nterest-only loan​ (regular interest payments each year and principal at​ maturity).  Chuck Ponzi has talked an elderly woman into loaning him ​$45,000 for a new business venture. She​ has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the ​$45,000 with an annual interest rate of 11​% over the next 10 years. Determine the cash flow to the woman under an​ interest-only loan, in which Ponzi will pay the annual interest expense each year and pay the principal back at the end of the contract. What is the amount of payment that the woman will receive at the end of years 1 through 9​?

Number of payments. Tony is offering two repayment plans to Phil for a long overdue loan. Offer 1 is to receive a visit from an enforcer and the debt is due in full at once. Offer 2 is to pay back $4,000 at the end of the year at an interest rate of 22% until Phil pays off the loan principal. Phil owes Tony $16,000. How long will it take for Phil to pay off the loan if he takes offer 2? How long will it take for Phil to pay off the loan if he takes offer 2? years (Round to two decimal places.)

You have just completed your four-year degree at Southwest Minnesota State University (SMSU)!  Your student loans that you have accumulated while studying at SMSU total $25,000.  Since you have graduated, you must now begin repaying these student loans.  The loan’s annual interest rate is six percent (6%) and it requires four equal end-of-year payments.    a) Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. B) What is the total amount that you will repay over this four-year period (principal + interest)? c) What portion or percentage are the total “Interest Payments” of the initial loan value of $25,000?

Jeffery Wei received a 7-year non-subsidized student loan of $31,000 at an annual interest rate of 5.9%. What are Jeffery's monthly loan payments for this loan after he graduates in 4 years? (Round your answer to the nearest cent.)