For how long Kirk have to make payments of $290 at the end of every year to repay loan of $2530 if the interest is 10% per annum compounded qualterly ? state your answer in year and months(0 to 11 months)

you have just borrowed $51,107 at an annual interest of 7.6% and must repay the loan in equal installments at the end of each of the next 7 years. By how much would you reduce the amount you owe (that is, principal) at the end of the first year?  (Hint: Compute annual loan payment first and then the loan amortization schedule for the first year.) Group of answer choices $5,798.23 $5,790.23 $5,792.23 $5,796.23 $5,794.23

How much interest will be owed on a loan of P15,500 at the end of 4 years and 7months using 15 percent simple interest per year?

Suppose you are thinking of availing a loan of P100,000 at Pag-ibig Funds for house repairs after typhoon Jolina. Interest is pegged at 14% compounded quarterly, and you intend to make equal quarterly payments to pay-off this loan in three years. Set-up an amortization schedule (table) to serve as your guide in tracking the payments made, interest paid, principal repaid and outstanding principal for each period.

What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 8.6%, compounded semiannually, so that the account will have a future value of $170,000 at the end of 20 years? (Round your answer to the nearest cent.)$_____

4. You borrow $720,000 at 4.00% per year compounded monthly and you plan to pay off this loan in equal annual payments starting one year after the loan is made over a period of fifteen (15) years. What are the annual end-of-year payments? Determine the amount of interest and principal that are paid each year. What is the total interest paid for the loan? a. b. Restructure the loan in the previous question to make payments monthly. Determine the savings in interest overall. C. Restructure your payment schedule once more to make payment every two weeks. Determine the savings in interest (if any) in this case (compare to both previous repayment options). 1 OF 1

ou were paying your fully amortising loan at 8.2% per annum for 12 years. The current monthly payment is $1,492 per month. What is the remaining loan balance at the end of year 2? Please rounded your answer to two decimal points (e.g. 8000.158 is rounded to 8000.16)

You borrow $145,000 and must make annual loan payments of $11,635.18 for 20 years, starting at the end of the year.  What interest rate are you being charged?   a. 5%   b. 7%   c. 8%   d. 9%   e. 6%

The Clarks are arranging a $90,000 mortgage loan from their bank. The mortgage is to be amortized by making monthly payments over 20 years. The Interest on the loan will be 7.9% compounded semlannually. a. What is the size of the monthly payments? b. Vhat Is the principal repaid by the 20th payment? c. What is the outstanding balance after two years (I.e. 24 months)? d. How much interest will the Clarks pay in the first two years?

When evaluating a project with non-normal cash flows (cash flows change sign for at least two times during the project life), the best method to use for capital budgeting analysis is the:     internal rate of return     payback rule     discounted payback     Modified internal rate of return (MIRR)