Find the payment necessary to amortize a 12% loan of $1700 compounded quarterly, with 8 quarterly payments.

Q: calculate the future value of $8000 earning 8% interest, compounded quarterly, for 10 years.

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Q: find the payment needed to amortize a loan of $4000 with 6% intrest compounded monthly with 24…

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Q: You are purchasing a home for $270,000. You plan on using $34,000 as a down payment. Bank A offers…

A: Reviewing information, Home price=$270000 Down payment=$34000 r=rate of interest=10% n=tenure=20…

Q: find the future value of the following loan. Assume simple interest  $4000 for 8 months; money…

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Q: A sailboat costs $19,286. You pay 25% down and amortize the rest with equal monthly payments over a…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Determine the present value of a series of 30 quarterly payments of $3,500 each which begins one…

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Q: Find the future value of an ordinary annuity with $200 payments made at the end of each month for 10…

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Q: The payment necessary to amortize a 6.5% loan of $77,000 compounded annually, with 5 annual payments…

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Q: Calculate the future value of end-of-month payments of $6,000 made at 2.64% compounded quarterly for…

A: To find the amount after 5 years.

Q: Find the future value of a simple interest loan of $30,000 at 7.2% interest for 11 months

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Q: Robert has accumulated $345,000 in a retirement savings plan. He would like to purchase an annuity…

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Q: Scheduled loan payments of $598 due in 9 months and $1283 due in 24 months are rescheduled as a…

A: Given, First face value=$598Time=9 monthsSecond face value=$1283Time=24 months Then, All the…

Q: Find the future value accumulated in an annuity after investing periodic payments of $40 for 13…

A: Given: Amount of periodic investment $40. Annual interest rate is 4%. The future value is…

Q: A loan of $2000 is being amortized over 48 months at an interest rate of 12% compounded monthly.…

A: Given information Loan amount=$2000 Interest rate r=12% Monthly interest rate R=12%12=1%…

Q: Find the monthly house payments necessary to amortize a 9.6% loan of $266,200 over 15 years. The…

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Q: A printer manufacturer charges $1048 for a high-speed printer. A firm of tax accountants buys 8 of…

A: Given, A printer charges = $1048 8 printer charges = 1048×8=$8,384 Loan amount =8,384-1200=$7,184…

Q: Find the Future Value FV of  investment loan of $35,000 at 6% monthly interest, monthly payments of…

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Q: iii) Use your formula to determine the present value of a loan, with $200 payments at the beginning…

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Q: Find the exact interest on a loan of $7500 at 13% annually made on July 17 and due November 30.…

A: Given that we need to find the interest on a loan for following interest rate and on time.

Q: A $250000 mortgage is amortized over 20 years. If interest on the mortgage is 3% compounded semi…

A: Given that, a $250000 mortgage is amortized over 20 years and interest on the mortgage is 3%…

Q: Find the present value of an ordinary annuity with deposits of $6,258 each year for 8 years at 9.6%…

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Q: The company holds a 6-year loan of $230,000, at 7.5% compounded annually. Payments are made…

A: Question 1 : Calculate the payment amount for the original loan ?Answer:To calculate the quarterly…

Q: How much is the monthly amortization (periodic payment)?

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Q: A person loans P500, 000 from a bank with an interest of 4% compounded annually. The person agrees…

A: We will find out the required annual payment.

Q: Mr Bullock wants to purchase a car which costs $200,000 and requires 20% down payment. Period of…

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Q: Mr. and Mrs. Smith have just purchased a $1,200,000 home and made 20% down payment. The balance can…

A: Given: Total purchased value of house is $1,200,000 Down payment = 20% of $1,200,000  = $240,000…