Question Help OHelpGraham purchased a business by agreeing to make three payments of $12.000.00 each in 3 months, 7 months, and 10 months. Because of cash fowdifficulties, he renegotiated the payment schedule so that he would pay $16,200.00 in 4 months, $11,000.00 in 14 months, and a third payment of$10,000.00. In how many years should he make the third payment if interest is % compounded monthiy? State your anower in years and months (homO to 11 months).The payment of $10,000.00 can be fultiled in years) andmonthis)(Round down to the nearest month)

Payment schedule is the schedule which denotes the amount and period of payments required to be…

Question Help Graham purchased a business by agreeing to make three payments of $12.000.00 each in 3 months, 7 months, and 10 months. Because of cash flow difficulties, he renegotiated the payment schedule so that he would pay $16,200.00 in 4 months, $11.000.00 in 14 months, and a thid payment of $10,000.00. In how many years should he make the third payment it interest is % compounded monty? State your anwer in years and months (hom O to 11 months). The payment of $10,000.00 can be fulfiled inyeara) and morthsj (Round down to the nearest month)

Question Help Graham purchased a business by agreeing to make three payments of $12.000.00 each in 3 months, 7 months, and 10 months. Because of cash flow difficulties, he renegotiated the payment schedule so that he would pay $16,200.00 in 4 months, $11.000.00 in 14 months, and a thid payment of $10,000.00. In how many years should he make the third payment it interest is % compounded monty? State your anwer in years and months (hom O to 11 months). The payment of $10,000.00 can be fulfiled inyeara) and morthsj (Round down to the nearest month)

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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← Dirk Ward borrowed $13,000.00 for investment purposes on May 26 on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. He paid $1000 on June 5, $100 on September 27, and $900 on November 24. How much is the accrued interest on December 31 if the rate of interest was 5% on May 26, 5.6% effective August 1, and 5.85% effective November 12 The accrued interest on December 31 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Q2.7: Morgan purchased a house for $400,000. He made a downpayment of 15% of the value of the house and received a mortgage for the rest of the amount at 5.25% compounded semi-annually for 20 years. The interest rate was fixed for a 5-year term. a. Calculate the size of the monthly payments. b. Calculate the principal balance at the end of the 5-year term. c. Calculate the size of the monthly payments if after the first 5-year term the mortgage was renewed for another 5-year term at 5.00% compounded semi-annually? Kindly keep all the decimals for all the preocedures, DO NOT ROUND
Bob Jones bought a new log cabin for $65,000 at 11% interest for 30 years. Prepare an amortization schedule for the first three periods. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Payment Number 1 2 3 Portion to Interest Principal Balance of loan outstanding
Solve the problem Sandra deposits $3000 at the beginning of each semiannual period for 16 years at 8% interest compounded semiannually. Find the amount she will have on deposit. O$98,250.68 $174,985.01 O $195,628.59 O $185,104.41 lo
6 % interest rate for 15 years is 8.43857
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QUESTION 2 David owes a business partner $5539 which was due 2 years ago and $3584 which is due in 1 year. David agrees to pay back both debts at the same time in 6 months If money earms 45% per year compounded quarterly, how much will he pay back in total? Round your final answer to 2 decimal places (nearost cent) and do not enter a dollar sign or a negative value.
1 You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest) $992,000 17.4% 43 years January 1, 2021 Use the installment method - not straight line Do NOT round any interrmediate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers. Loan amount Interest Rate Life Date of Loan Required: 1. What is the annual payment (round to the nearest $)? $4 2. What are the total interest payments (round to the nearest $)? $. 3. After 16 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? 1% 4. After 16 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage polint)? 1%
Question 1 To pay the remainder of his student loan, Tran borrows $3500 from his at an interest of 3.5% per year, compounded semi-annually. His parents would like the lone to be paid in full in 3 years. How much interest will Tran pay to his parents? Question 1 options: a) $350.00 b) $383.96 c) $410.00 d) $400.00
please help me fast so that I will give Upvote
Question 4: Jerry's Concrete allows his customers to create six-month promissory notes on any stamped concrete driveway project with interest at 8.9%. Three months after completing a $17,300 job on February 2, 2022, Jerry had some liquidity problems and sold the promissory note to a financial institution at a simple interest rate of 10.35%. Calculate Jerry's proceeds on the sale
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