Given Principal $21, 000, Interest Rate 11%, Time 240 days (use ordinary interest) On 100th day, $8,000 On 180th day, $4,500 Partial payments: a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Total interest cost $4 b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) On 100th day On 180th day Balance after the payment 24 c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Final payment %24

Given Principal $13,500, Interest Rate 9%, Time 240 days (use ordinary interest) Partial payments: On 100th day, $3,800; On 180th day, $2,500 a. Use the U.S. Rule to solve for total interest cost. Note: Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent. Total interest cost c b. Use the U.S. Rule to solve for balances. Note: Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance after the payment Final payment On 100th day On 180th day c. Use the U.S. Rule to solve for final payment. Note: Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.

The interest rate on a $15,300 loan is 9.7% compounded semiannually. Semiannual payments will pay off the loan in nine years. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.) a. Calculate the interest component of Payment 12. $ b. Calculate the principal component of Payment 5. Principal c. Calculate the interest paid in Year 8. Interest paid d. How much do Payments 5 to 8 inclusive reduce the principal balance? Principal reduction Interest

A loan of 814, 000 is to be repaid in 20 years by month - end repayments starting in one month. The interest rate is 8.3% p.a. compounded monthly. Calculate the principal paid in Year 6. (between the end of month 60 and the end of month 72). Correct your answer to the nearest cent without any units. (Do not use "$" or ","in your answer. e.g. 12345.67) (Hint: you can use Excel to find the answer.)

Given    Principal  $ 13,000, Interest 5%,  Time 240 days (use ordinary interest)               Partial Payments:   On 100th day, $ 6,800                                              On 180th day, $ 3,900 a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Total Interest Cost     b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.)   On 100th day On 180th day Balance after the Payment       c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Final Payment

a-1. Calculate the present value of an annual payment of $680.00 you would received for 12 years if the interest rate is 7.01%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value a-2. Calculate the present value of an annual payment of $544.00 you would received for 18 years if the interest rate is 7.01%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b-1. Calculate the present value of an annual payment of $680.00 you would received for 12 years if the interest rate is 17.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b-2. Calculate the present value of an annual payment of $544.00 you would received for 18 years if the interest rate is 17.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value

A debt can be repaid by payments of $1000.00 today, and $3000.00 in two years. What single payment would settle the debt three years from now if money is worth 16% p.a. compounded semi-annually? PV₁ =$ IY = FV₁= $ FV = PV(1 + i)" up to 4 decimal places Single payment E= FV₁ + FV₂ = $ PV₂ =$ n₂ = FV₂ Ja LA up to 2 decimal places up to 2 decimal places