Ezze Mattress needs to raise $200,000 for 6 months. The bank quotes a discount interest rate of 7.5% but does not require compensating balances. What is the effective annual interest rate on this loan? Multiple choice question. 7.50% 8.11% 7.84% 7.81%

Plz don't use excel.

Bank A offers you a loan at 8.52% compounded 5 times a year. Bank B offers to loan you the same amount at 0.10% less than the rate offered by Bank A but compounded twice as often as the Bank A rate is. Which bank's loan should you accept? As your answer, enter the effective rate (in percent, to two decimal places at least) offered by the bank whose loan you should accept.

Cost of Bank Loans A). Del Hawley, owner of Hawley’s Hardware, is negotiating with First City Bank for a 1-year loan of $100,000. First City has offered Hawley the alternatives listed below. Calculate the effective annual interest rate for each alternative. Do not round intermediate calculations. Round your answers to two decimal places. A 8.75% annual rate on a discounted loan, with a 15% compensating balance.   % Interest figured as 8% of the $100,000 amount, payable at the end of the year, but with the loan amount repayable in monthly installments during the year.   %     B). Gifts Galore Inc. borrowed $1.5 million from National City Bank. The loan was made at a simple annual interest rate of 9% a year for 3 months. A 15% compensating balance requirement raised the effective interest rate. Do not round intermediate calculations. Round your answers to two decimal places. The nominal annual rate on the loan was 11.25%. What is the true effective rate?   %

A bank makes a loan of $1,000,000 at a rate of 6% p.a. It also requires a compensating balance of 5%. What is the effective cost to the borrower?

mc attahced

What are the repayment schedules for each of the following five-year, 9 percent $11,000 term loans? Use Appendix D to answer the questions. Do not leave any cells blank. If the answer is zero, enter "0". Do not round intermediate calculations. A. Equal annual payments that amortize (retire) the principal and pay the interest owed on the declining balance. Round your answers to the nearest cent. Balance Interest Principal Year payment repayment on loan $ $ $ $ $ 1 2 3 4 5 $ $ $ $ $ Interest Principal Balance Year payment repayment on loan 1 $ $ 2 is B. Equal annual principal repayment, with interest calculated on the remaining balance owned. Round your answers to the nearest dollar. $ $ 3 $ $ $ 4 5 es $ $ $ $ $ $ $ $ $ $ $ $ $

Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".     Beginning     Repayment Ending Year Balance Payment Interest of Principal Balance 1 $  fill in the blank 60 $  fill in the blank 61 $  fill in the blank 62 $  fill in the blank 63 $  fill in the blank 64 2 $  fill in the blank 65 $  fill in the blank 66 $  fill in the blank 67 $  fill in the blank 68 $  fill in the blank 69 3 $  fill in the blank 70 $  fill in the blank 71 $  fill in the blank 72 $  fill in the blank 73 $  fill in the blank 74 4 $  fill in the blank 75 $  fill in the blank 76 $  fill in the blank 77 $  fill in the blank 78 $  fill in the blank 79

Crab State Bank has offered you a $1,500,000 5-year loan at an interest rate of 9.25 percent, requiring equal annual end-of-year payments that include both principal and interest on the unpaid balance. Develop an amortization schedule for this loan. Round your answers to the nearest dollar. Do not round intermediate calculations. End of Year Payment Interest (9.25%) Principal Reduction Balance Remaining 0 - - - $1,500,000 1 $   $   $        2                     3                     4                     5

Please do not answer this question in excel thank you in advance.  A loan of $13,000 at 5.65% annually requires $2,938 interest. For how long is the money borrowed?