years. Determine the loan amount.

castor borrowed today from Chuchu P100,000.00 and agreed to repay the loan with 3 equal monthly amounts, the first payment to start 1 month from today. How much is the value of the monthly payment? construct an amortization schedule. Interest is 12%compounded monthly.

Prepare an amortization schedule showing the first four payments for the loan. John finances $200,000 towards the purchase of a new home through a 30-year mortgage. The interest rate applied to the monthly unpaid balance is 4.75%. Payment Number 1 2 3 4 Amount of Payment Interest for Period Portion to Principal Principal at End of Period = v > KA + v 600 On

Melynda and Andrés borrowed $60,000 at 7.25% compounded annually as a second mortgage loan against their current home. Repayment amount is $5,900 at the end of every six months. a. How many payments are required to repay the loan? Number of payments b. Use the given information to complete the amortization table below. Determine the missing values for the first two payment intervals, the last two payment intervals, and the totals. Report results to the nearest cent.

John received a loan of $40,500, 6 years ago. The interest rate charged on the loan was 4.68% compounded quarterly for the first 6 months, 5.46% compounded semi-annually for the next 2 years, and 5.88% compounded monthly thereafter. a. Calculate the accumulated value of the loan at the end of the first 6 months.   Round to the nearest cent b. Calculate the accumulated value of the loan at the end of the next 2 year period.   Round to the nearest cent c. Calculate the accumulated value of the loan today.   Round to the nearest cent d. Calculate the amount of interest charged on this loan over the past 6 years.     jamie wants to double his money in 9 years in an investment fund. What quarterly compounding interest rate do you suggest that he looks for?

Calculate and print out the balance due, principal payment, and interest payment for each period of a used-car loan. The nominal interest is 6% per year, compounded monthly. Payments are made monthly for 3 years.The original loan is for $18,000

Vincent received a loan of $28,000 at 4.25% compounded monthly. She had to make payments at the end of every month for a period of 5 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent b. Complete the partial amortization schedule, rounding the answers to the nearest cent. Payment Number Payment K 0 1 2 0 0.00 0 0 Total :: :: $0.00 $0.00 $0.00 $0.00 $0.00 Interest Portion Principal Portion $0.00 $0.00 :: :: $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Principal Balance $28,000.00 $0.00 $0.00 :: $0.00 $0.00 0.00