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

Q: a. Complete an amortization schedule for a $11,000 loan to be repaid in equal installments at the…

A: An amortization schedule is a schedule that shows a detailed break up pf loan payment over different…

Q: A loan of $2982 is repaid in three years. Find the amount of interest paid on the loan if it is…

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

Q: To repay a loan of $20,000, a series of nineteen level payments is to be made with the first payment…

A: Generally loans are paid by annual payments that carry the payment for loan and payment for interest…

Q: A twenty-year loan of $15,000 is being repaid with payments of X every other year beginning at the…

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

Q: A demand loan for $8945.17 with interest at 9.8% compounded semi-annually is repaid after 6 years,…

A:

Q: ______5. Compounding quarterly means the interest period is  A. every year C. every 6 months  B.…

A: Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: 6. A loan of $2000 is to be repaid with annual payments of $200, $150, and P, respectively at the…

A: Laon amortization schedule means where repayment during the life of loan is written with interest.

Q: Show your financial calculator inputs for the payment calculation.

A: Interest refers to the cost of money borrowed from a lender. It can be simple or compound. It is…

Q: find the term of the loan n if the amount of interest paid in the 10th payment is 300

A: Amortization is the process of repaying the loan. In an amortizing loan, a portion of each monthly…

Q: A 10-year loan of L is prepaid by the amortization method with payments of $1,000 at the end of each…

A: Amortization In case of amortization, a series of equal periodic payments at equal interval is made.…

Q: A loan of $60000 at j4 = 6% is to be repaid over 20 years with semi-annual payments. a) How much…

A: Amortization refers to the systematic and regular repayment of the loan amount including the…

Q: A loan of $50,000 is to be amortized in 15 level annual payments. The interest rate for the first 5…

A: Annual instalment of loan is calculated based on present value of annuity formula. Effective…

Q: A demand loan of $10,000 is repaid by payments of $5000 in one year, $6000 in four years, and a…

A: Loan amount refers to the money that is borrowed by the borrower from the lender at specified rate…

Q: A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The…

A: Loan payback is the process of repaying a lender for the money borrowed. The loan is repaid in a…

Q: 2. A LOAN of 1000 SAR needs to be fully paid off, in THREE annual installment payments. Based on the…

A: In order to determine the interest amount the interest rate is required to be multiplied with the…

Q: Complete the first three lines of an amortization schedule for the following loan: You borrow $ 5000…

A: Monthly payments for amortized loan…

Q: .Consider a $10,000 loan to be repaid in equal installments at the end of each of the next 5 years.…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: A loan of $2,000 is paid by the following series of payments, beginning one year after the loan is…

A: Amortization table shows the break up of instalments for the interest charged on the outstanding…

Q: The interest rate on a $6400 loan is 7% compounded semi-annually, and the loan is to be repaid by…

A: Here, To Find: Number of months required to settle the loan =? Amortization schedule =? Total…

Q: The superior tool company is repaying a debt of $96000 by payments of $1000 made at the end of every…

A: A loan can be repaid by making equal periodic payments. These payments include both the interest…

Q: A loan of size L is to be paid off by payments of 2000 each year for 10 years. The principal repaid…

A: The question is based on the concept of loan amortization and sinking fund. The question can be…

Q: 25. A loan of R15,000 is charged at an annual interest rate of 8%, compounded monthly. If the loan…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: An installment loan for $18,000 has terms such that monthly payments of $180 are made for 10 years.…

A: Workings:- Time Period of Payments(in years) = 10 years Time Period of Payments(in months) = 10*12…

Q: A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The…

A: To Find: Monthly payment Capital repaid and interest paid in first and lst month Loan repaid after…

Q: A 4 year loan of $125,000 with equal installment payments at the end of each year.The interest rate…

A: Therefore, P*[1-1/(1+r)^n]/r = 125,000  => P*[1-1/(1+7%)^4]/7% = 125,000 =>P*[1-0.7628]/7% =…

Q: A loan is amortized over 5 years with monthly payments at a nominal interest rate of 12% compounded…

A: First monthly payment (M) = 200 Monthly growth rate (g) = 1% Monthly interest rate (r) = 12%/12 = 1%…

Q: 2. Find the payment needed to pay the following loans. a) $12 500 at 8% compounded quarterly for 15…

A: Any sum borrowed to meet the specific business or personal requirement is regarded as a loan. The…

Q: Prepare an amortization schedule for a three-year loan of $96,000. The interest rate is 9 percent…

A: A loan is a sum of money that is borrowed from a lender with the expectation that it will be paid…

Q: a. Complete an amortization schedule for a $26,000 loan to be repaid in equal installments at the…

A: Loan amortization refers to the systematic and regular repayment of the loan amount and its interest…

Q: A business loan worth Php 1,000,000 is to be repaid quarterly in 2 years . The interest rate is 10%…

A: in this we have to find present value FACTOR and find quarterly payment and solve remaining part.

Q: a. Complete an amortization schedule for a $19,000 loan to be repaid in equal installments at the…

A: The amortization schedule represents how the principal balance on the loan will be repaid over the…

Q: A loan of $2400 is to be repaid by annual payments of $261 to commence at the end of the 5 th…

A: The last payment refers to an amount being paid by the borrower to the lender at the time of payment…

Q: Find the monthly payment on the loan. Assume that the term of the loan is 10 years. $6300 at 7.8%…

A: Given: Loan amount = $6,300 Interest rate = 7.8% Term = 10 yearsThe payment deferred for 6 months…

Q: $25,000 at a fixed APR of 9​% for 25 years.   a. Calculate the monthly payment. b. Determine the…

A: Loans are paid by the monthly payments and these are fixed payments that carry the payment for…

Q: For a repayments schedule that starts at the end of year 5 at $A and proceeds for years 6 through 40…

A: A loan is a type of borrowing that is taken from a financial institution by a borrower and the…

Q: A loan is to be repaid by an annuity payable monthly in arrears over a 5-year period. The annuity…

A: A repayment schedule, also known as an amortization schedule or loan repayment schedule, is a table…

Q: A loan with interest at 10% converted semiannually is to be amortized by equal payments of…

A: Interest rate = 10% Semi annual interest rate (r) = 10%/2 = 5% Period = 9 Years Number of payments…

Q: A loan of $20,000 is paid off with installments of $1400 made at the end of each six months. The…

A: Given Information : Loan amount = $20,000 Semi - annual Payment  =$1,400 Interest rate = 7%