has a loan with an effective annual interest rate of 4%. He makes payments at the end of each year for 11 years. The first payment is 100, and each subsequent payment increases by 10 per year. Calculate the interest portion in his 5th payment. A) 39.82 B) 40.44 C) 41.25 D) 49.25 E) 43.72

Willie Wilson plans to borrow $21, 185 at the beginning of each of his 4 years of college. He will repay the loan in 16 equal annual installments at the end of each year starting one year after he graduates. If the interest rate is 8.08 %, how large will the installments be? Interest will accrue on Willie's loan while he is in college.

Michael needs an investment loan. He gets a simple interest amortized loan for $12,000 at 9 % for four years. Find the total interest that will be paid over the life of the loan.

PART B.) George is loaned $100,000 in Year 0. Approximately (round up to the nearest year) many years will it take him to pay off the loan at 4% interest if he pays down the loan by $10,000 in Year 1 and increases his payment by $1,000 in each year starting in Year 2?

Please answer fast and Arjent please

Jeremy received an excellent interest rate for her loan of $9,500. Calculate the nominal interest rate compounded semi-annually if the loan accumulated to $ 10, 110.18 in 6 years and 6 months.

Now it's time for you to practice what you've learned.. Suppose Teresa receives a $37,000.00 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. Complete the following amortization schedule by calculating the payment, interest, repayment of principal, and ending balance for each year. Year Beginning Amount 1 $37,000.00 2 3 Payment Interest Repayment of Principal Ending Balance $0.00 Complete the following table by determining the percentage of each payment that represents interest and the percentage that represents principal for each of the three years. Payment Component Year 1 Interest Repayment of Principal Percentage of Payment Year 2 Year 3

Monica invests $1600 into an account the beginning of each quarter for 9 years, starting from today. Interest is to be paid at an interest rate of 1.4% per month, compounded quarterly. Peter, would like to invest two lump sums at the beginning of the 2nd year and 4th year, with the lump sum payment 2 times greater at the 4th year than the 2nd year. Peter's account receives the same interest rate as Monica. Determine the effective interest rate per quarter under this investment. Round your answer to the nearest 0.01% Determine the future value of Monica's investment at the end of the 9 years. Round your answer to the nearest $100 Determine what lump sum Peter must invest at the beginning of the 2nd year that would yield the same yield value as Monica by the end of the 7 years. Round your answer to the nearest $100.

Sam and Randy each take out a loan for $9,927. Sam's loan has an annual rate of 16.4% with semi-annual compounding (twice per year). Randy's loan has the same annual rate, but it uses continuous compounding. How many months does Randy need to wait in order to have the same debt that Sam will have after 82 months?

Johnson takes a loan of RM600,000 from a bank. The bank charges an interest rate of 6.6%per annum compounded monthly. He agrees to repay his loan by making two equal payments at the end of the third year and the fifth year. Question Find the repayment amount.