Answered: ind the interest on the following loan.…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Set up expressions initially with functional notation like P/F,i,n 1. The owner of a small business borrows 40,000 on a 2-year contract at 7% interest compounded annually, with the loan to be repaid in two equal EOY installments. The first payment will be deferred one year. Determine the loan payment (installment) amount to the nearest cent.
FIND THE SIMPLE INTEREST ON A 50,000 LOAN AT 14 1/2% FOR 7 MONTHS.
For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $6400 at 7.9% interest; student graduates 3 years and 9 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $. Round to two decimal places, if necessary. X Ś Es
Please help and not handwritten, concept also pls
Ql: you put $ 2500 in account bank , this bank gives interest 6.5% for the first 3 months of saving , in the next 6 moth the banks raise the interest to 8% and the interest become 9.5% for the next 365 days . Find the total amount in this account after the total period of saving if compound interest and simple interest .
Excel Online Structured Activity: Amortization schedule The data on a loan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. X Open spreadsheet a. Complete an amortization schedule for a $42,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 9% compounded annually. Round all answers to the nearest cent. Year 1 2 3 Year 1: Year 2: Year 3: I $ $ $ Beginning Balance ||| IV V % Interest % heck My Work $ $ % Payment b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places. % Principal % Reset Problem % $ $ $ % Interest $ $ $ Repayment of Principal $ c. Why do these percentages change over time? I. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as…
The exact interest on a loan of $3728 at 7.4% annual simple interest for 95 days is Round your answer to 2 decimal places.
Monthly payment of loan b, rounded to the nearest cent
Please answer fast i give upvote.
Find the discount interest for a 2-year PHP 102,000 loan if the discount interest rate is1.8%.
Required: a. Calculate the standard deviation of returns of each service provider. b. Which service provider would you recommend for Mr. Lutombi to invest in? c. Assuming Mr. Lutombi invests 40% of his money in MTC and the rest in Telecom, what is Mr. Lutombi portfolio return?
For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $8800 at 6.3% interest; student graduates 2 years and 7 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $. Round to two decimal places, if necessary. X Ś

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ind the interest on the following loan. $1400 at 5.5% for 3 months Only typed solution.