On January 1, 2023, Oriole Corp. lent $44,000 to its CEO, interest-free. The loan is repayable in full in five years. The market rate forsimilar loans (with similar credit risk) is 4%。Calculate the present value (fair value) of this loan.

Leven Corporation negotiated a short-term loan of $685,000. The loan is due in 10 months and carries a 6.86 interest rate. Use simple interest to calculate the total amount of thetioan. If necessary, round the answer to the nearest cent.

Victory Markets, LLC ("VML") has a bank loan with a total principal of $3,800,000. The stated annual interest rate for the loan is 8.40%, and the loan is to be amortized with monthly payments over 6 years. VML wants the bank to change the provisions of the loan such that payments are made on an annual basis. What would be the economically equivalent annual interest rate (i.e., economically equivalent to 8.40% compounded monthly) for a loan with annual payments? 8.6632% 8.7311% 9.0023% 8.5987%

Fishing Designs has arranged to borrow $15,000 today at 11% interest. The loan is to be repaid with end-of-year payments of $3,000 at the end of years 1 through 4. At the end of year 5, the remainder will be paid. What is the year 5 payment? $

On May 3, 2020, Leven Corporation negotiated a short-term loan of $645,000. The loan is due October 1, 2020, and carries a 5.30% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Use Days in a year table.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Maturity value

ABC Inc. asked your company for a 7-year loan of $50,000. The repayment of the loan will be as follows: ABC will pay $5,000 at the end of Year 1, $10,000 at the end of Year 2, and $15,000 at the end of Year 3, and fixed unspecified cash flow (assume X) at the end of each of the following years (Year 4 through Year 7). Assuming 8% as an appropriate rate of return on low risk but an illiquid 7-year loan. Find out the cash flow that this investment must provide at the end of each of the final 4 years (year 4 to year 7), that is, find out the X?

Van Buren Resources Inc. is considering borrowing $100,000 for 202 days from its bank. Van Buren will pay $3,000 of interest at maturity, and it will repay the $100,000 of principal at maturity. Assume that there are 365 days per year.   Calculate the loan’s annual percentage rate. Round your answer to two decimal places.   %

A financial institution made a  $2,000,000 ​1-year discount loan at 11​% interest, requiring a compensating balance equal to 66​% of the face value of the loan. Determine the effective annual rate associated with this loan. ​(​Note: Assume that the firm currently maintains​ $0 on deposit in the financial​ institution.) The effective annual rate associated with the loan is ___ %. ​(Round to two decimal​ places.)

. A businessman wishes to borrow an amount of K3 million for a term of 5 years. The agreed rate of interest is 5% per annum effective for the first 3 years, and 7% per annum effective thereafter. Repayments on the loan are made annually in arrears. (a) Find the amount of the level annual repayment. (2) (b) Draw up the loan schedule for the full five-year period. (3) (c) Calculate what percentage of the loan has been repaid by the end of year 3. (1) (d) Without doing any further calculations, explain how this percentage figure would alter if the rate of interest had instead been 7% for the first three years and 5% thereafter.

An institutional lender is willing to make a loan for $1 million on an office building at a 6 percent interest (accrual) rate with payments calculated using an 4 percent pay rate and a 30-year loan term. (That is, payments are calculated as if the interest rate were 4% with monthly payments over 30 years.) After the first five years the payments are to be adjusted so that the loan can be amortized over the remaining 25-year term.   Required: a. What is the initial payment? b. How much interest will accrue during the first year? c. What will the balance be after five years? d. What will the monthly payments be starting in year 6?