Fully amortized loan​ (annual payments for principal and interest with the same amount each​ year). Chuck Ponzi has talked an elderly woman into loaning him ​$10,000 for a new business venture. She​ has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the ​$10,000 with an annual interest rate of 10​% over the next 5 years. Determine the cash flow to the woman under a fully amortized​ loan, in which Ponzi will make equal annual payments at the end of each year so that the final payment will completely retire the original ​$10,000 loan. What is the amount of payment that the woman will receive at the end of years 1 through 5​?   ​$nothing   ​(Round to the nearest​ cent.)

You have just completed your four-year degree at Southwest Minnesota State University (SMSU)!  Your student loans that you have accumulated while studying at SMSU total $25,000.  Since you have graduated, you must now begin repaying these student loans.  The loan’s annual interest rate is six percent (6%) and it requires four equal end-of-year payments.    a) Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. B) What is the total amount that you will repay over this four-year period (principal + interest)? c) What portion or percentage are the total “Interest Payments” of the initial loan value of $25,000?

Interest-only loan (regular interest payments each year and principal at maturity). Chuck Ponzi has talked an elderly woman into loaning him $25,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $25,000 with an annual interest rate of 10% over the next 5 years. Determine the cash flow to the woman under an interest-only loan, in which Ponzi will pay the annual interest expense each year and pay the principal back at the end of the contract. What is the amount of payment that the woman will receive at the end of years 1 through 4? (Round to the nearest dollar.)

Suppose that you need $30,000 for your last year of college. You could go to a private lending institution and apply for a signature student loan; rates range from 7% to 14%. However, your Aunt Sally is willing to loan you the money from her retirement savings, with no repayment until after graduation. All she asks is that in the meantime you pay her each month the amount of interest that she would otherwise get on her savings (since she needs that to live on), which is 4%.What is your monthly payment to her, and how much interest will you pay her over the year (9 months)?(Fill in the blanks below and give your answers as whole numbers.)The amount of interest per month you would pay Aunt Sally is $__(1)__ .The total interest you will pay her over the year (9 months)is $__(2)__ .

Discount loan​ (interest and principal at​ maturity).  Chuck Ponzi has talked an elderly woman into loaning him ​$45,000 for a new business venture. She​ has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the ​$45,000 with an annual interest rate of 11​% over the next 5 years. Determine the cash flow to the woman under a discount​ loan, in which Ponzi will have a​ lump-sum payment at the end of the contract. What is the amount of payment that the woman will receive at the end of years 1 through 4​?   ​$nothing   ​(Round to the nearest​ cent.)

Gisella borrows $120, 000 from Capital Mortgage Co. at 9% per annum interest, monthly payments for 30 years. At the end of 6 years, she sells the house and will pay off the loan at the closing of sale (assume that the sale takes place at the end of the sixth year). What will her loan payoff be? Using excel functions only and an amortization schedule.

Amortization schedule. Chuck Ponzi has talked an elderly woman into loaning him $50,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $50,000 with an annual interest rate of 8% over the next 5 years. Ponzi may choose to pay off the loan early if interest rates change during the next 5 years. Determine the ending balance of the loan each year under the three different payment plans: a. the discount loan b. the interest-only loan c. the fully amortized loan. ..... a. If Chuck chooses the discount loan, what is the ending balance of the discount loan in year 1? 2$ (Round to the nearest cent.)

Interest-only loan (regular interest payments each year and principal at maturity). OChuck Ponzi has talked an elderly woman into loaning him $20,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $20,000 with an annual interest rate of 7% over the next 10 years. Determine the cash flow to the woman under an interest-only loan, in which Ponzi will pay the annual interest expense each year and pay the principal back at the end of the contract. What is the amount of payment that the woman will receive at the end of years 1 through 9? (Round to the nearest dollar.)

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