loan of X is repaid with level annual payments at the end of each year for 10 years. You are given: The interest paid in the first year is 3,600 The principal repaid in the sixth year is 4,871. Calculate X. Show proper step by step calculatio
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H5.
A loan of X is repaid with level annual payments at the end of each year for 10 years. You are given: The interest paid in the first year is 3,600 The principal repaid in the sixth year is 4,871. Calculate X.
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- a. Set up an amortization schedule for a $19,000 loan to be repaid in equal installments atthe end of each of the next 3 years. The interest rate is 8% compounded annually.b. What percentage of the payment represents interest and what percentage representsprincipal for each of the 3 years? Why do these percentages change over time?A loan of L is being amortized with payments at the end of each year for 10 years. If vs = 22/30, find expressions for the following in terms of (a) The amount of principal reapid in the first 5 payments. (b) The amount due at the end of 10 years if the final 5 payments are not made as scheduled3. A loan of size L is to be paid off by payments of 2000 each year for 10 years. The principal repaid in year 2 is 800. Find the interest rate i and the loan size L.
- For a repayments schedule that starts at the end of year 5 at $A and proceeds for years 6 through 40 as $2A, $3A...... What is the value A if the principal of this loan is $100,000.00 and the interest rate is 10% compounded annually?3. A loan of $20,000 has a stated interest rate of 5 percent per year. Repayment of principal and all accumulated interest is to be made at the end of year 10. a) How much is paid at the end of the tenth year? b) How much simple interest is paid (excluding the interest accumulated on interest)? c) How much compound interest is paid (i.e., interest on interest)? please show formulas. ThanksSet up an amortization schedule for a Rs 100,000 loan to be repaid in equalinstallments at the end of each of the next 5 years. The interest rate is 10%compounded annually. b. What percentage of the payment represents interest and what percentage represent principal for each of the 5 years? Why do these percentages change over time?
- A loan of $1500 is to be repaid by annual payments of $250 to commence at the end of the fifth year and to continue thereafter for as long as necessary. Find the amount of the final payment, if the final payment is to be larger than the regular payments. Assume i = 5%. Round your answer to two decimal places.For a repayment schedule that starts at end of year (EOY) four at $Z and proceeds for years 4through 10 at $2Z, 3Z,………..…….., what is the value of Z if the principal of this loan is $10,000and the interest rate is 7% per year?
- H4. A 10 year loan of $2,000 is repaid with payments the end of each year. There are 2 options: (i) Equal annual payments at an annual effective rate of 8.07%; (ii) Repayments of the principal of $200 each year plus interest on the outstanding balance at an effective rate of i%. The sum of all payments under each option is the same. What is i? Please show proper step by step calculation5.Consider a $10,000 loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 7%. a. Set up an amortization schedule for the loan. Round your answers to the nearest cent. Enter "0" if required Year Payment Repayment Interest Repayment of Principal Balance 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $ 4 $ $ $ $ 5 $ $ $ $ Total $ $ $ b. c. How large must each annual payment be if the loan is for $20,000? Assume that the interest rate remains at 7% and that the loan is still paid off over 5 years. Round your answer to the nearest cent.$ d. How large must each payment be if the loan is for $20,000, the interest rate is 7%, and the loan is paid off in equal installments at the end of each of the next 10 years? This loan is for the same amount as the loan in part b, but the payments are spread out over twice…6. A loan is to be repaid in 30 years with level annual payments made at the end of each year. The anmual effective rate of the loan is 7%. If the principal repaid in the 3rd year was $400, find the amount of principal repaid from the 11th year to the 15th year (inclusive).