How much will Kingston Technologies have to pay each year in 9 equal payments, starting 2 years from now, to repay a $900,000 loan. The interest rate is 13% per year?

Q: Budweiser has gotten a 90-day bank loan equaling $10,000 with an annual interest rate of 15%,…

A: Number of day = n = 90 daysLoan Amount = a = $10,000Interest rate = r = 15%

Q: Consider a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls…

A: A loan refers to an agreement between two parties where money is given by one party to the other on…

Q: How much money should you invest now to ensure $600 per year for 9 years starting next year. The…

A: Given Information: Rate of interest - 16% Annual amount - $600 per year No. of years = 9 To compute:…

Q: Suppose you secure a $250,000 mortgage loan to be paid off over 30 years at an annual interest rate…

A: Calculator steps: I/y = rate = 7.1%/12 = 0.5916667% NPER = Number of periods = 30*12 = 360 PV =…

Q: A $ 200 000 loan is made with 30 years maturity and monthly compounded. The loan is based on a…

A: The loan is an arrangement of the lending facility from the lender to the borrower. A lender…

Q: financial institution is offering a six-year term deposit that will pay 7% per annum compounded…

A: 1) Value at end of 5 years  Solved using Financial Calculator  PV = -125,000 I/Y = 7/4 = 1.75 N = 5…

Q: You are considering taking out a loan of $16,000.00 that will be paid back over 8 years with monthly…

A: Loans are paid by equal fixed periodic payments that carry the payment of interest and also payment…

Q: You are considering taking out a loan of 20,000.00 that will be paid back over 7 years with monthly…

A: given information  loan amount = 20,000  interest rate = 4.8% monthly interest rate = 0.004 no of…

Q: re buying a R150 000 house for 10% deposit, with the rest financed by a bank loan a 1, compounded…

A: In this we have to calculate the present value FACTOR monthly and get monthly payments.

Q: What is the present equivalent of $ 180,000 to be received in 15 years when the interest rate is 7%…

A: Time value of money (TVM) means that the amount of money received in the present period will…

Q: Assume we have a $14,500,000 loan with a 2.25% interest rate, with an annual payment of $750,000.…

A: A number of years are described as the period to be consumed for the repayment of loan amount with…

Q: You have a student loan of 40,0005s that you want to repay in 10 years interest rates are at year…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

Q: You are buying a house for $130,000.00 with a downpayment of $26,000.00. The loan will be paid back…

A: Concluding payment is calculated as under-

Q: Using a spread sheet, calculate the annual payments on a loan for $ 100,000, 10-year loan, 5% per…

A: The objective of the question is to calculate the annual payments on a loan and build an…

Q: You are considering taking out a loan of $10,000.00 that will be paid back over 9 years with monthly…

A: The amortization schedule outlines how each payment is allocated between interest and principal, and…

Q: You borrow $90,000; the annual loan payments are $12,852.25 for 30 years. What interest rate are you…

A: Interest :  It is the total amount payment on loan taken or fund borrowed by any person . it may be…

Q: You have a $200,000 loan at 4% interst over 20 years. You make the payment plus $250 at the end of…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: You are buying a house for $280,000.00 with a downpayment of $56,000.00. The loan will be paid back…

A: Loan amount = Cost of House - Downpayment To calculate the concluding amount of loan, excel formula…

Q: You are considering taking out a loan of $11,000.00 that will be paid back over 10 years with…

A: Unpaid loan balance will be the present value of outstanding payments that are not yet paid based on…

Q: Calculate the number of months required to repay the loan.

A: When we borrow money from the borrower, we need to repay the periodical installments to repay the…

Q: You are considering taking out a loan of $6,000.00 that will be paid back over 10 years with…

A: We take loans when we are faced with a problem of financial or liquidity crunch. The loan is repaid…

Q: How much the monthly payment on a $135k home be if you get 3.6% interest over a 15 year loan with a…

A: Given information: Amount of loan : $135,000 Interest rate : 3.6% Time period : 15 years Balloon…

Q: A loan of Php 50,000 due 5 years from now and Php 50,000 due 10 years from now is to be repaid by a…

A: Given information : Amount due in 5 years = Php 50,000 Amount due in 10 years = Php 50,000 Repayment…

Q: 3 years from now you purchase aproperty, price is $1,800,000. you obtain 90% financing at a fixed…

A: Price of property = $ 1,800,000 Loan amount = Price of property*90%                       =…

Q: What is the amount that a company can borrow today if its ann capacity is 10,000 KD, the loan…

A: Loans are paid by annual payments and these carry the payment for loan and pay for interest amount…

Q: How large must each annual payment be if the loan is for $60,000? Assume that the interest rate…

A: Given: Loan = $60,000 Interest rate = 12% Year = 5

Q: Suppose that you can pay 15,000,000 VND per month for the next 30 years. What is the largest loan…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: How much would you have to pay each year to pay off a 5%, 7-year loan of $300,000?

A: In the given question we require to calculate the annual payment to pay off the loan of $300000 in 7…

Q: What is the value today of $1,400 per year, at a discount rate of 10 percent, if the first payment…

A: First, we calculate the present value in year 5 of the annuity and then once again calculate the…

Q: 5. A loan of $12,000 is to be repaid by three equal payments due today, two months from now, and one…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Compute the monthly payment on a $65,000 loanif the principal and interest are to be repaid in 84…

A: a) Loan amount (PV) of $65,000 needs to be repaid in (n) 84 equal installments at an annual interest…

Q: what would be the required interest payment for a 30-day mont

A: Hi student ! Requirement is assumed.

Q: With an interest rate of 14.5% compounded annually, how much will be required in 10 years to repay a…

A: To determine the amount that will be needed after 10 years to repay the loan received today, we need…

Q: What single payment today would replace a payment of $1,700 in 2 years and a payment of $4,400 in 6…

A: Let the single payment today = X Payment in year 2 (P2) = $1700 (After 8 quarters) P6 = $4400 (After…

Q: ll take n years, t months and u days to pay off a $1000 loan if $100 is paid at the end of every…

A: Loans are paid by equal periodic payments that carry the payment for interest and loan.

Q: How much will Kingston Technologies have to pay each year in 9.00 equal payments, starting 2 years…

A: In the Given case:Since the payments start 2 years from now, we need to calculate the value of loan…

Q: How much should an investor be willing to pay for an investment product that offers to pay 25,000…

A: Annuity refers to the equal amount of payments/deposits at equal intervals for a definite period at…

Q: You borrow $250,000; the annual loan payments are $35,700.70 for 30 years. What interest rate are…

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: You want to buy a new energy vehicles for ¥715,00 on a 5-year mortgage with annual payment at 7%…

A: In equal annual principal payment method, the loan is repaid in equal principle instalments.…

Q: What is the present worth of a uniform series of 10 payments that begin one year from now in the…

A: Present Value is the amount of money's worth on the present day which to be received/paid in future,…

Q: What monthly payment is required to pay off a $40,000 loan in seven years if the interest rate is…

A: Loan Payment: These represent periodic payments made by the borrower for borrowing a sum of the…

Q: will we owe more or less than $200,000 (half the original loan amount)?

A: Loan Amount: It represents the credit taken by the borrower from the lender. The borrower makes…

Q: How much should be invested each year for 10 years to provide you with $8000 per year for the next…

A: Present value includes the value without interest rate and future value includes the value with…