Find the effective yield on a discount loan with the given discount rate r and the time. (Round your answer to two decimal places.) r = 2%, 2 months

Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $2400, I = $60, t…

A: Simple interest = Amount*rate*time in years

Q: Estimate the annual percent rate for the add on loan Using the given number of payments and annual…

A: As per the information provided:  N = 48 R = 8% To determine: We have to estimate the annual…

Q: Please calculate: What is the PER, APR and the EAR for a $15,000, 9 month (short term), where the…

A: Given; PER equals the number of Periods = 9 Months APR (Annual Percentage Rate) equals stated…

Q: loan

A: The real interest rate is the rate which shows the preference of the borrower to get the loan at the…

Q: A company has a loan of 80,000 to be paid in 20 level annual payments. The interest and the…

A: Loans are paid by annual payments that carry the interest and loan amount but annual payments are…

Q: What future amount is due at the end of the loan period for an (a) ordinary and (b) exact interest…

A: Ordinary Interest Rate: The rate that is applied in calculating simple interest and uses 360 days as…

Q: Suppose that the interest rate is 8%. What is the value of the discount factor, v? V= Enter a value…

A: Given in the question is interest rate of 8%. We are required to calculate the rate and value of…

Q: 2. What is the size of 8 equal annual payments to repay a loan of $1,000? The first payment is due…

A: Installment is the amount of periodic payments a borrower makes to its lender in order to pay back…

Q: What should be the simple discount rate if a loan amount of P500,000 with a loan term of 3 years…

A: Loan amount (P) = P500,000 Loan proceeds (C) = P480,000 Loan term (t) = 3 Years Simple discount rate…

Q: Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,200…

A: Future value of an amount is the compounded value where the principal and interest earns further…

Q: e discount interest if F = PHP 58,000, discount interest rate 4.5% an

A: Discount is amount of money below the face value of note or any bond or any financial instrument on…

Q: For each of the following cases, indicate (a) to what interest rate columns and (b) what number of…

A: The time value of money is a key financial concept that indicates that a dollar amount in possession…

Q: ic formula for present value, along with the given discount rate, r, and the number of periods, n,…

A: Present value = Future value * (1 + discount rate)-No. of periods

Q: Find the maturity value on a loan of $2,500 at 11.5% interest, for 84 months. Use the formula  MV =…

A: The maturity value of loan will be the aggregate of Amount of loan and Interest on loan.

Q: Use the formula A=P(1+rt) to calculate the maturity value of the simple interest loan when…

A: formula: A=P(1+rt) where, p=principal r=rate  t=time in years

Q: A $400 loan is to be amortized with eight quartely payments over 2 years. If the interest is at J4 =…

A: given, PV = $400 N = 2 M = 4 (quarterly payment) r=10%

Q: se MV=P(1+RT) to find the maturity value (in$) of the loan.  principal: $730,000 rate: 13.35%…

A: Maturity value means the value which is received on the maturity of the investment or end of its…

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: As per the simple interest loan, The formula to be used is: A=P(1+rt)

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: A loan is a form of financing money. The party who takes a loan is called the loan taker and the…

Q: A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The…

A: To Find: Monthly payment Capital repaid and interest paid in first and lst month Loan repaid after…

Q: If the effective interest rate is 15%, what nominal rate of interest is charged for a c compounded…

A: Compounding continuously is imaginary situation which actually does not exist in real life…

Q: Find the APR of the loan given the amount of the loan the number and types of payment in the add-on…

A: Annual percentage rate (APR) : It refers to the yearly generated interest by a Principal amount that…

Q: A person is repaying a loan of $50000 at $200 per month. The interest rate is 3% per month. Form a…

A: PMT is the periodic payment made.

Q: What is the simple interest due on a 5 year loan of 4,00,000 if the annual rate is 6%.

A: Simple Interest is a method of calculating interest on the loan. It is calculated on the amount…

Q: Suppose that the interest rate is 4%. What is the value of the discount factor, v? υ Enter a value…

A: An interest rate is given. We have to find the value of the discount factor and the discount rate.…

Q: Determine the monthly payment for the installment loan. Amount Financed​ (P) =$1000 Annual…

A: We will use following formula to calculate monthly installment :   Monthly Payment = Loan Amount ×…

Q: 5. What is the yield to maturity on a simple loan for $1 million that requires a repayment of $2…

A: Amount of repayment (A) = $2,000,000 Principal amount taken (P) = $1,000,000 Term (n) = 5 years Let…

Q: monthly

A: I would borrow a loan that is amortized quarterly.   The reason for this is based on the principles…

Q: What is the total amount you will pay if you do not pay the loan within the term and meet all the…

A: Step 1:Given: Loan amount = $5400Period of loan = 72 monthsFinal loan amount = $6965.35Interest is…

Q: Find the annual simple interest rate (in percent) on a 3 -month loan of \( \$ 5,000 \) if the…

A: Simple interest is the type of interest that is calculated only on the principal amount. Simple…

Q: Find the maturity value on a loan of $2,500 at 11.5% interest, for 72 months. Use the formula MV = P…

A: 1. MV = P + I where , MV = maturity value of loan P = amount of loan I = Interest amount on loan…

Q: What would the loan payment amount and the interest payed for Kevan’s loan be if the PV=8500,…

A: The term loan payment amount refers to the total amount paid by an individual to pay off the loan…

Q: What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $3,000…

A: yield to maturity (YTM)The yield to maturity is a financial metric used to measure the annual rate…

Q: 3. Find the amount (in $) of interest and the maturity value of the loans. Use the formula  MV = P…

A: Solution:- When an amount is invested somewhere, it earns interest and the amount receivable at…

Q: onsider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: Consider a $150,000 loan with an annual interest rate of 6.5 percent and a 30-year term. Discount…

A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: Define the annual percentage rate (APR). Suppose you borrow $3,621.15 and take out a loan with an 8%…

A: Annual Percentage Rate (APR)The Annual Percentage Rate (APR) is the yearly cost of borrowing money…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.